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

Participation in the Promotion constitutes acceptance of these Terms and Conditions.


The Promotion period is from 1 January 2020 to 31 March 2020 (“Promotion Period”).


The Promotion is open to new DBS Treasures customers (“Customers”) of DBS Bank Ltd (“DBS”). Customers must not have been DBS Treasures Customers in the last 12 months of starting their current DBS Treasures relationship.




To participate in the CASA Top Up Offer, Customers must, during the Promotion Period, deposit fund(s) of at least SGD350,000 or SGD500,000 (“Deposit”), or its foreign currency equivalent to their DBS/POSB current account or savings account (“CASA”) tagged to their current DBS Treasures relationship.


Customers must register for the CASA Top Up Offer through their Treasures Relationship Manager or Business Development Manager and indicate the CASA which the Deposit is deposited to.


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


The Deposit must be transferred from outside of DBS/ POSB. Customers will not qualify for the CASA Top Up Offer if the transfers are made from any account within DBS, whether directly or indirectly. The Deposit must not be used in any other ongoing deposits promotion during the Promotion Period or placed in any Fixed Deposit accounts.


Customers must also download and activate the DBS iWealth mobile application


Customers who qualify for the CASA Top Up Offer and activate the DBS iWealth mobile application are entitled to receive:

  1. a cash gift of SGD1,400 with a Deposit of at least SGD350,000; or
  2. a cash gift of SGD2,250 with a Deposit of at least SGD500,000.


Customers who did not activate the DBS iWealth mobile application will receive the following instead:

  1. a cash gift of SGD900 with a Deposit of at least SGD350,000; or
  2. a cash gift of SGD1,750 with a Deposit of at least SGD500,000.


Customers must, during the Promotion Period, open a Wealth Management Account and the cash gift will be credited to this account by 31 May 2020.


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).


The Deposit must be maintained with DBS for at least 3 months from the date of deposit, with a corresponding increase in Customers’ total assets under management (“AUM”) with DBS. Failing which DBS reserves the right to debit the amount equivalent to the cash gift, from any account that the Customer maintains with DBS/POSB.


Online equity offer


Customers are entitled to a full commission rebate for the first five equity trades. This is only applicable for trades executed in any of the seven online markets via the DBS Online Equities Trading Platform between 1 January 2020 and 31 March 2020.


Standard commission will be charged upfront and subsequently rebated by 31 May 2020. Expenses imposed by The Central Depository (Pte) Limited and/ or DBS’ custodian will be borne by Customers.


All cash rebates will be credited to Customers’ Wealth Management Account. The rebate amount will be based on the respective trading currency which the brokerage was charged.


If the Wealth Management Account is closed before 31 May 2020, Customer will be disqualified from the Online Equity Offer and will not be entitled to the trade rebate.


The Customer remains liable for the payment of any transfer-out fee, and any and all other transactional fees payable to any third party, including, but not limited to, any tax or stamp duty, transaction levy, exchange fee, clearing fee, or market fee, that may be imposed on such Customer by law.


Trade commission will be amalgamated when the trades are of the same stock, trading currency, market, settlement mode and trade date as well as the same mode of trade.


This offer cannot be used in conjunction with any other promotion offered by DBS Online Equity Trading. This offer is applicable to Customers who have not traded via the DBS Online Equities Trading Platform from 1 January 2019 to 31 December 2019, both dates inclusive.


Online unit trust offer


Customers are entitled to a 0.82% cash rebate for the first online unit trust subscription (“Unit Trust Offer”) made between 1 January 2020 and 30 April 2020.


The unit trust subscription must be made in cash via online or mobile. Unit trust subscriptions made in Regular Savings Plan (RSP), Supplementary Retirement Scheme (SRS) and Central Provident Fund (CPF) are not eligible for this Unit Trust Offer.


Offline trades made through the Relationship Manager are not eligible for this Unit Trust Offer. Staff of DBS Bank are not eligible for this Unit Trust Offer.


The Unit Trust Offer is valid for the first subscription and subject to a min. transaction amount of SGD25,000 and max. transaction amount of SGD500,000, or its foreign currency equivalent.


The Bank will rebate the sales charge of 0.82% charged for eligible subscriptions. Max. rebate amount will be at SGD4,100 (i.e. SGD500,000 X 0.82% = SGD4,100).


The cash rebate will be credited to the Customer’s Wealth Management Account in SGD by 31 May 2020.


Insurance offer


Each Customer is entitled to sign up for one Qualifying Product and may not be used in conjunction with any prevailing insurance promotion(s). The Qualifying Products must be issued by 31 March 2020. Each Policy Owner is only entitled to one Insurance Gift.


Customers who qualify for the Insurance Offer are entitled to receive a cash credit (the “Insurance Gift”) which will be credited to their designated account by 15 May 2020, after the policy crosses the 14-day free-look period..

Qualifying Products Insurance Gift
Category A
Heirloom (VI)
Signature Life
Signature Income
Signature Indexed Universal Life
Cash rebate equivalent to 0.3% of Reference Single Premium (SGD) or SGD3,500, whichever is lower
Category B
ManuProtect Decreasing
ManuProtect Decreasing Lite
ManuProtect Term
ManuProtect Term Lite
ManuProtect MoneyBack
LifeReady Plus
Critical SelectCare
Additional SGD100 cash rebate on top of prevailing promotions*
Category C
ManuEdu First
ManuFlexi Growth
Manulife SmartRetire
Manulife SmartWealth II
Ready LifeIncome
ReadyBuilder – Regular Premium
RetireReady Plus – Regular Premium
ReadyPayout Plus
Additional SGD500 cash rebate on top of prevailing promotions*

* Terms and conditions of the prevailing promotions will apply, at the point of issuance of the Qualifying Products.


The exchange rate for USD to SGD for USD denominated Qualifying Products will be fixed at 1.35.


Home loan offer


The Home Loan Offer interest rates are:

2 Year Fixed Rate Package

This package is only valid for completed properties in Singapore with minimum loan amount of SGD800,000.

Year 1 & 2 Year 3 onwards
1.80% p.a. FHR8 + 1.03% p.a.

* Fixed Deposit Home Rate 8 (FHR8) refers to the prevailing 8 months Singapore dollar fixed deposit interest rate of DBS Bank for amounts within SGD1,000 to SGD9,999 or such other sum as we may specify. The current FHR8 is 0.950% per annum.


Valid for completed residential properties in Singapore, for new purchase or refinancing from another bank. Loan to be signed by 31 March 2020.


The cash rebate amounts applicable for refinancing a private property home loan from another bank are:

Total home loan amount per property Cash rebate amount
SGD500,000 < SGD1,000,000 SGD2,000
SGD1,000,000 < SGD1,500,000 SGD2,500
>= SGD1,500,000 SGD2,800


Fees will apply in the event of prepayment or redemption during the commitment period, unless the said property is sold, whereby in this instance the commitment fee would be waived.


Rates are subject to change without prior notice.


DBS Treasures exclusive safekeeping service ("TESS") offer


Each Customer is entitled to complimentary usage of 1 medium size safe deposit box at Treasures Exclusive Safekeeping Service at the DBS Treasures Centre at Siglap (“Centre”), for 6 consecutive months. Complimentary usage must commence between 1 January 2020 and 30 April 2020.


Registration for the TESS Offer must be done via a Treasures Relationship Manager. Customers must subsequently visit the Centre to open the safe deposit account, under his/ her name.


At the end of the complimentary usage, Customers may choose to continue the TESS at DBS’ prevailing rates.




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 DBS Privacy Policy.

Important notes
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 SGD75,000 in aggregate per depositor per Scheme member by law. 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.