Business For Impact Banking Package​

DBS Business for
Impact Banking Package

Solutions to help you grow
Your cause, not the cost

DBS Business for
Impact Banking Package

Solutions to help you grow
Your cause, not the cost

    At a Glance

    Designed for businesses making a difference 

    Access preferential banking solutions that reduce costs and support businesses creating positive social and environmental impact. 

    Four solutions to help your business thrive 

    Access a Business Multi-Currency Account, SME Working Capital Loan, Select+: Package Insurance Solution underwritten by Chubb, and future-ready programmes for growth.

    1. Business for Impact Multi-Currency Account

    The Business for Impact Multi-Currency Account helps eligible businesses manage local and international transactions more cost-effectively through the following benefits

    13 major currencies

    13 major currencies

    SGD, USD, EUR, GBP, JPY, HKD, AUD, CAD, CHF, CNH, NOK, NZD, and SEK
    No initial deposit

    No initial deposit

    Open an account without a minimum opening deposit.
    No minimum monthly balance

    No minimum monthly balance

    Maintain the account without a minimum average balance requirement.
    Waived account fees

    Waived account fees

    Enjoy waived fall-below fees, annual account service fees, and inward telegraphic transfer fees.
    Preferential transaction rates

    Preferential transaction rates

    Access preferential transaction rates and manage payments digitally through DBS IDEAL.
    Deposits protection

    Deposits protection

    Singapore Deposit Insurance Corporation (SDIC) protection up to S$100,000.
    Responsible banking

    Responsible banking

    First and only bank in Singapore to offer solutions tailored for businesses that are creating impact as part of DBS Foundation.

    Features and Benefits​

    Package details

    		 Business for Impact Multi-Currency Account
    Min average balance per month

    Nil
    Monthly service charge Waived

    Account service fee

    Waived

    Inward Telegraphic Transfers

    Waived

    Outward Telegraphic Transfers

    A flat rate of S$18 per transaction (via DBS IDEAL)
    MAS Electronic Payment System (MEPS)

    S$10 per transaction (via DBS IDEAL)
    GIRO & FAST

    GIRO: Waived (via DBS IDEAL)

    FAST: S$0.50 per transaction
    DBS IDEAL

    Free
    Business Advance+ Card Free

    Note: Fees are inclusive of GST where applicable. View the Pricing Guide for details.

    Eligibility​

    To qualify for the Business for Impact Banking Package, your company must be classified as a social enterprise or a small and medium enterprise that drives social and environmental impact.

    Must meet at least one of the following criteria:

    • Be a raiSE member
    • Be a certified B Corporation
    • Be a past or present DBS Foundation grantee
    • Be supported by the DBS Foundation

    For the various banking solutions in the Business for Impact Banking Package, additional criteria may apply.

    Register here

    2. SME Working Capital Loan for Impact Businesses

    Helping businesses that are creating impact to kickstart their journey with unsecured loans with preferential interest

    Financing of up to S$500,000

    Financing of up to S$500,000

    Access funds for operational expenses or business expansion, subject to the bank’s assessment.
    Repayment terms of up to five years

    Repayment terms of up to five years

    Select a loan tenure of between one and five years.
    Preferential borrowing rates

    Preferential borrowing rates

    Benefit from preferential interest rates tailored to your financing needs.
    No processing fees

    No processing fees

    Reduce upfront borrowing costs with a full processing fee waiver.

    3. Select+ Package Insurance Solution

    Select+ is a business insurance package underwritten by Chubb Insurance Singapore Limited that helps protect eligible businesses against selected office contents damage and public liability risks.

    Office content

    Office content

    Up to S$25,000 coverage for destruction and/or damage to your office content. This includes damage to stock and contents, arising from leaking pipes, fire or smoke damage, water damage, and sprinkler leakage.
    Public liability

    Public liability

    Up to S$250,000 coverage for legal liability arising from injury or property damage to your customers, visitors, or landlords, that arises from your business’ negligence.

    All benefits are subject to the terms and conditions of the Policy. Please refer to the Policy Wording for the full insuring clauses, definitions, schedule, extensions, terms, conditions, exclusions and limits of liability of the Policy.

    4. DBS future-ready programmes

    DBS ESG Ready programme

    Developed by DBS and Enterprise Singapore, the programme helps local SMEs and mid-sized companies strengthen their sustainability capabilities through tailored roadmaps, specialist guidance, training, carbon accounting tools, and regulatory insights.

    DBS Spark GenAI programme 

    Developed with Enterprise Singapore (EnterpriseSG) and the Infocomm Media Development Authority (IMDA), the programme supports businesses on their AI adoption journey with simple, clear, and practical steps. 

    Why choose DBS for your business for impact journey?

    • Integrated business solutions
      Access DBS SME banking capabilities, working capital financing, business insurance and advisory resources to support your growth and impact.
    • Purpose-driven support
      Benefit from DBS Foundation initiatives and DBS’s sustainability expertise, including specialist guidance, training and practical tools.
    • Award-winning banking expertise
      Grow with an award-winning banking partner, backed by strong digital capabilities and expertise in supporting businesses.
    Start your Business for Impact journey with DBS

    Access preferential banking, financing, insurance, and capability-building solutions designed for impact-driven businesses. 

    How to apply?

    Register your interest in the Business for Impact Banking Package

    You will need to prepare the following documents:

    1. raiSE membership certificate 
    2. B Corp membership certificate
    3. Confirmation email from DBS Foundation on your approved grant 

    A DBS representative will contact you to guide you through the application process.

    Get started

    Frequently Asked Questions
    What is a raiSE membership?

    For both budding and established social enterprises, raiSE offers membership categories tailored to support you at every stage of your journey. Find out more here.
    What is a B Corporation?

    B Corporations are for-profit companies that have received certification from B Lab, a non-profit organization that certifies businesses that meet certain social and environmental standards.
    What is the DBS Foundation Grant Award?

    DBS Foundation Grant Award is looking for innovative businesses that improve the lives of those in need so that they can be more socially and financially resilient.

    Check your eligibility to apply here.
    Learn more about the Grant Award here.
    Can I apply for the Business for Impact Banking solutions without applying for a Business for Impact Multi-Currency Account?
    No, it is mandatory to apply for a Business for Impact Multi-Currency Account.
    How do I know if I am eligible for the Business for Impact Banking Package?

    Depending on your business classification, you can verify your eligibility through the following criteria and documentation:

    • raiSE Member: You should possess a membership certificate issued by raiSE. Alternatively, you can check if your company is listed directly in the raiSE Membership Directory.
    • Certified B Corporation: You should have a membership or certification document from B Lab. You can also verify your status by searching for your company in the Find a B Corp Directory.
    • DBS Foundation Grantee: You must be a past or present grantee of the DBS Foundation and should have received an official email confirmation regarding your successful grant application.
    Ways to get help

    We are ready to assist you with any enquiries, feedback, or complaints you may have.

    Chat with DBS BusinessCare

    Chat with us

    Our chatbot Joy will answer your questions and connect you with our customer support team, BusinessCare.

    To start chatting, go to the bottom right corner of the page. Select the chat icon. 
    Learn more about it, including the live chat operating hours.

    Alternatively, leave a message with our chatbot, Joy. We will get back to you within 3 working days.


    Call DBS BusinessCare

    Call us

    Operating hours: Monday–Friday, 8.30am–8.30pm (excluding public holidays)

    Reporting a scam can be done 24/7, at any time through DBS BusinessCare.
    In Singapore: 1800 222 2200
    From overseas: +65 6222 2200