Introduction
DBS annual fees can be a significant expense, especially if you have multiple accounts. However, there are several ways to waive these fees and save money. In this article, we will discuss 8 secret ways to waive DBS annual fee.
1. Maintain a Minimum Account Balance
One of the most common ways to waive DBS annual fee is to maintain a minimum account balance. The minimum balance requirement varies depending on the account type and credit tier. However, most accounts require a minimum balance of S$3,000 to waive the annual fee.
2. Use DBS Debit Card for a Certain Number of Transactions
Another way to waive DBS annual fee is to use your DBS debit card for a certain number of transactions. The number of transactions required varies depending on the account type and credit tier. However, most accounts require you to make at least 12 transactions per year to waive the annual fee.
3. Credit Your Salary to a DBS Account
If you credit your salary to a DBS account, you may be eligible for a waiver on your DBS annual fee. The salary credit requirement varies depending on the account type and credit tier. However, most accounts require you to credit at least S$1,800 per month to waive the annual fee.
4. Pay Your Bills Using DBS PayLah!
DBS PayLah! is a mobile payment app that allows you to pay your bills, send money, and make purchases. If you use DBS PayLah! to pay your bills, you may be eligible for a waiver on your DBS annual fee. The bill payment requirement varies depending on the account type and credit tier. However, most accounts require you to make at least 12 bill payments per year using DBS PayLah! to waive the annual fee.
5. Sign Up for DBS Credit Card
If you sign up for a DBS credit card, you may be eligible for a waiver on your DBS annual fee. The credit card requirement varies depending on the account type and credit tier. However, most accounts require you to spend at least S$500 per month on your DBS credit card to waive the annual fee.
6. Invest in DBS Investment Products
If you invest in DBS investment products, you may be eligible for a waiver on your DBS annual fee. The investment requirement varies depending on the account type and credit tier. However, most accounts require you to invest at least S$5,000 in DBS investment products to waive the annual fee.
7. Open a DBS Multiplier Account
If you open a DBS Multiplier Account, you may be eligible for a waiver on your DBS annual fee. The DBS Multiplier Account is a multi-currency account that allows you to earn interest on your deposits in multiple currencies. To waive the annual fee on your DBS Multiplier Account, you must maintain a minimum account balance of S$5,000.
8. Talk to Your DBS Relationship Manager
If you have a good relationship with your DBS relationship manager, you may be able to negotiate a waiver on your DBS annual fee. Your relationship manager may be able to waive the annual fee if you are a valuable customer or if you have a large amount of money deposited with DBS.
Conclusion
There are several ways to waive DBS annual fee. By following the tips in this article, you can save money on your DBS account fees.
Additional Information
In addition to the 8 secret ways to waive DBS annual fee, there are a few other things you can do to save money on your DBS account fees. These include:
- Applying for a DBS account that has a low annual fee
- Negotiating a lower annual fee with your DBS relationship manager
- Closing your DBS account if you are not using it
If you are looking for more information on how to waive DBS annual fee, you can visit the DBS website or speak to a DBS customer service representative.
