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.

With the DBS Business Multi-Currency Account, you can transact in SGD and 12 other currencies. Best of all, you only need to manage all these different currencies from one account.

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.

This flat fee only covers transactions made digitally via DBS IDEAL. Agent bank fees are payable and will be added ontop of the flat fee. However, do note that if the BEN Charge Code is applied for the OTT, agent bank fees will be borne by the beneficiary and will not be charged. If you make outward telegraphic transfers at our bank branch, standard charges as listed on our pricing guide will apply.

Annual account fees are debited on the anniversary of the account opening date.

Transactional fees for GIRO, FAST, and TT (telegraphic transfer) transactions made in the previous month are debited on the 22nd of each month, or the next business day if the 22nd is a non-business day.

First, you need to sign up for FX Online while you’re applying for your business account. Once your account is opened, you can book FX contracts at competitive rates on FX Online, through DBS IDEAL online banking platform.

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.

Yes. If your new company has not been incorporated for more than 3 years on the date of the account application, it qualifies for the Starter Bundle.

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.

This flat fee only covers transactions made digitally via DBS IDEAL. Agent bank fees are payable and will be added on top of the flat fee. However, do note that if the BEN Charge Code is applied for the OTT, agent bank fees will be borne by the beneficiary and will not be charged. If you make outward telegraphic transfers at our bank branch, standard charges as listed on our pricing guide will apply.

Monthly account fees are debited on the last working day of the month.

Transactional fees for GIRO, FAST, and TT (telegraphic transfer) transactions made in the previous month are debited on the 22nd of each month, or the next business day if the 22nd is a non-business day.

First, you need to sign up for FX Online while you’re applying for your business account. Once your account is opened, you can book FX contracts at competitive rates on FX Online, through DBS IDEAL online banking platform.