Should I apply online if I know I’m not eligible for instant account opening?

Absolutely! You can still save time by providing required information online, and then make an appointment with a Relationship Manager to complete your application at any branch.

What documents do I need to prepare to apply for a business account?

No documents are needed for applicants who meet our criteria for instant account opening. For all other applicants, view this checklist . We only require documents after the application has been submitted online. We’ll pick up your documents by courier if you’re arranging to meet a Relationship Manager. For branch appointments, bring the documents when you visit.

I am unable to find my company on the 'ACRA Details' step in the online application form. Why?

Try keying in your company name without 'Pte Ltd', etc. and you should be able to locate your company. Please note that if your company is newly registered, it will take 2 working days before your company details can be retrieved via ACRA search.

Can I still make over-the-counter transactions in person at DBS Bank branches?

Yes, you can. Kindly note that there is an over-the-transaction charge of S$20 for the DBS Business Multi-Currency Account and S$40 for the DBS Business Multi-Currency (Starter) Account per transaction. This charge will be waived till Q2 2022. You can save money by performing payment issuance and collections transactions digitally. To make cash deposits, you can use our cash deposit machines for free.

How often are account statements provided?

Monthly account statements are available from the 3rd business day of the following month as eStatements, which you can view on DBS IDEAL online banking platform. With eStatements, you'll never have to wait for your account statements to be printed and delivered through post. You can even view eStatements from as far back as 7 years and decide who within your company has access to them.

Why should I apply for a multi-currency account when I only need to transact in SGD?

With the DBS Business Multi-Currency Account, you can transact in SGD and 12 other currencies. Best of all, you only need to manage all these different currencies from one account.

What does the S$30 flat fee for outward TT (telegraphic transfer) cover?

This flat fee only covers transactions made digitally via DBS IDEAL. It does not include any applicable agent bank fees. If you make outward telegraphic transfers at our bank branch, standard charges as listed on our pricing guide will apply.

Is there a payment schedule for settling the fees and charges of my account?

Annual account fees are debited on the anniversary of the account opening date. Transactional fees for GIRO, FAST, and TT (telegraphic transfer) transactions made in the previous month are debited on the 22nd of each month, or the next business day if the 22nd is a non-business day.

Do I automatically get to book FX contracts when the account is opened?

First, you need to sign up for FX Online while you’re applying for your business account. Once your account is opened, you can book FX contracts at competitive rates on FX Online, through DBS IDEAL online banking platform.

Am I missing anything if I apply for this Starter Bundle?

Absolutely not! You’re getting the same DBS Business Multi-Currency Account that supports 13 currencies. If your business is a young enterprise or start-up, you would be happy to know that the Starter Bundle was specially created to support your budding company with affordable and accessible banking services.

Can you consider my application for Starter Bundle if my company has been incorporated for more than 3 years?

We’re afraid you would have to apply for DBS Business Multi-Currency Account instead.

Can I apply for Starter Bundle for my new business even though I already have a DBS business account?

Yes. If your new company has not been incorporated for more than 3 years on the date of the account application, it qualifies for the Starter Bundle.

Do I need to switch to another account when my company reaches its fourth year of incorporation?

No, you need not. You can continue with this account for as long as it meets your business needs.

How can I make use of the unlimited free FAST and GIRO transactions?

You can make as many FAST and GIRO payment transactions as you need for free. These payment transactions must be made via DBS IDEAL. From Q2 2022, unlimited free FAST and GIRO payment transactions for the Starter Bundle excludes Bulk Payments or Payroll transactions —these are chargeable at standard rates as listed on our pricing guide .

What does the S$30 flat fee for outward TT (telegraphic transfer) cover?

This flat fee only covers transactions made digitally via DBS IDEAL. It does not include any applicable agent bank fees. If you make outward telegraphic transfers at our bank branch, standard charges as listed on our pricing guide will apply.

Is there a payment schedule for settling the fees and charges of my account?

Monthly account fees are debited on the last working day of the month. Transactional fees for GIRO, FAST, and TT (telegraphic transfer) transactions made in the previous month are debited on the 22nd of each month, or the next business day if the 22nd is a non-business day.

Do I automatically get to book FX contracts when the account is opened?

First, you need to sign up for FX Online while you’re applying for your business account. Once your account is opened, you can book FX contracts at competitive rates on FX Online, through DBS IDEAL online banking platform.

What documents do I need to prepare to apply for a business account?

Singapore incorporated companies fully owned by Singapore citizens or PRs may not need to submit documents. However, some businesses might require additional documents as shown within this checklist and a relationship manager will contact you if needed. For businesses with foreign beneficiaries, please apply here.

I am unable to find my company on the 'ACRA Details' step in the online application form. Why?

Try keying in your company name without 'Pte Ltd', etc. and you should be able to locate your company. Please note that if your company is newly registered, it will take 2 working days before your company details can be retrieved via ACRA search.

Why should I open a business account instead of using my personal account?

Protect your personal assets and simplify your finances. A dedicated business account provides a clear separation between your business and personal transactions, making accounting easier and offering liability protection. Plus, it builds credibility and professionalism for your business.

Why do I still need a Business Debit Card?

It’s free! What’s more, enjoy true $0 FX fees for all currencies across 200+ countries & territories, unlimited 1% cashback, and up to US$1.6M complimentary corporate liability insurance when you apply for the DBS Business Advance+ Card.

Can I still make over-the-counter transactions in person at DBS Bank branches?

Yes, you can. Kindly note that there is an over-the-counter charge of S$20 per transaction. You can save money by performing payment issuance and collections transactions digitally. To make cash deposits, you can use our cash deposit machines for free.

Am I missing anything if I apply for this Starter Bundle?

Absolutely not! You’re getting the same DBS Business Multi-Currency Account that supports 13 currencies. If your business is a young enterprise or start-up, you would be happy to know that the Starter Bundle was specially created to support your budding company with affordable and accessible banking services.

Can you consider my application for Starter Bundle if my company has been incorporated for more than 3 years?

We’re afraid you would have to apply for DBS Business Multi-Currency Account instead.

I've just started my business and opened a Starter Bundle. What happens when my business turns three years old?

Congratulations on your new venture! You'll seamlessly transition to our Business Multi-Currency Account designed for established businesses. We'll reach out proactively closer to your three-year anniversary to notify you on the conversion, ensuring a smooth switch with minimal disruption to your banking.

How can I make use of the unlimited free FAST and GIRO transactions?

You can make as many FAST and GIRO payment transactions as you need for free. These payment transactions must be made via DBS IDEAL. From Q4 2022, unlimited free FAST and GIRO payment transactions for the Starter Bundle excludes Bulk Payments or Payroll transactions —these are chargeable at standard rates as listed on our pricing guide.

Can I still make over-the-counter transactions in person at DBS Bank branches?

Yes, you can. Kindly note that there is an over-the-counter charge of S$40 per transaction. You can save money by performing payment issuance and collections transactions digitally. To make cash deposits, you can use our cash deposit machines for free.

DBS Business Multi-Currency Account

S$398 cash rewards + up to S$265
in savings per FX and overseas transfer

DBS Business Multi-Currency Account

S$398 cash rewards + up to S$265
in savings per FX and overseas transfer

Welcome Back! Ready to Complete Your Application?
Resume your application to achieve success sooner!

Resume Application

Get S$138 sign-up bonus when you open a DBS Business Multi-Currency Account online, up to S$260 in cash rewards when you activate and spend on your BAC+ debit card, and up to $265 in savings per FX and overseas transfer! T&Cs apply. Offer ends 30 September 2026.

Account/Features	Business Multi-Currency Account – Starter Bundle	Business Multi-Currency Account
Years in Business	Less than 3 years	More than 3 years
Account Fees	S$10 (monthly)	S$50 (annual)
Account Set Up Fee	S$0 for fully local ownership^
Monthly Service Charge	S$0	S$40*
FAST & GIRO Via DBS IDEAL	Unlimited Free Payments	50 Free Payments
Outward Telegraphic Transfers Fees	S$30 flat fee, excluding agent bank fees
DBS Business Advance+ Debit Card (BAC+ debit card)	No Annual Fees, 0 FX Charges
DBS Fixed Deposit Account	Complimentary
Currencies Supported	SGD, USD, JPY, HKD, EUR, AUD, CAD, CHF, CNH, GBP, NOK, NZD, and SEK
Current Promotions	S$138 Cash for your new account¹ S$80 Cash when you activate and spend min. S$1,000 on your BAC+ debit card¹ Up to S$180 cashback with a min. spend of S$1,000 per month for first 3 months on your BAC+ debit card² Enjoy S$15 flat fee for every overseas payment during the offer period^3# Up to S$250 in FX savings per transaction on DBS IDEAL during the offer period^4# Enter the campaign code “DBS4SMES” in the campaign code field of the online account opening form to enjoy this offer.
	Apply Now	Apply Now

_{^One‑time setup fee waiver applies only to businesses with fully local ownership using the online application form.}

_{*Waived if average daily balance is at least S$10,000 or equivalent.}

_{¹Limited to the first 200 sign ups each in Jul, Aug and Sep 2026.}

_{²Find out more here.}

_{³S$15 flat fee applies to each OTT transaction during the offer period, excluding agent bank charges. No minimum or maximum transaction count and amount applies.}

_{⁴Estimated FX savings of up to S$250 are based on a single transaction amount of S$200,000. Actual savings may vary depending on transaction amount (capped at S$200,000 per transaction) and market conditions. There is no cap on the number of transactions.}

_{^#Applicable to all new customers who open accounts from 1 Jul 2026 to 30 Sep 2026. The offer period is applicable for 3 consecutive months starting from the month after account opening (cut-off: 24th each month; for accounts opened after the 24th, the offer period will start in the month following the next month).}

_{Terms & Conditions apply here}_.

_{Please refer to link for disclaimers relating to Global Financial Markets sales and/or trading materials of DBS Bank Ltd. This advertisement/material has not been reviewed by the Monetary Authority of Singapore.}

By clicking "Apply now", you agree to the DBS Privacy Policy and Terms & Conditions Governing the Use of Online Application.

Note: Fees are inclusive of GST where applicable. View the Pricing Guide for details.

6 great reasons to apply today

Turn your DBS Business Multi-Currency Account into a strategic advantage.

Bank globally with 13 major currencies

Expand your business reach with one account that holds 13 major currencies - including SGD, USD, EUR, GBP, JPY, HKD, AUD, CAD, CHF, CNH, NOK, NZD, and SEK - without the hassle of multiple accounts.
Apply online with ease

Apply completely online if your company is incorporated in Singapore and fully owned by Singaporeans or PRs.
Save more with free FAST and GIRO Transfers

Save on banking costs with up to 50 free FAST and GIRO transfers each month - or enjoy unlimited free transfers with the Starter Bundle.
Earn unlimited 1% cashback on business transactions

Enjoy more value from your DBS Business Advance+ Debit Card's spend with $0 FX fees, unlimited 1% cashback, and up to US$1.65M complimentary corporate liability insurance. T&Cs apply.
Lock in Your FX Rates Early

Secure your preferred rates with SecureFX for 5 key
currency pairs^# - up to one month ahead. Make local and
overseas payments of up to US$1 million, with no
credit lines or extra cost.

^#USD/SGD, EUR/SGD, EUR/USD, GBP/SGD, JPY/SGD
Book Live, Competitive Rates for Extended Periods

Book FX transactions online across over 40 currency pairs,
and up to a year in advance with DBS FX Online.

Why SMEs Trust DBS

Southeast Asia's Leading Digital Bank - Ranked #1 Digital Bank by Euromoney 2025

Regulatory Excellence - Licensed and regulated by MAS with S$50B+ in SME lending

Award-Winning Security - ISO 27001 certified with 256-bit encryption and fraud monitoring

24/7 Support - Dedicated BusinessCare team with 95% same-day resolution rate

Bank with confidence

Financial Strength You Can Rely On

AA- credit rating from S&P Global Ratings
S$50+ billion in total assets
S$12B+ monthly SME transaction volume processed

Your Money is Protected

Singapore Deposit Insurance Corporation (SDIC) protection up to S$100,000
Advanced fraud detection and real-time transaction monitoring
Multi-factor authentication and biometric security

How to open a new business account

1

Get ready

Have your company’s UEN and the contact details of all account users on hand to apply quickly.

2

Complete your application online

Missing some information? You can always save as draft to continue later.

3

Look out for our good news

We'll email your account access info upon successful application.

Apply for a Business Multi-Currency Account Now

Third Party Accounting Software Integration

Link your Business Multi-Currency Account with leading accounting software like Xero and Financio. This integration simplifies your financial management by seamlessly providing banking transactions and data, saving you time and reducing manual effort. Automate your reconciliation and streamline your financial workflows.

Accounting Software	Details
	Connect your DBS account to Info-Tech Get your transactions updated automatically, giving you better visibility over your business finances. Find out more
	Connect your DBS account to Xero Delivers daily bank statements, helping SMEs stay on top of your cashflow and run your business more efficiently. Find out more
	Connect your DBS account to QuickBooks Get up-to-date transactions automatically, giving you the confidence to make smarter business decisions every day. Find out more
	Connect your DBS account to Financio Get your daily bank transactions automatically updated and initiate payments from the platform, less manual work and more time to grow your business. Find out more

General questions

	What documents do I need to prepare to apply for a business account?
	Singapore incorporated companies fully owned by Singapore citizens or PRs may not need to submit documents. However, some businesses might require additional documents as shown within this checklist and a relationship manager will contact you if needed. For businesses with foreign beneficiaries, please apply here.

	I am unable to find my company on the 'ACRA Details' step in the online application form. Why?
	Try keying in your company name without 'Pte Ltd', etc. and you should be able to locate your company. Please note that if your company is newly registered, it will take 2 working days before your company details can be retrieved via ACRA search.

	Why should I open a business account instead of using my personal account?
	Protect your personal assets and simplify your finances. A dedicated business account provides a clear separation between your business and personal transactions, making accounting easier and offering liability protection. Plus, it builds credibility and professionalism for your business.

What are the benefits of online and mobile banking for my business?

DBS IDEAL can be accessed at any given time, on any given day, including, weekends and Public Holidays. In addition, you can bank on-the-go by downloading the DBS IDEAL Mobile app.

A variety of online banking services are available on DBS IDEAL Mobile. You can also make immediate payments with Scan & Pay with PayNow using IDEAL Mobile. You can even perform COE bidding and apply online loan for business via DBS IDEAL.

	Why do I still need a Business Debit Card?
	It’s free! What’s more, enjoy true $0 FX fees for all currencies across 200+ countries & territories, unlimited 1% cashback, and up to US$1.6M complimentary corporate liability insurance when you apply for the DBS Business Advance+ Card.

DBS Business Multi-Currency Account

How can I make use of the 50 free FAST and 50 free GIRO transactions?

You can use the 50 free FAST and 50 free GIRO transactions for payments made via DBS IDEAL anytime during the entire month. You can also make Bulk Payments, and Payroll transactions with them. These free transactions will reset on the 1st of every calendar month. Unused free transactions will not be carried over to the following month.

When you have used up your free transactions before the end of the month, you can continue making transactions at chargeable standard rates.

	Can I still make over-the-counter transactions in person at DBS Bank branches?
	Yes, you can. Kindly note that there is an over-the-counter charge of S$20 per transaction. You can save money by performing payment issuance and collections transactions digitally. To make cash deposits, you can use our cash deposit machines for free.

DBS Business Multi-Currency Account—Starter Bundle

	Am I missing anything if I apply for this Starter Bundle?
	Absolutely not! You’re getting the same DBS Business Multi-Currency Account that supports 13 currencies. If your business is a young enterprise or start-up, you would be happy to know that the Starter Bundle was specially created to support your budding company with affordable and accessible banking services.

	Can you consider my application for Starter Bundle if my company has been incorporated for more than 3 years?
	We’re afraid you would have to apply for DBS Business Multi-Currency Account instead.

	I've just started my business and opened a Starter Bundle. What happens when my business turns three years old?
	Congratulations on your new venture! You'll seamlessly transition to our Business Multi-Currency Account designed for established businesses. We'll reach out proactively closer to your three-year anniversary to notify you on the conversion, ensuring a smooth switch with minimal disruption to your banking.

	How can I make use of the unlimited free FAST and GIRO transactions?
	You can make as many FAST and GIRO payment transactions as you need for free. These payment transactions must be made via DBS IDEAL. From Q4 2022, unlimited free FAST and GIRO payment transactions for the Starter Bundle excludes Bulk Payments or Payroll transactions —these are chargeable at standard rates as listed on our pricing guide.

	Can I still make over-the-counter transactions in person at DBS Bank branches?
	Yes, you can. Kindly note that there is an over-the-counter charge of S$40 per transaction. You can save money by performing payment issuance and collections transactions digitally. To make cash deposits, you can use our cash deposit machines for free.

DBS Business Multi-Currency Account

DBS Business Multi-Currency Account

Apply for the business account that scales your growth

6 great reasons to apply today

Bank globally with 13 major currencies

Apply online with ease

Save more with free FAST and GIRO Transfers

Earn unlimited 1% cashback on business transactions

Lock in Your FX Rates Early

Book Live, Competitive Rates for Extended Periods

Financial Strength You Can Rely On

Your Money is Protected

Third Party Accounting Software Integration

Frequently asked questions