DBS changed its Mutiplier plan

[Trazora]

Might be a dumb question
As my pay wise take home is quite diff

Sometime i take home 2k sometime 2.5 to 2.7k

How does it calculate?

The total salary credited to your dbs/posb account(s) in a calendar month will count towards DBS multiplier salary credited for that month.

 

[iCubes]

I just started a new RSP and the amount has been deducted but not reflected under the "Bank and Earn" summary page. Is it cos the rsp has to be deducted from Multiplier account for it to be considered?

 

[Trazora]

I just started a new RSP and the amount has been deducted but not reflected under the "Bank and Earn" summary page. Is it cos the rsp has to be deducted from Multiplier account for it to be considered?

No need to be deducted from multiplier account. It is a common issue that RSP is delayed in reflecting on Bank and Earn, especially in the first month. You can call in to make sure the RSP is counted.

 

[compro_1975]

50 cents can not huh?

 

[feralslash]

Is there a way to view the history of online bill payments made through DBS iBanking? I recall OCBC has such a function, but i am unable to find a similar one for DBS.

I have a txn on my cc for SP DIGITAL PTE LTD, but the household SP bills are not handled by me. I called up DBS hotline and the lady told me it was for SP. Hence I want to check my history of bill payments made on iBanking.

edit: So i was playing around with the virtual assistant. Turns out it can show more details on the txns in the cc statement. Indeed it was payment to SP. Txn was made in jan, but the latest SP bill doesnt show the $500. Weird.

 

[vddgnd]

Is there a way to view the history of online bill payments made through DBS iBanking? I recall OCBC has such a function, but i am unable to find a similar one for DBS.

I have a txn on my cc for SP DIGITAL PTE LTD, but the household SP bills are not handled by me. I called up DBS hotline and the lady told me it was for SP. Hence I want to check my history of bill payments made on iBanking.

edit: So i was playing around with the virtual assistant. Turns out it can show more details on the txns in the cc statement. Indeed it was payment to SP. Txn was made in jan, but the latest SP bill doesnt show the $500. Weird.

Did you pay to the correct SP account?

 

[compro_1975]

my dividends only came in today... will still be counted right?

 

[a4973]

my dividends only came in today... will still be counted right?

Can check using the Bank & Earn summary dashboard

Sent from Nextbit ROBIN using GAGT

 

[Soul77]

my dividends only came in today... will still be counted right?

Should be counted. Wait a few days and it'll be reflected. I received end of the month dividend before.

 

[Cherished]

Hi guys, I would like to ask how do you guys fulfill the investment criteria for those that previously already have RSP (POSB Invest Saver) prior to opening the multiplier account.

What I was told by the customer service was that I’ll need to close and reopen a RSP of ANOTHER fund. Which means that I will lose all my existing fund in STI ETF and I can only choose ABF bond over it to fulfill??

Or can I retain my STI ETF at my current account and open another RSP with my multiplier account?

 

[Trazora]

Hi guys, I would like to ask how do you guys fulfill the investment criteria for those that previously already have RSP (POSB Invest Saver) prior to opening the multiplier account.

What I was told by the customer service was that I’ll need to close and reopen a RSP of ANOTHER fund. Which means that I will lose all my existing fund in Nikko AM and I can only choose ABF bond over it to fulfill??

SSB bond is too ex ):

Can open RSP for ABF bond, this will count for 12 months. No need to close RSP for Nikko AM or sell existing Nikko AM funds for now. But if you want to switch back to use Nikko AM to fulfil the investment criteria after the 12 months on ABF bond, you need to close the RSP for Nikko AM and sell all existing Nikko AM funds at least 6 months before you reapply RSP for Nikko AM.

 

[zuppeur]

What is the limit for the multiplier plan, Is it 50k?

If I have 20k in my saving account and 30k in the multpier, is it all 50k will earn the extra interest?

 

[whizzard]

What is the limit for the multiplier plan, Is it 50k?

If I have 20k in my saving account and 30k in the multpier, is it all 50k will earn the extra interest?

Maximum amount eligible for bonus interest is capped at $50K. Bonus interest is only paid on balances kept in the multiplier account i.e. it excludes credit balances in your other DBS accounts.

 

[bjornng]

What I did was to start on ABF bond first. At the same time, I begin creating my SSB bond ladder (you need 6 months). Once done, you can close your RSP and earn the investment category (via monthly ssb bond payout) for 10 years.

Alternatively, you can start sti etf rsp, then close your abf rsp. After your sti etf has reached 12 mths, close it again and start abf. Rinse and repeat.

You will not lose your fund in sti etf. You can just end the monthly rsp deduction.

Hi guys, I would like to ask how do you guys fulfill the investment criteria for those that previously already have RSP (POSB Invest Saver) prior to opening the multiplier account.

What I was told by the customer service was that I’ll need to close and reopen a RSP of ANOTHER fund. Which means that I will lose all my existing fund in STI ETF and I can only choose ABF bond over it to fulfill??

Or can I retain my STI ETF at my current account and open another RSP with my multiplier account?

Posted with iPhone HardwareZone Forums app

 

[Cherished]

Thanks for all the advise. Guess I will look into the SSB bond hack Want to retain my current Nikko am etf portfolio

 

[Kitaro9202]

When will the multiple be credit?
They send email me that ny statement is ok but i login see my multiple no money give leh

 

[luckygal]

Is there a minimum income to be credited monthly?

 

[Buzy_bee]

When will the multiple be credit?
They send email me that ny statement is ok but i login see my multiple no money give leh

Earliest on 7th. Latest by 7th working day

 

[Buzy_bee]

Is there a minimum income to be credited monthly?

No.
https://www.dbs.com.sg/personal/landing/dbs-multiplier/

 

[trifrost]

A question. Does the interest rate apply to money inside Multiplier account only or is calculate across various account up to 50k.

Like for example having 40K in saving account and 10k in Multiplier. The Multiplier % only apply to the 10k or 50k in both account?