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?
|Package Details||Social Enterprise Package (SGD)||Business Account (SGD)|
Min initial deposit
Min average balance per month
SGD 10 per transaction
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
SGD 10 per transaction
SGD 20 per transaction
First 20 waived per month, thereafter SGD 0.10 per item
SGD 0.20 per item
One-time setup fee: waived
Monthly subscription: waived
SGD 30 per month
Annual fee waived
Annual fee of SGD 30 per card
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.
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
Adrenalin Events And Education Pte. Ltd.