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Danz

Edited 07 Feb 2023

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Can I split the salary myself to meet the Salary Credit requirement for different Banks

I have savings accounts in 2 different banks. I wanted to split my monthly salary to credit saving accounts so I can enjoy better interest rates in both accounts.

My company's payroll does NOT support this split allocation -- so my question is, can I do this myself so the bank will recognize the transfer as salary credit?

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Danny Lee

04 Mar 2023

I do not think that you can do it yourself.

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Missing Q

11 Feb 2023

Unlikely, unless youre the HR or you own the company, then you can credit salary to each of the accounts.

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SamC

08 Feb 2023

I doubt so. if not we would have heard of this "tips and trick" already....

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Is it possible to split salary to credit different bank accounts to maximise interest earned (avoiding caps) whilst fulfilling the salary credit requirement?

How do you split your money into separate bank accounts for savings, investing, spending, salary credit and which bank accounts are you using?

Shld i change salary crediting to UOBONE? I can fulfil the $500 spend on credit card per month, and can have $200k bank balances. Shld i choos uob one or ocbc360 to salary credit to? Thanks!

I'm 28, will credit $2240, currently hv SGD15k (full savings) and wld like to ask which bank has better interest (includes salary, credit card and bills payment ). N if $75k saving which bank is good?

Which credit card can I apply for as I am on my first job with 6 months savings secured but 1.8k salary? (I know that most credit card require at least 2.5k/month salary to apply)?

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