Why i am staying with ocbc 360 for now my 15 hour work week. Whats our real cashback % from the ocbc 365 credit card. Maturity instructions have to be given to the bank 2 working days prior. Best savings accounts in singapore with the highest interest rates 2020. Please verify the status of all cheques to be stopped by using the cheque status inquiry service. Current accounts also often come with the issuing of a cheque book and allow for unlimited. Besides the account opening form, you would also need. Finally, we are now left with the 3 local stalwarts. Unless youve been hiding under a rock, you would have heard by now that by 1 may 2015, the bonus interest rates for the ocbc 360 account have been lowered. When you signed up for internet banking, we gave you an access code made up of numbers. The account comes with estatements and you can choose to have. Revised interest rates for ocbc 360 savings account from may 2020.
Mar 02, 2017 for the 2 nd time in less than 2 years, ocbc will be revising its interest rate for its popular ocbc 360 savings account. Apr 05, 2015 most of ocbc 360 account holders would have heard about the news by now. Ever since then, the ocbc 360 account has been given a refresh and other banks have. Each eligible customer may only open one ocbc 360 account, whether in own name or in joint names. Looking to open a new savings account, youve come to the right place. What ocbc 360 account holders should be doing after the. Enter your new access code which should have 6 to 14 letters andor numbers. The account comes with estatements and you can choose to have a cheque book. The base interest rate per annum for ocbc 360 savings account is 0. Programs such as ocbc 360, boc smartsaver and uob one can have standalone components e.
Cheque and save account standard chartered singapore. Ocbc 360 account is open to individuals of age 18 years. High interest savings accounts ocbc 360 account ocbc bank. Mar, 2016 programs such as ocbc 360, boc smartsaver and uob one can have standalone components e. Ocbc announced changes to its bonus interest on the 360 account last week. Mar 02, 2017 haha, im staying with the ocbc 360 bank account as well. I know some ocbc 360 account holders prefer the much cooler frank card but i am curious if. However, there have been improvements to the wealth bonus, which involves getting insurance or investments through ocbc. On the months you do less of the required transactions, you will earn less bonus interest. And when paired together with the ocbc 360 account click here and here to find out more, the ocbc 365 credit card is part of a great package provided by ocbc. This is a guide on how to check ocbc account number with internet banking.
The finance admin of li xiangs freelance job contacted her saying that here ocbc account number is invalid. However, this does not end my nightmare until recently nov 2016. The combined total dividend credits in that joint account will be recognised under the individual multiplier accounts. As a new expat in singapore, youve got probably got a long todo list which might or might not include figuring out how to gain access to marina bay sands infinity pool, checking out the zoo.
May 04, 2015 ocbc announced changes to its bonus interest on the 360 account last week. Personal account cheque book request form ocbc bank. Which banks saving account offers the best interest rate. Having written extensively about the ocbc 360 in the past, and even describing it back in early 2015 as one of the easiest way to get richer without putting in effort, its fair to say that things have now changed significantly.
The above comparison is why i plan to use uob one as my primary account now. Ocbc does not make unsolicited requests for your personal information through email or on phone unless you have initiated the contact. Since then, more than 20% of ocbc 360 accounts have been applied for remotely on a mobile device or desktop, with account approvals taking up to three days. Uob one account which in my opinion, are inferior of. One of the easiest ways to get richer without putting in much effort has just become a little more difficult. Mar 06, 2017 heres a quick summary of the change to the ocbc 360 account the amount of bonus interest you can earn from paying bills and credit card spending have also been reduced to 0. The tagline is that the the ocbc 360 account just got better, arising from the fact that you can now earn up to 3. Just login to internet banking, go to top menu, select customer service change access code.
Summary of changes to the ocbc 360 account effective 01. You can actually get a chequebook with the account, but its optional. Since most of you would already have heard the news, heres some food for thought to consider before running to the nearest ocbc branch to angrily. Cheque book s will be delivered to your account mailing address via normal mail in 5 working days. Ocbc advises that for a nonsingaporean who does not have a valid work permit, employment pass or student pass, he she is still eligible to open a deposit accounts with ocbc bank in singapore. Ever since then, the ocbc 360 account has been given a refresh and other banks have started launching competing products e. Apr 07, 2015 unless youve been hiding under a rock, you would have heard by now that by 1 may 2015, the bonus interest rates for the ocbc 360 account have been lowered. Sep 21, 2014 took a quick look at ocbc 360 account and it seemed like a pretty good deposit account that pays an attractive interest amount, maximum of 3. Ocbc 360 account 25 may 2017 customer a deposits rm300,000 into his ocbc 360 account scenario b customer b has a total of rm1,000 in his ocbc 360 account as at 1 june 2017 2 june 2017 customer b spends a total of rm600 on purchases in a shopping mall using his ocbc bankcredit card average daily account balance for june 2017 a. You dont have to worry when traveling across the border either as they can benefit from free withdrawals at any atm in both singapore and malaysia. Ocbc bank malaysia berhad ocbc bank offers the ocbc 360 account, a savings account that rewards eligible customers defined below when they fulfil the requirements set out below, subject to the terms and conditions herein. You might have a hard time remembering your frank savings account number or your kids cda account number. Ocbc will begin charging its revised interest rates for the 360 savings account from 2 may 2020 onwards.
The changes will affect, all 6 categories of salary, spend, stepup, grow, boost and wealth bonus. Apr 06, 2014 yeah, i am talking about the ocbc 360 account. Haha, im staying with the ocbc 360 bank account as well. Ocbc account number format the finance admin of li xiangs freelance job contacted her saying that here ocbc account number is invalid. These are adhoc payments that you can just make payment there and then. Maximise your salary and savings in one account, and earn up to 3. No worries, just follow the steps below to look for it. But what makes your account tick right now is really the extra 1. Whats our real cashback % from the ocbc 365 credit card my. Bank of china smartsaver and ocbc 360 have both cut their bonus interests to 0. Now, with the myinfo integration and the banks real time ekyc process in the account opening journey. You are required to visit any of their singapore branches personally with your passport for the account opening. Open and instantly use an ocbc 360 account digitally. She said the account number suppose to have 9 digits excluding first 3 digit branch code and dashes whereas hers only have 7.
I know some ocbc 360 account holders prefer the much cooler frank card but i am curious if most of them are getting close to a 6% rebate. Saveup is a savings account offered by maybank singapore that is suitable for most average consumers. This arrangement is available between mondays and fridays, excluding public holidays. Without that, the effective interest rate becomes pathetic. From 01 november 2018, they will continue to earn 1. Ntucocbc starter account other accounts please tick for courier delivery, if there is no one to receive the cheque book at the delivery address provided, the cheque book will be delivered to the nearest ocbc branch. Terms and conditions governing the ocbc 360 account 1.
Savings ntuc ocbc starter account is not applicable via the atm. The ocbc 360 account has changed again should you switch. Ocbc personnel arranged someone to call and confirmed my mailing address is correct and i just have to wait for the letter to reach me. We are of course referring to the small, yet significant change that has been made to the terms and conditions of the ocbc 360 account. Savings ntucocbc starter account is not applicable via the atm. The ocbc 360 account is a dream account that every young adult should have. We will under no circumstances ask you to reveal your pin. Took a quick look at ocbc 360 account and it seemed like a pretty good deposit account that pays an attractive interest amount, maximum of 3. It has a rather broad range of base interest rates from 0. Ocbc basic current account holders can benefit from a wide network of atms with over 10,000 nationwide. Ocbc bank lets you manage all your personal finances under a single roof, and. Bills include your credit cards, loans and installments with ocbc or other banks. Aug 24, 2015 and when paired together with the ocbc 360 account click here and here to find out more, the ocbc 365 credit card is part of a great package provided by ocbc. Why i am staying with ocbc 360 for now my 15 hour work.
The 360 account is a deposit account that pays you bonus interest when you do all or any of these. The highest possible interest rates to enjoy goes up to 3. I felt cheated and decided to cancel my credit card as well as my current account. When it was first launched in singapore back in 2014, it offered the best interest rate on any savings plan that was available at that time. If you notice any discrepancy in your accounts or if you suspect that someone has been using your ocbc internet banking login id to access your account, change your password and contact us immediately at 03 8317 5000. Ocbc 360 account is open to individuals of age 18 years and above, provided that. Account holder will have to collect the cheque book from the branch.
Which banks saving account offers the best interest rate for. If for any reason an eligible customer opens more than one ocbc 360 account, the base interest and bonus interest are only given to the one ocbc 360 account opened first in time. Most of ocbc 360 account holders would have heard about the news by now. Ocbc rewards account holder high bonus interests for completing a myriad of tasks. Deposit account current account you can choose to have a cheque book, comes with estatements. Ocbc 360 account offers the best fixed deposit rates. End up i signed up ocbc 365 card as well as cheque book and current account which i didnt request for. Many of our seedly community members have also decided to switch to ocbc 360 instead. Or set a recurring fund transfer from other bank account.
As provided for in the rules of the association of banks in malaysia, we reserve the right to levy a charge of rm150. For the 2 nd time in less than 2 years, ocbc will be revising its interest rate for its popular ocbc 360 savings account. Internal funds transfermultiple deposits to different accounts. Now, with the myinfo integration and the banks real time ekyc process in the account opening journey, account approvals are instant for successful applications. Currently, all ocbc 360 account holders earn a flat 1. The good thing about ocbc 360 account, is that none of the bonus interest actions are. If you need a cheque book urgently, please call us at 1800 363 3333 before 10am for same day delivery between 2. Besides, as you have mentioned, im an ocbc shareholder as well so this action doesnt hurt as much since it helps to lower the bank expenses. Heres a quick summary of the change to the ocbc 360 account the amount of bonus interest you can earn from paying bills and credit card spending have also been reduced to 0. Ocbc has its own ocbc 360 account while uob has its uob one account.
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