Are you looking for a debit card that offers rewards and benefits while helping you save money? Look no further than the OCBC 360 debit card in Singapore. With this card, you can earn bonus interest on your account balance, enjoy cashback on your spending, and take advantage of exclusive promotions and discounts.
One of the key features of the OCBC 360 account is the ability to earn bonus interest on your savings. To do this, you must credit your salary to the account, increase your account balance, and meet certain spending and investment requirements. By doing so, you can earn up to 2.45% p.a. on your savings, which is one of the highest interest rates in Singapore.
Using your OCBC 360 debit card is easy and convenient. You can apply for the card online and receive instant approval if you use MyInfo. Once you have your card, you can use it to make purchases both in Singapore and overseas, withdraw cash from ATMs, and enjoy exclusive deals and discounts at participating merchants. With so many benefits and features, the OCBC 360 debit card is a great choice for anyone looking to save money and earn rewards.
Key Takeaways
- The OCBC 360 debit card offers bonus interest on your savings, cashback on your spending, and exclusive promotions and discounts.
- To earn bonus interest on your savings, you must credit your salary to the account, increase your account balance, and meet certain spending and investment requirements.
- You can apply for the OCBC 360 debit card online, use it to make purchases and withdraw cash, and enjoy exclusive deals and discounts at participating merchants.
Key Features of the OCBC 360 Account
If you’re looking for a savings account that offers a range of benefits, the OCBC 360 Account might be just what you need. Here are the key features of this account:
Bonus Interest Rates
The OCBC 360 Account offers bonus interest rates of up to 4.65% p.a. on your first S$100,000 deposit. You can earn this bonus interest in three ways:
- Credit your salary through GIRO or PayNow to earn a 360 Salary Bonus of up to 1.2% p.a.
- Save and increase your account balance to earn a 360 Save Bonus of up to 1.2% p.a.
- Spend at least S$500 on your OCBC 365, OCBC 90°N, OCBC INFINITY, OCBC NXT or OCBC Rewards Card to earn a 360 Spend Bonus of up to 0.6% p.a.
In addition, you can earn a 360 Grow Bonus of up to 0.9% p.a. if your average daily balance increases compared to the previous month.
360 Account Benefits
The OCBC 360 Account offers a range of benefits, including:
- No fall-below fee: You won’t be charged a fee if your account balance falls below the minimum amount required.
- No monthly account fee: You won’t be charged a fee for maintaining your account.
- Convenient banking: You can access your account online or through the OCBC Mobile Banking app.
- Easy account opening: You can open an account online or at any OCBC branch.
Eligibility Criteria
To be eligible for the OCBC 360 Account, you must:
- Be a Singapore citizen or permanent resident
- Be at least 18 years old
- Have a minimum initial deposit of S$3,000
- Maintain an average daily balance of at least S$3,000 to earn bonus interest
Overall, the OCBC 360 Account is a great option for those looking to earn bonus interest on their savings. With its range of benefits and easy eligibility criteria, it’s definitely worth considering.
Using Your OCBC 360 Debit Card
If you have an OCBC 360 account, you can enjoy the benefits of the OCBC 360 Debit Card. This card offers you a range of features that make it easy to manage your money, whether you’re making transactions, using online banking, or traveling overseas.
Making Transactions
With your OCBC 360 Debit Card, you can make transactions at millions of merchants worldwide. The card is accepted at all merchants that display the Mastercard logo, so you can use it to pay for everything from groceries to travel expenses.
In addition, you can use your card to make contactless payments. Simply tap your card on the contactless reader to pay for your purchases quickly and easily.
Overseas Usage
If you’re traveling overseas, you can use your OCBC 360 Debit Card to withdraw cash from ATMs or make purchases at merchants that accept Mastercard. You can also use your card to make foreign currency transactions, which will be automatically converted to Singapore dollars.
To ensure that your card is secure when you’re traveling, you can set a daily overseas spending limit. This will help you to stay within your budget and avoid overspending.
Online Banking Convenience
With OCBC’s online banking platform, you can easily manage your OCBC 360 Debit Card. You can view your transaction history, set up e-statements, and monitor your account balance.
In addition, you can use PayNow to transfer money to other PayNow users instantly. This is a convenient way to send money to friends and family without the need for cash or checks.
Overall, the OCBC 360 Debit Card is a convenient and secure way to manage your money. With its range of features and benefits, it’s a great choice for anyone who wants to make the most of their OCBC 360 account.
Maximising Your Savings and Investments
If you have an OCBC 360 Account, you can maximise your savings and investments by following a few strategies. Here are some tips to help you get started:
Strategies for Higher Returns
One way to maximise your savings is to ensure that you credit your salary through GIRO/PayNow via GIRO. This will earn you a bonus interest rate of up to 1.2% per annum on the first $35,000 of your account balance. Additionally, you can earn up to 0.6% per annum when you spend at least $500 on your OCBC 365 Credit Card. You will also earn a base interest rate of 0.05% per annum on your entire account balance.
Another way to maximise your savings is to save and increase your account balance. You can earn up to 1.2% per annum bonus interest when you increase your account balance by at least $500 each month. You can also earn up to 0.6% per annum bonus interest when you save at least $500 per month.
Investment and Insurance Products
If you are looking to invest, you can earn up to 1.2% per annum bonus interest when you invest with OCBC. The OCBC 360 Invest Bonus is applicable to eligible investment products such as unit trusts, structured deposits, and bonds. You can also earn up to 1.2% per annum bonus interest when you purchase eligible insurance products with OCBC. The OCBC 360 Insure Bonus is applicable to eligible insurance products such as endowment plans, whole life plans, and investment-linked insurance plans.
To maximise your returns, it is important to choose investment and insurance products that are suitable for your financial goals and risk tolerance. You should also consider the fees and charges associated with these products, as they can have an impact on your effective interest rate.
In conclusion, the OCBC 360 Account provides you with various opportunities to maximise your savings and investments. By following the strategies mentioned above and choosing the right investment and insurance products, you can achieve higher returns and reach your financial goals.
Rewards and Perks
As an OCBC 360 Debit Card holder, you can enjoy a range of exciting rewards and perks. Here are some of the benefits you can look forward to:
Cashback and Discounts
With the OCBC 360 Debit Card, you can earn cashback on your daily spend. For example, you can enjoy up to 6% cashback on dining, 3% cashback on groceries, and 5% cashback on petrol at selected merchants. Plus, you can enjoy exclusive discounts at popular retailers such as Zalora, Lazada, and Agoda.
Exclusive Card Designs
The OCBC 360 Debit Card comes in a range of exclusive designs that you can choose from. You can choose from a variety of designs that cater to your personal style and preferences. Whether you prefer a classic or a trendy look, there is a design for everyone.
In addition to the rewards and perks mentioned above, you can also enjoy other benefits such as the OCBC Rewards Card, the OCBC Titanium Rewards Credit Card, the OCBC 365, the OCBC 90°N, and the OCBC NXT. With these cards, you can earn rewards points that can be redeemed for a variety of exciting rewards such as air miles, shopping vouchers, and more.
To top it off, you can also enjoy a 360 CC spend bonus and a cash reward when you open a 360 Account and credit your salary within 2 months. So what are you waiting for? Apply for the OCBC 360 Debit Card today and start enjoying the rewards and perks that come with it.
Managing Your OCBC 360 Account
As an OCBC 360 debit card holder, managing your account is easy and convenient. Here are some important things to know about managing your account:
Account Management
To manage your OCBC 360 account, you can do so easily through OCBC Internet Banking or the OCBC Digital app. You can check your account balance, view your transaction history, and transfer funds between accounts. You can also activate your debit card, request a fee waiver, manage your card’s daily limit, dispute transactions, and more.
If you prefer to receive e-statements instead of paper statements, you can opt for that through your account settings. You can also request for a cheque book if needed.
It is important to note that there is a minimum balance requirement for the OCBC 360 account. If your account balance falls below this minimum balance, a fall below fee may be charged.
Fees and Charges
There are certain fees and charges associated with the OCBC 360 account. Here are some important ones to keep in mind:
| Fee/Charge | Amount |
|---|---|
| Fall below fee | $2 |
| Cheque book fee | $10 |
| Paper statement fee | $1 per statement |
| Early account closure fee | $30 |
| Returned cheque fee | $50 |
It is important to read and understand the terms and conditions of your OCBC 360 account. You can find these on the OCBC website under “Important Notices”. Additionally, your deposits with OCBC are insured up to S$75,000 under the Deposit Insurance Scheme by the Singapore Deposit Insurance Corporation. You can also check the Insured Deposits Register to ensure that your deposits are protected.
By managing your OCBC 360 account effectively, you can enjoy the benefits of this high-interest savings account and make the most of your money.
Frequently Asked Questions
How can I apply for an OCBC 360 debit card in Singapore?
Applying for an OCBC 360 Debit Card in Singapore is easy and straightforward. You can apply online through the OCBC website or visit any of their branches to apply in person. To be eligible, you need to be a Singapore citizen or permanent resident, and you must be at least 16 years old.
What are the daily transaction limits for the OCBC 360 debit card?
The daily transaction limit for an OCBC 360 debit card is $5,000. This limit includes ATM withdrawals, point-of-sale transactions, and online purchases. If you need to increase your daily transaction limit, you can do so by contacting OCBC customer service.
Can you enlighten me on the charges associated with the OCBC 360 debit card?
The OCBC 360 debit card has no annual fees and no minimum balance requirements. However, there are transaction fees associated with using the card. These fees include a foreign currency transaction fee of 1.8% for overseas transactions and a cash withdrawal fee of $5 per transaction at non-OCBC ATMs.
What delightful benefits come with using an OCBC 360 debit card?
The OCBC 360 debit card comes with a host of benefits, including cashback rewards on daily spending, discounts on dining, entertainment, and travel, and exclusive promotions with partner merchants. Additionally, you can earn bonus interest on your savings account when you use your OCBC 360 debit card to credit your salary and make payments.
Are there any design options available for the OCBC 360 debit card?
Yes, there are design options available for the OCBC 360 debit card. You can choose from a variety of designs, including the standard design, the FRANK design, and the Premier Banking design. You can also customize your card with your own photo or design for an additional fee.
How does the OCBC FRANK Debit Card differ from the OCBC 360 debit card?
The OCBC FRANK Debit Card is a different product from the OCBC 360 debit card. The FRANK Debit Card is designed for young adults and offers cashback rewards on online and retail purchases, as well as discounts on dining and entertainment. The OCBC 360 debit card, on the other hand, is designed for those looking to save and earn interest on their savings while enjoying the benefits of a debit card.