Cash and Accounts
Manage your company finances easily and conveniently
Run your business smoothly with DBS Business Account, which offers a comprehensive range of services designed to help you grow. Our account allows you to manage your company finances online quickly and easily. You can also make withdrawals at more than 900 ATMs island-wide as we have the largest banking network in town.
Why choose DBS Business Account?
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 email@example.com for assistance.
In order for us to better understand the nature of your business, we do require a face-to-face meeting with at least two directors before we can open your Business Account. For other directors who are unable to come down to Singapore, we will require a notary public to notarise their signatures.
How do I apply?
There are three ways to apply.
Enjoy IDEAL fee waivers* by starting your application online. This service is available to Sole Proprietorships, Partnerships, Limited Liability Partnerships and Private/Limited Companies.
You may also make an appointment with any of our DBS branches by calling DBS Business Care at 1800 222 2200 or +65 6222 2200 (if you’re calling from overseas). Please note that appointments are available during non-peak hours on weekdays (peak hours are 11.00am to 2.00pm).
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$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
From 1st Oct 2015, there will be changes to minimum average daily balance and fall-below fee for DBS Business Accounts (Corporate Foreign Currency Current Accounts)
Interest rate charges for Euro (EUR) and Swiss Franc (CHF) corporate account credit balances will be revised from 1 February 2020.