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My Account
All the banking you need for life in a single account.
My Account
At a Glance
My Account is a digital multi-currency bank account that makes banking simple. It’s not just an account you can use for saving, spending and investing, it’s also the first truly customisable bank account you can tailor for your financial needs. Pre-loaded with more than 150 banking services, you can choose the ones you need and bank the way you want.
All the banking services you need in one place
Skip the search. My Account puts all the banking services you need at your fingertips, so you can pay bills, exchange currencies, perform overseas funds transfers, invest globally and plan for your retirement all from one place.
Customise it for your banking needs
Don’t need all the services? Set it up just the way you’ll use it. Safely access any service(s) you need in a few taps, from card applications to activating different multi-currency wallets, all in the palm of your hands or online. Click here for the full list of currencies and interest rates.
Skip the account fees
My Account is for everyone and you can open one at any age. There’s no minimum balance, no initial deposits, or fall-below fees, ever.
New to DBS? It’s easy with digibanking NEW!
For Singaporean/PR customers, you can open an account instantly without the need to visit a branch or call us. Download DBS digibank now!
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 | DBS Multi-Currency Account (a.k.a. My account) was voted the best multi-currency account by Tripzilla. Maximise your multi-currency wallets when you pair it with the ultimate trip card, DBS Visa Debit Card, today! |
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Features and benefits
A bank account for everything you need
With a single account for saving, spending, and investing in SGD and foreign currencies, you’ll never need another bank account. My Account is for your everyday banking: paying bills, tracking your budget, transferring funds, and more. The best part is, you can do it all on the fly.
Heading out for the day? You don’t even need your wallet. My Account comes with PayLah! and a DBS Visa Debit Card so you can enjoy the convenience of going cashless. Just tap to pay, split the lunch bill, or track all your spending online.
It makes shopping online better
Shopping online or overseas? Do it with peace of mind, without the bill shocks and unwanted FX fees. Simply fund your multi-currency wallet(s) with the currency you need and transact with a DBS Visa Debit Card to enjoy zero FX fees for all your multi-currency transactions.
Your savings when shopping in foreign currency with your MCA and linked DBS Visa Debit Card:
It makes travelling cashless convenient
Say hello to your personal online money changer that lets you exchange up to 13 currencies, 24/7. You can even can lock in your preferred rates by setting FX alerts. Click here for our online conversion rates.
Need to track your overseas spend? Turn on Travel Mode, and off you go. You can also use a linked DBS Visa Debit Card to withdraw foreign currency cash at global ATMs using your foreign currency funds. Overseas ATM charges may apply.
It makes transferring funds overseas, quick and easy
Send money to your family and loved ones anywhere in the world within the same day at $0 with DBS Remit. It’s swift, fuss-free, and most importantly, safe.
It makes investing straightforward
Even your investing needs are covered. Manage your investments your way with a linked DBS Vickers online trading account, or let our experts do it for you with our ready-made investment portfolios, better known as digiPortfolio.
It makes managing your money easier
Everyone needs a little help managing money. With NAV Planner, you’ll have an intuitive digital tool that gives you the full picture of your finances and guides you to making better money decisions.
The only multi-currency wallet you need
Learn how to make the most of My Account’s multi-currency features.
Get instant access to a travel wallet
Link your DBS Visa Debit Card to My Account to shop online, spend and withdraw money overseas without incurring FX conversion fees.
Make it your 24/7 personal online money changer
Exchange up to 13 currencies online at any time, at home or abroad.
Use it to lock in preferred FX rates
Set up alerts and be instantly notified when currency rates are in your favour.
Open My Account online
For new customers or applications via webpage, please prepare these required documents to open My Account.
Or if you would like to apply for a joint-alternate My Account with another applicant above 16 years old, click here.
Take the next step
Eligibility and requirements
- No age restriction
- No initial deposit required
Fees and charges
- No service charge
- S$2 account fee per month* (for hardcopy statements)
* 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.
My Account for your child
Give your young ones a head start in saving. If you’re an existing POSB/DBS account holder with a child 16 or younger, you can apply online for a joint alternate account with him/her.
S$1 gift deposit1
When it’s time to get them started
No coin deposit fee2
Now your kids can save more
Complimentary 1-year POPULAR membership3
Perfect for when kids start school
POSB Smart Buddy
Link it to 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 1,000 pieces per calendar month at the coin deposit machine.
3 For children below 16 years old at the point of account opening.
Join our online community for parents
Join other parents in a supportive and positive online space where you can share your parenting experience and pick up family financial planning tips through online events and discussions.
Frequently Asked Questions
Will my foreign currency funds be debited automatically when I spend using my linked DBS Visa Debit Card?
Yes. If your My Account/ multi-currency 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 at no foreign exchange conversion fees. This applies to overseas ATM withdrawals as well.
How many foreign currencies can I transact with my primary-linked DBS Visa Debit Card?
There are 11 available foreign currencies: Australia Dollar, Canadian Dollar, Euro, Hong Kong Dollar, Japanese Yen, New Zealand Dollar, Norwegian Kroner, Sterling Pound, Swedish Kroner, Thai Baht and US Dollar.
Renminbi Offshore (CNH) is not available.
Renminbi Offshore (CNH) is not available.
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/ multi-currency 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.
Is the DBS Multiplier or My Account a Multi-Currency Account?
Yes. The DBS Multiplier and My Account are Multi-Currency Accounts. They can be linked to a DBS Visa Debit Card or a DBS Vickers Online Account to enable you to transact directly in foreign currency at no conversion fees for your shopping and equity investment needs respectively.
Am I able to receive funds directly in foreign currency via overseas remittances or fund transfers from DBS or another financial institution?
Yes. But please ensure that your counterparty (e.g. foreign bank, remitting institution), provides clear instructions to remit or transfer the foreign currency funds (to your DBS account) in the desired foreign currency denomination, and not in Singapore dollars. Otherwise, the foreign currency funds may be converted into SGD and deposited into your SGD wallet.
Click here for the full FAQ list.
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.
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