OCBC 360 Account-i

Click here for OCBC 360 Account
An Account for Your Everyday Banking Needs.
Maximise the profit on your first RM100,000 when you deposit, pay and spend.

HOW IT WORKS
3.25%p.a.
maximum profit
Enjoy extra profit on your savings with no holding period.
Base Profit
Earn
0.10% p.a.
On your entire balance.
 
 
Deposit
Earn
1.05% p.a.
Deposit at least RM500 every month.
  • Set this account as your salary crediting account.
  • Or set a recurring fund transfer from other bank account.
Pay
Earn
1.05% p.a.
Pay at least 3 bills online every month.
  • Use OCBC Internet Banking to pay your credit cards, loans/financing or bills from over 1,400 billers with JomPay
  • Bills include your credit cards, loans/financing and monthly payments with OCBC Bank/OCBC Al-Amin or other banks.
Spend
Earn
1.05% p.a.
Spend at least RM500 on your OCBC Al-Amin Debit Card-i every month.
 

    Only eligible transactions that appear on your card account within the calendar month will qualify for this. Transactions that have been terminated, voided, reversed or cancelled will be excluded.

Profit of 3.25% p.a. is applicable on your first RM100,000 balance and will be paid by the 14th business day (not including Saturdays, Sundays and public holidays) of the following month. Only one (1) account is allowed per customer and with a minimum deposit of RM500.
  • Set this account as your salary crediting account.
  • Or set a recurring fund transfer from other bank account.
  • Use OCBC Internet Banking to pay your credit cards, loans/financing or bills from over 1,400 billers with JomPay
  • Bills include your credit cards, loans/financing and installments with OCBC or other banks.
  • Combine the spend across all your OCBC Credit and/or Debit Cards to qualify
  • Continue to enjoy your OCBC Credit Card benefits.
Discover how much profit you can earn
OCBC 360 Account Calculator
Calculate your OCBC 360 Account-i Profit

Average daily account balance
 

Deposit

at least RM500 every month

 0

Pay bills

at least 3 bills online every month

0

Spend

at least RM500 on your OCBC Debit Card-i

 0

Base profit

0

Total profit per month

0

Disclaimer

The amount is calculated on per month (31 days) basis and is for illustration purposes only.

The calculator is for your convenience only and you have chosen to use it and rely on any results at your own risk. OCBC Bank will not under any circumstances accept responsibility or liability for any losses that may arise from a decision that you may make as a result of using the calculator.

Wealth Bonus

Insure or invest in eligible financial products

Financial product type 0.6%
per year		 1.2%
per year
Regular premium endowment insurance RM4,000 RM8,000
Single premium endowment insurance, Unit trusts or Structured deposits RM20,000 RM40,000

What you need to know
● Minimum Age
18 years old
● Nationality
Malaysian, Permanent Residents and Non-Residents (subject to the country of origin)
● Initial Deposit
RM500
● Monthly Statements
Paper or e-Statement

Questions you may have
1 Is the 3.25% p.a. applicable on the total balance?

No, it is only applicable on the first RM100,000, when maintained consistently for the entire month. Amounts more than RM100,000 will only enjoy a base rate of 0.10% p.a.

2 When will the Bonus Profit(s) be credited into my 360 Account-i?

It will be paid by the 14th business day of the next month. Business day is a day that is not a public holiday in Kuala Lumpur or Saturday or Sunday.

3 How much do I need to open a 360 Account-i?

A minimum deposit of RM500 is required to open an account.

4 Can I open more than one 360 Account-i?

No, you may only open one account where you are the Primary Account holder. This means that if you already have one account in your single name, you will not be allowed to open a joint account as a primary accountholder.

5 Will my Bonus Profit be affected if BNM revises the OPR?

Your Bonus Profit(s) will also be revised accordingly. However, the quantum of the upward/ downward revision will be determined by the Bank as is the general industry practice.

6 Will the Bank provide me with 21 days’ notice before changing my profit rates?

If the changes to profit rates and/or product (e.g. T&C, product information sheet, features of the account, etc.) are initiated by the Bank, the Bank will give 21 days’ notice before effecting the change.

However, in the event that there are regulatory changes, e.g. Bank Negara revises the OPR policy rate, we will still give notice but the notice period may not be 21 days.

7 What happens if I close my 360 Account-i before the profit crediting date?

You will receive the prevailing Base Profit paid up to the day before the account closure. However, you will not be eligible for the Bonus Profit(s).

8 Do I need to ‘time’ my eligible transactions?

Yes. There is occasionally a delay between when a transaction is performed by you, and when the transaction is posted to your account. Delays in the posting of transactions are due to various reasons, such as processing time, cut-off times, business days, etc. As such, only transactions that meet the qualifying criteria and are posted to your account within the month are counted towards payment of the Bonus Profit. The Bonus Profit will be paid out based on your average daily balance (up to a limit of RM100,000).

9 How do I calculate the total profit earned for a month?

You may refer to the Product Information Sheet for an illustration or use the Online Calculator; please also note the different calculation conventions between base profit and bonus profit (summarised in the table below).
Type of profit Rate and computation convention Remarks
Base profit
  • Accrued daily
  • Sum of (daily end balance x applicable rate for the day)
In the event of a rate hike or cut, the revised rate will be applied on the effective date. With this, the total Base Profit will be pro-rated.
Bonus profit
  • Calculated at month-end
  • Average daily balance (ADB) x applicable profit rate at month-end
In the event of a rate hike or cut, the revised rate will be applied on the whole ADB amount of the month and the Bonus Profit is only calculated once at month-end.


1 How do I qualify for the Deposit Bonus Profit?

Just deposit cash/cheque amounting to RM500 and/or fund transfer from other banks. However, Base Profit and Bonus Profit are not considered deposits eligible for the Deposit Bonus Profit.


1 How do I qualify for the Spend Bonus Profit with debit card/-i?

Debit Card-i
  • The OCBC 360 Account-i must be tagged as the Fast Cash account for the debit card/-i
  • The joint accountholder’s debit card/-i spending is recognised (but must be tagged to the same OCBC 360 Account-i as the Fast Cash account)
  • Only net1 retail spending posted within the same calendar month will be eligible

Amounts not eligible for the Spend Bonus Profit:
  • Annual fees and charges
  • Balance transfers
  • Amounts converted to the Installment Payment Plan or other similar plans.
  • Retail transactions subsequently cancelled, voided or reversed at any time and for whatever reason.
1Net retail spending is defined as: Amount spent on retail transactions less amounts cancelled, voided or reversed in the calendar month

2 In what situations would I not qualify for the Spend Bonus Profit?

  • If there are any cancelled, voided or reversed transactions which results in your net1 spending for the calendar month falling below RM500.
  • If your retail transaction has already been charged but not yet posted within the same calendar month. Retail transactions charged on the last few days of the month may only be posted in the following month.
  • All FPX and DuitNow QR transactions
1Net retail spending is defined as: Amount spent on retail transactions less amounts cancelled, voided or reversed in the calendar month

3 If I spend RM200 on my credit card and RM300 on my debit card-i, will I still be eligible for the Spend Bonus Profit?

No, only the net1 amount of debit card-i spend within the same month will be eligible.

1Net retail spending is defined as: Amount spent on retail transactions less amounts cancelled, voided or reversed in the calendar month

4 My OCBC 360 Account-i is jointly held with my wife. If she spends RM550 on her own OCBC Debit Card-i, and I spend RM300 on my own debit card-i, will we be eligible for the Spend Bonus Profit?

  • You and your wife jointly open a 360 Account-i
  • Your and your wife’s debit cards-i are tagged to 360 Account-i as your Fast Cash Account

Your debit card-i spend (primary accountholder) will be recognised

Your wife’s debit card-i spend (secondary accountholder) will be recognised

5 Can my credit card/debit card spending qualify for the OCBC 360 Account/-i Spend Bonus Profit?

Type of Card Qualify for the OCBC 360 Account Spend Bonus? Qualify for the OCBC 360 Account-i Spend Bonus?
Credit Card Yes No
Debit Card Yes, if the 360 Account is tagged as Fast Cash Account Yes, if the 360 Account-i is tagged as Fast Cash Account
Debit Card-i
No
(as the Debit Card-i's fast cash account must be Islamic accounts) 		Yes, if the 360 Account-i is tagged as Fast Cash Account

6 Do I qualify for the Spend Bonus Profit if I top-up my e-wallet using the 360 Account-i?

Yes, if you top-up your e-wallet using your *debit card/-i with the 360 Account-i as Fast Cash Account only.

If you top up your e-wallet via FPX and DuitNow QR transfers, you will not qualify for the Spend Bonus Profit.

*Refer to questions 4 – 5 for debit card/-i spending eligibility criteria


1 How do I qualify for the Pay Bonus Profit?

You just need to pay any 3 UNIQUE bills with your OCBC 360 Account-i through OCBC Online Banking (e.g. transfer to OCBC credit facilities/ JomPAY/ Interbank GIRO / DuitNow) every calendar month.

For jointly-held accounts, eligibility for the Pay Bonus Profit will be based on the total number of payments done through the OCBC 360 Account-i within the calendar month, by either one or both accountholders.

2 What is considered a bill to earn the Pay Bonus Profit?

All the billers listed under bill payment, JomPAY and OCBC Home Financing payment.

3 Do monthly instalments and Standing Instructions qualify for the Pay Bonus Profit?

Yes, monthly instalments and standing instructions qualify for the Pay Bonus Profit so long as it is made from the channel of OCBC Online Banking to any of the below:

  • OCBC/OCBC Al-Amin home loan or financing facility
  • Any account with any bank/financial institution other than OCBC/OCBC Al-Amin
  • Participating billing organisations

4 Are there any payment channels that are not qualified?

Only payments made via the Financial Process Exchange (FPX) and DuitNow QR platforms do not qualify.

Payments made online, Interbank GIRO and DuitNow through the OCBC Online Banking channel qualify.

5 If I pay my takaful contribution or any of my bills from my OCBC Debit Card-i, am I eligible for the Pay Bonus Profit?

No. Payments from your OCBC Debit Cards-i are eligible for the Spend Bonus Profit instead. To qualify for the Pay Bonus Profit, you must make the payment(s) from your OCBC 360 Account-i.

6 I made 3 payments to my financing facility account. Why did I not receive my Pay Bonus Profit?

Multiple payments within the same month to the same merchant, payee, account and/or billing organisation will be deemed as ONE bill payment.

However, if you have made multiple payments to different accounts within the same billing organisation and each payment may be uniquely identified to a distinctive account, you will be eligible for the Pay Bonus Profit.

7 Are there any payments that are not considered eligible?

Any payments that are subsequently cancelled, reversed or voided will not be eligible for the Pay Bonus Profit.

8 Can I use JOMPAY on the Mobile Banking Application?

Yes, but you must register a JomPAYbiller on Internet Banking first so that it will appear on your Mobile Banking Application and thereafter, you may use JomPAY to pay your bills via the Mobile Banking Application.

Note: Billers must be registered on Internet Banking for them to appear on the Mobile Banking Application. You cannot add Billers via the Mobile Banking Application.


Ways to apply

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Fill in the online application form and visit your selected OCBC branch to verify your details.

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