The DBS Multiplier Account has always been one of the most popular savings accounts around – but with new changes come Feb 2020, it may no longer be as attractive as before.

For those who aren’t kept in the loop, here are the changes to the DBS Multiplier account in 2020, and the pros and cons that come with it!

TL;DR: Changes To DBS Multiplier From 1 Feb 2020

 Before 1 February 2020 From 1 February 2020 Salary Credit Must be credited via GIRO, with transaction reference code
'SAL or PAY' Will be renamed to income category instead, and will be made up of:
1) Salary Credit: Must be credited via GIRO, with transaction reference codes SAL or PAY.

2) Dividends: Must be credited via GIRO, fromCentral Depository Pte Ltd (CDP) Dividend Credit Qualify under Investment Category Will be qualified under Income Category instead Balance...