Skip the Hassle - Open a DBS Business Multi-Currency Account or Starter Bundle Online Now!

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If you’re a Singaporean business owner, opening your business account no longer means making a trip to the branch. You can skip the queues and apply for your DBS Business Multi-Currency Account or Starter Bundle entirely online.

That’s not all! Once you’re an account holder, you can enjoy free FAST and GIRO transfers monthly, make transactions in up to 13 major currencies, get unlimited 1% cashback on everyday B2B spend, and have $0 FX fees on your DBS Business Advance+ Debit Card. If you make cross‑border payments, the account is integrated with DBS SecureFX on the IDEAL payments page, allowing you to lock in your preferred foreign exchange rates for future‑dated payments up to one month in advance—with no credit line or upfront cash commitments.

Beyond savings, you will also receive an immense value-add with DBS BusinessClass which is an invaluable experience that DBS offers. It allows you to connect with business leaders across the region, gain insights from industry experts, and discover disruptive solutions that can help your business innovate and boost productivity. These resources are designed to give you and your business the competitive edge it deserves.

We’ve done some research to find the most value-for-money business account. You can see our findings in the table below.

If all this makes you impatient to sign up for a DBS Business Multi-Currency Account or  Starter Bundle, it’s a good thing that the process is probably the easiest and quickest in town.

Here’s the 3-step process we went through to set up our business account with DBS:

Apply Online At DBS Website

We visited the DBS SME Banking website. Beforehand, we had to make sure we had the following information ready: our unique entity number (UEN) and registered business name (obtained from our ACRA report), the currency we want to operate in, and our business details.

After we submitted the form, we received an email with a copy of the completed form so we could double-check that the information we provided was accurate.

Bank Account Set-Up And Business Internet Banking Security Tokens.

After two working days, we received a confirmation email from the DBS relationship manager informing us of our account number. Our DBS IDEAL business internet banking security tokens arrived via mail along with our passwords. We also received our Business Advance+ Debit Card along with the rest of the documents.

Concluding Remarks

All in all, our business banking application with DBS was a simple and hassle-free process, and we didn’t need to be physically present at the bank at all. 

So for fellow business owners who are thinking of setting up a business account, DBS offers a smarter way to get started - combining ease of online setup with significant savings on fees.