Debit card spending is now also eligible for bonus interest for OCBC 360 Account. Refer to the latest T&C from OCBC.

https://www.ocbc.com.my/assets/pdf/Accounts..._ACC360_PIS.pdf

https://www.ocbc.com.my/assets/pdf/Accounts...1115_ACC360.pdf

That's great for those who unable to apply an Ocbc credit card.

RM500 credit/debit card usage monthly. Can use so much?

It’s definitely possible.

I think RM5 is the minimum for all bills payment via OCBC Online Banking, tried Maxis and TNB, unless it's JomPay where RM1 might be possible

This post has been edited by Sumofwhich: Dec 27 2017, 10:04 PM

Hi there, any idea how I can meet the 3 bills criteria?

The only bills I have to pay is TNB and Indah Water (every 2 months).

According to earlier posts, IBG to 3 other bank accounts works too right?

Yes

Thanks will try!

Does OCBC charge any fee to IBG to other banks' accounts?

Does OCBC charge any fee to pay bills such as TNB?

Reason i asked is because Maybank do charge a fee.

This post has been edited by rainbird: Jan 16 2018, 12:49 AM

IBG charge is standard RM0.11 including gst.
No charge on bill payment.

As far as I know, all banks charge a standard RM0.11 for IBG and RM0.53 for immediate transfer. Bill payments are never charged a fee. These charges are regulated by BNM. Sometimes, some banks don't charge as part of promotion period. Otherwise, they charge the standard fee.

I was not charged the 0.11 fee, maybe because of Premier Banking?

Anyway, it worked, Got the bonus three times, was worth it, because I left a lot of cash on the 360 account.

3*45 RM, that is good for a couple of extra laksas this month, almost a steak at Ipohs famous Volcano Grill

Just opened the 360 account
Its nice that I get a little more than average SA...my previous SA interest so little until cannot see any diff even though I rajin deposit ( 0.0X% p.a )
So I'm more than happy for 2.9% p.a ( I don't own a CC and I don't see the point in spending from my debit yet.. )

Quote from the T&C

A “Bill Payment” means a payment from the Eligible Customer’s OCBC 360 Account made :
(i) through retail payment channel of OCBC Online Banking or OCBC Internet Banking to :
(a) the Eligible Customer’s OCBC home loan facility; or
(b) any account with any bank or financing institution other than OCBC Bank; or
© any participating billing organisations; or
but excluding any payment by the Financial Process Exchange (FPX) platform
(ii) pursuant to standing instruction to the Customer’s OCBC home loan facility.

Does it include Instant Transfer?

Sorry. Not high enough. Philip Money market fund offer you 3.53%p a. FSM CMF2 offer returns of 3.3.x%p.a

If you want free IBG/IBFT, Standard chartered justone account is the account for you. Get to keep RM0-20 inside and still get free IBG/IBFT

UOB having promo until end of the year for free fund transfer. Can refer few pages back.

Instant Transfer/Giro is fine as long as to a Savings/Current account.

If you don't feel like completing 4.10% requirements for OCBC, AND your saving is above RM20,001, you should consider UOB eAccount:
1. for RM20,001 - RM50,000 you get 3.13% interest
2. for RM50,001+ you get 3.60% interest

Giro or Insta will do, to any bank excluding OCBC bank.

Nice! Thanks!

Nope..far from reaching 20k..😅

just get to know this ocbc360 ,
and planning to get one .....

from the pdf ,
IBG/instant transfer , got charges ???

so, this still good ?
or other bank are better ?thank you

Ignore ocbc and go straight for Phillip money market. Don't need headache yourself with the terms and conditions. Ocbc cards are useless to spend RM500 on them. Effectively lowering your interest rate to only 2.9%p.a vs Phillip money market of ~3.5x%p.a