#ocbc banking review

[financialhorse]

OCBC Online Equities Account Review - Buy shares from OCBC's Digital Banking App! 0.05% commissions for SG, US and HK Markets!

Good news for OCBC customers! You can now buy shares directly with your OCBC Digital Banking App via OCBC’s Online Equities Account (OEA). This means you can bank and trade all on one app, so you don’t need to go through the hassle of accessing different accounts or apps. Even better? You can fund your trades directly from your OCBC account, which is especially useful if you have a lot of foreign…

[cheaphousespending]

Review of Money Lock - OCBC vs. DBS vs. UOB

If you have money in any of the local 3 bank accounts, congratulations, you can now activate a “money lock” feature to lock up a portion of your funds so that it cannot be transferred or withdrawn. The new security move was formalized in December 2023 as part of enhanced banking security measures in Singapore, but the bad news is, if you’re on DBS / UOB, you’ll have to think about whether you’re…

[bankqualityreview]

Singapore's OCBC Bank has decided to wave goodbye to ATM Cards as it will be enabling face verification for bank transactions at its ATMs. This roll-out of facial biometrics for ATM services will start off with account balance inquiries at 8 selected ATMs from Friday and the service will be extended for cash withdrawals to all of its 550 ATMs in Singapore “progressively” from June 2021.

Visit us: https://www.bankquality.com/institution/126/ocbc-singapore/

[financialhorse]

OCBC Mobile Banking App – Best way to access SGFinDex and retirement planning?

OCBC Mobile Banking App – Best way to access SGFinDex and retirement planning?

The latest results for the OCBC Financial Wellness Index are out! The OCBC Financial Wellness Index comes from an annual survey of 2000 working adults (between 21 and 65), with 10 questions to judge participants’ financial health. The biggest takeaway from the results? Singaporeans are not prepared for retirement. And the biggest culprit? Millennials. As a millennial myself – this really…

[home-loan-singapore-broker]

Most Essential Guide To Get Cash Out Of Your Private Property In Singapore

Getting cash out of your property with a home estimation credit is an uncommon strategy to get really fundamental capital for your business or your endeavor portfolio. 

Deplorably, you likely will not have the alternative to get whatever amount of money you need if you have a go at getting a home estimation advance isolated. With the help of our informed Mortgage Specialists, you can be sure that you'll be getting the most vital cash out aggregate at any rate in advance charges. 

What Is A Term Loan Or Home Equity Loan? 

A term advance, home estimation credit or worth term advance strategies are something basically the same. Exactly when you assume a term acknowledgment, you use the estimation of your property as protection. So if your property has extended in a motivator as time goes on, a home estimation advance may be the best way to deal with getting some money at a low advance expense. 

How this is done is that you basically re-review the assessment of your property at present day and if there has been a satisfactory development in motivation over what it was where you recently got it, you might actually propel a fragment of that increase in impetus on top of your present development. 

You can in like manner do this whether or not you haven't dealt with your home development in full. Thus, you are getting from the piece of your property that is totally paid. This is known as cash out rethinking, or home advance worth withdrawal progresses. If you require any business loan, commercial loan, mortgage loan and home loan, refinancing loan contact Yours Advisory, the leading financial management platform and Housing Loan Singapore Broker services. 

Who Is Eligible For A Home Equity Loan?

In Singapore, only owners of private property are able to get back esteem propels. Thus, if your lone property is a HDB level, you won't be equipped for cash out rethinking. 

In case you own an Executive Condominium, you need to hold on till your Minimum Occupation Period of 5 years runs out before you can consider cash out reevaluating. 

If you really have an exceptional home credit, you can simply get the home estimation advance from a comparative bank you have taken the home development from. For instance, in case you right now have an OCBC home credit, you can simply get an OCBC home estimation advance. 

What Is The Interest Rate For Term Loan Or Equity Loan?

Home estimation credits consistently have extraordinarily low advance charges – around 1%+. 

In assessment, overhaul progresses, business term propels, commitment association plans and tutoring credits all charge in a general sense higher advance expenses. 

The sum Can You Borrow On A Term Loan Or Home Equity Loan In Singapore?

Normally, the bank will allow you to get up to 75% of your property assessment. Regardless, first you would need to short any wonderful acknowledgments, similarly as any CPF used for the property purchase. 

Honestly, this isn't a cheat code to cash out your CPF hold reserves. Respectable endeavor. 

You will in like manner be confined by the supreme commitment updating extent (in any case called TDSR), which suggests your credit repayments can't be more than 60% of your month to month pay. 

Regardless, from 2017, to provide food especially to more prepared Singaporeans who have surrendered, you will as of now don't be confined by the TDSR if you are getting half of your property assessment or less. 

Here's a framework to make it more understood. 

Mrs Kaur's property is valued at $1.5 million, and she has an amazing development of $250,000. She has in like manner used about $600,000 of her CPF to buy this property as of recently. 

Property Value: $1,500,000 

75% of $1,500,000 (Property Value) = $1,125,000 

Exceptional Loan: $250,000 

CPF used for property: $600,000 

Most prominent Term Loan: $1,125,000 – $250,000 – $600,000 = $275,000 

In case she needs to get a term advance, she is able to get up to $275,000. Since her full scale credit (for instance the term credit + remarkable development) is under portion of the property assessment, she doesn't need to worry about TDSR. Not dreadful. 

What Is The Loan Tenure For A Home Equity Loan In Singapore? 

The most limited credit residency is 75 years shy of your current age. 

That infers, in the event that you're 45 years old, your most limited credit residency is 30 years. 

In case you're at present changing a home credit, by then you need to decrease the amount of years you've spent redesigning the development moreover. 

Thus, in the event that you're 45 years old, and you've been changing your home credit for an exceptionally prolonged stretch of time, by then your most noteworthy development residency is only 10 years. 

Would it be a smart thought for you to Get A Home Equity Loan?

In case you need a tremendous measure of money to rebuild your home, get startup capital, or record your child's high level training, a home estimation advance is ideal as the financing costs are low and you can get a genuine high credit total. 

Taking everything together these cases, the elective decisions will have either higher financing costs, or a lower advance whole, or both. 

You doubtlessly would not really like to get a home estimation credit if you essentially need the additional cash to frenzy spend on an excess vehicle, or a year-long excursion around the globe. 

You Can Borrow More With A Term Loan Or Home Equity Loan

Most attributes simply license you to gain up to 4X your month to month pay. For the ordinary Singaporean, that infers you can't get more than $20,000 at a time. Likewise, because of the TDSR impediment, your total development repayment whole can't be more than 60% of your month to month pay. 

As we pointed out previously, term credits and worth advances don't have this constraint. You can without a doubt obtain up to $50,000 or more if crucial. Also, you don't have to worry about TDSR either (give the bank attests of the credit).

You may also be interested in how to get a Low interest Mortgage Broker service from the best financial services advisor in Singapore.

[bankqualityreviews]

Union Bank Credit Card Review: What Are They Offering

The credit card industry has taken over the world and there are a lot of credit card options available in the market. However, due to increasing competition in the industry, it is becoming very difficult to choose the right card that suits your needs.

And, if you are planning to invest with Union Bank, the Union Bank Credit Card Review at BankQuality can help you make the right choice.

BankQuality helps you a whole world of reviews and ratings about various financial institutions that helps consumers to make the right choice about their hard-earned money. Our credit card reviews offer the best reward options such as cashback, travel, balance transfer, 0% intro APR, and more. We conduct various researches so that you don’t have to sift through thousands of credit card options available out there.

With BankQuality, you can read Union Bank Credit Card Review to understand properly about the offers that they are providing and gain maximum benefits.

Union Bank was established in 1919 and it contributes a lot to India’s economic development by lending out credit to various economic sectors like agriculture, infrastructure, trade, exports, and various other small-scale sectors.

Along with Union Bank, if you are interested in credit card services of RBL Bank, then you can access BankQuality.com on your browser and access RBL Bank Credit Card Review so that you can learn what services they are currently offering.

RBL bank is one of the authentic banks in India that offers great services and offers but in order to make a smart investment our RBL Bank Credit Card Reviews can help you to gain a clear perspective into the bank’s functioning.

You can surely learn about a bank through its prospectus but the services and offers rendered by the bank can only be approved by the customers who are using them.

At BankQuality, you can look for RBL Bank Credit Card Review if you are planning to attain its services or if you are a current customer of the bank, you can leave your valuable feedback about it on our website.

As the number of banks is increasing, it can be a tough process to go through every banks’ terms and conditions to apply for your required credit card.

Therefore, our website covers every aspect to help you learn about your desired bank. Along with credit card reviews, we offer blogs that are dedicated to the financial sector so that you can be updated about every change occurring in the financial world.

So, look no further as BankQuality is your one-stop destination to learn about your desired bank’s functioning as well as be updated about the financial world.

[bankqualityreview]

Do You Want To Open An Account At United Overseas Bank In Singapore?

Thinking of opening an account at United Overseas Bank in Singapore but still have unanswered questions? Employees might behave better if you are here to open an account, but maybe a few weeks later, what if they are rude and ignorant? What if they don’t look after your services and queries? Don’t worry  BankQuality has all your questions covered.

BankQuality has the correct website analytics and it helps you to expand your vision in the banking sector globally. The department has banks from various regions, Asia, Africa, and the Middle East. There are classifications and categories for banks and other financial institutions over the platform. United Overseas Bank in Singapore is one of the banks which has positive ratings for their bank services.

Just head over to BankQuality and click on the reviews section, you will open up to the review portal and can learn from many feedback and bank ratings. In this time of the pandemic, the 2020 bank ratings are essential for banking and financial institutions so that one can choose the best option from all bank feedback and rates. The record is not only about gathering information from the score. You can also easily share your input into your bank's perception.

BankQuality provides the right assessment criteria and helps you choose the best. Every customer of the bank, lucky or unlucky, can both leave their bank reviews and rating. It helps if you share what you need. Communicate with each other.

Not all the reviews and ratings of one bank are the same. Different users can have different points of view, but each experience is a lesson to learn from a bank. Some people have positive experiences, and others may have negative experiences, so it's your way of deciding when you're going to opt for a bank.

United Overseas Bank Singapore

United Overseas Bank is a Singaporean multinational banking organization headquartered in Singapore. With its branches mostly found in most Southeast Asian countries and founded in 1935 as United Chinese Bank by Sarawak businessman Wee Kheng Chiang, the bank established many Chinese-born business people.

UOB provides commercial and company banking-related services, personal financial services, private banking, asset management services, finance, working capital, investment, insurance services, and many more. It has 68 branches in Singapore and over 500 offices in 19 countries and territories within the Asia Pacific, Western Europe, and North America.

United Overseas Bank Singapore reviews at BankQuality may be client expertise and personal observations of what customers have seen within the bank.

BankQuality is a portal where you'll be able to review your bank anytime and anywhere you want. It’s an initiative that aims to create banking standards higher for everybody. BankQuality is a platform that allows Bank Consumer Reviews so that anyone and everyone can learn and utilize the banking services in a proper manner without suffering any type of loss.

[whattheabcxyz]

2022-02-15

Finance

Prominent NFT marketplace shuts down almost all sales due to fraud

People

Gabby Petito can finally rest in peace - Brian Laundrie confirmed to have died by suicide; confessed to her murder in a written note

Elvis Presley was a walking time bomb - he had severe constipation, high blood pressure, high cholesterol, insomnia, & heart problems!

^ Novak Djokovic explains his stance on the COVID-19 vaccine - I hold the exact same views. Way to go, Novak!!!

Health

Still a lot remains unknown about PQQ (as a supplement) & its effects on human health

Singapore

$2m from OCBC scams recovered; 121 local bank accounts frozen

Banks to review use of SMS for OTPs & further strengthen fraud surveillance

COVID-19 patients with mild symptoms can get results certified for free at test centres instead of GPs

SPH Media Trust to get up to $180m a year in government funding for next 5 years

Household incomes rose last year to above pre-pandemic levels as economy recovered

Travel

Automated clearance to be the norm for all travellers to Singapore from 2023

[bankqualityreview]

It doesn’t matter if you’ve made several of these mistakes already. You still have the time to get started and correct any financial mistake you’ve made. The major key is to not make any further errors as you embark on solving and beginning to repay any debts you have.

Visit us: https://www.bankquality.com/

[sandlerresearch]

Singapore Cards and Payments - Opportunities and Risks to 2024 published on

https://www.sandlerresearch.org/singapore-cards-and-payments-opportunities-and-risks-to-2024.html

Singapore Cards and Payments - Opportunities and Risks to 2024

Singapore Cards and Payments – Opportunities and Risks to 2024

Summary

GlobalData’s ‘Singapore Cards and Payments – Opportunities and Risks to 2024’ report provides detailed analysis of market trends in the Singaporean cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2016-20e).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2020e-24f). It also offers information on the country’s competitive landscape, including the market shares of issuers and schemes.

The report brings together GlobalData’s research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

This report provides top-level market analysis, information and insights into the Singaporean cards and payments industry, including – – Current and forecast values for each market in the Singaporean cards and payments industry, including debit and credit cards. – Detailed insights into payment instruments including cash, cards, credit transfers, direct debits, and cheques. It also includes an overview of the country’s key alternative payment instruments. – E-commerce market analysis. – Analysis of various market drivers and regulations governing the Singaporean cards and payments industry. – Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.

Scope

– Instant payments in Singapore are likely to grow further with the government now permitting non-bank financial institutions (NFIs) to access banking retail payments infrastructure. NFIs that are licensed as major payment institutions under the Payment Services Act are now allowed to connect directly to Fast And Secure Transfers (FAST) and PayNow. The service is now offered by 23 banks and five NFIs, including ANZ, Bank of China, BNP Paribas, CIMB, Citibank, Deutsche Bank, ICBC, Standard Chartered, Maybank, OCBC, United Overseas Bank (UOB), HSBC, GPay Network, Liquid Group, MatchMove Pay, SingCash, and TransferWise. – The banking space is likely to become more competitive with the Monetary Authority of Singapore (MAS) allowing digital-only banks to operate in the country. In December 2020 it approved digital banking licenses for four entities – a consortium of Singtel and Grab; Sea Limited; Ant Financial; and a consortium of Greenland Financial Holdings Group, Linklogis Hong Kong, and Beijing Co-operative Equity Investment Fund Management .There are two types of digital banking licenses – a digital full bank license and a digital wholesale bank license. The former allows entities to serve both retail and corporate segments by offering products such as bank accounts, deposits, debit cards, and credit cards. Meanwhile, the latter allows entities to serve only corporates and SMEs. All four new digital banks are expected to commence operations from early 2022. – Singaporeans have increasingly spent online using credit cards amid COVID-19. OCBC reported that card spend at online supermarkets doubled followed by a 50% increase in spending on both online food deliveries and video/music subscriptions between January and March 2020 compared to the same period of 2019. UOB reported a 50% increase in online grocery shopping – and its credit card holders spent 42% more on online food orders and deliveries and 38% more on ecommerce purchases – over a similar period. Citibank and Standard Chartered also reported increases in online credit card spending. The MAS noted that while consumers in Singapore have increasingly used credit cards for daily essentials, travel and big-ticket items like luxury goods and furniture have taken significant hits due to the pandemic.

Reasons to Buy

– Make strategic business decisions, using top-level historic and forecast market data, related to the Singaporean cards and payments industry and each market within it. – Understand the key market trends and growth opportunities in the Singaporean cards and payments industry. – Assess the competitive dynamics in the Singaporean cards and payments industry. – Gain insights into marketing strategies used for various card types in Singapore. – Gain insights into key regulations governing the Singaporean cards and payments industry.

[whattheabcxyz]

2022-01-19

Business

Microsoft acquires Activision Blizzard

Investors say Singapore-based tech start-ups could enjoy record funding this year

Pets

Hamster culling in HK ignites fury of pet lovers

Singapore

22-year-old woman mysteriously found dead in Sungei Api Api

Crypto ATM operators here cease services in compliance with new guidelines - good riddance!

All affected OCBC customers of recent SMS scams to get full goodwill payouts

Police warn of fake bank hotlines in Google search advertisements - victims lost $495K

Politics

Singapore: Charles Yeo charged with hurting religious feelings of Christians - it’s sad that our opposition parties can only attract these unhinged types

Art

^ Take your 红包 collection to the next level with some of these!

Entertainment

Wordle is the next addictive thing in games - it’s like Mastermind but with words

Travel

Singapore: Plans for Changi Airport T5 still being reviewed

Health

Singapore: HSA says no “serious” side effects from COVID-19 vaccine reported among children aged 5-11 - what is their definition of “serious”???

Boy with neuromuscular disease saved by $3m drug - at that price it damn well better work!!!

[bankqualityreview]

To Pick The Best, Search The Union Bank Reviews

Union Bank is an excellent bank with many benefits, but reading some feedback about the bank helps obtain insight into the banks' work. The Union Bank Reviews gives insight into how the bank works and how it is staffed, which could be misleading in its prospectus.

A single click will take you to a world of comprehensive reviews, emotions, and experiences that can make you reassess your finances and maybe save you from an error that could take time and money tolls. BankQuality is one of those websites that provides a forum for you to express with the assurance that you will be heard. By simply logging in to the website, you can rate or write reviews for a particular cause.

The Union Bank is an acceptable bank offering many incentives, but reading bank consumer reviews is always a wise idea.

You should read the reviews and decide without wasting any time or money. Now that you know how BankQuality will benefit you, you will want to collect information about one of the most popular banks named Union Bank through Union Bank Reviews.

The Union Bank has an outstanding reputation, which can be assessed by Union Bank reviews on the BankQuality website, where people's ratings are made open to the public. There is transparency, and a person can get an email as soon as they review the bank.

No matter how popular a bank can be, complex data and information can only be provided by consumers with one or more services. At BankQuality, you will find the Union Bank's most reliable feedback and make a wise decision.

About Union Bank The bank was founded in 1919 and had its headquarters in Mumbai. The bank operates in more than 4200 branches throughout India. It has made a significant contribution to the economic growth of the region. It is known to provide credit to different economic segments, including agriculture, infrastructure, trade, exports, industries, and many other small and individual sectors, to foster overall economic growth. Resources are distributed through Investments, New and Term Deposits, plus international borrowing and refinancing. The bank already has a strong base of more than 50 million customers.

BankQuality is not just a bank review, but you should also leave reviews to other financial institutions, such as lenders, credit card suppliers, and insurance companies.