From:
http://www.dbs.com/posb/deposit/additionalinfo/basicbankaccount/faq/answers/#4
Will there be any waiver of the $2 account fee for a BBA?
DBS will waive the monthly $2
account fee that's chargeable under the BBA guidelines for
customers whose savings accounts have an average daily balance of
$500 and above.
If you are:
below 21 years old,
62 years and above,
full-time NSmen, and
on MCDS Public Assistance Scheme & Special Grant schemes;
have a POSB 5-Year Deposit Account;
(your personal savings account will not be charged any monthly
fee).
So what does the bracketed statement mean?