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

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

1.

The Promotion period is from 1 July 2019 to 30 September 2019 (“Promotion Period”).

2.

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.

 

CASA TOP UP OFFER

3.

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.

4.

4Customers 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.

5.

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

6.

The Deposit must not be from an existing DBS/POSB account. Customers will not qualify for the CASA Top Up Offer if transfers are made from any DBS/POSB account in any mode to the CASA. The Deposit must not be used in any other ongoing deposits promotion during the Promotion Period or placed in any Fixed Deposit accounts.

7.

Customers must also download and activate the DBS iWealth mobile application.

8a.

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.

8b.

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.

9.

The cash gift will be credited to the Customer’s account by 30 November 2019.

10.

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).

11.

The Deposit must be maintained with DBS for at least 3 months from the date of deposit, 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.

 

Unit trust offer

12.

Each Customer is entitled to take part in the 0.82% Cash Rebate Unit Trust Offer (“Unit Trust Offer”). This Unit Trust Offer is valid for the first Unit Trust subscription made by the Customer between 1 July 2019 and 31 October 2019.

13.

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 ineligible for this Unit Trust Offer.

14.

Offline trades made through the Relationship Manager are ineligible for this Unit Trust Offer. Staff of DBS Bank are ineligible for this Unit Trust Offer.

15.

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.

16.

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).

17.

The cash rebate will be credited to the Customer’s Wealth Management Account (S-account) in SGD by 31 December 2019.

 

Insurance offer

18.

Each Customer is only entitled to sign up for one Qualifying Product only and may not be used in conjunction with any prevailing insurance promotion(s). The Qualifying Products must be issued by 30 September 2019. Each Policy Owner is only entitled to one (1) Insurance Gift.

19.

Customers who qualify for the Insurance Offer Promotion are entitled to receive a cash credit (the “Insurance Gift”) which will be credited to their designated account by 15 November 2019, 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 1.5% of Reference Single Premium (SGD) or SGD3,500, whichever is lower
Category B
Life Ready
ManuProtect Decreasing
ManuProtect Decreasing Lite
ManuProtect Term
ManuProtect Term Lite
ManuProtect MoneyBack
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.

20.

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

 

Home loan offer

21.

The Home Loan Offer interest rates are:

1+1 Fixed Rate Package (Wealth Exclusive)

Enjoy a free conversion to any prevailing loan packages during Year 2 of your loan. Valid exclusively for Treasures, Treasures Private Client and Private Banking customers.

Year 1: Year 2: Year 3
1.98% p.a. 1.98% p.a. or any prevailing loan package FHR8 + 1.03% p.a.
Thereafter:    
FHR8 + 1.03% p.a.
Floating Rate Package With 2-Year Lock-in (Wealth Exclusive)

Valid exclusively for Treasures, Treasures Private Client and Private Banking customers.

Year 1: Year 2: Year 3
FHR8 + 1.03% p.a. FHR8 + 1.03% p.a. FHR8 + 1.03% p.a.
Thereafter:    
FHR8 + 1.03% p.a.

FHR8 refers to DBS Bank's prevailing 8 months Singapore Dollar fixed deposit rate for amounts between S$1,000 and S$9,999 or such other sum as we may specify. It is currently 0.950% p.a.

22.

Valid for completed residential properties in Singapore, for new purchase or refinancing from another bank. Loan to be signed by 30 September 2019.

23.

The above interest rates are applicable with sign up of any of the following insurance plans:

  1. ManuProtect Decreasing
  2. ManuProtect Term
  3. ManuProtect MoneyBack
  4. Heirloom (VI)

24.

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

Loan amount Cash rebate
$500,000 to <1,000,000 $2,000
$1,000,000 to <1,500,000 $2,500
>=$1,500,000 $2,800

25.

Valid for direct application to DBS and not through a referral.

26.

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.

27.

Rates are subject to change without prior notice.

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Online equity offer

28.

Customers are entitled to a full commission rebate for the first five (5) equity trades. This is only applicable to trades executed in any of the 7 online markets via the DBS Online Equities Trading Platform between 1 July 2019 and 30 September 2019.

29.

Standard commission will be charged upfront and subsequently rebated by 30 November 2019. Expenses imposed by The Central Depository (Pte) Limited and/ or DBS’ custodian will be borne by Customers.

30.

All rebates will be credited to Customers’ default Multi-Currency Settlement Account (“MCSA”). The rebate amount will be based on the respective trading currency which the brokerage was charged.

31.

If the MCSA is closed before 30 November 2019, Customer will be disqualified from the Online Equity Offer and will not be entitled to the trade rebate.

32.

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.

33.

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.

34.

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 July 2018 to 30 June 2019, both dates inclusive.

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DBS Treasures exclusive safekeeping service ("TESS") offer

35.

Each Customer is entitled to complimentary usage of 1 medium or large 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 July 2019 and 31 October 2019.

36.

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.

37.

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

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General

38.

DBS will have the final decision on all matters regarding the promotions.

39.

DBS may change these terms or suspend/terminate any of the promotions without giving notice.

40.

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 www.dbs.com/privacy.

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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 SGD50,000 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.