Service Fees
Service Fees
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
| Account Balance1 as at: | 31 March | 30 April | 31 May |
|---|---|---|---|
| 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$200,000 | S$500,000 | S$200,000 |
| Service Fee Charged | S$0 | S$0 | 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
| Account Balance1 as at: | 31 March | 30 April | 31 May |
|---|---|---|---|
| Joint Account | S$120,000 | S$200,000 | S$50,000 |
| Total Balance | S$120,000 | S$200,000 | S$50,000 |
| Service Fee Charged | S$50 | S$0 | 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
Frequently Asked Questions
When will the service fee(s) be deducted from my 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.
| Debiting Month | Service Fees Charged for the Months |
|---|---|
| January | September, October and November |
| April | December, January and February |
| July | March, April and May |
| October | June, July and August |
What is the transaction description for the service fee charge?
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.
Which account will the service fee be debited from if I have more than one account with DBS?
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.
What if I would like further clarifications on the service fee?
You may contact your DBS Treasures Relationship Manager for assistance.