Terms and Conditions of the DBS Treasures Private Client Q1 2021 Promotion (the “Promotion”)

Participation in the Promotion constitutes acceptance of these Terms and Conditions.


This Promotion is valid from 1 January 2021 to 31 March 2021, both dates inclusive (the “Promotional Period”), unless otherwise indicated below. This Promotion is not to be used with any other ongoing promotion offers. This Promotion comprises:

  1. the Unit Trusts Promotion;
  2. the Online Equity Trading Promotion;
  3. the Funds Transfer-In Promotion;
  4. the Insurance Offer Promotion; and
  5. the Home Loan Offer Promotion;

as set out below.


Only new DBS Treasures Private Client customers (“Customers”) of DBS Bank Ltd (“DBS” or the “Bank”) who:

  1. successfully open and establish a new account (i.e. new Household set up) (“Account”) with DBS Treasures Private Client;
  2. download and activate the DBS iWealth mobile application
  3. opt-in to receive marketing emails from the Bank; and
  4. enrol in the promotion by submitting the online registration form on the DBS Treasures Private Client webpage or enrol through a DBS Treasures Private Client Relationship Manager and receive a confirmation email from the Bank

during the Promotional Period are eligible to participate in this Promotion.


Customers are not eligible if they have closed an Account with DBS Treasures Private Client or DBS Private Bank in the last twelve (12) months prior to the date of establishing a new banking relationship with DBS.




To participate in the Unit Trusts Promotion and enjoy a full rebate of the sales charge, a Customer must:

  1. deposit fresh funds (“New Funds”) in the Multi Currency Settlement Account (the “Relevant Account”), which excludes Fixed Deposit Accounts, in an amount not less than S$1,500,000 and above or its equivalent in approved foreign currencies (“Approved Foreign Currencies”), by the third (3rd) month from account opening date; and
  2. invest the New Funds, subject to a maximum transaction amount of up to S$1,500,000 or its foreign currency equivalent, in Qualifying Funds, by the third (3rd) month from the deposit of the New Funds.


The Unit Trust subscription must be made in cash through online or via mobile or offline through the Relationship Manager. Unit Trust subscriptions made through internet banking, in Regular Savings Plan (RSP), Supplementary Retirement Scheme (SRS) and Central Provident Fund (CPF) will not be eligible for the Unit Trust Offer. DBS Bank Staff is ineligible for this Promotion.


The Promotion is limited to the first 50 eligible Customers and DBS is not obliged to inform any Customer when the maximum number of rebates have been awarded.


Customers who qualify for the Unit Trusts Promotion are entitled to receive a full rebate (“Reward”) of the sales charge levied, which will be credited to the Relevant Account in SGD by 31 August 2021. The Customer must maintain a valid Wealth Management Account at the time the Reward is given.




The Promotion is applicable to Customers of DBS Bank Ltd.


Eligible Customers will enjoy a 10% commission rebate for Eligible Trades executed online via DBS Online Equity Trading platform from 1 January 2021 to 31 March 2021 (“Promotion Period”).


Eligible Trades refer to:

  1. All trades executed in the seven global markets offered online,
  2. Exclude any trade in a structured product issued by DBS and listed on the Hong Kong Stock Exchange.


Standard commission will be charged upfront and subsequently rebated by 31 May 2021. Fees imposed by DBS’ custodian will be borne by Customers.


All commission rebates will be credited to Customers’ default Multi-Currency Settlement Account (“MCSA”). The rebate amount will be based on the respective traded currency which the commission was charged. DBS reserves the right to clawback any rebate arising from a non-Eligible Trade which has been credited to Customer’s MCSA.


If the Wealth Management Account is closed before 31 May 2021, Customer will be disqualified from the Promotion and will not be entitled to the trade rebate.


The Customer remains liable for the payment of any transfer-out fee and all other transactional fees payable to any third party, including but not limited to, any tax or stamp duty, transaction levy, exchange fee, clearing fee, or market fee, that may be imposed on such Customer by law.


Trade commission will be amalgamated when the trades are of the same stock, traded currency, market, settlement mode and trade date as well as the same mode of trade.

16. This Promotion cannot be used in conjunction with any other promotion(s) offered by DBS Online Equity Trading.



To qualify for the Funds Transfer-In Promotion, a Customer must:

  1. transfer-in a minimum S$100,000 of Qualifying Funds (“Qualifying Funds”) into the MCSA between 1 January 2021 to 30 June 2021, both dates inclusive.
  2. maintain the Qualifying Funds with DBS in the MCSA for two (2) months after the date the Qualifying Funds are transferred in.


Customers who qualify for the Funds Transfer-In Promotion are entitled to receive the Reward which will be credited to the Relevant Account by 30 September 2021, on the basis of the cumulative transfer-in of Qualifying Funds as per the table below.

Qualifying Funds transferred in Reward
Cash Credit
≥ S$1,500,000 or greater, or its foreign currency equivalentt S$1,500
S$1,000,000 to S$1,499,999 or its foreign currency equivalent S$1,000
S$500,000 to S$999,999 or its foreign currency equivalent S$500
S$200,000 to S$499,999 or its foreign currency equivalent S$200
S$100,000 to S$199,999 or its foreign currency equivalent S$80


Each eligible Customer is entitled to only one (1) Reward capped at S$1,500 in cash credit at any time regardless of the total amount of Qualifying Funds that is transferred into the MCSA (so long as each transfer meets the minimum amount stated in clause 17 (a)). In the case of joint account holders, only one (1) Gift will be awarded.


If the transferred-in Qualifying Funds is not maintained in the MCSA with DBS for a minimum of two (2) months or if the DBS Treasures Private Client Account is closed within twelve (12) months from the date on which it is opened and if DBS has awarded the Reward to the eligible Customer, DBS shall be entitled to recover the amount of the Reward by debiting such sum from the MCSA or any other account that the eligible Customer maintains with DBS.

21. The cash reward will be in SGD and not in the Currency of Fund transferred-in.
22. Client must maintain an active MCSA account in which the Funds have been transferred.
23. The Funds holding transferred-in must be Cash held Fund. Funds held with CPF/ SRS monies is not eligible for the promotion.
24. Exchange Traded Funds are not a part of the Promotion.
25. Qualifying Fund is defined as DBS Bank approved share classes of a Fund for the specific client Segment. Non-qualifying share classes of a Fund is not eligible for the Promotion.
26. Funds must be transferred-in from outside DBS. Any transfer within same or different accounts inside DBS are not eligible for the Promotion.
27. For the full Terms and Conditions, please refer to https://www.dbs.com.sg/treasures-private-client/promotion/new-online-funds-trading.



Each Customer is only entitled to sign up for one Qualifying Product (as defined below) only and may not be used in conjunction with any prevailing insurance promotion(s). The Qualifying Products must be issued by 30 June 2021.


Customers who qualify for the Insurance Offer Promotion are entitled to receive a cash credit (the “Insurance Gift”) which will be credited to their designated account by 31 August 2021, after the policy crosses the 14-day free-look period. Each Policy Owner is only entitled to one (1) Insurance Gift.

Qualifying Products Insurance Gift
Category A
  • Heirloom (VI)
  • Signature Life
  • Signature Income
  • Signature Indexed Universal Life
Insurance Gift Minimum Single Premium Amount
SGD 5,000 USD 1,000,000
SGD 3,000 USD 500,000


The exchange rate for USD to SGD for USD denominated Qualifying Products will be at the Bank’s prevailing exchange rate as determined by the bank at time of processing the redemption.




The Home Loan Offer interest rates are:

2 Year Fixed Rate Package

This package is only valid for completed properties in Singapore with minimum loan amount of SGD500,000.

Year 1 - 2 Thereafter
1.20% p.a. FHR24 + 0.90% p.a.

FHR24 refers to DBS Bank’s prevailing 24 months Singapore Dollar fixed deposit rate for amounts between S$1,000 and S$9,999 or such other sum as we may specify. It is currently 0.900% p.a.

This package comes with additional features;

    • 1 FREE conversion after 24 months from 1st disbursement


Valid for completed residential properties in Singapore, for new purchase or refinancing from another bank. Loan to be signed by 31 March 2021.


Promotion is only valid for direct applications without third-party referrals


The cash rebate amounts applicable for refinancing a private property home loan from another bank are:

Total home loan amount per property Cash rebate amount
SGD 500,000 < SGD 1,000,000 SGD 2,000
SGD 1,000,000 < SGD 1,500,000 SGD 2,500
>= SGD 1,500,000 SGD 2,800


Rates are subject to change without prior notice.




DBS’ decision on all matters relating to the Promotion shall be final and binding on all parties. No correspondence or claims will be entertained.


DBS may suspend or discontinue the Promotion 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 Promotion, these terms and conditions will prevail.


DBS shall not be liable for any injury, loss or damage whatsoever, whether direct or indirect, arising from or in connection with the Reward, Insurance Gift or the Promotion.


DBS may at any time replace the Reward or Insurance Gift with any other item of similar value without giving prior notice.


DBS may levy an administration charge (early account closure charge) if the DBS Treasures Private Client Account is closed within twelve (12) months of the date it is opened.


DBS assumes no responsibility for any losses or damages or expenses arising in connection with this Promotion, howsoever arising, including without limitation, from any late or non-notification, any error in computing, technical hardware or software breakdown, malfunctions or defects, failed, delayed or incorrect transactions, or lost or unavailable network connections, or any notice that is lost or misdirected, which may affect a person’s eligibility to participate in the Promotion.


These terms and conditions shall be read in conjunction with the terms and conditions governing the Relevant Account or MCSA, the Terms and Conditions Governing Electronic Services and the DBS Privacy Policy, which are available on DBS’ website at www.dbs.com.sg and which Customers agree to be bound by. In the event of any inconsistency, these terms and conditions shall prevail insofar as they apply to the Promotion.


Customers consent to the collection, use and disclosure of their personal data by DBS and to such other third parties as DBS deems reasonable for the purposes of the Promotion. If Customers provide personal data of a third person for the purposes of the Promotion, Customers confirm that they have obtained such third person’s consent and consent on his/her behalf to DBS’ collection, use and disclosure of the personal data for that purpose.


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


Deposit Insurance Scheme: Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to SGD 75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to SGD 75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.


In these terms and conditions:

Relevant Account” means Multi Currency Settlement Account opened and maintained by a Customer with DBS whether alone or jointly with any other person(s); It excludes fixed deposit accounts.

AUM” means Asset Under Management, which is defined by the total amount of cash and investments, including unit trusts, bonds, and equities maintained with DBS in the Relevant Account.

New Funds” mean new funds transferred from outside of DBS and exclude any funds transferred from any DBS/POSB account, funds withdrawn from any existing DBS/POSB account and re-deposited (whether part or in full) and funds deposited via any DBS/POSB cheque(s), cashier’s order(s) or demand draft(s). For the avoidance of doubt, Customers will not enjoy the Promotion if the Qualifying Investments are acquired using funds from any DBS/POSB account in any mode.

Approved Foreign Currencies”mean United States Dollar (USD), Chinese Yuan (CNY), Hong Kong Dollar (HKD).

Qualifying Funds” mean DBS approved share classes of a Fund for the specific client Segment. Non-qualifying share classes of a Fund are not eligible for the promotion. Funds must be transferred-in from outside DBS Bank into a Customer’s MCSA with DBS. Any transfer within the same or different accounts inside DBS Bank, including that of DBS Group Holdings’ subsidiaries, will not count towards “Qualifying Funds”.

Information on DBS approved share classes of Unit Trusts: https://www.dbs.com.sg/treasures-private-client/invest/funds-search/default.page