Yar Hong Chiong

18 Apr 2019

∙

Will PhD stipends be considered as salary crediting for DBS Multiplier Account (or any other similar accounts)? Also, will PhD's student status qualify them for credit cards?

DBS/POSB Multiplier Account

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Hao Yu

04 Sep 2018

Advisory Specialist at MoneyOwl

Nope. DBS will only recognize transaction with under the category “Salary”. A stipend from a scholarship will not be classified under “Salary”. In addition, some stipends maybe credited at a semi-annual basis instead of monthly basis. :) as for credit card, it should be no issue if u can hit the min salary!

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Chen Zhirong

04 Sep 2018

Don't think it is because:

Your research scholarship stipend and top-ups / augmentations are not subjected to income tax.

However, if you are also receiving income under the Part-time Teaching scheme, these payments will be subjected to income tax.

http://www.nus.edu.sg/finance/students/research...

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Kenneth Lou

04 Sep 2018

Co-founder at Seedly

Depends on what the Salary crediting code is. It needs to be under 'SAL'. You can check with your Fa...

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