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Singapore
 

Deutsche Bank's salary donation scheme clicks with staff

Deutsche Bank's Donate One Day initiative has raised $1.4m for charity

Published on Jun 9, 2014 8:39 AM
 
The headquarters of Deutsche Bank in Frankfurt am Main, western Germany. The Singapore branch of Germany's Deutsche Bank started the Donate One Day scheme in 2010 and support has grown since. -- PHOTO: AFP

With just a click, employees at a bank here can donate part of their salaries - ranging from one to 30 days - to charity.

If one earns $5,000 a month and gives a day's wages, this means more than $160 is donated in seconds.

The Singapore branch of Germany's Deutsche Bank started this Donate One Day scheme in 2010 and support has grown since. Last year, $435,000 was raised by 370 staff members, or a fifth of the bank's team here. That was nearly thrice as much as the $153,000 raised in 2010 by 90 of the bank's employees.

It is easy to donate: Staff get an e-mail about the fund-raising drive, usually in September. They click a link, give their details, and decide how many days of their salaries they want to donate.

 
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