A monthly service fee of S$50 will be imposed should your combined account balance(s)1 across all your account(s)2 with DBS Treasures fall below S$200,000. Please note that while these fees are calculated on a monthly basis, they are consolidated and deducted quarterly, specifically in January, April, July and October.
Case example:
Client A maintains both a Personal Account and a Joint Account with Client B. Aside from the Joint Account, Client B does not have any other account.
See below tables for further illustration:
Client A
Personal Account
S$80,000
S$300,000
S$150,000
Joint Account
S$120,000
S$200,000
S$50,000
Total Balance
S$500,000
Service Fee Charged
S$0
No service fee will be imposed on Client A as combined account balance(s)1 across all account(s)2 are S$200,000 and above.
Client B
S$50
S$50 service fee will be imposed on Client B for March and May. The consolidated fees of S$100 will be deducted and reflected in DBS Treasures statement in the month of July.
Note: 1 Balance as of last business day of the month. 2 Deposits ( exclude trust-minor account, Treasury Bill, Singapore Saving Bonds, CPF Account ), Market Value of Investments ( exclude CPF Investment Account ), Single Premium Insurance Policies, Premium Paid of Manulife Regular Premium Life Insurance Policies & DBS Supplementary Retirement Scheme Account
The service fee(s) is scheduled for deduction in January, April, July and October. This deduction will automatically take place on the 15th or 16th of the respective debiting month, unless these dates happen to coincide with a Sunday or public holiday. In such situations, the fee will be processed on the following business day.
January
September, October and November
April
December, January and February
July
March, April and May
October
June, July and August
The service fee charged will be reflected as Code: SCTR (for DBS accounts) or SCT (for POSB accounts) in your DBS Treasures statement. Description: Service Fee-Treasures.
For your convenience, the service fee will be debited from the Autosave account. If you do not have one, the order of debiting will be: DBS Savings, DBS eMulti-Currency / Multi-Currency, DBS Multiplier, POSB Savings or DBS Current account.
You may contact your DBS Treasures Relationship Manager for assistance.
Phone - 1800 221 1111
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