DBS changed its Mutiplier plan

[Jumpman23]

Just switched to this as well, going to dump 360 after moving all the giro arrangements over. How to close the 360? Can just send them a PM via the bank portal secured message?

 

[28242824]

Seems like if one have enrolled for the bank & earn, u cannot register for this multiplier unless u cease the bank & earn.

 

[Trazora]

Seems like if one have enrolled for the bank & earn, u cannot register for this multiplier unless u cease the bank & earn.

Can only have either POSB cashback bonus or DBS multiplier. Whichever of these chosen will be tracked under bank & earn.

 

[bibu00]

Your 200k should go into the HSBC step up account. [refer to hsbc thread]

I don't have 200k. The save bonus interest requires you to have 200k in the bank

 

[Trazora]

Question, if you hit the 50k amt, where is another bank that is good to put the remaining sum, (that doesnt have salary crediting)?

Or maybe another bank with salary crediting that provides higher interest for a greater base amount (say 80k?)

For Uob one, maybank saveup, boc smartsaver and scb bonus$aver, salary crediting is not mandatory. Need to calculate the interest you can get based on what are the criteria you can meet.

 

[TabascoSauce]

Question, if you hit the 50k amt, where is another bank that is good to put the remaining sum, (that doesnt have salary crediting)?

Or maybe another bank with salary crediting that provides higher interest for a greater base amount (say 80k?)

Citibank maxigain. I'm getting about 1.4% this month at counter 6.

Those at counter 12 are getting 2%. But it acts like a FD in the sense that u are discouraged to take money out. But it is much more liquid compared to a traditional FD

 

[The_Davis]

Do we need t0 go bank to open account?

 

[heng_ah]

Do we need t0 go bank to open account?

You can apply online if you have access to Internet Banking

 

[comex_1]

Opened this account online and meanwhile, add my partial salary pay to DBS/POSB account.

 

[VanquishShadow]

All the companies HR would start to curse and swear. lol

from the FAQ
Salary Credit: Salary credited via GIRO into any personal or joint DBS/POSB deposit account. The main description in your Statement of Account should “Salary” or “GIRO Salary”.

So if already crediting to POSB/DBS account, then no need to change.
It also means that this should be able to stack with the DBS SAYE/BYOB promo too!

 

[kennethtbh]

from the FAQ
Salary Credit: Salary credited via GIRO into any personal or joint DBS/POSB deposit account. The main description in your Statement of Account should “Salary” or “GIRO Salary”.

So if already crediting to POSB/DBS account, then no need to change.
It also means that this should be able to stack with the DBS SAYE/BYOB promo too!

also wondering if it will stack. its a good option if it does.. so dbs multiplier + byob

 

[TabascoSauce]

looks like it is possible to have both multiplier and byob.

jus to check, the paylah wallet can be credited back to my bank acc rite?

 

[VanquishShadow]

looks like it is possible to have both multiplier and byob.

jus to check, the paylah wallet can be credited back to my bank acc rite?

yes, paylah can be transferred back to ur bank acct.

if paylah wallet exceeds $200, auto transfer back to ur bank acct also

 

[TabascoSauce]

yes, paylah can be transferred back to ur bank acct.

if paylah wallet exceeds $200, auto transfer back to ur bank acct also

nice. think im going to open the multiplier acc, byob acc and dbs vickers tml

dbs will be my new all-in-one banking solution.

ocbc used to be my all-in-one, but unfortunately im no longer their targeted customer group.

 

[VanquishShadow]

nice. think im going to open the multiplier acc, byob acc and dbs vickers tml

dbs will be my new all-in-one banking solution.

ocbc used to be my all-in-one, but unfortunately im no longer their targeted customer group.

i think the BYOB promo is over liao

 

[TabascoSauce]

i think the BYOB promo is over liao

the $88 promo arh? yea, ended on 31 Oct unfortunately.

 

[bbbbbw]

I just opened multiplier today.
I thought can convert savings plus to multiplier but the bank officer say cannot.

 

[silverbomb]

Opened this account online and meanwhile, add my partial salary pay to DBS/POSB account.

How do you partial salary? inform HR to split your salary?

 

[Frostmourne1987]

Finally DBS wake up liao.. the previous multipler was so ridiculous hahaha

Anybody knows if we can open dbs acct at posb bank? Or dbs acct can only be opened at dbs bank?

 

[Trazora]

Finally DBS wake up liao.. the previous multipler was so ridiculous hahaha

Anybody knows if we can open dbs acct at posb bank? Or dbs acct can only be opened at dbs bank?

Posb bank also can. Btw can apply dbs multiplier online easily if you already have posb/dbs account.