Terms and Conditions

Terms & Conditions Governing the DBS SME Banking Lunar New Year Lucky Draw (“Draw”).

Participation in the Draw constitutes acceptance of these Terms & Conditions.

  1. The Draw is organised and conducted by DBS Bank Ltd. (the “Bank”).
  2. The Draw is open to small-to-medium enterprise (“SME”) customers of the Bank who have qualified to receive rewards pursuant to:
    1. the DBS SME Banking Lunar New Year Existing Customer Promotion; or
    2. the DBS SME Banking Lunar New Year New Account Promotion,
    (each such customer, an “Eligible Customer”).
  3. All Eligible Customers will be automatically enrolled for participation in the Draw.
  4. The Draw will be conducted on 16 August 2021 at 12 Marina Boulevard, DBS Asia Central @ Marina Bay Financial Centre Tower 3, Singapore 018982 or on such other date or venue as the Bank may determine without giving any reason or assuming any liability to any person (“Draw Date”).
  5. Ten (10) unique winners (“Winners”) will be drawn at random by the Bank on the Draw Date using such methods and in such manner (which may be manual or computerized) as the Bank may determine.
  6. Each Winner will receive a one-time S$1888 cash reward (“Prize”) which will be credited to that Winner’s DBS SGD Business Account within 30 calendar days after the Draw Date.
  7. The Prize is non-exchangeable, non-transferable, non-assignable and non-redeemable for any other items in part or in whole. The Bank reserves the right to replace or substitute the Prize with another prize of a similar value at any time and without prior notice.
  8. The Winners will be published by way of an electronic direct mailer which will be sent to all Eligible Customers within 30 calendar days of the Draw Date. 
  9. Each Winner is entitled to receive only one (1) Prize. If a Winner closes all of its DBS SGD Business Accounts before the Prize is credited, the Bank is entitled to forfeit the Prize for that Winner.
  10. If a Winner has multiple DBS SGD Business Accounts, the Bank has the sole discretion to determine which account to credit the Prize to. In addition, if a Winner closes each of its DBS Business Accounts prior to the crediting of the Prize, the Prize will be forfeited.
  11. A Winner who has been awarded a Prize shall not be entitled to any compensation, benefits or substitution in any form whatsoever should the Prize be forfeited or reclaimed.
  12. The Bank shall not be liable in any way to any Eligible Customer participating in the Draw or any other person for any loss, damage or expense arising out of or in connection with the Draw and the Prizes, howsoever arising, including without limitation any loss (including lost opportunities) arising from any late or non notification, any error in computing changes, any technical, hardware or software breakdown, malfunction or defects, failed, delayed or incorrect transactions, lost or unavailable network connections or any communication that is lost or misdirected and the consequences arising from the nonreceipt of such communication.

  13. By participating in the Draw, each Eligible Customer:

    1. consents to the Bank disclosing, publishing or otherwise using its name, identification number and other particulars for the purpose of organizing, promoting and conducting the Draw and publishing the results of the Draw. The failure of any Winner to comply with this clause shall result in its disqualification as a Winner to receive the Prize; and
    2. agrees to release and hold the Bank harmless from any and all liability whatsoever for any injuries, losses or damages of any kind to any person or property arising from or in connection with, either directly or indirectly:
      1. the awarding, acceptance or receipt of the Prize awarded pursuant to the Draw; and
      2. the participation in the Draw.
  14. The Bank reserves the right to draw a reserve winner or winners to replace a Winner who is subsequently disqualified or whose Prize is forfeited for any reason whatsoever.
  15. Notwithstanding anything herein, the Bank has the absolute discretion to determine the eligibility of an Eligible Customer to participate in the Draw or receive a Prize. The decision of the Bank on all matters relating to and in connection with the Draw, the Winners and the Prizes shall be final and binding on the Eligible Customers. No correspondence or claims will be entertained. The Bank shall not be obliged to disclose any matter relating to the Draw and the results thereof to the Eligible Customers.
  16. The Bank may vary these terms and conditions or suspend or terminate the Draw without any notice or liability to any party.
  17. In the event of any inconsistency between these terms and conditions and any brochures, marketing or promotional materials relating to the Draw, these terms and conditions shall prevail.
  18. These terms and conditions are governed by, and shall be construed in accordance with, the laws of Singapore.