Multiplier is simpler than ever for all!

You can apply for DBS Multiplier Account via the digibank app.

Below are 3 simple steps on how you can open your account instantly

1. Register for Singpass if you have not done so. Click here to register.

2. Download digibank app

3. Apply for your account using Singpass, upload your passport (for Malaysian, upload front and back of your Malaysian IC) and your account will be opened instantly.

All you need to do is log in and refer to the following guided steps:

digibank Online

To apply for a new DBS Multiplier Account:

• Select Apply > Deposit Accounts > DBS Multiplier Account > Instant Apply OR
• Request > Opt-in Bank & Earn Programme

digibank App

To apply for a new DBS Multiplier Account:

• Login to your digibank app, tap on ‘Apply’ followed by ‘Deposits’ and tap on ‘DBS Multiplier Account’.

For account opening between Mondays to Sundays (including Public Holidays), 7am to 10.30pm or on the last day of the month between 7am to 8pm, the account will be opened instantly. Beyond these periods, account opening will take 2 working days.

You can convert your existing personal DBS Autosave or DBS Multi Currency Account (joint account not allowed) to DBS Multiplier Account:​

• Select Request > More Requests > Request for DBS Autosave Account Conversion

Your DBS Multiplier Account pays you interest in two parts:

1. Base interest: This gets added to your account on the last day of each month.
2. Bonus interest: If you've earned any bonus interest, this gets added to your account by the 7th working day of the next month.

Here's how we work out your interest:

• We add up all the eligible transactions for the full month. This total helps us figure out your bonus interest rate.
• The bonus interest rate applies only to your end-of-day SGD balance. The balance cap is the maximum amount of money that can earn bonus interest.
• We calculate the interest earned for each balance level. Then we round this off to the nearest four decimal places.
• We add up each day's interest earned and round this off to the nearest two decimal places.
• Finally, we add up the entire month's interest.

Where the last day of the month or the year is a Sunday or public holiday in Singapore, interest for that day will be calculated based on the balance as at the preceding Business Day. For transactions performed towards the end of the month, recognition may take place the following month.

With the Bank & Earn Summary, you can check how much bonus interest you have earned and the current bonus interest rate you are eligible for.

On your digibank Online or digibank app

Step 1: Log in to digibank Online or digibank app. Under Deposits, select your DBS Multiplier Account.

Step 2: Select Bank & Earn.

Step 3: View your eligible transaction breakdown and the interest rate you qualify for. Your interest earned is updated as of 2 days ago.

Spend with any DBS/POSB personal credit card(s)

• Eligible credit card spend consists of retail and cash advance transactions posted within the calendar month. Reversals/credits/refunds posted will offset eligible credit card spend.
• Eligible credit card spend across main cards & supplementary cards are accorded to the main cardholder.

Find out more about DBS Credit Cards here.

Spend with PayLah!

Eligible PayLah! transactions will be recognised within 2 business days from the transaction date and includes:

• Payments to merchantsthrough PayLah! in-app checkout, web checkout, express checkout
• Scan & Pay transactions
• Payments to billing organisations

Download PayLah! now

Spend with TravelLah! Debit Card

Eligible TravelLah! Debit Card transactions will be recognised post-settlement date within the calendar month. Only applicable to Multiplier account holders aged 29 years old and below.

• Valid for new and existing DBS/POSB home loan, for new home purchase or refinancing from another bank/HDB.​
• The monthly instalment due (both cash and CPF included) on your DBS/POSB home loan(s) are included in the eligible transaction.
• The first 3 joint borrowers will be accorded the full monthly instalment amount due as eligible transaction.
• Find out more about DBS Home Loans here.

Multiplier recognises all Manulife Regular, Flexible and Single Premium insurance policies distributed by DBS/POSB purchased after Multiplier Account is opened. No minimum premium amount required.​

The inclusion of the monthly premium amount as an eligible transaction will start on the 23^rd of the following month after the policy inception date and continues every 23^rd of the month for 12 consecutive months as long as the policy is in force.

Example:

Regular and Flexible Premium Policy

• Recognition of the monthly premium is calculated by dividing the annualised premium by 12.

Single Premium Policy

• The monthly premium amount will be calculated by dividing the single premium amount by 120 (based on 10% of the single premium amount to divide across 12 months).

Note: For foreign residents, the identification number registered with Manulife and DBS/POSB must be identical in order for the Manulife insurance policy(ies) to be recognised. If your identification number (e.g. passport number) differs between Manulife and DBS/POSB, we are unable to recognise this policy.

For more information, you may refer to the Insurance section in our Multiplier FAQ.