facebookIf 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? - Seedly

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Anonymous

14 Jan 2023

Saving Hacks

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?

Discussion (19)

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Delete the account if you feel that you have no purpose with it. If not, you can keep a minimum fee inside there so that you will use it in the future.

They do charge fall below fee, you will definitely need to cancel it if you have 0 balance otherwise you will be paying the fees

There's a service charge of S$5 a month if the minimum average daily balance (MADB) of your DBS Multiplier is less than S$3,000. This service charge is automatically waived for customers up to 29 years old.

Here's our deposit guide for reference. You'll find the details under DBS Multiplier.

https://www.dbs.com.sg/iwov-resources/pdf/depos...

I'm in depth with some company doing license money lender. Any idea to get some cash to pay the loan amount.?

Best to check with the bank. If no use, just close the account. Less one hassle....

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