DBS changed its Mutiplier plan

[jnashville]

The best to do with DBS Multiplier is to treat it as an dormant account. Put 50K inside and don't touch it. As mentioned by others our salary does not need to be put into this acct. My DBS Multiplier acct do not have any transaction posting other than the two interest payment coming into the acct.

I don't even bothered to take out the interest. I am planning to take out the interest once a year making this acct acting like a FD.

You should take out the interest in excess of 50k. Because anything more than 50k will not have the same interest if I not wrong. U can just transfer it out and put it somewhere else.

 

[Buzy_bee]

You should take out the interest in excess of 50k. Because anything more than 50k will not have the same interest if I not wrong. U can just transfer it out and put it somewhere else.

Agree. Unless you haven't hit 50k. If hit 50k already better take out the interest

 

[[Audrey]]

Hi, I am thinking of opening this account soon.

Based on the transaction table,
https://www.dbs.com.sg/personal/landing/dbs-multiplier/?cid=sg-dbs-vanity-others-dbs-multiplier

I am thinking to hit a min of $2500 transaction to get 1.85% by doing:
1) Salary Credit
2) Spend using DBS/POSB credit card

I am just wondering let's say I pay my other credit card bills for other banks using a DBS/POSB ATM card, does this transaction count towards for 2) above?

or the condition is only through a CREDIT CARD?



so when I apply for this Multiplier Card, I must also apply for a DBS/POSB Credit Card to use with this Multiplier Card is it?

 

[VaNs]

Hi, I am thinking of opening this account soon.

Based on the transaction table,
https://www.dbs.com.sg/personal/landing/dbs-multiplier/?cid=sg-dbs-vanity-others-dbs-multiplier

I am thinking to hit a min of $2500 transaction to get 1.85% by doing:
1) Salary Credit
2) Spend using DBS/POSB credit card

I am just wondering let's say I pay my other credit card bills for other banks using a DBS/POSB ATM card, does this transaction count towards for 2) above?

or the condition is only through a CREDIT CARD?



so when I apply for this Multiplier Card, I must also apply for a DBS/POSB Credit Card to use with this Multiplier Card is it?

Only through credit card transaction.

Yes when you apply multiplier account, you need to use DBS/posb cc to clock the tier

 

[Buzy_bee]

Hi, I am thinking of opening this account soon.

Based on the transaction table,
https://www.dbs.com.sg/personal/landing/dbs-multiplier/?cid=sg-dbs-vanity-others-dbs-multiplier

I am thinking to hit a min of $2500 transaction to get 1.85% by doing:
1) Salary Credit
2) Spend using DBS/POSB credit card

I am just wondering let's say I pay my other credit card bills for other banks using a DBS/POSB ATM card, does this transaction count towards for 2) above?

or the condition is only through a CREDIT CARD?



so when I apply for this Multiplier Card, I must also apply for a DBS/POSB Credit Card to use with this Multiplier Card is it?

ATM card transaction is not counted towards credit card.

 

[[Audrey]]

Only through credit card transaction.

Yes when you apply multiplier account, you need to use DBS/posb cc to clock the tier

ATM card transaction is not counted towards credit card.

Thanks guys! because someone told me pay bills using ATM card also counted as a transaction for the requirement, but i read online like not the case leh so just to check properly.

 

[[Audrey]]

I think I am getting DBS Live Fresh credit card to use with this Multiplier Card.

Wonder what you guys pair the Multiplier Card up with?

 

[Trazora]

Thanks guys! because someone told me pay bills using ATM card also counted as a transaction for the requirement, but i read online like not the case leh so just to check properly.

Think u misheard some keywords, suggest you ask the someone again

 

[[Audrey]]

Think u misheard some keywords, suggest you ask the someone again

yah the friend also blur blur one

 

[[Audrey]]

I now applying online liao.

There is a section:

- Please link my new account to my existing ATM/Debit card
- I do not wish to link my new account to my existing ATM/Debit card

If I choose the first one, that means they won't issue me with another ATM card right? I have a simple DBS platinum visa paywave card currently.

And if I choose the second one, they will issue a new Multiplier ATM card?

 

[vddgnd]

I now applying online liao.

There is a section:

- Please link my new account to my existing ATM/Debit card
- I do not wish to link my new account to my existing ATM/Debit card

If I choose the first one, that means they won't issue me with another ATM card right? I have a simple DBS platinum visa paywave card currently.

And if I choose the second one, they will issue a new Multiplier ATM card?

If no plan to cash withdraw from multiplier account. Can choose 2nd option, no new ATM card for this account. Any transaction just use ibanking.

 

[af7680]

Did you all receive interest this month already ?
Mine did not get in.

 

[Buzy_bee]

Did you all receive interest this month already ?
Mine did not get in.

Yes. Transaction date on 7 Aug, to Multiplier account.

 

[Trazora]

I now applying online liao.

There is a section:

- Please link my new account to my existing ATM/Debit card
- I do not wish to link my new account to my existing ATM/Debit card

If I choose the first one, that means they won't issue me with another ATM card right? I have a simple DBS platinum visa paywave card currently.

And if I choose the second one, they will issue a new Multiplier ATM card?

There is no atm card specific for Multiplier account. DBS debit cards can be linked to all your account. You can separately apply for another debit card eg posb passion debit card, if you want

 

[kurt111494]

I now applying online liao.

There is a section:

- Please link my new account to my existing ATM/Debit card
- I do not wish to link my new account to my existing ATM/Debit card

If I choose the first one, that means they won't issue me with another ATM card right? I have a simple DBS platinum visa paywave card currently.

And if I choose the second one, they will issue a new Multiplier ATM card?

They won't issue a new card if you choose 2nd option. Just don't transact using Multiplier account. Put your funds there, make it act like an FD.

Continue transacting using your other DBS/POSB accounts. Your current card is already linked to one of your active accounts right? Just keep it that way

 

[hlw8888]

hi, does anyone knows the base interest is based on money inside the acct on the last day of the month or the amt needs to be constant thru out the whole month? thks.

 

[af7680]

Thank you for your reply

Yes. Transaction date on 7 Aug, to Multiplier account.

 

[af7680]

As i didnt receive the interest i called dbs this morning.
Customer service says salary has to be credited in to multiplier account.
I thought salary can be credited into any of dbs account ?

 

[vddgnd]

As i didnt receive the interest i called dbs this morning.
Customer service says salary has to be credited in to multiplier account.
I thought salary can be credited into any of dbs account ?

Yes. Any DBS account with your name. Check your bank n earn summary. Not only salary credit, need 1 more category either credit card or investment or insurance

 

[af7680]

Thank you for reply
How can customer service conveniently say " salary has to be credited to mulitiplier account. Actually many customers called in due to this ".

Yes. Any DBS account with your name. Check your bank n earn summary. Not only salary credit, need 1 more category either credit card or investment or insurance