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 April 2020 to 30 June 2020 (“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.

 

Online equity offer

3.

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 April 2020 and 30 June 2020.

4.

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

5.

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.

6.

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

7.

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.

8.

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.

9.

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 April 2019 to 31 March 2020, both dates inclusive.

 

Online unit trust offer

10.

Customers are entitled to a 0.82% cash rebate for the first online unit trust subscription (“Unit Trust Offer”) made between 1 April 2020 and 31 July 2020.

11.

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.

12.

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.

13.

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.

14.

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).

15.

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

 

Insurance offer

16.

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 30 June 2020. Each Policy Owner is only entitled to one Insurance Gift.

17.

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 August 2020, after the policy crosses the 14-day free-look period.

Qualifying Products Insurance Gift
Category A
Heirloom (VI)
Signature Life
Signature Income II*
Signature Indexed Universal Life

*Launching from 05 April 2020 onwards
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

ManuInvest Assure*
RetireReady Plus II – Regular Premium*

*Launching from 05 April 2020 onwards
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.

18.

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

 

Home loan offer

19.

The Home Loan Offer interest rates are:

3 Year Fixed Rate Package

This package is only valid for completed properties in Singapore with minimum loan amount of SGD500,000.

Year 1 to 3 Year 4 Onwards
1.68% p.a. FHR8 + 1.38% 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 0.600% per annum.

20.

Valid for completed residential properties in Singapore, for new purchase or refinancing from another bank. Loan to be signed by by 30 June 2020.

21.

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

22.

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.

23.

Rates are subject to change without prior notice.

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DBS Treasures Black Elite Card offer

i.

10,000 miles sign up offer

24.

Customers must apply for a Principal DBS Treasures Black Elite American Express Card (“Card”) during the Promotion Period and fulfill the following qualifying criteria to receive 10,000 miles sign-up gift (“Gift”).

Qualifying Criteria
  1. applied for the Card;
  2. currently not holding or cancelled the Card within the last 12 months; and
  3. charge a minimum of S$3,000 to the Card month within the first month from the date of Card approval (“Qualifying Spend”).

25.

The Gift will be awarded in DBS Points, 1 DBS Point = 2 miles .

26.

Qualifying Spend is based on posted local and foreign retail sales and posted recurring bill payment but excludes the following:

  1. posted 0% Interest Instalment Payment Plan monthly transactions,
  2. posted My Preferred Payment Plan monthly transactions,
  3. interest, finance charges, cash withdrawal, balance transfer, smart cash, AXS payments, SAM online bill payments, bill payments via internet banking and all fees charged by DBS;
  4. payments to educational institutions;
  5. payments to financial institutions (including banks, online trading platforms and brokerages);
  6. payments to hospitals
  7. any transaction that is subsequently cancelled, voided or reversed for any reason; and
  8. payments to government institutions and services (court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases and any other government services not classified here);
  9. payments to insurance companies (sales, underwriting and premiums);
  10. payments to non-profit organisations;
  11. any top-ups or payment of funds to payment service providers, prepaid accounts and any pre-paid accounts (e.g. EZ-Link, NETS FlashPay, Transit Link, Singtel Dash);
  12. any betting transactions (including levy payments to local casinos, lottery tickets, casino gaming chips, off-track betting and wagers);
  13. any transactions related to crypto currencies; and
  14. any other transactions determined by DBS from time to time

27.

Supplementary Cardmembers are not eligible to participate. However, spend made on Supplementary Card can be considered towards the Qualifying Spend.

28.

The Gift will be credited to the Card by the end of 120 days from the date of Card approval.

29.

The Gift is non-exchangeable, non-transferrable and non-replaceable.

ii.

4 miles per dollar on online spend offer

30.

Customers must apply for a DBS Treasures Black Elite American Express Card during the Promotion Period to be eligible for the offer.

31.

Cardmembers whose Card Accounts have been suspended, cancelled or terminated by DBS at any time during the Promotion Period, are not eligible to participate and will be disqualified.

32.

Cardmembers will earn 4 miles per dollar on Online Spend (“Online Spend”) if he/she fulfils the Qualifying Spend of S$3,000 per calendar month.

33.

4 miles per dollar on online spend will be awarded in DBS Points, 1 DBS Point = 2 miles.

34.

DBS Points earned from the offer is capped at the first S$4,000 on Online Spend.

35.

DBS Points earned is inclusive of the applicable base earn rate:

  1. 3.2 miles at selected luxury boutiques
  2. 2.4 miles for all overseas spend
  3. 1.2 miles for all local spend

36.

The DBS Points will be credited to the Card by the end of 120 days from the qualifying calendar month.

37.

Qualifying Spend is based on posted local and foreign retail sales and posted recurring bill payment but excludes the following:

  1. posted 0% Interest Instalment Payment Plan monthly transactions,
  2. posted My Preferred Payment Plan monthly transactions,
  3. interest, finance charges, cash withdrawal, balance transfer, smart cash, AXS payments, SAM online bill payments, bill payments via internet banking and all fees charged by DBS;
  4. payments to educational institutions;
  5. payments to financial institutions (including banks, online trading platforms and brokerages);
  6. payments to hospitals
  7. any transaction that is subsequently cancelled, voided or reversed for any reason; and
  8. payments to government institutions and services (court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases and any other government services not classified here);
  9. payments to insurance companies (sales, underwriting and premiums);
  10. payments to non-profit organisations;
  11. any top-ups or payment of funds to payment service providers, prepaid accounts and any pre-paid accounts (e.g. EZ-Link, NETS FlashPay, Transit Link, Singtel Dash);
  12. any betting transactions (including levy payments to local casinos, lottery tickets, casino gaming chips, off-track betting and wagers);
  13. any transactions related to crypto currencies; and
  14. any other transactions determined by DBS from time to time

38.

Online Spend refers to retail transaction for goods and services made via the Internet and processed by the respective merchants/acquirers as an online transaction through Amex Worldwide networks, charged to the Card (i.e. transaction date) in a calendar month and posted into the Card Account (i.e. posting date) at the point of computation of the DBS Points. It excludes:

  1. payments made via AXS, SAM and eNETS;
  2. payments made to CardUp, iPaymy and SmoovPay;
  3. Payments to educational institutions;
  4. payments to financial institutions (including but not limited to banks, online trading platforms and brokerages);
  5. payments to government institutions and services (court cases, fines, bail and bonds, tax payment, postal services, parking lots and garages, intra-government purchases and any other government services not classified here);
  6. payments to hospitals;
  7. payments to insurance companies (including but not limited to sales, underwriting and premiums);
  8. payments to non-profit organisations;
  9. ayments made via online banking;
  10. payments to professional service providers (including but not limited to accounting, auditing, bookkeeping services, advertising services, funeral services, legal services and attorneys, and Pay+Earn);
  11. payments to utility bill companies;
  12. payments made via telephone or mail order;
  13. any top-ups or payment of funds to payment service providers, prepaid cards, any prepaid accounts or purchase of prepaid cards (including but not limited to EZ-Link, NETS FlashPay and Singtel Dash); xiv. any betting transactions (including but not limited to levy payments to local casinos, lottery tickets, casino gaming chips, off-track betting and wagers); xv. any transactions related to crypto currencies;
  14. instalment payment plan purchases, preferred payment plans, balance transfer, fund transfer, cash advances, annual fees, interest, late payment charges, all fees charged by DBS, miscellaneous charges imposed by DBS (unless otherwise stated in writing by DBS); and
  15. any other transactions determined by DBS from time to time.

39.

Supplementary Cardmembers are not eligible to participate in the offer. However, spend made on Supplementary Card can be considered towards the Qualifying Spend.

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DBS Treasures exclusive safekeeping service ("TESS") offer

40.

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 April 2020 and 31 July 2020.

41.

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.

42.

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

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General

43.

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

44.

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

45.

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.

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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 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.