DBS Multiplier Account FAQ (for my own info)

The below key information is extracted from the official DBS Multiplier Account FAQ for my own reference.


Fall-below fee $5 for Average daily balance of <S$3,000


Do I have to move my existing banking transactions in other DBS/POSB accounts to the Multiplier Account to enjoy the higher interest rates?

That is not necessary. Once you open your Multiplier Account, your eligible transactions will be tracked across the different products you hold with us. 


When will I receive my interest?

Base interest - Last calendar day of each month
Preferential interest  (if any) - 7th working day of the following month


To get high interest rate :
Up to 2.08% p.a. if your Salary Credit and transactions in 1 category adds up to S$2,000 or more • Up to 3.5% p.a. if your Salary Credit and transactions in 2 or more categories adds up to S$2,000 or more


My salary is credited into a joint account. My joint account holder also credits his salary into the same joint account and we each have our own Multiplier Accounts. What’s the salary credit amount recognised for me then?
It is the total amount of eligible salary credits in that joint account.  Example: John and Mary credit their salaries (S$3000 and S$3100 respectively) into a joint DBS eMCA account. They have their own Multiplier accounts too. They are each accorded a total salary credit amount of S$6,100.


My joint account holder and I credit our dividends from Central Depository (CDP) into a joint account. We both have our own Multiplier accounts. How will the dividends be recognised? The combined total dividend credits in that joint account will be recognised. 
Example: Michael and Sally have CDP dividend credits (S$800 and S$700 respectively) in a joint DBS account. They both have their own Multiplier Accounts. They are each accorded a total dividend credit amount of S$1,500