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The Ultimate Guide to Banking in Singapore for Foreigners

Am I eligible for a credit card?

New DBS/POSB Credit Cardmembers (Foreigners)

To qualify for POSB Everyday Card or DBS Altitude Card, you’ll need to earn a minimum annual income of S$45,000.

To qualify for DBS Vantage Card, you’ll need to earn a minimum annual income of S$120,000.

  • Use of MyInfo Recommended
    If you have a valid SingPass, you can also enjoy a more fuss-free application when you use MyInfo with your SingPass to pre-fill our application form.
  • List of eligible work passes:
    ◦ Employment Pass
    ◦ S Pass
    ◦ Personalised Employment Pass
    ◦ Long Term Visit Pass with LOC
    ◦ Tech. Pass
    ◦ International Organisation Pass
  • Others
    Depending on the nature of your job, kindly prepare the following documents for submission online:
1 Required Documents2 Salaried Employee (length of employment more than 3 months3 Salaried Employee (length of employment less than 3 months)4 Variable/ Commission-based Employees/  Self-Employed
a) Valid Passport (with at least 6 months validity)✔✔✔
b) Employment Pass (with at least 6 months validity)✔✔✔
c) Latest Income Tax Notice of Assessment✔
1 year		 ✔
2 year
d) Latest computerised payslips✔

✔
d) or e)		 
e) Company letter certifying employment and salary in SGD (dated within last 3 months from date of card application) + Copy of Staff Pass  
f) A copy of your Telecommunication or Utility Bill (For new DBS/POSB Bank customers only)✔✔✔

Want more deals with your card?

In Singapore, we say “Lobang” when describing a good deal or opportunity. Fancy a good lobang? Check out our DBS Cards promotions here!

Recipient details to prepare

Bank Name

Account Number

Recipient’s Full Name

  • For transfers to individuals: Do not use nicknames or short form names for Individuals.
  • For transfers to individuals with long names or corporations: If there is insufficient space, you may use the Full Address field under Recipient Details to continue filling in the recipient’s full name.

Recipient’s Address

  • Located in
  • Full address
  • In the city of
SWIFT transfer to receive money from home

To receive funds from an overseas party, provide the sender with the following details:

  • Your name that you used to open your DBS/POSB Account
  • Your DBS/POSB Bank Account number
  • Name of Beneficiary Bank: DBS Bank
  • Address of Beneficiary Bank: 12 Marina Boulevard, DBS Asia Central, Marina Bay Financial Centre Tower 3, Singapore 018982
  • Country: Singapore
  • SWIFT Address/Code: DBSSSGSG