Apply for a New Deposit Account

Apply online for a new personal banking account with us via iBanking.

Banking Part of: Guides > iBanking

You can apply for a new account easily using iBanking:

Existing Customers
  • Login to iBanking with your User ID and PIN.
  • Select Apply and click on Deposit Accounts.
  • Login with your 6-Digit iB Secure PIN.
  • Select the Deposit Account you wish to apply and click Instant Apply.
  • Based on the requirements of the selected Deposit Account, fill up the necessary details as indicated under Account Details.
  • Provide Authorization and click Next.
  • Verify the details of the application and click Submit to complete the application.

Deposit Accounts available for application via iBanking:

Day to Day
DBS eMulti-Currency Autosave Account An all-in-one account to save and transact in SGD and foreign currencies. Applicable for Singaporeans and PRs. Learn More!
DBS Multiplier Account Earn higher interest of up to 2.68% p.a. based on your monthly banking with us. Plus, save and transact in SGD and foreign currencies in one account. Learn More!
POSB eEveryday Savings Account A savings account designed for your everyday banking needs and comes with eStatements. Learn More!
Special Savings Accounts
eMySavings Account A special savings account that allows you to save monthly in a hassle-free way. Learn More!
POSB SAYE Account Enjoy extra 2% p.a. interest when you credit your salary and have successful monthly saving with us. Learn More!
Fixed Deposits
Singapore Dollar Fixed Deposit Save a fixed amount for a fixed tenor at competitive interest rates with the Singapore Dollar Fixed Deposit. Learn More!
Foreign Currency Fixed Deposit Enjoy potentially better returns and the opportunity to grow your funds with Foreign Currency Fixed Deposit. Learn More!
Supplementary Retirement Scheme
Supplementary Retirement Scheme Supplementary Retirement Scheme (SRS)lets you save for your retirement and enjoys tax benefits. Learn More!

Note:
  • Accounts will be opened instantly for applications submitted between Monday to Sundays (including Public Holidays), 0700 hr to 2230 hr.
    Submission cut off timing for last day of the month (including Public Holidays) is 0700 hr to 2000hr.
  • For applications submitted beyond the period stated will take 2 working days to complete.
  • Once your account is opened, you will receive a notification in the "Notifications" service on iBanking. The account number will be stated in the notification.

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New to Bank Customers
Required documents for account opening at branch:

Singapore citizens and permanent residents
  • Singapore NRIC

Foreigners
  • Passport and relevant pass issued by the Immigration and Checkpoint Authority of Singapore; and
  • Either one of the documents below for proof of address (within last 3 months)
    • Work permit
    • Utility bill
    • Telephone bill
    • Bank or credit card statements (including e-statement)/bank reference letter issued by a regulated financial institution in Financial Action Task Force (FATF) member country recognised by DBS Group
    • Letters issued by government of other public bodies regulated for AML practices in a FATF member country recognised by DBS Group

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