Terms and Conditions governing digiPortfolio Recurring Top Up Promotion ("Promotion")
By participating in this promotion, you agree to the following Terms and Conditions governing the Promotion.
- This Promotion is valid for digiPortfolio recurring top up instructions which are set up via digibank app between 3rd July 2023 to 31st December 2024 (dates inclusive) (“Promotion Period”).
- Eligible Customers will be entitled to receive rebates on management fees incurred on recurring top ups made between 3rd July 2023 to 30th June 2025 (“Contribution Period”).
To qualify for the Promotion, a DBS/POSB customer must have set up a recurring top up instruction during the Promotion Period, and have completed at least 3 consecutive monthly recurring top ups (“Qualifying Transactions”) to any of the digiPortfolio(s) stated in Table 1 (“Qualifying Products and Criteria”) during the Contribution Period. (“you”, “your”, or “Qualifying Customer”)
Table 1 - Qualifying Products and Criteria
Qualifying Products Qualifying Criteria Reward SaveUp Portfolio • Set up recurring top up instruction during Promotion Period.
• Completed at least 3 consecutive monthly recurring top up1 transactions during Contribution Period
Rebate of management fee incurred on up to 6 consecutive monthly recurring top ups.
(Capped at S$125 per customer)
Income Portfolio Asia Portfolio Global Portfolio (ETF-based or UT-based) Global Portfolio Plus Retirement Portfolio 1Recurring top up transactions must be completed through the setup of a recurring top up instruction via the DBS digibank app. One-time (lump sum) top up transactions are not eligible for this Promotion.
- You must have at least 1 active digiPortfolio as of rebate crediting. digiPortfolios which have been closed as at rebate crediting, will not be considered for the reward.
- The Qualifying Criteria of 3 consecutive monthly recurring top ups (up to 6 consecutive transactions) may be from different portfolios and the eligibility of Qualifying Transactions will be assessed based on calendar months.
- Each Qualifying Customer will be entitled to one rebate only.
- The rebate amount will be finalised as soon as the succession of recurring top ups has ended, or when 6 consecutive months of recurring top ups have been reached, whichever comes first.
- The rebate will be credited into the DBS/POSB current/savings account used to fund the Qualifying Product on the final week of January, April, July, Sep depending on when your eligibility ends. If the DBS/POSB current/savings account has been closed at the time of crediting, the rebate shall be credited into another DBS/POSB savings/current account chosen by the Organisers.
- This Promotion is not valid with other offers or promotions unless otherwise stated.
- Any infringement to the aforementioned clauses will result in disqualification without prior notice to or authorisation from the Qualifying Customer.
- You consent under the Personal Data Protection Act (No. 26 of 2012) ("Act") to the collection, use, disclosure of your personal data by/to the Organisers and such other third party as the Organisers may reasonably consider necessary for the purpose of the Promotion, and you confirm that they agree to be bound by the terms of the DBS Privacy Policy, a copy of which can be found on www.dbs.com/privacy.
- If you provide DBS with the personal data of any third party, you hereby (1) agree on behalf of that third party to be bound by the DBS Privacy Policy; and (2) consent on behalf of that third party, to DBS' collection, use, disclosure and processing of his/her personal data in accordance with DBS Privacy Policy. You warrant that you have obtained the said third party's prior consent to such collection, use, disclosure and processing of his/her personal data by DBS and that the personal data that you provide to DBS is true, accurate and complete.
- The Organisers' decision on all matters relating to the Promotion is final. No correspondence or claims will be entertained. In the event of any inconsistency between these terms and conditions and any brochure, marketing or promotional material relating to the Promotion, these terms and conditions will prevail.
- Organisers may vary these Terms and Conditions or suspend or terminate the Promotion without any notice or liability to any party.
- A person who does not participate in the Promotion shall have no right under the Contracts (Rights of Third Parties) Act (Cap.53B) to enforce any of these terms and conditions.
- The terms of the Promotion will be governed by and construed in accordance with the laws of the Republic of Singapore and you agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore. This Promotion cannot be used in conjunction with other promotions or campaigns carried out by the Organisers, unless otherwise permitted by the Organisers in its sole and absolute discretion.
- All information is correct as at 06 February 2024.
FAQs on promotion
For a limited period, receive up to 6 months rebate of management fee (capped at S$125) on your recurring top ups made to digiPortfolio.
To qualify for the promotion, simply complete at least 3 consecutive monthly recurring top ups to any of these digiPortfolios:
- SaveUp Portfolio
- Income Portfolio
- Asia Portfolio
- Global Portfolio (ETF-based or UT-based)
- Global Portfolio Plus
- Retirement Portfolio
Recurring top ups must be made through the setup of a monthly recurring top up instruction via the digibank app.
One-time (lump sum) top up transactions or quarterly recurring top ups are not eligible for this Promotion.
You will qualify as soon as you complete 3 consecutive months of recurring top ups. Upon qualification, the recurring top up amounts from your first 3 months will automatically be eligible for management fee rebate.
If you continue to complete subsequent recurring top ups in the following 3 months in succession, the subsequent recurring top up amounts will also be eligible for management fee waiver.
The rebate amount will be finalised as soon as the succession of recurring top ups has ended, or when you have reached 6 consecutive months of completing recurring top ups, whichever comes first (capped at S$125 per customer).
Illustration 1
Here’s an example of how it works if you have completed 7 monthly recurring top ups consecutively to Income Portfolio.
Month | Qualification status | Recurring amount (S$) | Amount eligible for management fee rebate |
1 | Not yet qualified | $1,000 | - |
2 | $1,000 | - | |
3 | Qualified | $1,000 | Amount from months 1 to 3 |
4 | $1,000 | Amount from months 1 to 4 | |
5 | $1,000 | Amount from months 1 to 5 | |
6 | $1,000 | Amount from months 1 to 6 | |
7 | Qualification ends | $1,000 | - |
Illustration 2
Here’s another example if you have completed 4 monthly recurring top ups consecutively to Income Portfolio.
Month | Qualification status | Recurring amount (S$) | Amount eligible for management fee rebate |
1 | Not yet qualified | $1,000 | - |
2 | $1,000 | - | |
3 | Qualified | $1,000 | Amount from months 1 to 3 |
4 | $1,000 | Amount from months 1 to 4 | |
5 | Qualification ends | - | - |
If your DBS/POSB current/savings account has been closed at the time of crediting, the rebate will be credited into another DBS/POSB savings/current account under your name.