If my wife and I were to transfer money to each other on a month to month basis, we will get a boost and step-up bonus. Is this an Ocbc 360 account "hack"? - Seedly
Ā 

Savings

Bank Account

OCBC 360

Asked by Bin Rui

Asked on 04 Jun 2019

If my wife and I were to transfer money to each other on a month to month basis, we will get a boost and step-up bonus. Is this an Ocbc 360 account "hack"?

Assuming my wife & I have $20,000 in each of our OCBC 360 savings account. If she transfers all her $20,000 to me, I would get a Boost Bonus of $16.98 as well as $11.46 for Step-up Bonus (according to the 360 acccount interest calculator).

Next month, I'll transfer all my $40,000 to her, she will then earn a Boost Bonus of $33.97 and $11.46 of Step-up Bonus. Can I repeat these steps for the subsequent months to get these bonuses? It's not big amount, but still it is consider a hack?

0

Answers (1)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent

My guess is it will work at the start.

Just read the terms and conditions, it didn't say the money must not be from another OCBC account.

https://www.ocbc.com/assets/pdf/accounts/terms_and_conditions_governing_360_account_with_effect_from_1_nov_2018.pdf?v=6

So technically it will work.

Do leave a minimum amount for any credit card bill, other bonus, etc etc

0 comments

1