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Banking Privilege$aver by Standard Chartered, up to 4.75%, Seems like so few people talk about it

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GrumpyNooby
post Mar 9 2020, 07:40 AM

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QUOTE(kart @ Mar 9 2020, 07:38 AM)
Thank you for your reply, GrumpyNooby. smile.gif Sigh, that is just too bad.
Since I am not interested at all in card spend interest of 1.5%, my sole focus is just Save Interest of 2%.
I believe that the annual fee of SC debit card is RM 8.00. And, I only intend to keep less than RM 1000 in Privilege$aver savings account. If I have anymore disposable income, I will just keep in ASNB, or invest it.
If my intended balance in Privilege$aver savings account is less than RM 1000, Save Interest of 2% and the base interest of 0.5% are inadequate to offset the annual fee of SC debit card of RM 8.00.
Note that I already have access to SC online banking website, since I have JustOne Personal Savings and Current Account, without SC Debit Card.
Sigh, maybe Privilege$aver savings account is not suitable for me. sad.gif
*
At first I was excited like you for not having the debit card.
Then I asked my banker to double check with her team superior.
Her superior had called the HQ in KL and they said having a debit card is necessary.
Some in here said that AF for the debit card is FOC for first year.

This post has been edited by GrumpyNooby: Mar 9 2020, 07:41 AM
GrumpyNooby
post Mar 9 2020, 06:12 PM

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QUOTE(paogeh @ Mar 9 2020, 06:09 PM)
to get the 2% + 2% ....
i need to :
1. spend RM1000  credit card
2. fresh fund of RM3500 monthly.

need to go to branch to open ?
or can do ONLINE ?
planning to transfer from OCBC-360 , current = 3.6% .
*
If you have SC credit cards, you can do at the booth with a qualified bank staff if there's (not CC agent).
GrumpyNooby
post Mar 9 2020, 09:05 PM

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QUOTE(Sumofwhich @ Mar 9 2020, 09:01 PM)
Extra amount after 100k in SC Privilege Savers Account is 2.5%, correct?
This is much higher than the after 100k in OCBC 360 which is only 0.1%, am I right on the 0.1%?

So if greater than 200k the balance I will be better off putting in SCB PSA.
Just temporarily stash in SCB and OCBC before transferring it out on last few days of March to 1st of April
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user posted image
https://av.sc.com/my/content/docs/my-revise...er-campaign.pdf

Isn't the base interest for PSA itself of 0.5% is still higher than 360 base interest of 0.1%?

This post has been edited by GrumpyNooby: Mar 9 2020, 09:06 PM
GrumpyNooby
post Mar 9 2020, 09:17 PM

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QUOTE(Sumofwhich @ Mar 9 2020, 09:13 PM)
Ohh for PSA, more than 100k, the interest is only 0.5% instead of 0.5%+2.0%?
Thanks
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2.5%
No cap for Deposit/Save Bonus.

This post has been edited by GrumpyNooby: Mar 9 2020, 09:17 PM
GrumpyNooby
post Mar 10 2020, 08:25 AM

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QUOTE(jiaen0509 @ Mar 10 2020, 08:21 AM)
I open new account last year. Just need to ATM set password etc after take the card.

Then only transfer online to the account.

You can bring maybe RM250 Cash if want be safe.
*
ATM/Debit Card PIN can now be set online; either via SC portal or app.

This post has been edited by GrumpyNooby: Mar 10 2020, 08:30 AM
GrumpyNooby
post Mar 10 2020, 10:53 AM

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QUOTE(avinlim @ Mar 10 2020, 10:50 AM)
3k fresh fund? means cannot do deposit and transfer method?? every month need 3k increment only can get the 2%
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10. “Fresh Funds” means funds which do not originate from any accounts held with the SCBMB or SCSB

https://av.sc.com/my/content/docs/my-revise...er-campaign.pdf
GrumpyNooby
post Mar 10 2020, 11:29 AM

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I'm wondering why is the usage of the attached TnC.
Nobody bothers to read the document.
GrumpyNooby
post Mar 11 2020, 08:50 AM

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QUOTE(avinlim @ Mar 11 2020, 08:28 AM)
Noted! As long as transfer 3k from other bank.

Just reading the T&C,

3k deposit = 2%

1k spend = 1.5%

so total is 3.5% NOW, correct me if wrong.
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You forgotten the base interest of 0.5%
What you added is just the bonus interest upon fulfillment of the criteria.
GrumpyNooby
post Mar 11 2020, 05:15 PM

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QUOTE(avinlim @ Mar 11 2020, 05:13 PM)
I see. tqtq.

Is there any option to open account online? lazy go out to bank. held SC job CC
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As said earlier you still need to do biometric verification with your NRIC.
Go find those qualified bank staff at the booth in the malls.

This post has been edited by GrumpyNooby: Mar 11 2020, 05:15 PM
GrumpyNooby
post Mar 12 2020, 01:30 PM

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QUOTE(ckh6003 @ Mar 12 2020, 01:10 PM)
SCB branch is very far from my location.
At the end I opened the a/c through my friend.
Bersyukurlah  smile.gif
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Your friend is a banker from SC?
GrumpyNooby
post Mar 13 2020, 08:41 AM

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QUOTE(avinlim @ Mar 13 2020, 08:34 AM)
Is the account name called : Standard Chartered Privilege$aver ?

Gonna go open next week.
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Yes.
They're aggressively promoting it.
You can see posters and pamphlets at the booth.
GrumpyNooby
post Mar 13 2020, 09:27 AM

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QUOTE(!@#$%^ @ Mar 13 2020, 09:23 AM)
ya meh. im in melaka and there's only one SC. the officer ask me why I want to open cus I stay quite far away from the branch. lol, not that she doesn't allow but silly question. nowadays all online.
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There're two types of booths in the malls.
One is opened by SC bankers and the other is opened by SC credit card agents.

GrumpyNooby
post Mar 13 2020, 09:33 AM

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QUOTE(!@#$%^ @ Mar 13 2020, 09:31 AM)
how to know which is which? so far I haven't come across booth promoting privilege savers
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That's why the posters at the booth will tell you.
Booth with PSA posters are definitely managed by SC bankers.
SC credit agents (mostly 3rd party) are not allowed to product banking products.
GrumpyNooby
post Mar 20 2020, 05:23 PM

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QUOTE(David_Yang @ Mar 20 2020, 03:42 PM)
yes, on the liverpool card the numbers are almost unreadable  biggrin.gif
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I agreed on this! dry.gif
GrumpyNooby
post Mar 21 2020, 08:22 PM

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QUOTE(ckh6003 @ Mar 21 2020, 08:17 PM)
SC sent me Liverpool debit card too.
really difficult to read it 😅

may i know you guy's debit card got printed name on the card ?
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Yes, as per NRIC.
GrumpyNooby
post Mar 21 2020, 08:25 PM

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QUOTE(!@#$%^ @ Mar 21 2020, 08:23 PM)
I open at bank, no name printed
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My debit card is delivered to my NRIC address.
GrumpyNooby
post Mar 25 2020, 04:00 PM

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QUOTE(bm_kia @ Mar 25 2020, 03:44 PM)
Should be FOC rite? I used before and the charges were credited the next day
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There's pre-condition to meet.

Customer who Deposit minimum RM1,500 fresh funds into the Promotion Account in one single transaction is also entitled to fee waivers on cash withdrawal transactions via MEPS and HOUSe ATMs. The fee reversal will be credited into Promotion Account at end of the month.

https://av.sc.com/my/content/docs/my-revise...er-campaign.pdf
GrumpyNooby
post Mar 25 2020, 09:42 PM

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Temporary changes to Contact Centre services

Dear Client,

In view of the evolving Novel Coronavirus (COVID-19) situation, here are some updates on the services provided by our Contact Centre after hours to ensure that urgent requests can be attended to.Our Contact Centre will be offering full services as per the usual timing from 8:00am to 8:00pm.

However, please note that only the following services will be available daily from 8:00pm to 8:00am:

1. Assistance on Online Banking and SC Mobile
2. Reporting of lost / stolen cards
3. Reporting of fraudulent transaction or transaction dispute
4. Request for emergency temporary limit increase

Source: Mailer

This post has been edited by GrumpyNooby: Mar 25 2020, 09:43 PM
GrumpyNooby
post Mar 26 2020, 08:57 AM

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QUOTE(zenquix @ Mar 25 2020, 11:34 PM)
which easily met by anyone seriously trying to hit 4% on PSA
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True but the fee reversal will be credited into Promotion Account at end of the month.
GrumpyNooby
post Mar 26 2020, 01:29 PM

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Notification of Printed Paper Statements

Due to the Movement Control Order (MCO) announced by the Government, the printing of statements will be delayed. Normal service will resume upon the lifting of the MCO. Please expect delays in receiving your statement.

For Current Account, Savings Account and Credit Card customers, you can register for online banking in order to view your statements online.
Click here to learn more.

If you require any assistance, please do not hesitate to contact our client care centre at 1300 888 888 or +603 7711 8888 (if you are calling from overseas).

https://av.sc.com/my/content/docs/my-notifi...-statements.pdf

Revision of Investment Transaction Cut-off Time during Movement Control Order (MCO)

Thank you for entrusting your wealth and continue to bank with us. We are working hard to ensure all our services are available to you during the MCO with minimal disruption. All our branches will remain open under the revised operating hours from 9.30am to 3.00pm, Monday to Friday as safety measures to ensure the well-being of our clients and staff.

In line with the above move to work closely with the relevant authorities to reduce transmission risk, the Unit Trust Investment transaction cut-off time will also be revised accordingly. All duly completed unit trust transaction instruction(s) received on or before 11.00am will be process on the same Business Day. Submission after 11.00am will be processed the next Business Day. This will commence with effect from 25 March 2020 to 14 April 2020.

As precautionary measures, we encourage you to try our investment phone transaction capabilities or SC Mobile App where selected investment capabilities are conveniently available.

Should you require any assistance or clarification, please reach out to your respective Relationship Manager. Rest assured, additional precautionary measures are in place to safeguard your health when you visit us.

https://av.sc.com/my/content/docs/my-revisi...ut-off-time.pdf


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