DBS changed its Mutiplier plan

reddevil0728

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nothing beats real life sharing, and of course I know what could happen in the future, that's common sense!

Actually using the data you see online is more real life. Because it really depends on whether that person “buy” and “sell” if you sell during the dip, the returns might still be negative.

Not sure if it is common sense to all.
 

yongsaver

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so how to buy it? call manulife?

just leave your contact there. DBS folks will call u. everything can be settled without u leaving the house. just a minor hassle with the electronic document submission. no big deal. me recently bot a term insurance for kid.
 

reddevil0728

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just leave your contact there. DBS folks will call u. everything can be settled without u leaving the house. just a minor hassle with the electronic document submission. no big deal. me recently bot a term insurance for kid.

They camp on hwz?
 

iadpotato

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jialat. So far the bank hasn't solve this issue for u? :(

Spot to them today. They said their tech dept is still investigating. I suspect many ppl also called for the same issue, and they realized it could be a problem at their end. Hope they can resolve it ba, and most impt hope the bonus interest will come in next month!

Any idea which date the bonus interest will come in?
 

reddevil0728

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Spot to them today. They said their tech dept is still investigating. I suspect many ppl also called for the same issue, and they realized it could be a problem at their end. Hope they can resolve it ba, and most impt hope the bonus interest will come in next month!

Any idea which date the bonus interest will come in?

preferential interest at the preferential interest rate (which is the higher interest rate less the prevailing interest rate) based on the sum of your eligible transactions with us, calculated on daily balances, by the 7th working day of the following month.

This information can be found on the website.
 

Squaredot

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Spot to them today. They said their tech dept is still investigating. I suspect many ppl also called for the same issue, and they realized it could be a problem at their end. Hope they can resolve it ba, and most impt hope the bonus interest will come in next month!

Any idea which date the bonus interest will come in?
jialat, DBS also like that :(
bonus interest credited on 7th but can see it in your multiplier acct only on 8th :s13:
 

EarthlyTreasure

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Is CancerCare insurance apply online (with promo code) the cheapest premium to unlock Multiplier account’s insurance category?
 

yiwei

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Signed up for ManuProtect Decreasing on 01 Jul 2020 and premium deducted on 04 Jul 2020. How long does it take for the insurance component in bank & earn summary to be reflected?

I did asked the agent at the branch if it makes any difference if I paid annual or monthly and she said no difference and it will count towards the insurance category even if I paid annual (which was what she recommended).

Can anyone advise?

You sign up this month, insurance component will only start to count in Aug.
Information available in their FAQ.

See page 13 :s12:
https://www.dbs.com.sg/iwov-resourc...er-programme/DBS Multiplier Programme_FAQ.pdf
 

daranic

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Purchased the cancercare policy last month and premium for this month is due 20/7/20 but till now it is still not deducting from my bank account.

Is payment auto-deducted or I have to manually pay?
 

reddevil0728

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Purchased the cancercare policy last month and premium for this month is due 20/7/20 but till now it is still not deducting from my bank account.

Is payment auto-deducted or I have to manually pay?

Should be auto.
 

demoforce1

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Purchased the cancercare policy last month and premium for this month is due 20/7/20 but till now it is still not deducting from my bank account.

Is payment auto-deducted or I have to manually pay?

yes, it deduct on the spot.
 

demoforce1

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karakorum1999

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Purchased the cancercare policy last month and premium for this month is due 20/7/20 but till now it is still not deducting from my bank account.

Is payment auto-deducted or I have to manually pay?

Payment is auto.
Sharing my experience: I signed up for cancel care online in mid Nov 2019, and premium was deducted right away. But there was no deduction in Dec 2019, only from Jan 2020 onwards. I still got my dbs multiplier interest from Dec onwards.
Do check the B&E summary online- if the full premium (before 35% discount) is shown as eligible category (insurance) and amount, then things should be fine. If not, can ask DBS.
 

Shinji Kagawa

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G3B.
Will it be more efficient to buy both G3B and ABF at the same time if I have 500 to spend?
2ndly, why it is 20th already, still not showing up in my bank and earn summary?

The investment category hasnt showed up on my Bank&Earn summary too, has it showed up on yours?
 

maple96

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Purchased the cancercare policy last month and premium for this month is due 20/7/20 but till now it is still not deducting from my bank account.

Is payment auto-deducted or I have to manually pay?

When u buy online, u are supposed to setup your debiting account for first and subsequent premiums to be deducted by giro.

Seems there is some delay in reflecting insurance in BNE, DBS is checking.

U might want to check why not deducted, maybe another technical issue (do a Live chat with agent)
 
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