Other corporate accounts

Entrepreneur's Account for Start-Ups

Enjoy a three-month waiver of the minimum balance and fall-below fee

Set your business on a path for success with the DBS Entrepreneur's Account for Start-Ups. This customised package is designed specifically for start-ups to provide affordable and convenient banking services that help you grow. You will also receive a wide range of value-added benefits including fee waivers and complimentary add-ons.

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Why Start-Ups Open Accounts With Us

DBS IDEAL™

FREE access* to DBS IDEAL™ corporate online banking and mobile app.
No limit to number of free users. Login with digital token in your phone (no need for physical tokens!)

DBS Visa Business Advance Debit Card

No annual fee and 0.3% cash rebate

DBS BusinessCare

DBS BusinessCare
Dedicated, award-winning service
with fast response and extended operating hours

DBS BusinessClass

DBS BusinessClass
Invitations to exclusive networking events with global industry players and disruptors

Special privileges

Special partner privileges and waiver of one-time setup fee (worth up to S$800) for credit card acceptance service

Account Comparison

 

DBS Digital Account

Entrepreneur’s Account

Recommended For

 

  • Ideal for start-ups with low minimum balances
  • Mostly transact online

 

 

  • Ideal for companies which can maintain SGD 10,000 in the account
  • Transacts via internet banking, cheques and at the branch

 

Minimum balance

Nil

SGD 10,000
WAIVED for 1st 3 months#

Minimum initial deposit

SGD 1000

SGD 3000

Monthly Account Fee

SGD 18

Nil

Annual Account fee

Nil

SGD 40

Fall-below fee

Nil

SGD 35
WAIVED for 1st 3 months#

Internet & Mobile banking (IDEAL™) fee

FREE!

FREE!

Security Device

FREE digital tokens

FREE digital tokens

Debit Card

FREE!

FREE!

Over-the-counter(OTC)
transaction fee^

SGD 20 + charges in Pricing Guide

As per Pricing Guide

Cheque Books issued

SGD 25 each

FREE


^Chargeable OTC transactions include:

  • Cash deposit & withdrawals
  • Cheque encashment
  • Purchase of cashier’s order
  • Purchase of demand draft
  • Funds transfers
  • Outward Telegraphic Transfers (hard copy forms)

Refer to the pricing guide for more details.


# Applies to the DBS Entrepreneur’s Account for Start-Ups. To be eligible for it, your company must have been incorporated in Singapore within the last 6 months and owned by individuals.

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Apply For Your Account In 5 Minutes

Skip the branch and apply for a DBS Business Account with hassle-free online process.

 

For social enterprises, please call DBS BusinessCare at 1800 222 2200 to make an appointment with our branches.

Depending on your business structure, we would need to speak to:

  • Sole Proprietorship – the sole proprietor
  • Partnership/Limited Liability Partnership – all partners
  • Private/Limited Company – 1 director

Depending on the nature of the business, there may be account set-up fees and higher minimum balances. Our Relationship Manager will inform you of the details.

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Sign-up Deals


Pick up these exclusive partner deals when you apply online!

Deals

StarHub Mobile Perk

StarHub 50% off Business Mobile Plan

50% savings on 4G Business Mobile SIM-only plan

No contract commitment

Free 24 months Caller Number Display

Valid till 30 Jun 2017. More Details.
Talenox HR Platform

Talenox HR Platform Free 6 months Usage

Free 6-month subscription of Talenox

Payroll processing with preset CPF and tax requirements

Leave management with preset statutory leave requirements

Free live support



Your business must meet these 2 criteria:

  • Incorporated in Singapore within the last 6 months
  • Owned by individuals

1. I am unable to find my company on the ‘2. 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 the company is newly registered, it will take 2 working days before your company details can be retrieved.

2. What documents am I required to submit and when do I need to submit them?

You may refer to the full list of required documents here.
You are only required to submit the documents after the application has been submitted online. We will arrange for a courier to pick up your documents if you had opted for a Relationship Manager to call you. For branch appointments, kindly bring the documents along with you.

3. How do I switch from my existing bank to DBS?

Switching to us will be a hassle-free process. We have put together a list of where you can find the commonly used GIRO authorisation forms for your perusal:

You may also contact our cash management specialist at gtssales@dbs.com for assistance.

4. Is it compulsory for me to use all of the products or services in the Entrepreneur's Account for Start-Ups package?

No, you are free to use only the products and services that you need.

5. I am an existing DBS Business Account customer. Can I still sign-up for a DBS Entrepreneur's Account for Start-Ups?

Yes, you are welcome to apply if your company was incorporated in Singapore less than six months ago and is owned by individuals.

6. What currencies are available for the DBS Entrepreneur's Account for Start-Ups?

We offer the DBS Entrepreneur's Account for Start-Ups in SGD only. However, we also offer 13 other currencies with our Business Account. Please refer to the Business Account page for more details.

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Why Choose Us?

Because with Asia’s leading SME bank, that spark in you can take on whatever you choose. That same spark to excel drives us to deliver better insights, innovation and performance. It made us the best SME bank in Asia, so that you can live more, bank less.

Retail Banker International

Retail Banker International

Excellence in SME Banking 2016, Asia

The Asset

The Assets

Best SME Bank for Working Capital & Treasury 2015, Singapore

Global Finance

Global Finance

Best SME Bank for Working Capital & Treasury 2015, Singapore
Best Online Cash Management, Asia
Best Foreign Exchange Bank, Southeast Asia and Singapore
Best Trade Finance Provider, Singapore

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

  • Skip the branch & apply online in 5 mins!