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DBS raises stake in banks' cashback war

37504090.2 (39150623) - 21_07_2016 - pixbanks.jpg
DBS Bank wants to wrest deposits from competitors with a new programme that attaches cashback to the base value of the transactions, rather than the savings account.

Singapore

DBS Bank wants to wrest deposits from competitors with a new programme that attaches cashback to the base value of the transactions, rather than the savings account.

Through POSB, DBS on Monday said DBS and POSB customers can earn up to S$130 per month on cashback by