Terms and Conditions Governing Online Account Opening ...

[Pages:2]Terms and Conditions Governing Online Account Opening Promotion 2020 ("Promotion")

1. The Promotion period is from 2 March to 30 April 2020 ("Promotion Period").

2. To qualify for the Promotion, customer must open either Deposit Account or Special Savings Account online and fulfil the criteria as set out in table below:

Deposit Account1

Option 1

Conditions to fulfill by second month of account opening

Reward

(a) Deposit Fresh funds

(i)

Deposit S$5,000 Fresh

Funds2 to the newly

opened account.

(ii)

Maintain the same

minimum average daily

balance of $5,000 for the

next 4 consecutive

months ("4-month

Period").

(b) Invest in digiPortfolio on digiBank

(i) Invest/top up (min. investment of S$1,000) using your newly opened Deposit Account in digiPortfolio on digiBank.

(ii) Remain invested in the portfolio for the next 6 consecutive months ("6-month Period").

Bonus Interest on S$5,000 Fresh Funds Deposit

1.8% p.a. for 4 months3

Bonus Cashback on digiPortfolio

0.8% Cashback4 (Up to S$40)

(i)

Deposit S$5,000 Fresh

Funds2 to the newly

opened account.

(ii)

Maintain the same

Option 2

minimum average daily

-

balance of $5,000 for the

next 4 consecutive

months ("4-month

Period").

0.8% p.a.

-

for 4 months3

Option 3

(i) Invest/top up (min. investment

of S$1,000) using your newly

opened Deposit Account in

0.8%

-

digiPortfolio on digiBank.

-

Cashback4

(Up to S$40)

(ii) Remain invested in the portfolio

for the next 6 consecutive

months ("6-month Period").

1My Account, Multiplier Account, DBS Multi-Currency Autosave referring to eMulti Currency Autosave (eMCA) [Individual / Joint alternate], eMulti Currency Autosave Plus (eMCA+), Multi Currency Autosave Plus (MCA+). 2 Fresh Funds refer to fund(s) directly deposited through cheque(s), cashier's order(s), demand draft(s), cash deposits, FAST credit, PayNow, telegraphic transfer, share payment, IBG funds transfer and MEPS receipt. These exclude any funds from any DBS/POSB account and funds deposited via any POSB/DBS cheque(s), POSB/DBS cashier's order(s) or POSB/DBS demand draft(s) and SAL/PAY deposits. Fresh Funds deposited via cheque(s), cashier's order(s) and demand draft(s) must be done by the last day of each month (i.e. 30 Apr), 2pm. Multiple deposits are allowed. Only applicable for SGD deposits. 3 Additional Interest will be accorded for 4 months period starting from the 3rd month of account opening.

4 The Bonus Cashback of 0.8% is based off the investment/top up amount on digiPortfolio on digiBank.

Special Savings Account

Conditions to fulfill by second month of account opening

(i)

Maintain monthly contribution of at least S$50 to the Special Savings

Account for at least a 6-month Period.

(ii)

No withdrawal to be made from the Special Savings Account for at least a 6-

month Period.

Reward S$8 Cash Gift

3. All accounts must be successfully opened within the Promotion Period to be eligible for the promotion.

4. Deposit Account / Special Savings Account must be opened via the following channels: (a) iBanking and digibank; or (b) DBS/POSB website and login using ATM/Debit Card & PIN; or (c) DBS/POSB website for new to bank customers

March 2020

5. Eligible Customers who fulfill the conditions as set out in Clause 2, 3, & 4 ("Eligible Customer") will be strictly entitled to 1 Reward.

6. Each Eligible Customer is strictly entitled to participate in the promotion once throughout the Promotion Period. In the event that customer open multiple accounts within the Promotion Period, the bank will only accord the reward to the first eligible account opened.

7. Cashback is only applicable if customer open a new deposit account online and use it as the funding account to begin an investment through digiPortfolio.

8. There are no upfront charges, platform fees, switching fees or lock-in requirements when investing in digiPortfolio on digiBank. Only a management fee of 0.75% p.a. is administered.

9. The Reward will be credited to the eligible Deposit Account / Special Savings Account by the following dates in the table below.

Account Opening Month Mar 20 Apr 20

Customer to fulfil conditions by

30 Apr 20

31 May 20

Reward Crediting Date By 30 Sep 20 By 31 Oct 20

Notification Date By 30 Sep 20 By 31 Oct 20

10. DBS is entitled to recover the Cashback by debiting the same value from any account that the customer has with DBS/POSB without prior notice, in the event that customer did not remain invested in the portfolio for at least a 6-month period.

11. This Promotion is not to be used in conjunction with any other ongoing promotion offers.

12. DBS' decision on all matters relating to the Promotion is final. No correspondence or claims will be entertained.

13. DBS may vary these Terms and Conditions or suspend or terminate the Promotion without any notice or liability to any party.

14. The decision of DBS Bank on all matters relating to terms and conditions shall be final, binding and conclusive on all participants, including without limitation, any decision on the eligibility of any person or cancellation. Subject to and without prejudice to the generality of the foregoing and DBS Bank's record of the entries shall be final, binding and conclusive for all purposes and in any legal proceedings. No correspondence or appeal will be entertained.

15. Customers consent under the Personal Data Protection Act (Cap 26 of 2012) to the collection, use and disclosure of their personal data by/to DBS and such other third party as DBS may reasonably consider necessary for the purpose of the Promotion, and confirm that they agree to be bound by the terms of the DBS Privacy Policy, a copy of which can be found on privacy.

Deposit Insurance Scheme 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 S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Minimum Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

March 2020

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download