Case example:
Client A maintains both a Personal Account and a Joint Account with Client B. Aside from the Joint Account, Client B does not have any other account.
See below tables for further illustration:
Client A
| Account Balance1 as at: | 31 March | 30 April | 31 May |
|---|
| Personal Account | S$80,000 | S$300,000 | S$150,000 |
| Joint Account | S$120,000 | S$200,000 | S$50,000 |
| Total Balance | S$200,000 | S$500,000 | S$200,000 |
| Service Fee Charged | S$0 | S$0 | S$0 |
No service fee will be imposed on Client A as combined account balance(s)1 across all account(s)2 are S$200,000 and above.
Client B
| Account Balance1 as at: | 31 March | 30 April | 31 May |
|---|
| Joint Account | S$120,000 | S$200,000 | S$50,000 |
| Total Balance | S$120,000 | S$200,000 | S$50,000 |
| Service Fee Charged | S$50 | S$0 | S$50 |
S$50 service fee will be imposed on Client B for March and May. The consolidated fees of S$100 will be deducted and reflected in DBS Treasures statement in the month of July.
DOES it Mean ,with a Joint Account , your spouse (Client B) who did NOT apply for Treasures, has to also pay $50 ,just because her amount does NOT cross $200K threshold? HAS this happen to your spouse's account with $50 being deducted?
