DBS Treasures Private Client Member Get Member Programme T&C

Terms and Conditions governing the DBS Private Bank/ DBS Treasures Private Client Member-Get-Member Programme (the “Programme”)


In these terms and conditions:
Bank” or “DBS” means DBS Group Holdings Ltd and its subsidiaries.
Existing Customers” means existing “Wealth Management Customer” as at the date of referral and excludes:

  1. non-individuals;
  2. employees of DBS and its affiliates and their immediate families;
  3. the advertising agencies engaged by DBS and its affiliates; or
  4. any other parties which are directly involved in organizing, promoting and/or conducting the Programme;

Non-Qualifying Referral” means any person who is:

  1. an existing DBS Private Bank or , DBS Treasures Private Client customer at the date of the referral or at any time in the 12 months preceding the date of the referral;
  2. an employee of DBS; or
  3. a Business Introducer under the Business Introducer Program.

Net new cash and/or assets” means new funds or other asset in the form of cash and/or assets (no less than 5 securities) transferred from outside of DBS and excludes any funds or other assets transferred from any DBS/POSB account or arising from the liquidation of any investment held with or through DBS/POSB;

Wealth Management Customer” means a customer of DBS Treasures, DBS Treasures Private Client or DBS Private Bank.


Only Existing Customers are eligible to participate in the Programme.


The Programme is valid from 1 January 2024 to 31 December 2024 (the “Promotional Period”)


An Existing Customer (each, a “Referrer”) will receive a reward (the “Reward”) in accordance with the rewards table (the “Rewards Table”) set out in the Schedule if:

  1. the Referrer refers a prospective customer (not being himself/herself or a Non-Qualifying Referral) (each such prospective customer, a “Referred Person”) to DBS by completing and submitting the online referral form, and DBS receives such submission during the Promotional Period;
  2. the Referred Person qualifies as a DBS Private Bank / DBS Treasures Private Client customer (as determined by DBS in its absolute discretion);
  3. the referred person does not have a DBS Private Bank/ DBS Treasures Private Client relationship in the last 12 months at the time of referral.
  4. Referred Person successfully open and establish a new account (i.e. new Household set up and not being a joint account with the Referrer as a joint account holder or under the same household as the Referrer) (the “First Account”) within 6 months from date of referral;
  5. the Referred Person brings in not less than SGD1,500,000 (for Treasures Private Client) / SGD5,000,000 (for Private bank) of net new cash and/or assets within 3 calendar month, including month of account opening.
    Illustration: If client is onboarded in Jan 2024, he/she will need to fund the account by end March 2024
  6. the Referred Person maintains net new cash and/or assets of not less than SGD1,500,000 (for Treasures Private Client) / SGD5,000,000 (for Private bank) for at least three (3) calendar months including month where account is fully funded.
    Illustration: If client is funded in Jan 2024, he/she will need to maintain net new cash and/or assets in account until end March 2024.

Rewards Table

Segment that the Referred Person signs up for Reward Amount
DBS Private Bank S$3,000 cash credit
DBS Treasures Private Client S$1,000 cash credit

5. If more than one Referrer successfully refers the same Referred Person to DBS within the Promotional Period, only the first Referrer that submitted the name of the Referred Person via referral form, will be entitled to the Reward. 


There is no limit to the number of referrals that can be made by the Referrer.


A Referrer who qualifies for the Reward will receive the cash credit in their designated Wealth Management Account (Multi-Currency Settlement Account) after 2 months from fulfilling all the requirements set out in clause 4 of these terms and conditions.

In the event the Referrer does not have a Wealth Management Account (Multi-Currency Settlement Account), the referrer must apply for a Wealth Management Account (Multi-Currency Settlement Account) in order to receive the reward.


DBS’ decision on all matters relating to the Programme will be final and binding on all parties. DBS may discontinue the Programme or vary these terms and conditions without prior notice or liability to any party. In the event of any inconsistency between these terms and conditions and any brochures, marketing or promotional materials relating to the Programme, these terms and conditions will prevail.

9. DBS may at any time substitute the Reward with any other reward of similar value.
10. DBS shall not be liable for any injury, loss or damage whatsoever, whether direct or indirect, arising from or in connection with the Reward and the Programme.

The Referrer:

  1. undertakes to comply with the provisions of the Personal Data Protection Act (Cap 26 of 2012), including all relevant subsidiary legislations and regulations (the “Act”);
  2. warrants that he/she has obtained consent under the Act from the Referred Person for and consent on behalf of the Referred Person to the collection, processing, use and disclosure of the Referred Person’s personal data by/to DBS and such other third party for the purpose of the Programme and/or the opening of the First Account and/or any other purposes related thereto;
  3. warrants that, to the best of his/her knowledge, the Referred Person’s personal data collected is reasonably accurate and complete;
  4. consents to DBS disclosing the Referrer’s name to the Referred Person for the purposes of the Programme and/or the opening of the First Account and/or any other purposes related thereto;
  5. confirms that he/she has read and agrees (and procures that the Referred Person has read and agrees) to be bound by the terms of the DBS Privacy Policy.
  6. agrees to hold DBS and its directors, officers and employees (each an “Indemnified Party”) harmless and keep each Indemnified Party fully and effectively indemnified from and against any losses, costs, claims, damage and expenses whatsoever which any of them may incur (directly or indirectly) as a result of any breach by the Referrer of any of its representations, warranties, undertakings or obligations hereunder.

These terms and conditions are governed by Singapore law and parties agree to submit to the exclusive jurisdiction of the Singapore courts.