For Expatriates

DBS Expatriate Programme

A tailor-made suite of financial products and services that meet the specific needs of expatriates in Singapore.

DBS Expatriate Programme

From multi-currency accounts, to credit cards and funds transfer, it’s everything you need to feel right at home straight away.


  • Multiplier Account:
    Hold SGD and up to 12 different foreign currencies – all in one deposit account. And, earn up to 2.68% p.a. when you bank more with us
  • Altitude Credit Card with 2-year annual fee waiver:
    Earn 3 miles per S$1 spent on all online flight and hotel transactions.
  • Overseas Funds Transfer:
    A fast, easy and a safe way to move your money to over 150 countries in more than 20 currencies.

Ways to apply

Programme Details

DBS Multiplier Account

Have your salary credited directly, and also hold both SGD and up to 12 different foreign currencies — all in a single account. Multiply your returns when you bank with us and you could enjoy a higher interest rate of up to 2.68% p.a.

Better manage your exposure to foreign exchange fluctuations

  • Save on fees when you send money overseas via online transfers
  • Convert currencies when you think exchange rates are moving in your favour
  • Send or receive foreign currency directly into your account

Enjoy the convenience of the widest network in Singapore

  • You’ll never be far from DBS / POSB ATMs, Cash Deposit Machines, Quick Cheque Deposit Boxes and numerous DBS/POSB branches in Singapore.

Multiply your returns when you bank with us

  • Enjoy a higher interest of up to 2.68% p.a. with DBS Multiplier. Simply fulfil any of these five transaction categories:
  • The five transaction categories include:
    • Salary Credit
      Credit your salary to any DBS/POSB deposit account.

      Salary credit must be credited via GIRO, using transaction reference codes of SAL or PAY. This will be reflected as either GIRO Salary or Salary under the main transaction description in your Statement of Account.

    • Credit Card Spend
      Spend with any DBS/POSB personal credit cards.

      Your monthly spend shall consist of retail and cash advance transactions posted within the 1st and last calendar day of the month.

      Eligible transactions across main cards and supplementary cards are accorded to the main cardholder.

    • Home Loan Instalments
      Apply for our home loan packages or refinance your loan from other banks to us.

      Monthly instalment(s) due on your home loan(s) with DBS/POSB will be recognised, with cash and CPF components included. Contact us if you're looking for a home loan, and our specialists will contact you shortly.

    • Insurance
      Apply for any of the selected regular premium policies via DBS/POSB.

      Purchase any of the following regular premium policies after you join the DBS Multiplier Programme: ManuProtect Term (Level & Convertible), ManuProtect Decreasing Lite, ManuProtect Decreasing, ManuEdu First, ManuRegular Payout, ManuRetire, ManuSmart Choice, ManuProtect MoneyBack, ManuProtect Life, ManuProtect Term (Renewable & Convertible), ManuFlexi Growth or RetireReady.

      Monthly premium amount due on in-force policies past free-look/cancellation period will be recognised for the first 12 consecutive months.

    • Investments
      • Credit your dividends from CDP to any DBS/POSB deposit account.

        Dividends must be credited via GIRO, from Central Depository Pte Ltd (CDP).

      • Purchase a Unit Trust via DBS/POSB (lump sum investment or regular savings plan).

        - Purchase a Unit Trust Lump Sum Investment after you join the DBS Multiplier Programme. The investment amount will be recognised after free-look/cancellation period.
        - Purchase a Unit Trust Regular Savings Plan or POSB InvestSaver after you join the DBS Multiplier Programme. Monthly contribution amount will be recognised for the first 12 consecutive contributions per investment fund.
        - The purchase(s) must be made in cash, not using funds from your Central Provident Fund or Supplementary Retirement Scheme account.

      • Trade in equities online via DBS.

        - Fully settled "BUY" equity trades purchased via Vickers Online Trading (VOiB), Vickers Pure Online, Vickers TR Link Cash Up Front or DBS Treasures Online Equity Trading platform will be recognised.
        - For transactions via DBS Vickers online trading platforms, only the primary account holder will be accorded the transaction amount.

Be rewarded with up to 2.68% p.a. when you bank with us

  • Enjoy higher interest rates in 2 simple ways:
    1. Increase your total monthly transaction amount, and/or
    2. Transact in 3 categories or more
  • 1.08% to 2.68% p.a. is enjoyed on the first S$50,000 in your DBS Multiplier Account.

 Interest Rate (p.a.)2
Total monthly transactions1SET 1
If you transact in 2 categories or less
If you transact in 3 categories or more
< S$7,5000.05%0.05%
S$7,500 to < S$10,0001.08%1.68%
S$10,000 to < S$12,5001.28%1.88%
S$12,500 to < S$15,0001.48%2.08%
S$15,000 to < S$20,0001.68%2.28%
S$20,000 and above2.08%2.68%

Useful Account Features

  • A single personal account complete with iBanking and eStatements (without cheque facility).
  • Track your finances with a monthly overview of your eligible transactions provided in your Multiplier Account statement.
  • Manage your FX exposure with this all-in-one multi-currency account. Save and transact in SGD and up to 12 foreign currencies3

Joint account and chequeing facility are not available under this Programme. If you are looking either/both of these options, click here instead.

Eligibility, Fees and Charges

  • At least 18 years of age
  • Employment Pass holder
  • No initial deposit required
  • No monthly account fees
  • Fall below fee of S$5 will be charged if average daily balance falls below S$3,000 (based on total SGD equivalent of SGD & foreign currency balances)
  • Early closure fees of S$30 (if account is closed within 6 months)

1 If your total monthly transactions amount is less than S$7,500, the S$ balances in your DBS Multiplier Account will be accorded the prevailing interest rate for that month.
2 Higher interest rates will only apply for the first S$50,000 balance in your Multiplier Account. Remaining S$ balance will be accorded the prevailing interest rate for that month. Higher interest will be credited in 2 parts:
(i) base interest at our prevailing interest rate, calculated on daily balances will be credited at month end, and
(ii) preferential interest at the preferential interest rate (which is the higher interest rate less the prevailing interest rate) based on the sum of your eligible transactions with us, calculated on daily balances, by the 7th working day of the following month.
3 Foreign currency transactions are subject to exchange rate fluctuations, which may result in capital gains or losses; such accounts may also be subject to exchange controls imposed on the currency held.

DBS Altitude Card*

altitude visaaltitude american.jpg 2yrs
DBS Altitude Visa Signature CardDBS Altitude American Express® Card 

Enjoy 2 years annual fee waiver - exclusively for DBS Expatriate Programme customers!
For expats who have newly arrived in Singapore, no income documents^ are required!

Miles Above the Rest
  • Earn 3 miles per S$1 spent on all Online Flight and Hotel transactions (capped at S$5,000 per month) #;
  • Earn 2 miles per S$1 overseas spend;
  • Earn 1.2 miles per S$1 local spend and all your points never expire!
Exclusive jet-setter privileges
  • Enjoy 2 Complimentary Global Airport Lounge Access visits within each 12-month period of Priority Pass Membership. (for Altitude Visa Signature Cardholders)
  • Get up to S$1million travel accident insurance coverage for you and your family members
  • 24/7 DBS Altitude Butler travel concierge service
Free 10,000 bonus miles with Annual Fee upon renewal
  • Your annual fee is waived if your annual spend exceeds S$25,000. Otherwise, get 10,000 bonus miles when you pay the annual fee of S$192.60 (including GST) upon renewal

With a DBS credit card, you avoid foreign exchange conversion rates and fees, which you may incur when using your credit card from your home country in Singapore.

^A copy of your In-Principle Approval Letter & Passport is required. The Credit Card application is subject to the bank’s approval.

*To qualify for the DBS Altitude Visa Signature Card or DBS Altitude American Express® Card, you need to have a minimum gross annual income of S$45,000 and above. Terms and conditions apply. Visit here to find out more.

#Effective from 1 June 2016, the miles earn rate for online Flight and Hotel transactions is revised to 3 miles per S$1 spent (capped at S$5,000 per month).

American Express is a trademark of American Express. This card is issued by DBS Bank Ltd pursuant to a license from American Express.

Overseas Funds Transfer

Transfer funds swiftly and securely to many destinations, enabling you to stay connected back home


Enjoy S$0 transfer fee when you remit via Australia, China, Hong Kong, India, Indonesia, Malaysia, the Philippines or UK Remit.


DBS Remit

Regular Overseas Funds Transfer

  • Competitive and locked-in FX rates round the clock
  • Transfer money online to Australia, China, Hong Kong, India, Indonesia, Malaysia ,the Philippines and UK
  • Same-day transfers before cut-off times^
  • S$0 fee
  • Competitive and locked-in FX rates round the clock
  • Transfer to over 150 countries in more than 20 currencies
  • Next-day funds delivery in most cases
  • Lowest service fee in the market




DBS Remit

Regular Overseas Funds Transfer

Online Banking

Online Banking


Cable / telex charges




Handling Commission


S$5 for debiting amount equal to or below S$5,000;
S$10 for debiting amount equal to or below S$25,000 and
S$35 for all other amounts.

1/8% of S$ equivalent of remittance amount, subject to minimum of S$10 and maximum of S$120

Agent Bank Charges

Note: Beneficiary bank charges may still apply.

Where applicable

Cancellation / Stop Payment

S$35 per transaction

Amendment fee

S$30 per transaction


How to Transfer

If you have iBanking

Transfer funds in 2 easy steps:
1. Click on ‘Transfer - DBS Remit and Overseas Transfer'
2. Send money to your selected country

Login now

Not an iBanking customer?

Get started

Money Safe Guarantee

Your money is 100% safe with us.
Enjoy automatic coverage under our Money Safe Guarantee.

^ For same-day transfers. Applicable to working days only (Mon – Fri, excluding Public Holidays). Same-day transfers are subject to possible delays in clearing of transactions by correspondent banks. Refer to here for cut-off times

Enjoy these benefits when you sign up for DBS Expatriate Programme and opt-in to receive DBS marketing materials!

  • Weekly investment insights to keep you informed
  • Exclusive invites to events and financial seminars
  • Regular e-newsletters on topics ranging from lifestyle to travel
  • Updates on the latest promotions

Opt-in now!

  • Inform staff at the DBS Branch
  • Through DBS iBanking
    1. Login to DBS iBanking
    2. Select “Preference”, located on the top right hand corner of the iBanking platform
    3. Under “Update Personal and Contact Details

    Login Now


Important information on the DBS Expatriate Programme:

  1. The 2-years annual fee waiver promotion for the DBS Altitude Visa Signature Card or DBS Altitude American Express® Card are valid only if you sign up for the DBS Expatriate Programme package via this website or at any DBS branch.
  2. Refer to the full terms and conditions for the multiplier account. Please refer to the Deposits 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.
  3. For DBS Altitude Visa Signature Card or DBS Altitude American Express® Card, please refer to the terms and conditions.
  4. Download the DBS Expatriate Programme brochure here.

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