Cash and Accounts
Get started with very little time and effort
Designed specially to meet the day to day transactional banking needs of your educational business, the DBS Educator’s Account will enable you to focus on providing the best-in-class service to your students. Banking is our specialty, education is yours.
Why choose DBS Educator’s Account?
Minimum initial deposit
Minimum average balance per month
Fall below fee
IDEAL setup fees
IDEAL monthly subscription fees
GIRO via IDEAL
1 year free
2 years waiver of annual fees
PayDay! SaaS - Cloud Payroll Solution
1 year free subscription
To qualify for the DBS Educator’s Account, your organisation must be in the business of providing education, enrichment or corporate training services. Examples of such organizations :
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 firstname.lastname@example.org for assistance.
We offer the DBS Educator's Account in SGD only. However, we also offer 13 other currencies with our Business Account. Please refer to the Business Account page for more details.
No, you are free to sign up for any of the products or services that you need in the package.
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.