Did u manage to get the bonus interest by doing 3 transfers to other banks and accounts? (Paying 3 bills criteria)

yup

hi, is this IBG transfer to other bank saving/current account? will consider "bill payment"?

if i pay bill using ocbc online banking by rm1 to TNB, rm1 to maxis, rm1 to tm, will this consider 3 x "bill payment"?

thank you

thank you for your prompt reply. in sandakan, we only have OCBC al Amin, so im using the 360i, since they say islamic bank cannot have credit card, i have to use their debit card RM500 a month.
Last month i did 3 'bills' payment on the 28th june, (to 3 different credit cards) but didn't meet the criteria sadly. I already did deposit RM500 and use RM500 on the debit card.

This month cuba again, already spent RM500, already bank in RM500, now to transfer IBG 3 different accounts and hopefully i get all the bonus interest

happy earning 4.1%

hi,
issit using IBG to pay 3 different bank's credit card, didn't qualify for the "3 x bill payment" ?
thank you~

IBG to 3 different bank account. Not credit card.

Yes, all considered as "bill payment" including IBFT. IBFT is currently free until 28/9/2017.


The 3 different credit cards are all from OCBC or from different banks? If from OCBC then, will not qualify for bonus interest. Else, should be eligible but I have not tried it before so cannot confirm.

i paid 3 different credit card (2 from maybank with AMEX and MASTECARD and 1 from UOB VISA) all didn't qualify.

as one forumer had mentioned.. IBG does qualify. So I am going to try to transfer to 3 different bank accounts this month.

If this month i dun get the full 4.1%.. then i will do the RM1 to TM, RM1 to ELECTRICITY and RM1 to DIGI bill.

I tried paying bill of Rm5 but cannot. Min is Rm10 for each bill if i remembered correctly.

How did you know you the credit card payments did not qualify for the bonus interest? Did you confirm with customer service or did you assume that is the case?
Did you managed to get the full 4.1% after trying with IBG then to other banks?

I also experienced not getting the correct bonus interest recently for OCBC 360 Account-i. I fulfilled all the conditions but did not get the full bonus interest. I checked with customer service and was told I did not spend RM500 on my debit card. I checked my transactions online and the total spending was indeed RM500 or more. Some were posted as MyDebit while others were posted as Mastercard transactions. Maybe that was the problem. I forwarded the records to the bank and still waiting for their response.

Anyone else having this problem?

The 1.2% apply to debit card as well? Thought only credit card is eligible

If you open account with ocbc al amin branch (islamic banking) then must use debit card to fulfill rm500 spending. Islamic branch do not have credit card.
If you open account with ocbc conventional branch, then must use their credit card instead.

I see. so the Islamic banking account will be 360-i account?

OCBC Al-Amin only offers islamic banking products, so can only open 360 Account-i. However, for conventional branches, they offer both conventional & islamic accounts, so both accounts can be opened there as well.

Yes.

hi.

yes i got my 4.1% for 360-i account for july (note im using islamic bank) by doing the following:

Deposit RM500

Use the debit card RM500

Transfer RM11 X 3 to different bank accounts (3 to maybank all different bank account no)



pix above is june when i did not meet the 'bill payment' criteria (as credit card bill payment apparently doesn't qualify after speaking to OCBC customer service)


pix above is july when i did as what i mentioned above in this post.

I do not know why the description for spending profit is different in june vs july .. but i am certain i did not earn the bill payment criteria in june because of credit card payments.

and in case any other forumer worried if you set 'goals' on OCBC online banking platformo it will affect you earning the interest. Answer is, it will not affect your interest when you set goals. So go ahead and set goals if it helps. I have earned my 4.1% setting goals + doing the above.

This month i will try to do a combo of online purchase + local spend for the debit card and will report back if online spending with debit card DOES NOT qualify. but it should based on my understanding..
happy earning 4.1%



This post has been edited by Tutuppintu: Aug 9 2017, 12:29 PM

as i live in small town, there are only that few merchants that let us use debit/credit card to pay for goods.

below what showed up in mine for july spending


this month august.. i have a different description on my statement when i made a purchase with debit card.. i will report back IF it doesn't qualify

Thanks for sharing. Both online & offline spend for the debit card are counted for the total debit card spend. My issue has been resolved by the bank. The dept. doing the calculation calculated the total wrongly, it seemed. I was initially told that my spending was only roughly half the required amount. I don't know how they managed to get that amount, I guess maybe they calculated the MyDebit & DC entries separately. Hope they have resolved the issue & this won't happen again in subsequent months. So, do check the bonus interest to ensure that the amount is correct.

This savings account offers one of the highest interest. I wonder how come it is not popular.

if its too popular, the rate will goes down yo

Haha.. true too.