Anonymous

23 Sep 2019

∙

General Investing

For an SRS account opened with DBS, there will be a charge of $50 if the balance is below $200k?

Start A Supplementary Retirement Scheme (SRS) Account With Just $1.

But for an SRS account opened with DBS, there will be a charge of $50 if the balance is below $200k?

How is this a hack?

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Hariz Arthur Maloy

22 Sep 2019

Independent Financial Advisor at Promiseland Independent

That's impossible. There are no fees on the SRS account. The maximum contribution per year is 15.3k also. How is it possible that they'll charge $50 every year for 15 years?

And it says it right here https://www.dbs.com.sg/iwov-resources/pdf/inves...

"All other SRS charges are currently waived by the Bank until further notice"

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Just opened an SRS account. Can I only invest my funds in DBS by opening a DBS vickers account?

I have just opened a SRS account with DBS. Please share tips to invest SRS money while avoiding high fees/ expenses via DBS?

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?

Should I open SRS Account, knowing that my income tax is around $70 with a tax rebate 50% which is around $33?

If I have SRS account with DBS, can I invest with other brokerages or banks? And can be more than one? Eg, SRS account in DBS but invest in OCBC plan and Endowus portfolio?