Debit card attached to OCBC 360 / 360-i counts as their "Spend" bonus. No need to apply CC if you don't feel OCBC CC worth it LOL

Debit Card
The 360 Account must be tagged as the Fast Cash account for the debit card.
The joint accountholder’s debit card spending is recognised (but must be tagged to the same OCBC 360 account as the Fast Cash account).
Only net retail spending posted within the same calendar month will be eligible.



This post has been edited by DragonReine: Jan 18 2021, 04:41 PM

Only if you cancel the card. You need to check if it's possible

However if you use online account I don't think you have a choice, need to keep card.

1) Secondary account holder cannot use their CC to get Spend bonus, as per OCBC 360 info page: https://www.ocbc.com.my/personal-banking/accounts/360/#divd3

You and your wife jointly open a 360 Account
You are the primary accountholder
You and your wife are Principal credit cardholders

✅Only Credit card spend by you (primary accountholder) and your son (supplement CC from your CC) will be recognised
❌Credit card spend by your wife (secondary accountholder) will not be recognised





however OCBC Malaysia have not been accepting any new credit card applications from last year's MCO (see #3)

2) Yes, through Transfer Funds > Other Bank's Account > Credit Card Payment. Qualify for "Bill" bonus.

3) OCBC based in Malaysia actually not accepting new-to-bank credit card applications for now, last I checked (December 2020), so if you want the Spend bonus you need to get Debit+ATM card. They might have changed policies recently but I would note that I've received zero advertising material for credit cards, so they're most likely still not accepting new application. You may enquire their branch/hotline to check.

ok for me wor just around noon...

OCBC transactions need "One Token" which requires you to have registered phone device on hand to get token. It's not tied to phone number so it's not easy to get as TAC.

The point is that if someone who uses unregistered device or website (someone with access to your password n username) tries to use your account using ur password n username, without your registered phone they cannot get one token.

PBB still need OTP via SMS if use website, dunno about HSBC.

it's a small but strong added layer of security equivalent to needing a physical key

This post has been edited by DragonReine: Mar 30 2021, 11:10 AM

yea that's the risk which in practice not quite as successful (which is why scammers still need to trick ppl into revealing TAC), it's possible

I guess I'm lucky one, my bonus still x3 😅😅

No, won't be eligible. Because it's same loan account it'll be counted as one bill payment even though you send money multiple times.

They're quite specific about needing 3 different bills. Your idea is even listed as an example of "will be deemed as one Bill Payment"

Multiple payments within the calendar month to the same merchant/payee/account/billing organization shall be deemed as one Bill Payment. For example:
(a) multiple payments to the same home loan facility account; or
(b) multiple payments to the same participating billing organisation, unless each payment is uniquely identified to a different
account; or
© multiple payments to the same account with any bank or financing institution.

You can read the TnC properly in the attached PDF lol

This post has been edited by DragonReine: Apr 2 2021, 06:48 PM


Attached File(s)
 360_Account_TnC_ENG.pdf ( 264.69k ) Number of downloads: 6

Still processing kot, they say they'll be manually crediting in to affected accounts by 15 Apr

Base interest is constant irregardless of minimum balance, calculated based on monthly average balance.

1) Are you going to use OCBC 360 actively as a regular savings account? Then OCBC 360 is, for the moment, the better cboice.

If your goal is to save and forget about it, you don't want to touch the account at all, then use StashAway Simple/Versa.

OCBC 360 is better only if you're able to hit the bonus interest rate, which means you must actively spend minimum RM500 per month using the debit card, deposit minimum RM500 per month, and pay 3 bills per month. The moment you miss one of these bonus tiers, your interest rate for that calendar month will be affected.

2) Is liquidity important (i.e. how quick you want to withdraw money in case of emergencies)? OCBC is instant assess since you can assess the money via any MEPS ATM/online banking/DuitNow/MasterCard function on debit card. StashAway Simple takes at least 3 business days to withdraw from StashAway to your banking account, while money is sitting in StashAway Simple you cannot use the money at all to pay bills etc.

No, must make use of the 16 digit number on card (i.e. the MasterCard function) of debit card.

Easiest way is to use it to reload RM500 in one go to your ewallet like Grab, Touch-n-Go, ShopeePay etc. and use ewallet for daily expenses, and/or use credit/debit card standing instruction for monthly insurance premium payment.

This post has been edited by DragonReine: Apr 19 2021, 03:11 PM

Interest are calculated based on monthly average balance, so the cycle starts every 1st day of the month and ends every last day of the month.

All bonuses are applicable to the WHOLE MONTH as long as your eligible transactions are posted (i.e. reflected in your balance and statement) within that month to fulfill the criteria.

You may check the illustrated examples in the OCBC 360 product information document (attached PDF) to see how it's calculated.

This post has been edited by DragonReine: Apr 25 2021, 04:03 PM


Attached File(s)
 360_Account_PIS_ENG.pdf ( 488.37k ) Number of downloads: 7

Yep, use Transfer Funds -> Other Bank -> Credit Card.

yeah I like how OCBC if u saved many favourite bills/accounts you can do sekali

Might be error, last month got problem with bonus payment also, can call/email CS and see.

By letter of law and cardmember agreement, bank can terminate relationship with cardmember without assigning reason. https://www.ocbc.com.my/personal-banking/Ca...reement_BI.html

Unfortunately laws and agreements are intended to protect banks from the possibility of being used for money laundering/fraud and from defaulters, so cases like yours which your card spending greatly exceeds bank's assessment of your repayment capability based on your actual lawful declared income, banks can just cut the relationship if they don't feel you're a "safe" customer.

To you, you trust your family/friends will repay you, but from banks biz perspective, the source of funds cannot be verified as "yours", and in the event you default and unable to pay your card, they cannot guarantee that they'll be able to retrieve your funds (and they also cannot check whether your friends/family source of funds is legally earned), so sounds like in this case bank decided to take the conservative route and cut ties.

Businesses like banks operate on "better safe than sorry", so you "let card shared by 6 people's spending" is going against most credit card agreements that your card is for your exclusive use LOL

This post has been edited by DragonReine: Sep 14 2021, 06:45 PM

This is bullcrap and reportable for violation of conduct/ethics code to BNM. Access to savings/current account is a basic right, banks cannot enforce the need to apply credit facility/insurance scheme before opening a cash account.

The only way that they can deny you is if they suspect you're involved in criminal activity.

This is part of KYC process to prevent criminal activity. They didn't deny you say cannot open account at all, just that you need additional proof of living/working in the area near branch.

What's not ethical is saying cannot open account unless take up credit facility.

This one maybe branch own policy to drive sales for credit card/loan, but certainly not something banks' HQ would enforce like this

Anyway should move discussion of other banks' accounts to different thread. https://forum.lowyat.net/topic/4439367

This post has been edited by DragonReine: Nov 8 2021, 12:52 PM