Service Fees

Introduction
When will the service fee be debited from my account?
What is the transaction description for the service fee charge?
Which account will the service fee be debited from if I have more than one account with DBS?
What if I would like further clarifications on the service fee?


Introduction

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 Sep Balance as of 31 Oct Balance 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 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 order of debiting will be: DBS Savings, DBS eMulti-Currency / Multi-Currency, DBS Multiplier, POSB Savings or DBS 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.