Anonymous

11 Sep 2021

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Deletion of the name of Joint account holder from a DBS savings account

I want to remove the name of one of the account holders in the joint account from our DBS Account. Please let me know if anyone has done that and the process.

The branch is saying it is not possible.

The option of closing the account and getting a new account number is not viable as I have to change multiple Giro's and inform many parties who do direct debit into the account.

DBS/POSB Multiplier Account

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Tan Choong Hwee

Edited 11 Sep 2021

Solutions Specialist at Providend

Don't think you can remove name from joint account especially the bank said so. You probably have to go thru the hassle of changing all the GIRO standing orders and informing relevant parties.

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If I have 0 balance in DBS multiplier account, do I need to pay for fall below fee? I am using another high saving account. If they do charge for the fall below fee, should I delete the account?

Changing names for joint savings account?

Are there advantages in having a fixed deposit account and a savings account? Why do some people put money into a FD account, instead of say, putting everything into a savings account (e.g. DBS Multiplier)?

I have open a DBS multiplier account to enjoy the interest. Previously I was using POSB saving account with 0.05% of interest. Should I close my old account,now that I have the DBS multiplier account?

Should I close my DBS Remix Savings account and link everything to my newly opened DBS Multiplier account?