Dash PET

[arctician]

Dash EasyEarn is 1.5% after one year, so I'll keep. Dash PET is only 1% after one year, so you have to ask yourself if you can get at least 1% elsewhere. For me I might surrender and put in Singlife (1% above 10K), or just keep - I'm indifferent.

i see thanks and max limit i.e. 20K and 30K stay the same after 1st year for easyearn and PET? Looking at int rate now there are no better alternatives, 1% in current market is very good already.

 

[reddevil0728]

let say when dashpet or dash easyearn ends in 12 months, are we still advised to keep $30K in account assuming 1% PA? i read the tnc PDF but couldnt locate any info after 12 months. In fact i also couldnt find the $30K cap in the pdf anyway so have to resort to googling hwz dash thread.

- depends on the returns other products are offering at the time. If there are other products that offer higher returns, will you stick with dash easyearn or pet?

- don’t have to see the pdf what. Can go to the website to see, the 12 months and also the cap

 

[reddevil0728]

i see thanks and the bonus interest after the 1st year stay the same in terms of the max limit i.e. 20K and 30K respectively? Looking at int rate now there are no better alternatives, 1% in current market is very good already.

Huh? Bonus interest stays the same after 1st year? Isn’t it the bonus interest is just for the 1st year?

is the 12 months later now? No right?

 

[arctician]

Huh? Bonus interest stays the same after 1st year? Isn’t it the bonus interest is just for the 1st year?

is the 12 months later now? No right?

oh yai got it wrong, new to this pet thing, bonus int is for 1st year, then 1% PA is for period after first 12 months and capped at $30K only for pet.

 

[demoforce1]

can we withdraw to paynow or bank account? I read in the past, need to pay $0.7, is that still applicable?

 

[cassowary18]

can we withdraw to paynow or bank account? I read in the past, need to pay $0.7, is that still applicable?

Dash PET bank account need to pay $0.70
Dash PET Dash wallet bank account is free currently but note the $30K transaction limit on Dash wallet

 

[luvpraline]

Dash PET bank account need to pay $0.70
Dash PET Dash wallet bank account is free currently but note the $30K transaction limit on Dash wallet

iirc, dash wallet can only hold max 3k for verified account

 

[silverbomb]

Dash PET bank account need to pay $0.70
Dash PET Dash wallet bank account is free currently but note the $30K transaction limit on Dash wallet

30k applies even for withdrawals? Yearly limit? Dash 30k limit is a MAS limit for prepaid/wallet spendings. Withdrawal is not spendings leh

 

[zoneguard]

30k applies even for withdrawals? Yearly limit? Dash 30k limit is a MAS limit for prepaid/wallet spendings. Withdrawal is not spendings leh

https://www.mas.gov.sg/-/media/MAS/...ct/Payment-Services-Act-FAQ-13-April-2020.pdf
Q46: MAS is imposing a cap on the amount of funds that can be stored in personal e-wallets. Why is this necessary if the float is already subject to safeguarding requirements?

46.1 Banks perform a vital economic function of intermediating savings by taking in deposits and on-lending these funds back into the economy, while non-bank payment institutions do not perform similar economic functions.
46.2 The caps help to ensure the continued stability of Singapore’s financial system by reducing the risk of significant outflows from bank deposits to non-bank e-money, and maintain the ability of banks to act as stabilisers in times of crisis. The stock and flow caps are set initially at $5,000 and $30,000respectively, and will be reviewed over time as Singapore’s financial system and payment landscape evolves.

 

[silverbomb]

https://www.mas.gov.sg/-/media/MAS/...ct/Payment-Services-Act-FAQ-13-April-2020.pdf
Q46: MAS is imposing a cap on the amount of funds that can be stored in personal e-wallets. Why is this necessary if the float is already subject to safeguarding requirements?

46.1 Banks perform a vital economic function of intermediating savings by taking in deposits and on-lending these funds back into the economy, while non-bank payment institutions do not perform similar economic functions.
46.2 The caps help to ensure the continued stability of Singapore’s financial system by reducing the risk of significant outflows from bank deposits to non-bank e-money, and maintain the ability of banks to act as stabilisers in times of crisis. The stock and flow caps are set initially at $5,000 and $30,000respectively, and will be reviewed over time as Singapore’s financial system and payment landscape evolves.

Grab you can transfer more than 30k it does not cap (unless you transfer to other people other than yourself). This regulation is capping the amount stored at any 1 time. 5k for most, although it is subjected to decision to each wallet provider. Dash chooses to leave it lower at 3k. Spending limit and transfer limit should be 2 seperate matters.

Example from Grab:
Will transfers be counted towards my annual spend limit?
Transfers to your own PayNow account (i.e. the bank account linked to your Grab mobile number) will not be counted towards your annual spend limit.
However, transfers to other accounts or e-wallets will count towards your annual spend limit of S$30,000

 

[cassowary18]

Oh, I got mixed up... The limit is $2k per day and $10k per month using the Dash wallet intermediary method, as that is considered an e-wallet top up.

https://dash.com.sg/faqs/Top-up

 

[demoforce1]

Dash PET bank account need to pay $0.70
Dash PET Dash wallet bank account is free currently but note the $30K transaction limit on Dash wallet

I dont see withdraw from Dash in my app, how to enable this?

 

[cassowary18]

I dont see withdraw from Dash in my app, how to enable this?

Under "send money"

 

[silverbomb]

I dont see withdraw from Dash in my app, how to enable this?

Are you already using dash pet?

 

[demoforce1]

Under "send money"

ok thanks, see it now

 

[heng_ah]

iirc, dash wallet can only hold max 3k for verified account

Does it apply for transfer from PET to Dash Wallet?

e.g,upon my PET first anniversary year, can the wallet hold 15k if I were to transfer from PET to wallet?

 

[saintgtril]

1. Verify your Dash account.

2. Top-up $999 using credit card. Some cards may give you cashback (e.g. CIMB World Mastercard).

3. Ask 2 of your family/friends to top-up $999 to their Dash account and transfer to your Dash account.

4. Sign-up for Dash PET using your Dash account balance. After this, you can no longer top-up Dash account using cards.

If you do not want to involve your family/friends, ignore step 1 and 3.

Hi all, anyone knows if the above method still work? I hope it does.

 

[luvpraline]

Does it apply for transfer from PET to Dash Wallet?

e.g,upon my PET first anniversary year, can the wallet hold 15k if I were to transfer from PET to wallet?

i strongly doubt u can transfer 15k if the wallet can only hold 3k. best is call etiqa to verify.

 

[vegavega25]

Dash PET bank account need to pay $0.70
Dash PET Dash wallet bank account is free currently but note the $30K transaction limit on Dash wallet

Is interest compounded in Dash PET?

 

[saintgtril]

Hi all, what is the interest after first year? Thanks

Background: With effect from 26 Apr, Dash Pet is 1.3% on the 1st 10K and 0.3% for above $10K, for the 1st year.