Fee Schedule
(With effect from 01 December 2021)
We wish to inform you that the Bank’s Fee Schedule has been updated.
The fee schedule shows the standard fees charged by DBS Private Bank for services provided to clients. All fees are charged in Singapore Dollars (SGD).
Transaction and Custody Charges1
Exchange Listed Securities2
| Market | Offline Brokerage | Custody Fees | ||
|---|---|---|---|---|
| Contract Value | Rate | Minimum Charge | ||
| Singapore | < SGD 100,000 >= SGD 100,000 | 0.50% 0.35% | SGD 100 | Waived |
| Hong Kong | < HKD 500,000 >= HKD 500,000 | 0.50% 0.35% | HKD 700 | 0.20% per annum and subject to minimum fee of SGD 100 (applicable for each market and payable semi- annually) |
| Canada | < CAD 100,000 >= CAD 100,000 | 1.00% 0.75% | CAD 150 | |
| United States of America | < USD 100,000 >= USD 100,000 | 1.00% 0.75% | USD 120 | |
| Malaysia | < MYR 300,000 >= MYR 300,000 | 0.75% 0.50% | MYR 350 | |
| Thailand | 1.00% | THB 3,700 | ||
| Japan | < JPY 10,000,000 >= JPY 10,000,000 | 1.00% 0.75% | JPY 13,000 | |
| Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Portugal & Spain | < EUR 100,000 >= EUR 100,000 | 1.00% 0.75% | EUR 95 | |
| Shenzhen A (via Stock Connect) | 0.50% | CNH 700 | ||
| Shanghai A (via Stock Connect) | ||||
| Taiwan | 0.75% | TWD 5,000 | ||
| Shenzhen B | HKD 700 | |||
| Shanghai B | USD 100 | |||
| Indonesia | 1.00% | IDR 800,000 | ||
| Philippines | PHP 5,000 | |||
| Australia | AUD 170 | |||
| New Zealand | NZD 180 | |||
| United Kingdom | GBP 65 | |||
| Denmark | DKK 700 | |||
| Norway | NOK 700 | |||
| Sweden | SEK 800 | |||
| Switzerland | CHF 95 | |||
| Other markets | USD 100 | |||
2 The brokerage charges are applicable for transactions which are executed through the exchange such as Warrants, Rights, Depositary Receipts, Preferred Shares, Exchange Traded Funds/ Bonds/ Commodity/ Notes/ Certificates and similar securities.
Exchange Listed Securities2
| Online Brokerage | |||
|---|---|---|---|
| Market | Rate | ||
| Minimum Charge | Custody Fees | ||
| Singapore | 0.12% | No minimum | Waived |
| Hong Kong | 0.15% | HKD 80 | 0.20% per annum and subject to minimum fee of SGD 100 (applicable for each market and payable semi-annually) |
| Canada | 0.25% | CAD 20 | |
| United States of America | 0.15% | USD 18 | |
| United Kingdom | 0.25% Stamp Duty: 0.5% applicable to buy trades | GBP 20 USD 30 EUR 25 | |
| Japan | 0.25% | JPY 2,000 | |
| Australia | 0.25% | AUD 20 | |
Exchange Listed Options
| Exchange Listed Options | USD 15 per contract including external brokerage fee subject to a minimum fee of USD 150 (each excluding miscellaneous fees) or its equivalent in such other currency |
Debt Securities and Structured Notes
| Market | Custody Fees |
|---|---|
| Singapore (bonds settled through CDP) | Waived |
| Other Bonds/Notes | 0.20% per annum and subject to minimum of SGD 100 (payable semi-annually) |
Investment Funds
| Sales Charge | Private Market fund3: Up to 3% of the committed investment amount (one-time charge fully payable upon call) All other funds: Up to 3% of the investment amount4 of the subscription trade |
| Custody Fee | 0.20% per annum of Net Asset Value of the funds that are chargeable, and subject to a minimum of SGD 100 (payable semi-annually) Waived for Funds available on DBS Funds Platforms5 |
3 Private Market Funds include investments in funds and companies where clients are referred to such opportunities via Private Equity Access. Typically, the Bank receives fees from the company/fund (“issuer”) for such successful referral. However, in some instances, the referral fees may be paid by both the issuer and the client, or solely by the client, to the Bank. This will be disclosed to the client during the referral. Please also refer to Section C of the Bank’s Monetary Benefits Schedule.
4 “Investment amount” refers to the sum indicated by the client for investment, and upon deduction of sales charges, the balance amount would be the basis for calculation of the number of units the client will subscribe for.
5 For the list of available funds, please consult DBS Online Funds Investment platform via DBS digibank or contact your Relationship Manager.
Making Payments
Remittances/Demand Drafts/Telegraphic Transfers
| MEPS Payment | Waived |
| Inward Telegraphic Transfer | |
| Outward Telegraphic Transfer | SGD 20 (excludes agent/correspondent bank charges) |
| Other General Out-of-Pocket Expense | Postage/ Courier charges/ SWIFT/ Telex/ Facsimile charges, Agent charges, Proxy voting fee and translation charges for Proxy material (where applicable) shall be reimbursed by the client |
| Demand Draft/ Telegraphic Transfer Handling Commission - Debit from account - Telegraphic transfer debited from SGD account /Multi-Currency Autosave via iBanking | Waived Waived |
Other Service Charges
Equity Private Placements
| Equity Private Placements during Initial Public Offerings6 / Secondary Offerings6 | Up to 2% of the allotment value (including external brokerage fees) |
| IPO Processing Fees | - Local – SGD 100 - Overseas – SGD 150 |
6 The Bank and/or its associates may additionally receive fee rebates and marketing sponsorship from the product issuer. There may be third party fees and charges which are charged separately to the client and not set out in this Fee Schedule.
Managed Services
| Discretionary Portfolio Management | - Management fee: Up to 1.25% per annum of the average daily closing levels of the net asset value of the managed portfolio (as determined by the Bank). Deducted from the managed account on a semi-annual basis - Transaction fee: Up to 0.30% (including brokerage fees) - Custody fees as applicable |
| Managed Advisory | - Advisory fee: Up to 1.50% per annum of the average daily closing levels of the net asset value of the managed portfolio (as determined by the Bank). Deducted from the managed advisory account on a quarterly basis - Transaction fee: Brokerage fees - Custody fees as applicable |
| FundFlex7 | - FundFlex fee: Up to 1.50% per annum of the average daily closing levels of the net asset value of all the fund investments held in the fund portfolio (as determined by the Bank) - Subject to a minimum of USD 1,350 payable quarterly and deducted from the FundFlex account - Custody fees waived |
7 A funds account service with access to mutual funds and hedge funds that are identified for, and selected by clients. DBS does not receive trailer fees for such identified funds.
Account Fees for Commodity Investment Account
| Gold | 0.05% per annum and subject to a minimum of SGD 100 (payable semi-annually) |
| Silver | 0.25% per annum and subject to a minimum of SGD 100 (payable semi-annually) |
Gold Bullion (Physical)
| Custody Fees | 0.50% per annum and subject to a minimum amount of SGD 100 (payable semi-annually) |
| Outward Transfer | USD 100 per kilobar, subject to a minimum amount of USD 1,000 per transfer request |
| Withdrawal | USD 100 per kilobar, subject to a minimum amount of USD 1,000 per withdrawal |
| Visit to the vault | Such amount(s) as imposed by sub-custodian from time to time |
Digital Tokens (traded on DBS Digital Exchange)
a) Cryptocurrencies
| Brokerage | Up to 1% of transaction value and subject to a minimum amount of SGD 100 per transaction |
| Exchange Fees | 0.10% of transaction value |
| Custody Fees | 0.50% per annum payable semi-annually and subject to a minimum amount of SGD 100 on each payment |
| Outward Transfer/Inward Transfer8 | SGD 100 per transfer plus other charges and expenses, if applicable9 |
b) Security Tokens10
| Security Token Offerings/ Private Placements | Up to 3% of the allotment value |
| Brokerage | Up to 1% of transaction value and subject to a minimum amount of SGD 100 per transaction |
| Exchange Fees | 0.10% of transaction value |
| Custody Fees | 0.20% per annum payable semi-annually and subject to a minimum amount of SGD 100 on each payment |
| Outward Transfer/ Inward Transfer8 | SGD 100 per transfer plus other charges and expenses, if applicable9 |
8 "Inward Transfer" refers to transfer of Cryptocurrencies / Security Tokens into your account with DBS Bank Ltd (“DBS”), and “Outward Transfer” refers to transfer of Cryptocurrencies / Security Tokens from your account with DBS.
9 Other charges and expenses refer to any expenses that may be incurred by DBS in relation to the Inward or Outward Transfer of Cryptocurrencies / Security Tokens, including but not limited to gas/miners’ fees, locally mandated charges, commissions, taxes, special handling transfer, and any exceptional fees that may apply.
10 Security Token is a digital representation of underlying assets and may be issued directly by the issuer, or issued by the holding vehicle that holds the relevant asset. Security Tokens are traded on the DBS Digital Exchange.
Other Charges
| Asset and Account Administration Fee | 0.05% p.a. on month end assets, payable semi-annually |
| DBS Foreign Currency Current Account -Monthly service charge (No minimum initial deposit is required) | Waived |
| Multi-Currency Settlement Account Interest Rates11 | Visit go.dbs.com/sg-wealth-mcsa-interest-rates for more details |
| Multi-Currency Settlement Account Incidental overdraft interest charge (for accounts without overdraft facility) | Prime + 5% p.a. payable on the overdrawn amount |
| DBS Private Bank Service Fee | SGD 4,000 per annum# Waived at the sole discretion of DBS Private Bank if the average Assets under Management (AUM) for the preceding six months, aggregated from all account relationship(s) with DBS Private Bank, is more than SGD 5,000,000 # SGD 2,000 payable semi-annually in January and July |
| Banker’s Guarantee (BG) - Financial BG - Performance BG (less than 2 years) - Performance BG (more than or equal to 2 years) | 0.75% p.a. 0.75% p.a. 0.75% p.a. (min. SGD 100. Additional SGD 50 will be charged for non-standard format) Above excludes incidental charges such as postage, cable, etc. |
| Credit Cards | Waiver of Annual Fee for all DBS/POSB Credit Cards (excludes Insignia Card and DBS Vantage Card) |
| Retrieval of Documents/ Statements (within 3 years) | Waived |
| Processing fee for Transfer of Investments in Private Market Funds (The Bank does not accept the transfer-in of private market funds from another financial institution) | SGD 5,000 per instruction |
- Account Fees (for Commodity Investment Account) and Custody Fees (for Exchange Listed Securities, Debt Securities and Structured Notes, Funds and Gold Bullion) will be based on the market value as at month-end.
- The above fees are subject to review from time to time at the discretion of the Bank.
- With the exception of investment funds sales charges, all other fees and charges listed are exclusive of the applicable local taxes such as Goods and Services Tax (being 7% in Singapore as at the date of print), which is payable by you in addition to these fees and charges.
All charges for retail services or transactions that are done via a retail platform will be accorded based on the DBS Treasures Pricing Guide. DBS Treasures Pricing Guide is available via go.dbs.com/sg-tre-pricing-guide.