UOB Promo: Earn up to S$1,000 guaranteed cash with fresh funds

What happened?

UOB is currently running a new Big Savings Payout Promotion that allows you to earn up to S$1,000 guaranteed cash in a few simple steps.

This promotion is available to all current and new UOB customers, and it will end on 29th June 2024, so you should read on to find out below how you can qualify for this promotion.

What’s the deal with the UOB Big Savings Payout Promotion?

UOB is running a Big Savings Payout Promotion where you can earn up to S$1,000 guaranteed cash when you top up your eligible UOB savings account. 

• Top up S$20,000 new funds to get S$80 cash credit
• Top up S$50,000 new funds to get S$250 cash credit
• Top up S$100,000 new funds to get S$550 cash credit
• Top up S$150,000 new funds to get S$1,000 cash credit

Eligible UOB savings accounts include the UOB One Account, UOB Stash Account, UOB Lady's Savings Account, UOB Passbook Savings Account and UOB Uniplus Account.

Note that for existing accounts, the Incremental Fresh Funds must result in an increase in the account balance compared to the Monthly Average Balance for March 2024.

Yes! It is as simple as that. Once you have deposited fresh funds into the eligible UOB saving accounts, you will receive the cash credit rewards in addition to the interest earned based on the savings account. 

You can refer to the full terms and conditions of the promotion here. 

Is there any catch to the UOB Big Savings Payout Promotion?

One thing you should note of is that your fresh deposits will be earmarked for 4 months. Since this might be a new concept to you, let’s go through what this means in more detail. 

When your deposits are earmarked, you will not see the funds in your account statement and they cannot be withdrawn for the next 4 months! 

Please refer to the table below to see when the Earmark End Date is. While there is no auspicious timing to deposit your cash, the most ideal date to deposit your cash is always the later part of the Qualifying Period e.g. 30 April, 31 May and 29 June 2024.

Stand a chance to win an additional S$1,200 from the lucky draw

On top of the promotion, you will be automatically enrolled into the Lucky Draw if you are eligible to receive the guaranteed cash credit. Stand to be one of 10 winners to share S$12,000 worth of NTUC vouchers in the Lucky Draw!

This means that the 10 lucky draw winners can score an additional S$1,200 each!

Furthermore, you will be awarded 2 instead of 1 lucky draw chances if you successfully apply for a new account as the primary account holder and your new account application has been approved during the Promotion Period.

Can I transfer funds from another UOB account to participate in this promotion?

Incremental fresh funds must be brought into your eligible UOB savings account and must not be transferred from an existing UOB current/savings account.

Can I register for the promotion multiple times?

While it is a good deal, you can only receive the cash credit once under this promotion.

If you submit more than one participation form during the promotion period under this promotion, UOB will only use and recognise the last participation form submitted within the earliest qualifying period to determine your eligibility for rewards and for earmarking purposes. 

Let’s use an illustration where you deposit S$100,000 of incremental fresh funds on 3 April 2024, and you submit:

1. a participation form indicating S$100,000 on 3 April 2024 (First Form), 
2. a participation form indicating S$50,000 on 27 April 2024 (Second Form) 
3. a participation form indicating S$100,000 on 10 May 2024 (Third Form)

UOB will only recognise the second form since it was the last participation form submitted within the earliest qualifying period and your participating deposit will be S$50,000.

How to apply for UOB Big Savings Payout Promotion?

Step 1: Visit the UOB Big Savings Payout Promotion page and register your participation.

You will need to:

• Key in your phone number that must match the Bank’s records
• Key in your email address
• Key in a valid 10-digit eligible UOB savings account number
• Select your Participating Deposit

Step 2: Deposit a minimum amount of S$20,000, S$50,000, S$100,000, or S$150,000 in Incremental Fresh Funds (the “Participating Deposit”) into your eligible UOB savings account.

The UOB Big Savings Payout Promotion is one of the ways that we can do so with fairly minimal effort.

More importantly, the cash credit is guaranteed!

We just need to be aware that the money put aside will be locked up for close to 4 months, and make sure that it is not emergency cash we would need at short notice. 

Learn more about the UOB Big Savings Payout Promotion here.