DBS Business Multi-Currency Account

Singapore incorporated companies fully owned by Singapore citizens or PRs may not need to submit documents. However, some businesses might require additional documents as shown within this checklist and a relationship manager will contact you if needed. For businesses with foreign beneficiaries, please apply here.

Try keying in your company name without 'Pte Ltd', etc. and you should be able to locate your company. Please note that if your company is newly registered, it will take 2 working days before your company details can be retrieved via ACRA search.

Protect your personal assets and simplify your finances. A dedicated business account provides a clear separation between your business and personal transactions, making accounting easier and offering liability protection. Plus, it builds credibility and professionalism for your business.

DBS IDEAL can be accessed at any given time, on any given day, including, weekends and Public Holidays. In addition, you can bank on-the-go by downloading the DBS IDEAL Mobile app.

A variety of online banking services are available on DBS IDEAL Mobile. You can also make immediate payments with Scan & Pay with PayNow using IDEAL Mobile. You can even perform COE bidding and apply online loan for business via DBS IDEAL.

It’s free! What’s more, enjoy true $0 FX fees for all currencies across 200+ countries & territories, unlimited 1% cashback, and up to US$1.6M complimentary corporate liability insurance when you apply for the DBS Business Advance+ Card.

You can use the 50 free FAST and 50 free GIRO transactions for payments made via DBS IDEAL anytime during the entire month. You can also make Bulk Payments, and Payroll transactions with them. These free transactions will reset on the 1st of every calendar month. Unused free transactions will not be carried over to the following month.

When you have used up your free transactions before the end of the month, you can continue making transactions at chargeable standard rates.

Yes, you can. Kindly note that there is an over-the-counter charge of S$20 per transaction.

You can save money by performing payment issuance and collections transactions digitally. To make cash deposits, you can use our cash deposit machines for free.

Absolutely not! You’re getting the same DBS Business Multi-Currency Account that supports 13 currencies. If your business is a young enterprise or start-up, you would be happy to know that the Starter Bundle was specially created to support your budding company with affordable and accessible banking services.

We’re afraid you would have to apply for DBS Business Multi-Currency Account instead.

Congratulations on your new venture! You'll seamlessly transition to our Business Multi-Currency Account designed for established businesses. We'll reach out proactively closer to your three-year anniversary to notify you on the conversion, ensuring a smooth switch with minimal disruption to your banking.

You can make as many FAST and GIRO payment transactions as you need for free. These payment transactions must be made via DBS IDEAL. From Q4 2022, unlimited free FAST and GIRO payment transactions for the Starter Bundle excludes Bulk Payments or Payroll transactions —these are chargeable at standard rates as listed on our pricing guide.

Yes, you can. Kindly note that there is an over-the-counter charge of S$40 per transaction.

You can save money by performing payment issuance and collections transactions digitally. To make cash deposits, you can use our cash deposit machines for free.