Anyone using Octopus O!ePay ?

[emx]

Original Post Deleted

AAVS is quite convenient, and you can preset the daily limit to $250 or $500, and you get the points/miles from the credit card it is linked to for each auto recharge.

[tljose]

I set up an account with them and have transferred money from Octopus to O! epay and O! epay to my bank account. Quite hassle-free, everything is done within the app, I didn't fill any form or go to a branch/station.

Never topped up with it though, I use AAVS.

[bdw]

I use O!epay every day for 2 things.

1) Lunch with my team every day. One of us pays with credit card and then the rest of us pay that person back with o!epay. Extra credit card reward points for all!!

2) To top up my kids octopus (AAVS is not supported for kids). So first I top up my o!epay account from my own octopus, if there is not enough balance it will trigger AAVS from my octopus. Then transfer from o!epay to kids octopus.

[MrMoo]

Original Post Deleted

Any store like 7/11 can do that too.

[Paxbritannia]

It's a great app. Highly recommended.

[shri]

@bdw

2) To top up my kids octopus (AAVS is not supported for kids).

Am I missing something here? The son's Octopus (something you get with the form that the school fills in for student fares) has been linked for a while to my HSBC Advance cc.

[penguins]

I use the O!ePay from time to time. Two main benefits:
1. There is no minimum top up amount when using the app. So I can top up, says $20 at a time for my kids' cards. (At places like 7-11, I think there is a minimum of $50.)

2. Very convenient especially when there isn't a place to top-up near where you are. E.g., as the whole family is dashing out to catch a minibus to go to the MTR station, you kid informs you that there is "no money" in his octopus card. There is no shops between here and the minibus stop, and the 7-11 is at the MTR station. Well, at least you have the app in your pocket.

Ok, there's a third benefit:
3. You can top up your O!ePay account using credit card (via the online banking website), which could allow you to earn some points. Top up at counters is by cash only (if I'm not mistaken).

[penguins]

Original Post Deleted

In my SCB online banking account, there is an option to transfer to my O!epay account. I just select one of my SCB credit cards to transfer from.

[bdw]

@bdw

Am I missing something here? The son's Octopus (something you get with the form that the school fills in for student fares) has been linked for a while to my HSBC Advance cc.

Actually I think you are right shri. My eldest actually just move from a child octopus to a student one and I've been too lazy to do the AAVS thingy. My younger one still on a child one. I think its the child one that doesnt support AAVS but the student one maybe OK.

[bdw]

Original Post Deleted

AAVS topups (from credit card to octopus) give credit card reward points. At least with Standard Chartered and Citibank they do. So with every $500 topup, I get $7.5 cash back (1.5%). For this reason alone, you really should activate the AAVS function and its very convenient.

Actually this reminds me another big reason I use O!epay every day. To scam credit card rewards from the banks. Every day can extract $500 from my octopus, which triggers an AAVS top up earning credit card points. Then dump the $500 back into my savings account (there in an option in the O!epay app to transfer out to savings account. You can do this scam for 16 days per month from memory (max $8000 per month can transfer out). After this, they start charging you fees for every transfer out which is more than the CC rewards you will get from doing it.