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My Account - Instant Multi Currency Account Opening
At a Glance
My Account is a digital multi-currency bank account that makes banking simple. You can save, spend, invest and tailor different banking services to meet your financial needs and bank the way you want.

All the banking services you need for life
Pay bills, exchange currencies, perform overseas funds transfers, invest globally and plan for your retirement all from one place.

Your go-to account for foreign currencies
Access 13 currencies instantly via digibank at attractive exchange rates with no FX conversion fees.

No account fees
No minimum balance, no initial deposits, no service charge.
Eligibility & Fees
Service Charge | S$0 |
Account Fee |
|
Minimum age | No age restriction |
Initial deposit | Not required |
1Account fee is waived if you are 16 years old and below
Please refer to the Deposits Guide for the list of applicable fees.
Documents Required for Account Opening
Refer to the documents required for account opening before you proceed.
Apply for a personal My Account instantly on digibank app
Singaporeans, Permanent Residents, and Foreigners (EP/SP/DP /Long Term Visit Pass/Student Pass) can open a personal My Account instantly with Singpass. Applicant must be 16 years old or above.
Register for Singpass here | Your Singpass should be ready to use once your Personal details are displayed in your Singpass mobile app. Pro tip: Select Face Verification for instant registration. For foreigners: Have your FIN number and Singapore (+65) mobile number ready. |
Unable to register for Singpass | On digibank app, select “Continue without Singpass” and upload the supporting documents. |
Learn how to set up My Account with Singpass.
Open a Joint-Alternate My Account
Joint-Alternate My Account | Both applicants must be 16 years old or above. |
Joint-Alternate My Account with your child | Main applicant must be 16 years old and above. |
Frequently Asked Questions
Why do I need to download DBS digibank app to open an account? What are the advantages?
Is My Account a multi-currency account?
What are the currencies I have access to with My Account?
With My Account, you have access to 12 foreign currencies and the Singapore dollar. The 12 foreign currencies are:
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Chinese Renminbi (Offshore) (CNH)
- Euro (EUR)
- Hong Kong Dollar (HKD)
- Japanese Yen (JPY)
- New Zealand Dollar (NZD)
- Norwegian Kroner (NOK)
- Sterling Pound (GBP)
- Swedish Kroner (SEK)
- Thai Baht (THB)
- US Dollar (USD)
You can also exchange these currencies conveniently at prevailing rates.
Are there any fees or minimum balance that come with My Account?
My Account comes with zero service charge and no requirement on maintaining a minimum balance.
There is a S$2 account fee per month for customers who are not enrolled to electronic statements and receiving paper statements. The account fee is waived for customers up to 16 years old or who are enrolled to electronic statements.
Can I link my My Account to a DBS Visa Debit Card for multi-currency spend? What are the eligible DBS Visa Debit Cards to be linked to My Account?
Yes, your My Account can be linked to an eligible DBS Visa Debit Card to enable you to transact directly in foreign currency without conversion fees.
The eligible DBS Visa Debit Cards are:
How do I link my eligible DBS Visa Debit Card to my My Account?
For digibank mobile, please:
- Log in to digibank mobile
- Upon successful login, tap “More”
- Under “Manage Cards & Loans”, select “Link Card to Account”
- Select the Card you wish to link your My Account to
- Verify the details and tap “Confirm” to complete the card linkage
For digibank Online, please:
- Log in to digibank Online
- Under “Cards”, select “Link Card to Deposit Account for ATM Use”
- Select the Card you wish to link your My Account to
- Verify the details and click “Submit” to complete the card linkage
How many foreign currencies can I transact with my primary linked DBS Visa Debit Card?
There are 11 available foreign currencies:
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Euro (EUR)
- Hong Kong Dollar (HKD)
- Japanese Yen (JPY)
- New Zealand Dollar (NZD)
- Norwegian Kroner (NOK)
- Sterling Pound (GBP)
- Swedish Kroner (SEK)
- Thai Baht (THB)
- US Dollar (USD)
Renminbi Offshore (CNH) is not available for the card feature.
Will my foreign currency funds be debited automatically when I spend using my linked DBS Visa Debit Card?
Yes. If your My Account is linked as the primary account to your DBS Visa Debit Card, foreign currency purchases made online and overseas will automatically be debited from your account’s respective foreign currency funds without any foreign exchange conversion fees. This also applies to overseas ATM withdrawals.
Note: The respective Multi-Currency Account (MCA) foreign currency wallet must contain sufficient funds prior to making a transaction. Only then will your transaction be automatically debited from the respective foreign currency wallet without any foreign exchange conversion fees. Please ensure that your DBS Visa Debit Card is primary linked to your MCA and the correct currency is selected at point of transaction. Please also note that in some cases, depending on how the merchant processes your transaction, your transaction may be billed to you in another foreign currency other than the local currency.
What should I select on the overseas ATM for foreign currency cash withdrawals using my primary-linked DBS Visa Debit Card?
Generally, overseas ATM withdrawals will be automatically deducted from your primary account. However, if prompted, please select "Checking/Current Account" to withdraw foreign currency cash overseas from your My Account using your linked DBS Visa Debit Card.
Please ensure you have sufficient foreign currency funds in your account prior to withdrawal. Otherwise, the foreign currency cash withdrawal will be deducted from your SGD wallet.
I have my My Account opened, but I don’t have my Visa Debit Card yet. How can I get my Visa Debit Card?
Click here to apply online for a Visa Debit Card instantly and it will be mailed to you within 5 working days.
Alternatively, you can log in to DBS digibank app and tap on ‘More’ followed by ‘Cards’.
How do I get a chequebook?
The My Account does not come with a chequebook facility. We recommend that you use PayNow or FAST to conduct local funds transfer via the DBS digibank app or digibank online.
However, if you still need a chequebook, you will need to apply for an eMCA+ Account online.
Note:
– 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.
– Please note that in some cases, depending on how the merchant processes your transaction, your transaction may be billed to you in another foreign currency other than the local currency.
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.
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