DBS changed its Mutiplier plan

[Ginnylim07]

Anyone got their $20 for opening their account during the promotion period? I didn't see it in my account.

 

[Trazora]

Anyone got their $20 for opening their account during the promotion period? I didn't see it in my account.

Did you check the relevant TnC to see when the $20 will be credited?

 

[Smallchange]

Opened in sept, received $20 on 20 Oct.

Anyone got their $20 for opening their account during the promotion period? I didn't see it in my account.

 

[Smallchange]

Account bonus. U mean the bank and earn? If yes, try n click, it’s counted towards the rewards.

万事俱备，只欠东风。。。 Salary was credited in bank account with the transaction code 'GR' instead of 'SAL'. There goes my account bonus and the potential $80 under the DBS50 Online Account Opening Promotion.

BANG WALL AH!!!

 

[MoonlightDreams]

can use multiplier to serve as eMCA. Can close your eMCA account

can put foreign currency in multiplier also?

 

[lance88]

Does paying circle life bill using dbs live fresh card count towards online purchase of 5%?

 

[5408854088]

Anyone knows the meaning of MER transaction code? Is it only SAL and PAY are eligible for multiplier programme?

 

[ixora2007]

Opened in sept, received $20 on 20 Oct.

i opened in Sep but did not get the $20. Can't find where's the T&C now...but i thought i meet their requirement when i applied for this account.

 

[EarthlyTreasure]

Anyone knows the meaning of MER transaction code? Is it only SAL and PAY are eligible for multiplier programme?

I think MER code is MEPS Receipts or MAS Electronic Payment System. Encountered this when I wire SGD from IBKR to POSB. No bank charges at all.

Google “DBS Multiplier FAQ”, this will answer your queries (can’t paste the web link).

 

[linuskltan]

i opened in Sep but did not get the $20. Can't find where's the T&C now...but i thought i meet their requirement when i applied for this account.

I believe this is the relevant promotion? https://www.dbs.com.sg/personal/promotion/online-account-opening

 

[mrashford86]

Thanks for the link - helpful. Didn’t know this had happen

 

[ontodhcp]

Will Delay Salary affect interest

My company will usually credit in salary on the last few days of the month.
However, there are sometimes where it gets delay, and only credited on the next month.

E.g.
29 Jun
27 Jul
28 Aug
01 Oct
29 Oct

For the above example, Sep salary was delay until 01 Oct.
Will DBS take into account of the salary on 01 Oct as Sep 2018, or there won't be any multiplier interest for Sep?

 

[Trazora]

My company will usually credit in salary on the last few days of the month.
However, there are sometimes where it gets delay, and only credited on the next month.

E.g.
29 Jun
27 Jul
28 Aug
01 Oct
29 Oct

For the above example, Sep salary was delay until 01 Oct.
Will DBS take into account of the salary on 01 Oct as Sep 2018, or there won't be any multiplier interest for Sep?

of cos 01 Oct taken as for Oct, not Sep. Can try appeal, but subjected to approval

 

[AMD_FREAK]

My company will usually credit in salary on the last few days of the month.
However, there are sometimes where it gets delay, and only credited on the next month.

E.g.
29 Jun
27 Jul
28 Aug
01 Oct
29 Oct

For the above example, Sep salary was delay until 01 Oct.
Will DBS take into account of the salary on 01 Oct as Sep 2018, or there won't be any multiplier interest for Sep?

U can try to call dbs to appeal for those months that are affected. I have the same case as you in UOB, when I stupidly signed for prudential endowment plan on the last day of the month; charged to UOB one cc to earn UOB one account interest. Neither prudential nor UOB can change the deduction date. So I have to call UOB for certain months of the year to appeal and they take damn long to credit my interest.

But better late than never!

 

[5408854088]

I think MER code is MEPS Receipts or MAS Electronic Payment System. Encountered this when I wire SGD from IBKR to POSB. No bank charges at all.

Google “DBS Multiplier FAQ”, this will answer your queries (can’t paste the web link).

Thanks. Took a look at the FAQ. The only MER I found was customer, being the last three letters

 

[spearhawk]

i opened in Sep but did not get the $20. Can't find where's the T&C now...but i thought i meet their requirement when i applied for this account.

New or existing customer?

https://www.dbs.com.sg/iwov-resourc...ning-Go-Digital-and-Be-Rewarded-Promotion.pdf

 

[Kirakun83]

How come interest I get ard 2plus dollars?

 

[af7680]

Hello
Do you know when interest will be credited ?

 

[vddgnd]

How come interest I get ard 2plus dollars?

Interest credited on end of the month is 0.05% base interest. Bonus int usually is credited on 7th. You can see it in your bank account on 8th.

 

[Kirakun83]

Interest credited on end of the month is 0.05% base interest. Bonus int usually is credited on 7th. You can see it in your bank account on 8th.

Thx for the info