My Account

My Account - Instant Multi Currency Account Opening

The one account that meets your deposit needs, customised to the way you live.

My Account - Instant Multi Currency Account Opening

 

New to DBS/POSB and looking to open a personal deposit account? Apply on the digibank app using Myinfo with Singpass for instant account opening, and get S$68! Click here for details.

 

At a Glance

My Account is a digital multi-currency bank account that makes banking simple. You can save, spend, invest and tailor 150 existing 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.

Enjoy multi-currency access

Shop online, invest and save up for future travels with access to 13 currencies, and no FX conversion fees.

No account fees

No minimum balance, no initial deposits, no service charge.

Apply now

 

Features & Benefits

Your go-to account for foreign currency

Access 13 currencies instantly via digibank at attractive exchange rate with no FX conversion fees.

Customise My Account to be truly yours

Name your account according to your intended purpose. Change it easily via digibank and see your chosen nickname reflected everywhere, including on your statement.

Greater rewards when you travel around the world

Planning for your next overseas trip? Primary link your My Account to your DBS Visa Debit Card and earn 5% cashback on your first foreign currency top-up! Plus, earn 3% cashback on all foreign currency spend. Valid till 31 Dec 2022, T&Cs apply. Learn more.

 

Promotion

Open a new deposit account instantly
 

Eligibility & Fees

  • No age restriction
  • No initial deposit required
Service Charge S$0
Account Fee S$2 per month1
(With paper statement)

1 Account fee is waived for customers up to 16 years old or account on eStatement.

Please refer to the Deposits Guide for the list of applicable fees.

 

Apply instantly on digibank app

Download DBS digibank app

     

All Singaporeans, Permanent Residents, and Foreigners (EP/SP/DP /Long Term Visit Pass/Student Pass) can open a personal My Account instantly on the digibank app using Myinfo with Singpass.

Do not have Singpass?

Register online here.

Pro tip: Select Face Verification for instant registration.

For foreigners: Have your FIN number and Singapore (+65) mobile number ready.

Important: Your Singpass should be up and ready to use the next day for new account application on your digibank app.

Looking to open a Joint-Alternate My Account?

Both applicants must be 16 years old or above.

Apply here

Looking to open a Joint-Alternate My Account with your child?

Main applicant must be 16 years old & above and child must be below 16 years old

Apply here

 

Frequently Asked Questions

Below are 3 simple steps on how you can open your account instantly

  1. Register for Singpass if you have not done so. Click here to register.
  2. Download the digibank app from your App store
         
  3. Apply for your account using Singpass, upload your passport (for Malaysian, upload front and back of your Malaysian IC) and your account will be opened instantly.

By downloading the DBS digibank app, you will be able to open a personal My Account using Singpass instantly. In addition, you will be able to set up your digibank login ID and PIN, digital token and request for Debit Card simultaneously.

Yes, if you have an existing savings/current account with us, you can apply for a joint-alternate My Account with your child online. Click here to apply for the account.

Features

Yes. My Account is a multi-currency account.

With My Account, you have access to 12 foreign currencies and the Singapore dollar. The 12 foreign currencies are:

  1. Australian Dollar (AUD)
  2. Canadian Dollar (CAD)
  3. Chinese Renminbi (Offshore) (CNH)
  4. Euro (EUR)
  5. Hong Kong Dollar (HKD)
  6. Japanese Yen (JPY)
  7. New Zealand Dollar (NZD)
  8. Norwegian Kroner (NOK)
  9. Sterling Pound (GBP)
  10. Swedish Kroner (SEK)
  11. Thai Baht (THB)
  12. US Dollar (USD)

You can also exchange these currencies conveniently at prevailing rates.

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.

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:

  1. DBS Visa Debit Card
  2. DBS Treasures Visa Debit Card
  3. DBS Treasures Private Client Visa Debit Card
  4. DBS Private Bank Visa Debit Card

For digibank mobile, please:

  1. Log in to digibank mobile
  2. Upon successful login, tap “More”
  3. Under “Manage Cards & Loans”, select “Link Card to Account”
  4. Select the Card you wish to link your My Account to
  5. Verify the details and tap “Confirm” to complete the card linkage

For digibank Online, please:

  1. Log in to digibank Online
  2. Under “Cards”, select “Link Card to Deposit Account for ATM Use”
  3. Select the Card you wish to link your My Account to
  4. Verify the details and click “Submit” to complete the card linkage

There are 11 available foreign currencies:

  1. Australian Dollar (AUD)
  2. Canadian Dollar (CAD)
  3. Euro (EUR)
  4. Hong Kong Dollar (HKD)
  5. Japanese Yen (JPY)
  6. New Zealand Dollar (NZD)
  7. Norwegian Kroner (NOK)
  8. Sterling Pound (GBP)
  9. Swedish Kroner (SEK)
  10. Thai Baht (THB)
  11. US Dollar (USD)

Renminbi Offshore (CNH) is not available for the card feature.

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.

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.

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 on to DBS digibank app and tap on ‘More’ followed by ‘Cards’.

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.

Learn More

However, if you still need a chequebook, you will need to apply for an eMCA+ Account online.

Need Help?

  • Unable to apply for Singpass? Click here to learn how you can open an account via our website
  • Documents required for account opening via our website

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.
– Service charge is waived for eMulti-Currency Autosave (eMCA) account holder up to 29 years old.
– 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.

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.

Explore more

SavingsChildren

Open a new deposit account instantly

Get S$68 when you apply via digibank app using Singpass/MyInfo

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