Excellent Deal: Get 3 Big Banks’ Shares From Syfe With Just S$2,000 Deposit!
Here is an excellent welcome offer from Syfe for those who have yet to sign up for a Syfe account: get free shares from three big local banks when you sign up and fund just S$2,000 with no trades required! This is Syfe’s way of celebrating SG60 by giving shares away shares from three big banking names that have shaped Singapore.
Promo Details
Remember to use the promo code SETHISFY when signing up and fund S$2,000 into Syfe Brokerage (not Syfe Wealth) within 30 days of account opening. Make sure to maintain the minimum balance of S$2,000 and you will receive shares from DBS, OCBC, and UOB.
The landing page after you tap the Apply link below has not been updated to reflect the latest promo, so make sure you sign up and fund your Syfe Brokerage (and not Syfe Wealth) and deposit funds there.
⚠️ Again, make sure to fund Syfe Brokerage (found under Trade tab) and not Syfe Wealth (which is under Invest tab).
Syfe
Launched in Singapore in 2019, Syfe is licensed by the Monetary Authority of Singapore (MAS) to transform the way people invest and manage their money.
🎁 Syfe Brokerage
Sign up with link by 31st August 2025 and complete the following steps: Update: Syfe has ended the promo prematurely. Stay subscribed for updates.
- Sign up for a Syfe Brokerage account and complete the know-your-customer (KYC) verification process
- Apply the code
SETHISFYduring the Promotion Period - Make a one-time deposit of S$2,000 or more in fresh funds into your Syfe Brokerage account within 30 days
- Maintain a minimum balance of S$2,000 in your Brokerage account for at least 30 calendar days from the date of the deposit
Meet the requirements and receive one share of DBS, OCBC, and UOB each!
⚠️ Important Notes
- Make sure code
SETHISFYis applied. - Make sure to deposit into Syfe Brokerage (found under Trade tab) NOT Syfe Wealth (found under Invest tab)
- Only a one-time deposit of S$2,000 or more. Multiple smaller deposits that add up to S$2,000 do not meet the requirement.
- You may be disqualified from receiving the reward if your balance falls below S$2,000 during the 30-day period due to withdrawals or transfers.
- Shares will be given by 31st October 2025.
For reference only; refer to exact details in terms and conditions
No trades required?
As far as I can tell from the terms and conditions, no trades is required. If you do trade with the funds that you deposit, market fluctuations will not impact your reward eligibility. Withdrawals, however, will indeed affect your qualifying balance so refrain from withdrawing below S$2,000 during the holding period.
Get access to cost-effective ETFs in an easy-to-use app
I have been using Syfe Brokerage since its launch (it was called Syfe Trade then) and have found it to be an easy-to-use app with a clean interface. Earlier this year, they have allowed investors access to UCITS ETFs like VWRA or CSPX. Compared to US-domiciled ETFs, these ETFs have half the withholding taxes.
While the interface is great, Syfe’s exchange rates don’t seem the best compared to platforms like IBKR. I will investigate more to see what are the costs involved, but in any case if you’re gunning for the promo, you shouldn’t be too concerned about this since there is no requirement to convert the SGD deposit.
Subscribe for more deals and updates!
If you’re someone who wants to earn more from credit cards, savings accounts and other financial deals, stay subscribed to the Telegram or WhatsApp so you can be notified of news and deals. Remember to unmute and turn on notifications or the updates may not reach you.
Seth Wee was a licensed financial adviser representative from 2009 to 2025, with over 16 years of experience in Singapore’s financial advisory industry.
He started Sethisfy.com in 2019 to share practical insights on credit cards, banking products, and miles strategies, helping readers identify financial products that deliver the best value. Seth has been featured in CNA, Channel 8, Today, and a host of other publications. In 2025, he was also part of a panel at CPF’s Ready For Life festival.
Subscribe to the channel for free updates!
Disclaimer: I may receive an affiliate/referral fee when you sign up for services/products on this site, and such fees keep the site running. I would only recommend services/products I would personally use or recommend to my own friends and family, but I do not provide any warranty or guarantee for the quality of these services/products. Thank you for supporting my site!
Please exercise due diligence when signing up for any service/product as I will not be liable for any personal loss, financial or otherwise. Content published here are my sole views and personal opinion, and none of the information here constitutes personal financial advice nor represents the views of my employer(s).