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> OCBC 360 Savings Account - Up to 4.1% Interest !, Get higher interest on your savings acct

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ProxMatoR
post May 18 2018, 02:48 PM

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QUOTE(paogeh @ May 17 2018, 11:02 PM)
The 3 transaction per month,
Pay bill  --- Must go through JomPay ?
IBG/instant transfer considered ? 
Since i failed to get the credit card .
I need to spend through debit card .....
Just swipe RM500 would do , rigfht ?

thank you
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no, it is bill payment, not jompay nor IBG/IT. there is a list of billers that you can choose of.

is using debit card spending 500 to earn 1.2% has more earning than using your cash back credit card?


ProxMatoR
post May 18 2018, 08:08 PM

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QUOTE(vrek @ May 18 2018, 04:32 PM)
Using credit card RM500, let's say 5% cashback = RM25.
But if the person has RM80,000, the 1.2% = RM80
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yeah, that's right. but with that amount, there are chances that person will put it into FD for better rate?

that's why i'm asking if that's higher return thumbup.gif

This post has been edited by ProxMatoR: May 18 2018, 08:09 PM
ProxMatoR
post Jul 16 2018, 10:50 AM

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QUOTE(Ryaness @ Jul 16 2018, 04:46 AM)
May I ask if I did 3 ibg to my own bank account in different bank, is it considered fulfil the playbill criteria? And how much is the ibg fee now?
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pay bill and IBG is different category. so, nope, its not considered...
ProxMatoR
post Jul 27 2018, 09:29 PM

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QUOTE(perplexedstill @ Jul 26 2018, 10:22 PM)
Hi, i still confuse about this. Let's say if i only done deposit RM500, pay 3 bills and spend RM500 on 25th that month, mean i only get 4.1% interests for 5/6 days? (25th - 30/31th)
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nope, it is for whole month. wink.gif

btw, the interest is calculated based on averaged daily balance, not daily count

This post has been edited by ProxMatoR: Jul 27 2018, 09:30 PM
ProxMatoR
post Aug 4 2018, 11:19 AM

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QUOTE(kimi28laren @ Aug 3 2018, 11:48 AM)
In addition to bill payment criteria (statement #2), payment for OCBC credit card using OCBC 360 consider as 1 transaction.

In case you cannot make 3 bill transactions for the month, you can split one of the bills into 2 transactions.
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iirc, same bill with multiple transaction still considered 1 hmm.gif
ProxMatoR
post Aug 6 2018, 10:52 AM

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QUOTE(kimi28laren @ Aug 5 2018, 09:42 PM)
Actually done 2 transactions on CC payment to make total 3 transactions. Still got the 1.2%. But that was quite some time ago.
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this is interesting... haha, just checked with the T&C:

Multiple payments within the calendar month bearing the same reference will be deemed as one Bill Payment. For example:
(i) multiple payments to the same OCBC home loan facility account; or
(ii) multiple payments to the same participating billing organisation, unless each payment is uniquely identified to a different account; or
(iii) multiple payments to the same account with any bank or financing institution.
OCBC Bank’s decisions as to whether any 2 or more payments shall collectively be deemed as one Bill Payment shall be final, conclusive and binding on all parties concerned.

maybe they updated new T&C after spotted many people did same as you haha

or maybe because your 2 transactions are pretty far apart? so the keyword "whether" kicked in... hahaha
ProxMatoR
post Aug 7 2018, 12:18 PM

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QUOTE(kimi28laren @ Aug 6 2018, 09:44 PM)
Probably... Hahaha

Now many options to make bill payment, so i'm not worried already
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haha, closed 1 door, but opened more doors for you rclxms.gif rclxms.gif
ProxMatoR
post Aug 29 2018, 12:24 PM

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QUOTE(perplexedstill @ Aug 27 2018, 11:20 PM)
If i use it to pay my credit cards 3 times per month, consider as 3 Bill Payments or 1 only?
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well, their T&C said this:

QUOTE(ProxMatoR @ Aug 6 2018, 10:52 AM)
this is interesting... haha, just checked with the T&C:

Multiple payments within the calendar month bearing the same reference will be deemed as one Bill Payment. For example:
(i) multiple payments to the same OCBC home loan facility account; or
(ii) multiple payments to the same participating billing organisation, unless each payment is uniquely identified to a different account; or
(iii) multiple payments to the same account with any bank or financing institution.
OCBC Bank’s decisions as to whether any 2 or more payments shall collectively be deemed as one Bill Payment shall be final, conclusive and binding on all parties concerned.

maybe they updated new T&C after spotted many people did same as you haha

or maybe because your 2 transactions are pretty far apart? so the keyword "whether" kicked in... hahaha
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try your luck. there is 1 here said managed to consider as different bill, but was quite sometime ago
ProxMatoR
post Mar 19 2019, 11:49 PM

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QUOTE(hakkai0810 @ Mar 17 2019, 11:47 AM)
any1 know if reload boost RM500 with the debit card consider spending as well? thanks
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QUOTE(LostAndFound @ Mar 19 2019, 08:18 AM)
This is inaccurate, OCBC debit card spend doesn't say must be online. So reload boost should be no issue, with or without OTP (Boost got no OTP).
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QUOTE(vrek @ Mar 19 2019, 11:45 AM)
Agree. Check your OCBC statement. As long as transaction is listed as "SA BANDCARD PAY (DC)", then it is considered as spending.
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debit card RM500 is on any spending, as long as is payment NOT withdrawal, it is considered.

thumbsup.gif
ProxMatoR
post Apr 2 2019, 10:53 PM

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QUOTE(AskarPerang @ Apr 2 2019, 10:34 AM)
I receive 2 X 1.2% also but is due to spending RM500 last week on 29 Mac (Fri) but transaction recorded only today (02 Apr).  doh.gif
That is the reason of the lacking of another 1.2%. Rugi RM8++.
Lesson learn. Not to do thing last minute next time.
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damn it. I also kena the same freaking issue too. in the past, it never get recorded so late after. I wonder what changed at backend......

and I do wonder, in this case, that means I don't need to spend 500 this month then? since posted today....
ProxMatoR
post Apr 7 2019, 12:55 AM

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QUOTE(PokemonManiac @ Apr 6 2019, 06:44 PM)
Any shifu here know about this? Whether the spend 500 using debit card for one of the criteria of 1.2%. Is use the rm500 1st day of the month and let's say 28th of the month get same interest? Hope enlighten. 😁
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please do note the RM500 spending is based on POSTING date, not transaction date.

for interest rate is calculated on average. so definitely the deduction of RM500 the later it is, the more interest you can get, as your average daily balance will be slightly more.


QUOTE(Vector88 @ Apr 6 2019, 07:12 PM)
Is Direct Debit (eg: Astro direct debit to OCBC credit card every mth) counted as credit card usage?
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have you checked the T&C?
ProxMatoR
post May 30 2019, 07:22 PM

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QUOTE(majorarmstrong @ May 30 2019, 04:54 PM)
hi - i am new here
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hello welcome
rclxms.gif
ProxMatoR
post May 31 2019, 12:14 PM

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QUOTE(majorarmstrong @ May 31 2019, 11:42 AM)
ok noted, let me do that as today is the last day to do it
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if you want to, you can try with different description.

I did try before, but is on different days....

or to be safe, ask your friend or relative.... transfer any amount whistling.gif lol.gif

This post has been edited by ProxMatoR: May 31 2019, 12:17 PM
ProxMatoR
post Jun 1 2019, 01:36 AM

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QUOTE(majorarmstrong @ May 31 2019, 10:22 PM)
if anyone is lacking of account and want to transfer RM1 to me in order to meet the criteria PM me for my Maybank Account Number... hahaahahaha

jusst joking - dont be too serious ok
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no worries... I will transfer 0.01 to you devil.gif devil.gif devil.gif
ProxMatoR
post Jun 7 2019, 12:50 PM

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QUOTE(Nicholasng925 @ Jun 7 2019, 11:08 AM)
3 times transfers to 1 single bank account are counted as 3 transactions, it worked for my case.
I earned the cashback for May.
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within same day or not, is the question cool2.gif

and if within same day, and subject to bank decision.. if they deem that 3 transactions shall as 1, then it is 1... sweat.gif
ProxMatoR
post Jun 30 2019, 12:54 PM

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QUOTE(Ancient-XinG- @ Jun 30 2019, 11:48 AM)
Anyone here know about Citibank acceleration saving account?

Seems like conditional but higher interest than 4.1
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higher rate, but 4.38% is only on your incremental AVERAGED BALANCE...

so if you have already 30k inside, you added extra 10k this month and leave inside for whole month, your this new 10k gets 4.38%, not towards total RM40k.
ProxMatoR
post Jun 30 2019, 01:16 PM

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QUOTE(koala225 @ Jun 30 2019, 01:11 PM)
standard chartered promo only until 31 December 19. I asked cs what happened after that, they are not having any info yet. so better stick with ocbc
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I believe that's just a standard term used by SCB, where T&C states till end of this year... so they can change heavily if they want to next year...

but if they got good responds, I think they will keep it...

just like what they did end of last year, the extended it to end of this year...
ProxMatoR
post Jun 30 2019, 01:23 PM

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QUOTE(koala225 @ Jun 30 2019, 01:21 PM)
I'm not sure about this. But I'm having bad experience of their esaver account after account opening few years back. After few months the interest drop to 0.x  wasting my time.
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I believe that's because they started to push this privilege saver account since 2016....

just guessing...

at least you have few months of interest earned, not as bad as just 1 month. sweat.gif

after all, this OCBC 360 is still steady all these while, just till recent change on interest rate calculation without affecting the final 4.1%
ProxMatoR
post Jun 30 2019, 01:57 PM

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QUOTE(koala225 @ Jun 30 2019, 01:51 PM)
I'm still thinking whether to get 360 or booster account with ocbc. My concern of 360 if i failed to fulfil either 1 the interest rate get lower than booster. Concern of booster, if BNM lower opr rate the base rate will be lower since it reduce from 3.25% to 3%. Not much affect to 360 because 360 base rate is low.
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to fulfil it, it can be easily done by just performing all the "needs" by beginning of every month, within same day. so you can put it aside for the rest of every month thumbsup.gif

in terms of the eligible "needs", if there is changes, high likely will be reported here, and we will know icon_idea.gif

This post has been edited by ProxMatoR: Jun 30 2019, 01:58 PM
ProxMatoR
post Jun 30 2019, 02:03 PM

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QUOTE(koala225 @ Jun 30 2019, 02:01 PM)
Is that pay other banks credit card via ift count as bill payment?  or I have to pay utility bills / ift to other bank account to fulfill?
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try search "bill payment", you will get the answer thumbsup.gif

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