Pro-tip: Easy Way to Meet UOB One Account Salary Requirement

Have a UOB One Account and can’t quite clock the salary requirement? It could be because you’re a freelancer and don’t have a fixed salary, or your salary is already used to satisfy the salary requirement of another account. Perhaps you just don’t want to disturb your HR person.
Regardless the reason, you can easily meet the salary requirement for UOB One Account by doing a simple FAST transaction or PayNow transfer from one of your other bank accounts to your UOB One Account and selecting Salary Payment as for the Purpose of Transfer. Some banks only allow you to set the transaction type for FAST, while some banks allow you to set for PayNow transfers. Either is fine (yes even FAST works, stop asking) as long as you get to choose the Purpose of Transfer/transaction type.
This nifty tip was discovered and shared by Hamizan in our Telegram group chat, and it still works in March 2023. April 2023 June 2023.
You can check the status of your salary credit in your UOB app, and it should be reflected about 2 days after the credit is done.

Get 10 free shares with Webull! Otherwise, get an easy S$5 Lendlease voucher here in just minute.
Subscribe to the Telegram for more great deals and updates. Prefer email or WhatsApp? Tap here.
Will it close?
As with most “hacks”, if this can be considered one, there’s always a risk of it being shut down by the bank. My advice is to do it as early in the month as you can, because for whatever reason this stops working, you have some time to arrange for another salary payment to be credited into your account. That might mean having to disturb HR after all, or find a helpful friend with a corporate bank account.
Personally, I think the risk of UOB closing this loophole of sorts is small. As I mentioned in the group chat (see what you are missing out), banks want you to credit your salary so that their product becomes a bit stickier. The vast majority of UOB One customers are probably going to dutifully instruct their HR to credit their salaries to their UOB One Accounts, and they’re probably going to keep using UOB One acc
Now if only we have a hack for the Spend requirement…

UOB One Account
Up to S$110 cash credit comprising EITHER 1a) S$60 cash credit, OR 1b) S$30 cash credit and 2) S$50 cash credit:
Get as much as 5% p.a. effective interest on $100,000 balance!
Keep up to date on the best cashback/mile cards, financial products, attractive deals, and more tips to maximise your financial wellbeing by subscribing to my Telegram channel.
Subscribe to the channel, then join the group chat. You would often benefit from the tips shared exclusively in the group chat!
Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Thank you for supporting my site!
Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opnion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).
By transferring a “SALARY” to your account, will you incur tax issues? As in, now there is a salary that I have to report?