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At a Glance
My Account is the first customisable account that lets you bank the way you live. Forget juggling multiple accounts, enjoy the power to manage your finances the way it suits you with an account that meets your deposit needs throughout your life.
Everything you need to get started
- Available to customers of all ages
- Earn daily interest every month
Add on more as you grow
- Activate the banking services you need anytime, anywhere
- Shop online and spend abroad at preferred rates.
- As you grow, your banking needs will grow too. That’s when you can have the option to earn higher interest of up to 3.8% when you convert to a Multiplier Account while keeping the same account number.
Banking at your fingertips anytime, anywhere.
- Easily access over 150 banking services with digibank while you’re on the go
How it works
My Account comes with
everything you need to
Customise based on your needs
ADD ON WHAT
Pick from a growing suite of
services to customise your account.
As and when you need them.
Exchange and store up to 13 currencies.
Get cashback with your DBS Visa Debit Card.
Send and receive money instantly with just the mobile number, NRIC/FIN or Company UEN of your recipients.
Order meals, take rides, shop, and pay both PayLah! and PayNow users. This is the app that lets you do it all.
Convert to a Multiplier Account and earn up to 3.8% p.a. when you credit your salary and transact in eligible categories.
Keep a record of your transactions easily, with the statement of your choice.
*Charges may be incurred if customers opt for the paper statements.
Benefits of My Account for your child
My Account is also available as a joint account, allowing you and your child to manage it together.
A LITTLE MORE FOR
YOUR LITTLE ONES
When there’s a new addition
to the family, it’s as easy to
make room for them.
S$1 gift deposit1 to get them started.
No coin deposit fee2 so they save more.
Complimentary POPULAR 1-year Student membership3.
POSB Smart Buddy
Link your child's account to automatically save their unutilised pocket money.
1 Gift Deposit for anyone below 21 years old.
2 Waiver is limited to first 1000 pieces per calendar month at the coin deposit machine.
3 For child age below 16 years old at the point of account opening.
Eligibility & Requirements
- No age requirement.
- No initial deposit required.
Fees & Charges
|Fall Below Fee||S$0|
|Account Fee||S$2 per month1 |
(With paper statement)
|Early account closure fee||S$30 |
(if account is closed within 6 months)
1 Account fee is waived for customers below 16 years old and above 60 years old or account on eStatement.
Please refer to the Deposits Guide for the list of applicable fees.
Open My Account online today
For new customers, please prepare the following required documents prior to your application.
My Account for your child
For existing POSB/DBS account holders, you can apply for a joint alternate My Account with your child online, if your child is below 16 years old and does not own an existing joint alternate My Account.
Please prepare the following required documents prior to your application.
Join Our Online Community
Heard of our exclusive online community?
Be part of a fun and safe community to learn everything from personal money management to planning family finances!
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. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Conversions between currencies involve fluctuations and are subject to exchange controls. If you are converting from another currency to place the deposit and intend to convert it to the original currency, exchange rate fluctuations could cause the converted amount to be less than your original amount.