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

Apply now

How it works

START SWEET
AND SIMPLE

My Account comes with
everything you need to
get going.

No
Minimum
Age

No
minimum
balance

Earn
daily
interest

Online
banking

Island-wide
banking
services

Customise based on your needs

ADD ON WHAT
YOU WANT

Pick from a growing suite of
services to customise your account.
As and when you need them.

GLOBAL IN
AN INSTANT

Multi-currency capability
Exchange and store up to 13 currencies.

Borderless payments
Get cashback with your DBS Visa Debit Card.

DAY-TO-DAY
CONVENIENCE

PayNow
Send and receive money instantly with just the mobile number, NRIC/FIN or Company UEN of your recipients.

PayLah!
Order meals, take rides, shop, and pay both PayLah! and PayNow users. This is the app that lets you do it all.

SWEETEN
THINGS UP

Multiplier Account
Convert to a Multiplier Account and earn up to 3.8% p.a. when you credit your salary and transact in eligible categories.

AS YOU
CHOOSE

Statements
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.

GROWING
THEIR SAVINGS

Gift Deposit
S$1 gift deposit¹ to get them started.

Fee Waiver
No coin deposit fee² so they save more.

COOL FOR
SCHOOL

Free Membership
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

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

Apply now

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.

Apply now

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!

Find out more

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.