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FAQs On DBS Wealth Management Account

The document describes a Wealth Management Account (WMA) offered by DBS Bank. The WMA allows clients to monitor their wealth portfolio and make investments online. It includes features like a dashboard view of holdings, multi-currency support, and consolidated statements. The document answers several FAQs about the account, including what it offers, applicable fees, and how to access online trading and statements.

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180 views2 pages

FAQs On DBS Wealth Management Account

The document describes a Wealth Management Account (WMA) offered by DBS Bank. The WMA allows clients to monitor their wealth portfolio and make investments online. It includes features like a dashboard view of holdings, multi-currency support, and consolidated statements. The document answers several FAQs about the account, including what it offers, applicable fees, and how to access online trading and statements.

Uploaded by

karpeo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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FREQUENTLY ASKED QUESTIONS (FAQs)

1. What is a Wealth Management Account (“WMA”)?


The WMA is an account which enables DBS Treasures clients to monitor their wealth portfolio online
and trade with ease:
• All-in-one Dashboard: Offers an overview of all your investment holdings such as Unit Trust,
Equities and more.
• Multi-Currency Portfolio: Remit, withdraw or receive foreign currencies easily as you trade in
different markets.
• Consolidated Statements: Comprehensive view of your monthly banking and investment
performance.
• DBS Online Equity Trading: Trade and monitor shares online in 7 major stock markets. Access
real-time stock prices, get price alerts and other market information and track your
investment performance via monthly consolidated statements.
• DBS Online Funds Investing: Invest in over 200 Unit Trusts online in 12 currencies and access
fund information, research analysis and investment strategies on DBS Focus Funds (shortlist
of positively-rated funds that are aligned with the bank’s current investment views).

2. Are there any charges involved?


There are no charges for the opening of this account. However, custody fees may apply if you hold
certain securities in the account. Please refer to the DBS Treasures Pricing Guide.

3. Do I need to sign any new documents/agreements for the opening of the WMA?
No action is necessary. The WMA will be opened for you when you join DBS Treasures.

4. How will I know when my WMA is opened?


You will receive a notification via email once your WMA is successfully opened.

WEALTH MANAGEMENT ACCOUNT FEATURES


5. What kind of features can I enjoy with the WMA?
A Multi-Currency Settlement Account (“MCSA”) will be included as part of your account portfolio.
This account will be used to fund your investment transactions performed with DBS Treasures. All
purchases, dividends/coupons paid out or proceeds from the sale of investments, product maturity
and/or redemption will be debited/credited into the MCSA.

On top of that, you will also be able to view your holdings and track your investment performance
online through DBS iWealth®.

6. How may I perform Online Equity Trading via DBS iWealth®?


To activate Online Equity Trading, we require you to submit a Form W-8BEN. This form refers to the
Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding and Reporting
(Individuals) for non-US persons, which is required for US tax purposes. Our dedicated DBS Treasures
Advisory Team will follow up with you on Form W-8BEN after your WMA is successfully opened. For
assistance, you may also contact us at [email protected]

Deposit Insurance Scheme – Singapore dollar deposits of non-bank depositors and monies and deposits denominated in
Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for
up to S$50,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars
under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$50,000 for
each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other
investment products are not insured.
Co. Reg. No. 196800306E
7. Will I receive statements for the WMA?
You will receive our new monthly Wealth Management Consolidated Statement which offers a
comprehensive view of your Banking and Investment performance. A complimentary electronic
statement can also be viewed via DBS iWealth®.

Information is correct as at 15 May 2018.

Deposit Insurance Scheme – Singapore dollar deposits of non-bank depositors and monies and deposits denominated in
Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for
up to S$50,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars
under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$50,000 for
each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other
investment products are not insured.
Co. Reg. No. 196800306E

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