1. | The Promotion period is from 1 April 2024 to 30 June 2024 (“Promotion Period”). |
2. | To participate in the Fresh Funds Offer, Customers must register through their Treasures Relationship Manager between 1 April 2024 to 30 June 2024. |
3. | To qualify for the Fresh Funds Offer, Customers must fulfill the following criteria during the Promotion Period: - Deposit Fresh Fund(s) from outside DBS/ POSB of at least SGD350,000 / SGD500,000 / SGD1,000,000 (“Fresh Funds Deposit”), or its foreign currency equivalent to their DBS/POSB Current Account/ Savings Account (“CASA”) tagged to their current DBS Treasures relationship. The Fresh Funds Deposit must be maintained with DBS for at least 3 months from the date of deposit, with a corresponding increase in Customers’ total asset under management (“AUM”).
Customers will not qualify for the Fresh Funds Offer if the transfers are made from any account within DBS, whether directly or indirectly. The Fresh Funds must not be used in any other ongoing Deposits/ Fresh Funds promotions during the Promotion Period or placed in any Fixed Deposit/ Time Deposit accounts. - Successfully complete Investment Objective Setting (“IOS”) / Your Financial Profile (“YFP”) with their DBS Treasures Relationship Manager.
- Successfully declare Accredited Investor (“AI”) status with DBS Treasures
Purchase a minimum of SGD100,000 in Eligible Wealth Product(s). Customers can purchase the wealth product with the Fresh Funds by 31 July 2024 to qualify for the Fresh Funds Offer. An “Eligible Wealth Product” refers to: - Unit Trust subscriptions made in cash only via online/mobile/Relationship Managers not including subscriptions made in Regular Savings Plan (RSP), Supplementary Retirement Scheme (SRS) and Central Provident Fund (CPF)
- Equity trades executed in the seven global markets offered online via DBS Online Equity Trading platform. Excludes any trade in a structured product issued by DBS and listed on the Hong Kong Stock Exchange
- Currency Linked Investments
- Credit Linked Note
- Step-up Note
- Cap Floor Floating Rate Note
- Equity Linked Notes
- Cryptocurrencies
- Bonds
- Structured Deposit
- Funds-based digiPortfolio
- * Regular premium insurance plans, valued at annualized premium amount - i.e. A monthly premium of SGD2,000, would be valued at SGD24,000 (SGD2,000 X 12 months)
- * Single premium insurance plans, valued at single premium amount - i.e. A single premium amount of SGD100,000, would be valued at SGD100,000 (minimum policy term of 10 years)
- * Multi-pay universal life insurance premiums, valued at initial annual premium – ie: An initial annual premium of SGD10,000, would be valued at SGD10,000
*For the avoidance of doubt, policy owner of any insurance purchase must be the same as the customer who registered for the Fresh Funds offer |
4. | Customers who qualify for the Fresh Funds Offer are entitled to receive the below cash gift, which will be credited to their DBS/POSB CASA by 30 September 2024. - a cash gift of SGD2,200 with Fresh Funds Deposit of at least SGD350,000.
- a cash gift of SGD4,200 with Fresh Funds Deposit of at least SGD500,000.
- a cash gift of SGD8,500 with Fresh Funds Deposit of at least SGD1,000,000.
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5. | Must maintain their current DBS Treasures relationship for at least 6 months from the date that the relationship is established. |
6. | Each Customer will only be entitled to one cash gift regardless of the number of accounts the Customer has with DBS/POSB and whether held singly or jointly with any other person(s). |
7. | Customers who fail to fulfill the above criteria, DBS reserves the right to debit the amount equivalent to the cash gift, from any account that the Customer maintains with DBS/POSB. |
8. | DBS will have the final decision on all matters regarding the promotions. |
9. | DBS may change these terms or suspend/terminate any of the promotions without giving notice. |
10. | The Customers consent to DBS’ collection and use of the Customer’s personal data and the use and disclosure of the Customer’s personal data by/to third parties for the purpose of the promotions. The Customers agree to the terms of the DBS Privacy Policy, a copy which can be found at www.dbs.com/privacy. |
