Service Fees

A $50 monthly service fee will be charged on the last day of each month if the ending balance of the account(s) is below $200,000.

See table below for further illustration:

 Balance as of 30 SepBalance as of 31 OctBalance as of 30 Nov 

Ending Balance Amount

$80K

$300K

$100K

 

Fees Chargeable

$50

$0

$50

 

Debit amount reflected in January DBS Treasures Statement

 

 

 

$100 debit in January for fees charged from September to November

When will the service fee be debited from my account?

Though the service fee is calculated on a monthly basis, debiting of the amount only takes place every quarter. The debiting months are January, April, July and October.

What are the changes?

In the previous policy, service fees are charged monthly if the average balance for accounts under your DBS Treasures membership in the preceding 3 months is below S$200,000.

In the new policy, it will be charged on the last day of each month if the ending balance of account(s) under the DBS Treasures membership is below S$200,000.

Assets held under the Wealth Management Account (where applicable) and the Supplementary Retirement Scheme (‘SRS’) will count towards the ending balance of your account(s).

What is the transaction description for the service fee charge?

The service fee charge will be reflected as Code: SCTR (for DBS accounts) or SCT (for POSB accounts) in your monthly 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 monthly service fee will be debited against the Autosave account. If you do not have one, the proposed order of debiting will be: DBS savings, POSB savings or POSB current.

What if I would like further clarifications on the service fee?

You can contact your DBS Treasures Relationship Manager or call our DBS Wealth Management Hotline at 1800 221 1111 (Singapore) or +65 6221 1111 (Overseas) for clarifications.