Fee Schedule
(With effect from 01 September 2020)
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 | |||
1 In addition to these fees/charges, the Bank and/or its associates also receive other monetary and non-monetary benefits. Please continue to refer to the “Monetary and Non-Monetary Benefits Schedule” herein.
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.
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 | |
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 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
Please refer to the Monetary and Non-Monetary Benefits Schedule section for more details.
| 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 Equity fund: Up to 3% of the committed investment amount (one-time charge fully payable upon call) All other funds: Up to 3% of the investment amount 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 Platforms3 |
3 For the list of available funds, please consult DBS Online Funds Investment platform via iWealth 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 Offerings4 / Secondary Offerings4 | Up to 2% of the allotment value (including external brokerage fees) |
4 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 |
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 Products
| Custody Fees | 0.50% per annum and subject to a minimum amount of SGD 100 (payable semi-annually) |
| Inward Transfer | Waived |
| 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 |
Other Charges
| IPO Processing Fees | Local – SGD 100 Overseas – SGD 150 |
| 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 Rates5 | 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 (minimum SGD 20) |
| Minimum overdraft interest charge (for accounts with overdraft facility) | SGD 10 |
| 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) |
| Retrieval of Documents/ Statements (within 3 years) | Waived |
| Processing fee for Transfer of Investments in Private Equity Funds (The Bank does not accept the transfer-in of private equity funds from another financial institution) | SGD 5,000 per instruction |
5 MCSA Interest Rates may change without prior notice. Please refer to go.dbs.com/sg-wealth-mcsa-interest-rates for updated details.
Important Notes:
- 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.
- 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 other charges for retail services will be accorded based on the DBS Treasures Pricing Guide. DBS Treasures Pricing Guide is available via go.dbs.com/sg-tre-pricing-guide.