This particular promotion by DBS bank is what I call a “feeble, half-hearted and uninspiring promotion”.
DBS wants you to apply for their GIRO service to pay your Income Tax, giving you 12 months interest-free instalments.
If you are the type of person who always pays up in full, this is pretty nice.
Since charging full lump sum to Credit Card will always attract admin fees, it is much wiser to opt for a 12 months interest-free instalment plan.
My gripe is in the promotional benefit given:
S$20 Choice voucher for every 30th successful customer who applies via IBanking or AXS Stations
What a joke…..you mean a rich bank like DBS cannot afford to give S$20 each to all signups?
Read the all-important Terms & Conditions:
Terms and Conditions
1.This promotion is open to all POSB and DBS customers who successfully set up a GIRO arrangement via either DBS/POSB iBanking or at AXS stations.
2.This promotion is from 18 May 2010 to 30 Jun 2010 or while stocks last.
3.1.1 Every 30th customer who successfully sets up a GIRO arrangement for IRAS (income tax) payment via DBS/POSB iBanking will receive S$20 The Choice Vouchers.
3.2 AXS Stations
3.2.1 Every 30th customer who successfully sets up a GIRO arrangement for IRAS (income tax) payment and agrees to participate in the AXS promotion will receive S$20 The Choice Vouchers (“Vouchers”).
4.A redemption letter will be sent to the customers who are entitled to the Vouchers (“Winners”), at the end of the promotion period. At the time the letter is issued, the GIRO arrangement must be valid, and the account from which payments are to be made must, in the opinion of the Bank, be in good standing.
5.The redemption letter must be presented along with the customer’s identity card or passport at the point of redemption and the Vouchers must be redeemed by the expiry date stipulated in the letter. Please note that redemption after the expiry date will not be accepted. Redemption letters which are defaced, damaged or altered will be rejected.
6.The redemption letter and/or the Vouchers is/are not redeemable for cash or kind and is not replaceable if lost or stolen.
7.The eligibility of the customer to participate in this promotion and/or to receive the Vouchers shall be determined by DBS Bank in its absolute discretion. In the event a Winner is subsequently determined to be ineligible, that Winner shall forthwith pay the cost of the Vouchers to DBS Bank. DBS Bank is entitled to revoke the redemption letter, or if the Vouchers have been redeemed, to debit the cost of the Vouchers from any of the Winner’s personal or joint account(s) with DBS Bank or POSB.
8.DBS Bank shall be entitled to use the names of any or all Winners for print advertisements or other publicity materials, and may otherwise engage any or all such Winners for its publicity purpose without any compensation or liability whatsoever and in such manner as DBS Bank deems fit. Participation in this promotion is deemed express consent to disclosure of the participant’s personal particulars to any person or entity involved in organizing, promoting or conducting this promotion for the purposes thereof.
9.DBS Bank assumes no liability or responsibility for any late or non notification, technical hardware or software malfunction or defect of any kind, failed, delayed or incorrect transactions or processing, or lost or unavailable network connections which may affect a participant’s eligibility or chances of winning.
10.DBS Bank reserves the right to vary the terms and conditions governing this promotion, and to suspend or terminate this promotion, at any time without prior notice. DBS Bank’s decision on all matters relating to this promotion shall be final, and no correspondence or claims will be entertained.
11.These Terms and Conditions shall be governed by and construed in accordance with the laws of Singapore, and the participants irrevocably submit to the non-exclusive jurisdiction of the Singapore courts.
12.A person who is not party to any agreement governed by these terms and conditions shall have no right under the Contracts (Rights of Third Parties) Act to enforce any of these terms and conditions.