How to open an account with DBS/POSB Singapore?

For the new customers

For the existing customers

  1. Visit here
  2. You can apply for a personal/joint-alternate account
  3. Complete the form and upload the necessary documents mentioned below
  4. Once submitted online, account will be opened instantly
  5. For applications submitted beyond the period stated via digibank Online or digibank Mobile will take 2 working days to complete.
  6. Once your account is opened, you will receive a notification in the “Notifications” service on digibank Online. The account number will be stated in the notification.

Types of account

  1. My Account
  2. DBS Multiplier Account
  3. eMySavings Account
  4. POSB SAYE Account
  5. Fixed Deposit Account
  6. Supplementary Retirement Scheme

My Account (Savings account) – Personal and Joint-alternate account, Child below 16 years old

Apply for Personal Account

  • Personal Details
  • Additional Details
  • Verify Details

Apply for Joint-Alternate Account

  • Personal Details
  • Additional Details
  • Joint Applicant Details
  • Verify Details

Apply with your Child below 16 years old

Enter the parent Personal Details such as name, NRIC number, phone number, nationality, Existing Savings/Current Account Number

DBS Multiplier Account –┬áPersonal account

Earn up to 3.00% p.a. on your savings. No minimum salary credit. No minimum credit card spend. Plus, save and transact in SGD and foreign currencies in one account.

Apply Now

eMySavings Account – Personal and Joint-alternate account

A special savings account that allows you to save monthly in a hassle-free way.

Apply for Personal Account

Apply for Joint-Alternate Account

POSB SAYE Account – Personal account

Enjoy extra 2% p.a. interest when you credit your salary and have successful monthly saving with us.
Apply Now

Fixed Deposit Account – Personal account

Save a fixed amount for a fixed tenor at competitive interest rates with the multi-currency Fixed Deposit.

Apply Now

Supplementary Retirement Scheme – Personal account

Supplementary Retirement Scheme (SRS) lets you save for your retirement and enjoys tax benefits.

Apply Now

Online Application DBS Functional Email
Personal Deposit Account: accountopening@dbs.com
Joint-alternate Deposit Account: jointaccount@dbs.com

What are the required documents to open an account at DBS / POSB?

Singaporean/Permanent Resident

1. Identification Document

  • Provide front and back of NRIC
  • Applicant below the age of 15 or have not been issued with NRIC:
  • Provide Birth Certificate (For Singaporean)
  • Provide valid Re-entry Permit and Passport (For Singapore Permanent Resident)

2. Proof of Residential Address*

Provide the latest copy (within last 3 months) of any of the items below:

  • Back of NRIC
  • Local utility bill
  • Local telecommunication bill
  • Local bank statement/credit card statement
  • Letter issued by government of other public bodies regulated for AML practices in a FATF member country
  • Letter from regulated insurance companies in a FATF member country
  • Letter from school (restricted to official letters from educational institutions or schools under the purview of Council for Private Education or Ministry of Education)

Foreigner (Working in Singapore)

1.Identification Document

  • Provide valid Passport (biodata)
  • For Malaysian – Provide front and back of Malaysian IC

2. Proof of Employment

  • Employment pass / 1In Principal Approval (IPA) issued by Ministry of Manpower

3. Proof of Residential Address

Provide the latest copy (within last 3 months) of any of the items below:

  1. In Principal Approval (IPA) issued by Ministry of Manpower (For online account application, IPA can only be accepted for either item 2 or 3, not both.)
  2. Work permit of foreign domestic worker (domestic helper) issued by Ministry of Manpower before 24 August 2020
  3. SGWorkPass App screenshot for foreign domestic worker (domestic helper) issued by Ministry of Manpower after 24 August 2020
  4. Offer letter of
  5. Employment Letter
  6. Latest payslip
  7. Local utility bill
  8. Local telecommunication bill
  9. Local bank statement/credit card statement
  10. 2Letter issued by government of other public bodies regulated for AML practices in a FATF member country (Overseas residential address is acceptable.)
  11. 2Letter from regulated insurance companies in a FATF member country (Overseas residential address is acceptable.)
  12. Acceptance letter from school (restricted to official letters from educational institutions or schools under the purview of Council for
  13. Private Education or Ministry of Education)

Foreigner (Studying in Singapore)

1. Identification Document

  • Provide valid Passport (biodata)
  • For Malaysian – Provide front and back of Malaysian IC

2. Proof of Study in Singapore

  • Matriculation card/ Student card (includes In-Principle Approval by ICA)
  • Acceptance letter from school (restricted to official letters from educational institutions or schools under the purview of Council for Private Education or Ministry of Education)

3. Proof of Residential Address

Provide the latest copy (within last 3 months) of any of the items below:

  • Local utility bill
  • Local telecommunication bill
  • Local bank statement/credit card statement
  • Letter issued by government of other public bodies regulated for AML practices in a FATF member country (Overseas residential address is acceptable)
  • Letter from regulated insurance companies in a FATF member country (Overseas residential address is acceptable)
  • Acceptance letter from school (restricted to official letters from educational institutions or schools under the purview of Council for Private Education or Ministry of Education)

Foreigner (Dependent/Long term visit pass)

1. Identification Document

  • Provide valid Passport (biodata)
  • For Malaysian – Provide front and back of Malaysian IC

2. Dependent/Long term visit pass

3. Proof of Residential Address

Provide the latest copy (within last 3 months) of any of the items below:

  • Local utility bill
  • Local telecommunication bill
  • Local bank statement/credit card statement
  • Letter issued by government of other public bodies regulated for AML practices in a FATF member country (Overseas residential address is acceptable)
  • Letter from regulated insurance companies in a FATF member country (Overseas residential address is acceptable)

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