UOB ONE Account

E

ericcsn

Senior Member
Joined
May 8, 2024
Messages
1,005
Reaction score
475
ahnyaahnya said:
If they are going to stop salary through FAST when they have been doing so for so long, they should have to make an announcement that there is a change of terms.
It would be dishonest to just stop accepting FAST transfers that satisfied the requirement. Cos they would be depriving the account holders of the opportunity to decide whether to leave the money with the account
Click to expand...
Wouldn’t have bothered with UOB one if they stop accepting FAST.
 
E

ericcsn

Senior Member
Joined
May 8, 2024
Messages
1,005
Reaction score
475
ahnyaahnya said:
Me too.
If they just suddenly stop changing the requirement without informing us imo it's cheating us
Click to expand...
not going to mess around with changing payroll bank account.

Otherwise I would have split my payroll across all those other HYSA banks - OCBC , Bank of China etc. to fulfill salary criteria and get at each bank max possible interest rates.
 
Last edited:
M

Mickey01

Senior Member
Joined
Mar 5, 2017
Messages
1,582
Reaction score
675
S

sglandscape

Supremacy Member
HWZ Insider
Joined
Jan 30, 2023
Messages
6,153
Reaction score
2,973
Mickey01 said:
just because people close one eye, you cannot say people cheat :)

Go to UOB ONE webpage and click all the "information popup" and read
Click to expand...
There are legitimate use case for people to pay via this method. Of course of it comes from a same name account, UOB has all rights to reject it if they wish.
 
A

ahnyaahnya

High Supremacy Member
Joined
Mar 3, 2010
Messages
34,101
Reaction score
10,846
Mickey01 said:
just because people close one eye, you cannot say people cheat :)

Go to UOB ONE webpage and click all the "information popup" and read
Click to expand...
Close one eye to what?
Where in the tnc does it say that the salary must come through GIRO?
 
A

ahnyaahnya

High Supremacy Member
Joined
Mar 3, 2010
Messages
34,101
Reaction score
10,846
Crayon Shinchan

Crayon Shinchan

Senior Member
Joined
Mar 22, 2020
Messages
2,030
Reaction score
284
Claylite said:
There is a cap of $50 a month with 150k ADB. To get $50 at 6% rebate, this means you paid at least 833.33 each month which is 10k for 12 months. I think kimsix is referring to this.
Click to expand...
Actually if have $150k in UOB One, the maximum monthly tax saver is capped of $50, which equates to $833.34 per month of Tax.
For average people usually our monthly tax is alot alot lower than that.
Does it make sense to shorten our number of months of payment (e.g. 6 months) for this year? to get back the tax cashback sooner? or just set it over the 12 months?

Just a discussion point.
 
ThinkMe

ThinkMe

High Supremacy Member
Joined
Jun 4, 2011
Messages
42,489
Reaction score
8,531
changruihao said:
From what i hear. Since people have confirmed that if do via egiro no change to tax plan. I believe its just a visual glitch/bad system design. Because april tax payment although not deducted has been sent out and approved by bank(non uob) already if u see your notices. Meaning high chance your april deduction will still happen just that it will be from the non uob bank(pre change).
Once that happens, FY2025 will start on 6th May where iras should rebalance your giro based on the remaining balance and send you a new tax plan which should be the “correct” monthly amount deducted from uob, aka 12 months of rebates until april 2026
Click to expand...


Mine deducted today (last one before deducts from UOB next month).

Before changing to UOB, was notified it will be 182 monthly from May 25 onwards. After switching to UOB, it became 194 monthly. Based on the 6% rebate, feels like no change to me.

:rolleyes: :rolleyes: :rolleyes:
 
R

rest1ess

Senior Member
Joined
Nov 17, 2005
Messages
637
Reaction score
137
ahnyaahnya said:
Then whose fault that they accepted the transfers ?
They should have rejected from day 1 .
The account holders did not breach anything .
If they didn't qualify , they simply didn't qualify. The bank accepted the transfers as having qualified for the bonus.

.
Click to expand...
If they want, maybe now they say not qualified and claw back. :LOL:
 
I

iosnewbie

Supremacy Member
Joined
Sep 4, 2015
Messages
9,926
Reaction score
3,098
Is it confirmed that from 01-April-2025 onwards, salary credit into UOB One using FAST is no longer accepted? I haven’t done my usual $1600 FAST transfer for Apr yet. If this no longer works then I will just dump the bulk of my UOB One account balance into SCB ESaver till end of May.
 
M

Mickey01

Senior Member
Joined
Mar 5, 2017
Messages
1,582
Reaction score
675
Crayon Shinchan said:
Actually if have $150k in UOB One, the maximum monthly tax saver is capped of $50, which equates to $833.34 per month of Tax.
For average people usually our monthly tax is alot alot lower than that.
Does it make sense to shorten our number of months of payment (e.g. 6 months) for this year? to get back the tax cashback sooner? or just set it over the 12 months?

Just a discussion point.
Click to expand...
You can always choose to pay IRAS in one lump sum.
 
E

ericcsn

Senior Member
Joined
May 8, 2024
Messages
1,005
Reaction score
475
iosnewbie said:
Is it confirmed that from 01-April-2025 onwards, salary credit into UOB One using FAST is no longer accepted? I haven’t done my usual $1600 FAST transfer for Apr yet. If this no longer works then I will just dump the bulk of my UOB One account balance into SCB ESaver till end of May.
Click to expand...
Nope.
on my UOB apps, it is still showing up for SALA using FAST.
 
You must log in or register to reply here.
Important Forum Advisory Note
This forum is moderated by volunteer moderators who will react only to members' feedback on posts. Moderators are not employees or representatives of HWZ Forums. Forum members and moderators are responsible for their own posts. Please refer to our Community Guidelines and Standards and Terms and Conditions for more information.
Top