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DBS changed its Mutiplier plan

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Old 12-03-2019, 11:28 AM   #1591
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iBanking bill payment is not cc spending...so its definitely the reason why you didnt get any interest
Pay using cc of course

So can i conclude ibanking bill payment by cc is not counted? Or call dbs to check

Does multiplier have statement details like how much qualifying spend you made similar to uob one acc?
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Old 12-03-2019, 11:34 AM   #1592
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Anybody has yet to receive February bonus like me?
Same. Was wondering.
Is there a min. amt of salary credited?
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Old 12-03-2019, 11:43 AM   #1593
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Pay using cc of course

So can i conclude ibanking bill payment by cc is not counted? Or call dbs to check

Does multiplier have statement details like how much qualifying spend you made similar to uob one acc?
yes if you have consolidated statements, but there is a delay of 1 month, so for Feb statement detail you can only see in the Mar statement.
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Old 12-03-2019, 11:57 AM   #1594
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Pay using cc of course

So can i conclude ibanking bill payment by cc is not counted? Or call dbs to check

Does multiplier have statement details like how much qualifying spend you made similar to uob one acc?
Bill payment using DBS ibanking is not considered "retail" spending and won't earn you bonus interest.
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Old 12-03-2019, 12:07 PM   #1595
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Anybody has yet to receive February bonus like me?
All bonus credited on same day of Mar. 7th for all.

Not received simply means no bonus already.
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Old 12-03-2019, 12:08 PM   #1596
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Bill payment using DBS ibanking is not considered "retail" spending and won't earn you bonus interest.
Forgot to charge to "retail" last month. Will charge this month

Spservices app sure qualify right?
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Old 12-03-2019, 12:50 PM   #1597
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SP services app payment using credit card? Yes. Counted as CC spend

Forgot to charge to "retail" last month. Will charge this month

Spservices app sure qualify right?
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Old 12-03-2019, 01:26 PM   #1598
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Only cc spending was ibanking bill payment. Is that the reason?
Should be due to salary crediting not met.

Last edited by Trazora; 12-03-2019 at 01:35 PM..
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Old 15-03-2019, 11:30 PM   #1599
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Love this account.

Allows (not a loophole) my salary that is credited into our joint DBS account and the joint mortgage installments to be counted twice for both my own Multiplier and my wife’s (who is not a salaried employee) Multiplier account. Effectively, she just needs to spend $1 on her own DBS credit card and she gets all the eligible credits that I get for the bonus interest calculation.

Hence, we get bonus interest on $100k ($50k x 2) instead of just $50k.
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Old 21-03-2019, 07:13 AM   #1600
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I have a question. I currently hold DBS multiplier account where my salary gets credited monthly (not the joint account). I do have a joint account with my wife which is a regular savings account, where I transfer some money for our monthly family expenses. My wife does not earn currently. So if my wife opens her multiplier account, will she also be eligible for extra bonus interest on her multiplier balance? I do understand that there a second category requirement which will be required for her case but that can be easily be met by purchasing a $100 Bond fund per month.

Love this account.

Allows (not a loophole) my salary that is credited into our joint DBS account and the joint mortgage installments to be counted twice for both my own Multiplier and my wife’s (who is not a salaried employee) Multiplier account. Effectively, she just needs to spend $1 on her own DBS credit card and she gets all the eligible credits that I get for the bonus interest calculation.

Hence, we get bonus interest on $100k ($50k x 2) instead of just $50k.

Last edited by blue_denim24; 21-03-2019 at 07:22 AM..
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Old 21-03-2019, 08:02 AM   #1601
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Dividends from bonds when credited into posb account will count as investment not ah? I have a posb and also multiplier account under my name.

Buying bonds from multiplier account will not count as investment right?
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Old 21-03-2019, 10:49 AM   #1602
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Buying A35 via posb investsaver RSP ticks your investment category for multiplier account . Tried and tested.

Dividends from bonds when credited into posb account will count as investment not ah? I have a posb and also multiplier account under my name.

Buying bonds from multiplier account will not count as investment right?
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Old 21-03-2019, 10:56 AM   #1603
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I have a question. I currently hold DBS multiplier account where my salary gets credited monthly (not the joint account). I do have a joint account with my wife which is a regular savings account, where I transfer some money for our monthly family expenses. My wife does not earn currently. So if my wife opens her multiplier account, will she also be eligible for extra bonus interest on her multiplier balance? I do understand that there a second category requirement which will be required for her case but that can be easily be met by purchasing a $100 Bond fund per month.
Cannot. In order for her to be accorded “eligible credits”, the transaction must be from/into a joint account. So, you need to shift your salary crediting into your joint savings account for her to be accorded your salary “credits”.

You can then auto GIRO out a fixed amount of your balance salary each month into your multiplier account should you prefer to do so.

Last edited by whizzard; 21-03-2019 at 10:58 AM..
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Old 21-03-2019, 11:18 AM   #1604
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Got it . Thanks for your response.

Cannot. In order for her to be accorded “eligible credits”, the transaction must be from/into a joint account. So, you need to shift your salary crediting into your joint savings account for her to be accorded your salary “credits”.

You can then auto GIRO out a fixed amount of your balance salary each month into your multiplier account should you prefer to do so.
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Old 21-03-2019, 01:48 PM   #1605
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Buying A35 via posb investsaver RSP ticks your investment category for multiplier account . Tried and tested.
Oh ok.. I was thinking about SIA bonds through ESA.. got count or not ah? Then next time get dividends from CDP.. if deposit to either POSB or multiplier will count as investment right?


Last edited by tecnica; 21-03-2019 at 01:53 PM..
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