Terms and Conditions Governing DBS Treasures CASA Top Up Offer for DBS Treasures Customers (“Promotion”)

DBS Treasures Welcome Offer T&Cs

Terms and Conditions Governing DBS Treasures Welcome Offer for DBS Treasures Customers (“Promotion”)

The Promotion period is from 1 January 2025 to 31 March 2025 (“Promotion Period”).

To participate in the Welcome Offer, Customers must register through their Treasures Relationship Manager between 1 January 2025 to 31 March 2025.

To qualify for the Welcome Offer, Customers must fulfill the following criteria during the Promotion Period:

Deposit Fresh Fund(s) from outside DBS/ POSB of at least SGD350,000 / SGD500,000 / SGD1,000,000 (“Fresh Funds Deposit”), or its foreign currency equivalent to their DBS/POSB Current Account/ Savings Account (“CASA”) tagged to their current DBS Treasures relationship.
Fresh Funds Deposits must be incremental to the consolidated balance of Customer’s CASA as of 31 December 2024. The Fresh Funds Deposit must be maintained with DBS for at least 3 months from the last date of deposit, with the corresponding increase in Customers’ total asset under management (“AUM”). The funds can be utilized for purchase of investment or insurance.

Customers will not qualify for the Welcome Offer if the transfers are made from any account within DBS, whether directly or indirectly. The Fresh Funds must not be used in any other ongoing Deposits/ Fresh Funds promotions during the Promotion Period or placed in any Fixed Deposit/ Time Deposit accounts.

○ Fresh Funds Deposits refer to funds:
- ■in the form of SAL/PAY deposits, funds deposited through cheque(s), cashier’s order(s), demand draft(s), cash deposits, FAST credit, MEPS receipt, telegraphic transfer, share payment, inward payments from CDP/CPF and funds transfer from corporate accounts;
- ■that are not transferred from any existing DBS / POSB account, deposited via DBS / POSB cheque(s) / cashier’s order(s) / demand draft(s) or withdrawn from any existing DBS / POSB account and re-deposited within the Promotion Period.

Successfully complete Investment Objective Setting (“IOS”) / Your Financial Profile (“YFP”)/ Risk Profile with their DBS Treasures Relationship Manager or Risk Profile for Online Unit Trust purchases.
Successfully declare Accredited Investor (“AI”) status with DBS Treasures and must not have held AI status with DBS within the past 12 months. AI status must be declared individually. Joint account(s) AI status will not be eligible for this promotion.
Purchase a minimum of SGD100,000 in Eligible Wealth Product(s). Customers can purchase the wealth product with the Fresh Funds by 30 April 2025 to qualify for the Welcome Offer.
An “Eligible Wealth Product” refers to:
- ○ Unit Trust subscriptions made in cash only via online/mobile/Relationship Managers not including subscriptions made in Regular Savings Plan (RSP), Supplementary Retirement Scheme (SRS) and Central Provident Fund (CPF)
- ○ Equity trades executed in the seven global markets offered online via DBS Online Equity Trading platform. Excludes any trade in a structured product issued by DBS and listed on the Hong Kong Stock Exchange
- ○ Currency Linked Investments
- ○ Credit Linked Note
- ○ Step-up Note
- ○ Cap Floor Floating Rate Note
- ○ Equity Linked Notes
- ○ Cryptocurrencies
- ○ Bonds
- ○ Structured Deposit
- ○ Funds-based digiPortfolio
- ○* Regular premium insurance plans, valued at annualized premium amount - i.e. A monthly premium of SGD2,000, would be valued at SGD24,000 (SGD2,000 X 12 months)
- ○* Single premium insurance plans, valued at single premium amount - i.e. A single premium amount of SGD100,000, would be valued at SGD100,000 (minimum policy term of 10 years)
- ○* Multi-pay universal life insurance premiums, valued at initial annual premium – ie: An initial annual premium of SGD10,000, would be valued at SGD10,000

*For the avoidance of doubt, policy owner of any insurance purchase must be the same as the customer who registered for the Welcome Offer.

Customers who qualify for the Welcome Offer are entitled to receive the below cash gift, which will be credited to their DBS/POSB CASA by 30 April 2025.

a cash gift of SGD2,000 with Fresh Funds Deposit of at least SGD350,000.
a cash gift of SGD3,500 with Fresh Funds Deposit of at least SGD500,000.
a cash gift of SGD7,500 with Fresh Funds Deposit of at least SGD1,000,000.

Must maintain their current DBS Treasures relationship for at least 6 months from the date that the relationship is established.

Each Customer will only be entitled to one cash gift regardless of the number of accounts the Customer has with DBS/POSB and whether held singly or jointly with any other person(s).

Customers who fail to fulfill the above criteria, DBS reserves the right to debit the amount equivalent to the cash gift, from any account that the Customer maintains with DBS/POSB.

DBS will have the final decision on all matters regarding the promotions.

DBS may change these terms or suspend/terminate any of the promotions without giving notice.

The Customers consent to DBS’ collection and use of the Customer’s personal data and the use and disclosure of the Customer’s personal data by/to third parties for the purpose of the promotions. The Customers agree to the terms of the DBS Privacy Policy, a copy which can be found at www.dbs.com/privacy.

USD Sweetener Offer

To qualify for the USD Sweetener Offer, Customers must fulfil the following criteria during the Promotion Period (1 January 2025 to 31 March 2025):

Qualify and fulfil all eligible conditions above under Welcome Offer.
Deposit USD Fresh Fund(s) directly from outside DBS/POSB of at least USD200,000. The USD Fresh Funds Deposit must be maintained with DBS for at least 3 months from the date of last deposit, with a corresponding increase in Customers’ total asset under management (“AUM”).

Customers will not qualify for the USD Sweetener Offer if the transfers are made from any account within DBS, whether directly or indirectly. Subsequent forex conversion of non-USD Fresh Funds to USD is also not recognized as eligible USD Fresh Funds. The USD Fresh Funds must not be placed in any Fixed Deposit / Time Deposit accounts.

Customers who meet the requirements to qualify for the USD Sweetener Offer are entitled to receive the below cash gift, which will be credited to their DBS/POSB CASA by 30 June 2025.

a cash gift of USD600 with USD Fresh Funds Deposit of at least USD200,000
a cash gift of USD1,200 with USD Fresh Funds Deposit of at least USD400,000
a cash gift of USD1,800 with USD Fresh Funds Deposit of at least USD600,000
a cash gift of USD2,400 with USD Fresh Funds Deposit of at least USD800,000

Important notes
Deposits 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 S$100,000 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 S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured

The life insurance policy is protected under the Policy Owners’ Protection Scheme which is administered by the SDIC. Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact the respective insurer or visit the Life Insurance Association or SDIC websites (www.lia.org.sg or www.sdic.org.sg).

Before committing to an investment, please seek advice from a financial or other professional adviser regarding the suitability of the product and read the relevant product offer documents, including the risk disclosures, which can be obtained from DBS Bank Ltd. If you do not wish to seek financial advice, please consider carefully whether the product is suitable for you. Foreign currency transactions are subject to exchange rate fluctuations, which may result in capital gains or losses; such accounts may also be subject to exchange controls imposed on the currency held.

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