Could I share this promotion with my family and friends to participate?
This promotion is only offered to existing DBS Treasures clients. Clients who newly onboard with DBS Treasures from 1 October 2024 to 31 December 2024 are also not eligible to participate in this promotion.
Am I eligible to participate in this Fresh Funds (November 2024) Promotion despite participating in earlier fresh funds campaigns?
Yes, so long as you bring in additional, new fresh funds and fulfil the other criteria as stated in the Terms and Conditions.
Can I participate multiple times across the promotion period?
Yes, you may participate up to 2 times across the respective participation periods as stated in the Terms and Conditions.
Can I make multiple eligible deposits over the promotion period?
Yes, you may make multiple transactions to deposit the fresh funds corresponding to your registered amount. Please note the registered amount needs to be in multiples of S$250,000 and is capped at S$2,000,000 per customer for the entire promotion period.
What are eligible fresh funds for this promotion?
Fresh funds refer to funds:
- in the form of SAL/PAY deposits, funds deposited through cheque(s), cashier’s order(s), demand draft(s), cash deposits, FAST credit, MEPS receipt, telegraphic transfer, share payment, inward payments from CDP/CPF and funds transfer from corporate accounts;
- that are not transferred from any existing DBS / POSB account, deposited via DBS / POSB cheque(s) / cashier’s order(s) / demand draft(s) or withdrawn from any existing DBS / POSB account and re-deposited within the promotion period.
How do I calculate my eligible fresh funds deposits for this promotion?
For a clearer understanding, please refer to the sample illustrations below.
Fresh Funds Illustration:
Fresh Funds Illustration:
Date | Description | Transaction | Account Balance |
|---|---|---|---|
31 October 2024 |
|
| S$ 100,000 |
3 November 2024 | Payment of Credit Card Bill | - S$ 10,000 | S$ 90,000 |
15 November 2024 | Fresh Funds Deposit | + S$ 280,000 | S$ 370,000 |
16 November 2024 | Outward Funds Transfer | - S$ 20,000 | S$ 350,000 |
18 November 2024 |
|
| S$ 350,000 |
- On 31 October 2024, your Participating Account balance was S$100,000.
- On 15 November 2024, you make a Fresh Funds Deposit of S$280,000.
- On 16 November 2024, you make an outward funds transfer of S$20,000.
- On 18 November 2024, when the earmark is placed, the account balance is S$350,000.
- Therefore, your eligible Fresh Funds Deposits for Campaign A is S$250,000 (S$350,000 – S$100,000).
Date | Description | Transaction | Account Balance |
|---|---|---|---|
31 October 2024 |
|
| S$ 100,000 |
6 November 2024 | Fresh Funds Deposit | + S$ 260,000 | S$ 360,000 |
13 November 2024 | Purchase of Unit Trust | - S$ 50,000 | S$ 310,000 |
16 November 2024 | Outward Funds Transfer | - S$ 10,000 | S$ 300,000 |
18 November 2024 |
|
| S$ 300,000 |
- On 31 October 2024, your Participating Account balance was S$100,000.
- On 6 November 2024, you make a Fresh Funds Deposit of S$260,000.
- On 13 November 2024, you purchase a Unit Trust of S$50,000.
- On 16 November 2024, you make an outward funds transfer of S$10,000.
- On 18 November 2024, when the earmark is placed, the account balance is S$300,000.
- Since you used S$50,000 to purchase a Qualifying Product, your eligible Fresh Funds Deposits for Campaign B is S$250,000 (S$300,000 – S$100,000 + S$50,000).
What does “earmarking my funds” mean?
“Earmarked” funds mean the deposits registered for the promotion cannot be used or withdrawn for any other purpose.
Will I continue to earn interest on my earmarked funds?
Yes, you will continue to earn the prevailing interest on your earmarked funds.
How would I know that my funds are earmarked?
You may wish to check your account balance on your DBS digibank mobile app or online. Earmarked funds are included under Total Balance, while you would see a lower Available Balance.