Other corporate accounts

Social Enterprise Package

Open an account with no initial deposit or minimum monthly balance

Access a range of virtually free transaction services with the DBS Social Enterprise Package, which was specifically designed to address the needs of social enterprises. This low-cost solution leaves you free to focus on your cause.

 

Why choose DBS Social Enterprise Package?

  • Save money with our Social Enterprise Package, which comes with no initial deposit or minimum monthly balance requirements, and offers preferential rates for transactions
  • Choose to open an account in either SGD or USD
  • Rest assured you’ll be banking with the right partner. DBS' flagship Corporate Social Responsibility (CSR) programme is championing social entrepreneurship. We are the first and only bank in Singapore to offer a solution tailored for social enterprises

 

Product Features

Package DetailsSocial Enterprise Package (SGD)Business Account (SGD)

Min initial deposit

Nil

SGD 3,000

Min average balance per month

Nil

SGD 10,000

Fall-below fee

Waived

SGD 35

Inward Telegraphic Transfers 

Waived

SGD 10 per transaction

Outward Telegraphic Transfers

First two waived per month, thereafter SGD 20 per transaction.

Handling commission: 1/8% (min SGD 10, max SGD 120)

Commission-in-lieu of FX: 1/8% (min SGD 10, max SGD 120)

Cable charge: SGD 20

MAS Electronic Payment System (MEPS)

SGD 10 per transaction

SGD 20 per transaction

GIRO 

First 20 waived per month, thereafter SGD 0.10 per item

SGD 0.20 per item

IDEAL™

One-time setup fee: waived

Monthly subscription: waived

SGD 30 per month

DBS Visa Business Advance Debit Card

Annual fee waived

Annual fee of SGD 30 per card

FAQs

What is a social enterprise?

A social enterprise is a business with a social purpose that has – or is striving towards – a commercially sustainable business model and delivers social impact to the chosen social cause.

This business must have a clearly defined social mission with social benefits as the primary objective of its establishment. Whether it is for-profit or not-for-profit, a social enterprise typically undertakes commercial activities to generate revenues and earn profits so that there would be lasting social impact.

What funding options from DBS are available for social enterprises?

Under the Social Enterprise Package, we offer unsecured business loans at a preferential rate of 5% fixed p.a. We also set aside funds to be given out as Project Grants that support meaningful initiatives by social enterprises. Please call us at 1800 222 2200 for more information.

 

How do I apply?

Click here to apply online now! Please book a branch appointment (on step 5 of the online form) at any DBS branch except for Remix @ Scape, NUS Remix, DBS Tampines and DBS Holland Village.

 

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.

 

Not a DBS SME Banking customer? Enjoy IDEALTM set-up and monthly fee waivers* by starting your DBS Business Account application online. This service is available to Sole Proprietorships, Partnerships, Limited Liability Partnerships and Private/Limited Companies.
*Terms & Conditions apply

"The bank has helped by providing a low cost Social Enterprise bank account, loans for working capital, credit card facilities and procurement of our services."
Mr Richardo Chua
Mr Richardo ChuaDirector

Adrenalin Events And Education Pte. Ltd.

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