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DBS changed its Mutiplier plan

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Old 20-06-2019, 01:49 PM   #2191
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Monday????
Can I check if one buy share today, when will the comm appear under dbs bank and earn summary?
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Old 20-06-2019, 01:59 PM   #2192
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Monday????
So it’s t+2, thanks
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Old 20-06-2019, 02:32 PM   #2193
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After settlement date, still need to wait a few days. Not so fast.

Can I check if one buy share today, when will the comm appear under dbs bank and earn summary?
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Old 20-06-2019, 03:05 PM   #2194
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I would recommend the Singapore Savings Bond (“SSB”) approach too as it is lasting and cheap to execute!

(1) cheap as you only pay $2 x 6;
(2) your $500 x 6 principal is guaranteed by the Singapore government;
(3) you get paid interest (coupon) on your SSB in the meantime; &
(4) by choosing DBS as your CDP dividend crediting account, your investment category will be activated for the next 10 years (or at least until DBS changes it’s policy)

For insurance, you have to pay a premium which you won’t get back at all i.e. it’s a pure expense. But, insurance offers you almost immediate activation of the category whilst building SSB ladder takes 6 months to be effective. That’s the major downside.
Sorry I'm still a banking noob...so need to ask this also.

1. When I set up a CDP account, I gotta choose DBS Multiplier Account as the default CDP account right? Cannot choose other POSB/DBS account that I have right?

2. When I spend e.g. $500 for each month to buy SSB, they auto deduct from my account? Or do we use GIRO/credit card? Is this expenditure included in the monthly transactions for DBS Multiplier?

3. Are the dividends received included in the monthly transactions for DBS Multiplier?

Thanks!

Last edited by kurt111494; 20-06-2019 at 03:08 PM..
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Old 20-06-2019, 03:27 PM   #2195
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Sorry I'm still a banking noob...so need to ask this also.

1. When I set up a CDP account, I gotta choose DBS Multiplier Account as the default CDP account right? Cannot choose other POSB/DBS account that I have right?

2. When I spend e.g. $500 for each month to buy SSB, they auto deduct from my account? Or do we use GIRO/credit card? Is this expenditure included in the monthly transactions for DBS Multiplier?

3. Are the dividends received included in the monthly transactions for DBS Multiplier?

Thanks!
1) can choose other posb/ dbs account, example joint name account.
2) manually buy every month, u can choose to deduct from which account. Is purchase not counted for monthly transaction.
3) yes
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Old 21-06-2019, 09:18 AM   #2196
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Hi. Just set up multiplier account yesterday. Just to check the following:
1. I have shares purchased previously and the dividends are credited to my dbs account. Do I meet the investment criteria?
2. I need at least one credit card transaction per month to meet the credit card criteria?

Btw salary is already credited to dbs already.
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Old 21-06-2019, 10:35 AM   #2197
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Hi. Just set up multiplier account yesterday. Just to check the following:
1. I have shares purchased previously and the dividends are credited to my dbs account. Do I meet the investment criteria?
2. I need at least one credit card transaction per month to meet the credit card criteria?

Btw salary is already credited to dbs already.
Yes and Yes
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Old 21-06-2019, 12:33 PM   #2198
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Yes and Yes
Sweet. Thanks Bro..
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Old 21-06-2019, 01:48 PM   #2199
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Hi. Just set up multiplier account yesterday. Just to check the following:
1. I have shares purchased previously and the dividends are credited to my dbs account. Do I meet the investment criteria?
2. I need at least one credit card transaction per month to meet the credit card criteria?

Btw salary is already credited to dbs already.
Note that the invesment criteria only kicks in for the months where you receive dividends. If there is a month without credited dividend, then the criteria will not be activated for that month.
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Old 21-06-2019, 02:48 PM   #2200
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Note that the invesment criteria only kicks in for the months where you receive dividends. If there is a month without credited dividend, then the criteria will not be activated for that month.
I see. Guess have to go via SSB route than.
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Old 21-06-2019, 04:11 PM   #2201
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I am new to dbs multiplier. When i click “bank and earn” summary, on the left panel it shows my salary credit, cc spend and dividend amounts have been captured. Yet on the right hand columns, only a small box for salary is coloured red, the other small boxes for eligible transactions remain blank. Is this normal?
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Old 21-06-2019, 07:33 PM   #2202
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I am new to dbs multiplier. When i click “bank and earn” summary, on the left panel it shows my salary credit, cc spend and dividend amounts have been captured. Yet on the right hand columns, only a small box for salary is coloured red, the other small boxes for eligible transactions remain blank. Is this normal?
Yes, the thing on the right is basically the same image as on the multiplier website to explain the different rates. It is static, it does not change at all.
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Old 21-06-2019, 09:06 PM   #2203
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Yes, the thing on the right is basically the same image as on the multiplier website to explain the different rates. It is static, it does not change at all.
Oic. Thanks.
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Old 22-06-2019, 09:11 AM   #2204
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May I check with you people, if I get an insurance policy and payment has been made before end of this month, this insurance policy will only be considered as an additional category only from next month?

eg: I buy policy in June and first payment made in June, this insurance category will only be eligible as additional category in July?

TIA.
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Old 24-06-2019, 05:30 AM   #2205
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other than going the SSB route.

how about monthly POSB Invest-Saver?
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