Notice of Amendment to the DBS Octopus ATM Card Terms & Conditions

To continually improve our services, with effect from 8 August 2011, if a customer has lost his/her DBS Octopus ATM Card, the customer shall only be liable for any loss arising from the unauthorized use of the Octopus functions within three hours (as opposed to 6 hours originally) after the relevant loss report is received by us. We shall amend Clause 6.1 of the DBS Octopus ATM Card Terms and Conditions to read as follows:

6. Lost card and card termination

6.1 The Customer should inform the Bank immediately upon becoming aware that his Card is lost, stolen, or captured by any ATM for whatever reasons. The Customer shall be liable for any loss arising from the unauthorized use of the Octopus functions during the first three hours after loss report is received by the Bank. The relevant provisions of the Packaged Account Terms and Conditions or the Accounts and Related Services Terms and Conditions (as the case may be) applicable to loss, theft or capture of ATM Cards shall apply with respect to the DBS Octopus ATM Card, and the Customer’s rights and obligations shall be determined accordingly.

Such amendment shall become effective from 8 August 2011.