Hello, folks! Our DBS B'day contest is now closed and we have our winners! All your submissions were fun to read - you guys are so creative!

Congratulations, @koolk1d , @Rohith , @Shineaslights, @brownbear32, @Contactcookie, @Nick, @Gnauhceey for the best guesses!

Not to forget, some honorable mentions to celebrate your creativity @Alphaalpha, @Paulcsc, @3xistence.

All 10 of you will receive limited edition community swag: 'The Burrow' branded invisible laptop stand! We will contact you via your DBS-registered email by Monday, 19 July 2021. Lookout for that!

Some of you might have joined our little bingo challenge last year.<bit.ly/2SJcly6> Excited to introduce an exciting new update, bigger and better than ever:

DBS Bingo go.dbs.com/365zoWS

3 different 'patterns' to win

1. Complete D, B, S, or X (DBS Spark)
2. The traditional 5 consecutive tiles
3. Weekly wildcard challenges

Bingo tile actions you have completed from 1 Jan - 31 Jul 2021 will be counted, so you might already be way ahead of the game!

• Submit as many times as you want
  Winners will be selected via a lucky draw - the more times you submit, the higher your chances of winning!

The Burrow Exclusive - Secure a SURE WIN gift!
Submitting your completed bingo?

• Click on 'SAVE YOUR BOARD AND SHARE IT WITH FRIENDS!' on the main Bingo site to save the Bingo picture.
• Submit your completed Bingo card in this thread. One completed card is one entry!

The top 2 members with the most number of BINGO boards shared below will receive S$60 Takashimaya vouchers!

Make sure to check back on this thread to not miss out, as we'll be posting all bingo-related updates here.

#hearitfirst! Last year, over 100+ of you shared your first insurance journey.

Because of you, we kick-started development for a brand new starter pack that provides:

1. Essential coverage ️
2. Low premiums ️
   The next gen of first-insurance-buyers will thank you! 🤩

Be one of the first 30 to help share your thoughts here <forms.office.com/r/s4XC0bwU55> to stand a chance for more food-deliveries with a $10 foodpanda voucher*!

*Terms and Conditions apply. Applicable for use only with DBS/POSB Cards.

Thank you all for your amazing submissions! Because the competition is super tight with everyone's good feedback AND hacks, the Community Team will be taking 1 more day to deliberate the responses.

Winner will be announced via this thread by 13 August 2021 and notified via your bank-registered email. Good luck!

Did you know?
You can create a 'The Burrow' tile on your mobile device to easily come back and engage in the conversations you love easily. Check out the steps below!

Announcements
Find #hearitfirst updates from our community managers, get first dibs on banking news, and even partake in a special project or two whenever they come along. Keep your eyes peeled here!

Improve How I Manage My Money
Looking for budget 101 help? Just can't seem to grow your savings any further? Start a conversation here or feel free to dish some experiences of your own!

Grow & Protect My Nest Egg
Whether you have idle funds you'd like to optimise, or looking for advice to get covered against the unforeseen - you're in the right place.

My Home and I
Building your own sanctuary is a dream. Now let's talk about the realities: everything it costs to get there.

Ready for Retirement
Your golden years may still be a diamond in the rough. Let's chat about everything from government schemes to estate planning, and help you reach that future you deserve.

Kids & Family Matters
Parents, assemble! Trade tips on growing wealth as a family, teaching good financial literacy habits to your kids...and support one another through the good and not-so-good times!

Banking Help & Support
Need a little help with your banking? Drop your questions here and our friendly Customer Service Team will get back to you ASAP.

Did you know? We have self-help AND digital banking resources that may just have what you need as well:

1️⃣ Self Service <go.dbs.com/selfservice-tbw>
2️⃣ Help & Support Guides <go.dbs.com/helpsupport-tbw>
3️⃣ Digital banking services <go.dbs.com/digiservices-tbw>

Everything Fun
We're a community that knows how to have a good time. Get first dibs on contests, giveaways and events here. They're community exclusives, so make sure to invite a new family member/friend to come join The Burrow!

Hello @Winwin ! No I am not a bot...heh. Apologise for the slow replies as it's our small team squirrelling away to answer each and every one of you.

In the meantime, so happy you're back! We do seek your patience - more to come including exclusive AMAs with some product experts...keep your eyes peeled.

Our quick-fire contest is now closed! One abbreviation that surprisingly got you was ROI. Check out the jargon breakdown HERE. #themoreyouknow

Congratulations our first 30 members with the correct answers! Winners will be contacted by 19 July 2021 via their DBS-registered email. Make sure to check your inbox!

@HA
@damz
@Chuanbin
@mint
@ak
@Hicksian
@Qirui
@brownbear32
@bryan
@Twz
@KevinTan
@Heidi
@ChrisChc
@TC
@sjh1993
@msixism
@Audreykjy
@falabella
@abraham
@Eugene
@Rohith
@jeegley
@Meaning
@Evansusu
@suren
@nic
@jztoh
@Gladys97
@Jasmine
@GL

Happy to share that we've some students and young adults coming in from the DBS Students Only telegram. Welcome, welcome! We've got some beginner-friendly tips to start you personal financial journey now.

1. Set up a solid long term goal and hold yourself accountable
   There is no way that you'll one day wake up with everything you need without proper planning. This is where goal-setting and routine check-in take place. Please consider: the inflation rate, possible protection gaps, money for leisure and retirement. Use NAV Planner, a handy planning tool within your digibank app to help gain some perspective. Have your phone on you? Just log into digibank and hit 'Plan'!

2. Investing? Hold your horses
   Proceed with caution ONLY AFTER you've accrued at least 6 months of emergency savings (that you do not plan to touch for everyday use). Learn to observe and weigh out your risks. Once confident, aim to have Invested Assets to Net Worth ratio (Assets - Liabilities) of at least 50%. Sounds complicated? It doesn't have to be - get started with a Regular Savings Plan or explore DBS digiPortfolio.

3. Top up your parents' CPF accounts
   Maximise their nest egg and get some tax relief for yours. Get dollar-for-dollar match into the Retirement Account (RA) with Matched Retirement Savings Scheme (MRSS) to help senior Singaporeans to meet their Basic Retirement Sum (BRS).

**‍️ Admin's note: ** If you're new here, take some time to learn (or refresh!) yourself with financial planning concepts that you might have come across previously. Having some foresight to work on your finances now can help with easing the burdens Future You might have down the road. Stay resilient, everybody!

Hi @getitgt! Ah the perils of parenting - one of our community managers is a mum herself, so we've chatted about this topic before. Here's what she has to share:

"I think every parent would want to cover their child's education if they could afford to! However, it's not always the most ideal situation especially if one is working towards his/her own golden years. These days, it is also best to not rely on children as a 'retirement plan'.

A popular option for parents is to start with an endowment plan early that helps to protect savings, while making sure savings are in an account that yields the highest possible interest. This may be tough these days given the low-interest rate environment, so if you haven't already - strong encourage to consider investing in unit trusts, bonds, equities or Exchange Traded Funds (ETFs).

A good way to kickstart your child's financial literacy is sharing some ways he/she has to 'pay you back' if you're helping out first:

• If using your CPF drawn under the CPF Education Scheme, this is to be paid back by your child with interest into your CPF account

• If paying with your own cash upfront, work out a plan between both of you so that your child is responsible for paying you back once he/she starts working. This also gives them the responsibility to budget and account for repayments, food, transport, and so on, when they start working!

Of course, if your child is able to cope with studying/working part-time, it doesn't hurt to pick up some real-life experience while earning some money while they're at it. Good luck! "

Would you get it

We’re so happy you guys had this chance to get your home and home-loan related questions answered by our DBS Property Marketplace team. This AMA may be over, but you can still ask questions and carry on with discussions here on The Burrow.

To the members tagged in this message, don’t forget to email us at [email protected] by 17 SEP 2021 using you’re bank registered email address so we can send you your gift. Thanks to everyone who participated! #GrowWithTheBurrow

@UncleSam
@Marcus
@Wc
@bryan
@GEORGESIM98
@jeegley
@coldkohmew
@ihuazai
@Kuutti
@Nerdry

Hi zay,

I see you require account specific assistance and you need to contact our customer service channel. Tap https://www.dbs.com.sg/personal/bank-with-ease/contact-us for all the service channels available and reach out to them asap.

Keep in mind that our community is not able to assist with account specific issues and is not the right space to be sharing personal information. For your privacy and safety, do not share your account and personal information here. We will be masking the sensitive details in your post for security reasons.

In the mean time, we'll do our best to get you in touch with the relevant team for assistance.

My husband and I are looking forward to getting the keys to our BTO by the end of this year. We're excited to renovate and design our space but have different ideas on how to get this done.

I want to have the entire flat renovated and fixed in one go which would mean taking up a renovation loan. He on the other hand would prefer to spread out the expenses and renovate room by room.

Needing some outside advice here... What would you do?

Hi, jrmlar!

The bond will come in the form of a banker's guarantee, which you can apply for at the branch. You can call the service centre <www.dbs.com.sg/personal/bank-with-ease/contact-us> and see if there's a special request they can put in for you. Just keep in mind that this special request will be subject to approval.

Thanks again for participating, y'all! To the winners tagged here, please check your email cause we started sending out the vouchers. For those that haven't gotten emails, do ensure you send in that email to [email protected] asap so we can get you your prize.

Hello guys! Please check your emails (spam folder included!) for the eCapitaVouchers. We've sent most of them out. If you have yet to email us, do so by today (23 Aug 2021) so we can still send you your prize! Otherwise, it'll be forfeited. In case you don't have it yet, our email address is [email protected].

Opens 30 August 2021 - start asking your questions below NOW

Excited to share yet another exclusive Community Ask-Me-Anything (AMA) segment. This week, we invite experts from DBS Property Martketplace to answer your questions—from home ownership to the best ways to refinance your loan, or simply to find out what the team's own home-buying journey looks like.

Ask DBS Property Marketplace anything about…

Should I go for a bank or HDB loan?
BTO or resale?
How much can I afford for my property?
How do I map out milestones in the journey? ️

The AMA thread will be OPEN from 30 August to 5 September, during which our Property Marketplace team will be popping in to answer and engage with all of you.

It's simple: ask a question, get it answered. Look out for the @DBS handle and you'll know it's an official reply.

Bonus: To encourage insightful questions that will help our other members to learn and grow, the community team will pick *10 members to receive a S$10 eCapitaVoucher from us at the end of the AMA.

This AMA is intended to be an informative and educational session for members of The Burrow to learn from a topic expert at DBS. Questions can be submitted via this thread and will be answered at any time between 30 August to 5 September (when thread officially closes). Do note that Original Poster (OP) will not be addressing questions on financial advisory/stock picks and/or queries of a similar nature. Community Managers reserve the right to remove any questions that are not relevant and/or defamatory at their own discretion. Please refer to the Community Group Rules as a guideline.

Community Managers reserve the right to select 10 questions at their own discretion to receive a S$10 eCapitaVoucher, based on clarity and usefulness of question asked. Priority will be given to new Community members (between week of 16 August to 5 September) and members who are making their first community post.

Hey, LFwoo! I'm afraid the banker's guarantee applications are only done at the DBS branches. I'd recommend you reach out to the service team. Do share more about the need behind a banker's guarantee and they can assist look into other alternatives.

Sharing the link below for options on how to reach the service team.

Link: https://www.dbs.com.sg/personal/bank-with-ease/contact-us

If it's a DBS Treasures account you want to open, you can download the DBS digibank HK app and open one from there. This is open to Hong Kong Permanent Residents over 18yrs old. Tap on the link below for the full list of eligibility and other pertinent information.

https://www.dbs.com.hk/treasures/join-dbs-treasures/index.html#join