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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 Jun 5 2020, 10:03 AM

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QUOTE(7498 @ Jun 5 2020, 09:59 AM)
Hi, I am new to this account. Would like to ask, to be qualified of the 2% deposit bonus interest, I need to deposit min 3k fresh fund into this account every month?

Since I don't have 3k savings per month, can I deposit 10k the first month, end of first month I withdraw 3k and deposit back in the 2nd month to get the 2% bonus interest in 2nd month?
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Would like to ask, to be qualified of the 2% deposit bonus interest, I need to deposit min 3k fresh fund into this account every month?
Yes, min RM 3k as in FF from other banks

Since I don't have 3k savings per month, can I deposit 10k the first month, end of first month I withdraw 3k and deposit back in the 2nd month to get the 2% bonus interest in 2nd month?
Yes, ensure that the RM 3k comes from other banks as FF
7498
post Jun 5 2020, 10:08 AM

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QUOTE(GrumpyNooby @ Jun 5 2020, 10:03 AM)
Would like to ask, to be qualified of the 2% deposit bonus interest, I need to deposit min 3k fresh fund into this account every month?
Yes, min RM 3k as in FF from other banks

Since I don't have 3k savings per month, can I deposit 10k the first month, end of first month I withdraw 3k and deposit back in the 2nd month to get the 2% bonus interest in 2nd month?
Yes, ensure that the RM 3k comes from other banks as FF
*
Okay, thanks for answering my queries notworthy.gif
tiramisu83
post Jun 5 2020, 10:41 PM

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hi all, is the daily interest credit into account everyday or only credit at the end of the month in one shot?
GrumpyNooby
post Jun 5 2020, 10:43 PM

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QUOTE(tiramisu83 @ Jun 5 2020, 10:41 PM)
hi all, is the daily interest credit into account everyday or only credit at the end of the month in one shot?
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user posted image

Refer to the table to understand when each category of interest will be credited into account.
tiramisu83
post Jun 5 2020, 10:46 PM

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QUOTE(GrumpyNooby @ Jun 5 2020, 10:43 PM)
user posted image

Refer to the table to understand when each category of interest will be credited into account.
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thanks for this explanation!
tiramisu83
post Jun 5 2020, 10:49 PM

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QUOTE(gold_mine99 @ Jun 2 2020, 08:45 PM)
Yes, you need to walk-in. I tried to appointment online previously, waited 2 months but no 1 call me and i manage to walk in open account before MCO.

for CC application i think there is some cooldown period (diff bank might differ length).
eg. apply on March get reject will have cooldown 3 months (any application before July will auto rejected)
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I register online then someone from SCB called me. Fill up form and email back, all settle within 2 working days! Super fast, if you interested open an PSA account, pm me and i can pass you the manager number.
gold_mine99
post Jun 6 2020, 04:41 PM

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QUOTE(tiramisu83 @ Jun 5 2020, 10:49 PM)
I register online then someone from SCB called me. Fill up form and email back, all settle within 2 working days! Super fast, if you interested open an PSA account, pm me and i can pass you the manager number.
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im register for Penang branch, i guess is Penang branch short-handed
wyh
post Jun 6 2020, 10:59 PM

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QUOTE(gold_mine99 @ Jun 6 2020, 04:41 PM)
im register for Penang branch, i guess is Penang branch short-handed
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same... i didnt not get a contact from them since a week registering already
cclim2011
post Jun 7 2020, 01:11 AM

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QUOTE(GrumpyNooby @ Jun 5 2020, 10:03 AM)
Would like to ask, to be qualified of the 2% deposit bonus interest, I need to deposit min 3k fresh fund into this account every month?
Yes, min RM 3k as in FF from other banks

Since I don't have 3k savings per month, can I deposit 10k the first month, end of first month I withdraw 3k and deposit back in the 2nd month to get the 2% bonus interest in 2nd month?
Yes, ensure that the RM 3k comes from other banks as FF
*
FF = fresh fund? if come from other bank, under what condition it is not considered FF? Within same day? Thanks.
GrumpyNooby
post Jun 7 2020, 08:04 AM

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QUOTE(cclim2011 @ Jun 7 2020, 01:11 AM)
FF = fresh fund? if come from other bank, under what condition it is not considered FF? Within same day? Thanks.
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If you transferred within accounts under SC and SC Saadiq, it is not considered as fresh fund.
Alternatively, you can make a single deposit of RM 3k with cash at SC or SC Saadiq branches OTC or using CDM/CRM.
That will be counted as FF.

This post has been edited by GrumpyNooby: Jun 7 2020, 08:33 AM
cclim2011
post Jun 7 2020, 12:39 PM

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QUOTE(GrumpyNooby @ Jun 7 2020, 08:04 AM)
If you transferred within accounts under SC and SC Saadiq, it is not considered as fresh fund.
Alternatively, you can make a single deposit of RM 3k with cash at SC or SC Saadiq branches OTC or using CDM/CRM.
That will be counted as FF.
*
alright got it. thanks. at least 1-time min 3k from other banks or via cdm (and recorded) anytime within the month. the word fresh is a lil confusing haha.
Anangie
post Jun 13 2020, 11:28 AM

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For 2% of deposit bonus interest, could i ibg from other bank rm3k and withdraw back to the bank on the same time? Will it still qualify?
zenquix
post Jun 13 2020, 03:38 PM

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QUOTE(Anangie @ Jun 13 2020, 11:28 AM)
For 2% of deposit bonus interest, could i ibg from other bank rm3k and withdraw back to the bank on the same time? Will it still qualify?
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should be ok altho to be fair i have never done it, and i would not necessarily recommend u do it on the same day..

what i would normally suggest is you transfer 3k in near your credit card due date, pay the statement, then transfer out the remaining amount
datolee32
post Jun 13 2020, 04:26 PM

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Hi, I would like to ask about monthly average balance calculation. If i deposit RM 1k at 11pm tonight, interest from RM1k count today or tomorrow?
Anangie
post Jun 13 2020, 04:26 PM

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QUOTE(zenquix @ Jun 13 2020, 03:38 PM)
should be ok altho to be fair i have never done it, and i would not necessarily recommend u do it on the same day..

what i would normally suggest is you transfer 3k in near your credit card due date, pay the statement, then transfer out the remaining amount
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I have performed the credit card payment last month. PSA account money was deducted but found that the money is not credited into cr card on same day.
GrumpyNooby
post Jun 13 2020, 04:35 PM

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QUOTE(datolee32 @ Jun 13 2020, 04:26 PM)
Hi, I would like to ask about monthly average balance calculation. If i deposit RM 1k at 11pm tonight, interest from RM1k count today or tomorrow?
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Should be today.
Somebody mentioned that the cut off time of the day is midnight strike.
datolee32
post Jun 13 2020, 04:41 PM

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QUOTE(GrumpyNooby @ Jun 13 2020, 04:35 PM)
Should be today.
Somebody mentioned that the cut off time of the day is midnight strike.
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I see, thank you very much. biggrin.gif
GrumpyNooby
post Jun 13 2020, 04:42 PM

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QUOTE(Anangie @ Jun 13 2020, 04:26 PM)
I have performed the credit card payment last month. PSA account money was deducted but found that the money is not credited into cr card on same day.
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But you credit card credit limit will be updated once the payment has made from your PSA account? hmm.gif
Anangie
post Jun 13 2020, 04:46 PM

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QUOTE(GrumpyNooby @ Jun 13 2020, 04:42 PM)
But you credit card credit limit will be updated once the payment has made from your PSA account?  hmm.gif
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I did not checked on credit card limit. As i perform future date payment (which is on credit card due date) and i checked on that day, found that the payment yet credited into cc, the payment was only reflected after that, but not in same day.
GrumpyNooby
post Jun 13 2020, 04:48 PM

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QUOTE(Anangie @ Jun 13 2020, 04:46 PM)
I did not checked on credit card limit. As i perform future date payment (which is on credit card due date) and i checked on that day, found that the payment yet credited into cc, the payment was only reflected after that, but not in same day.
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I believe so.
If I remember correctly, even you pay using Instant Fund Transfer/DuitNow from other bank, the online ledger isn't updated immediately right?
But your credit limit will be reflected after payment made.

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