Question 1

Should I apply online if I know I’m not eligible for instant account opening?

Accepted Answer

Absolutely! You can still save time by providing required information online, and then make an appointment with a Relationship Manager to complete your application at any branch.

Question 2

What documents do I need to prepare to apply for a business account?

Accepted Answer

No documents are needed for applicants who meet our criteria for instant account opening. For all other applicants, view this checklist. We only require documents after the application has been submitted online. We’ll pick up your documents by courier if you’re arranging to meet a Relationship Manager. For branch appointments, bring the documents when you visit.

Question 3

I am unable to find my company on the 'ACRA Details' step in the online application form. Why?

Accepted Answer

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.

Question 4

Can I still make over-the-counter transactions in person at DBS Bank branches?

Accepted Answer

Yes, you can. Kindly note that there is an over-the-transaction charge of S$20 for the DBS Business Multi-Currency Account and S$40 for the DBS Business Multi-Currency (Starter) Account per transaction. This charge will be waived till Q2 2022. 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.

Question 5

How often are account statements provided?

Accepted Answer

Monthly account statements are available from the 3rd business day of the following month as eStatements, which you can view on DBS IDEAL online banking platform. With eStatements, you'll never have to wait for your account statements to be printed and delivered through post. You can even view eStatements from as far back as 7 years and decide who within your company has access to them.

Question 6

Why should I apply for a multi-currency account when I only need to transact in SGD?

Accepted Answer

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.

Question 7

How can I make use of the 50 free FAST and 50 free GIRO transactions?

Accepted Answer

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.

Question 8

What does the S$30 flat fee for outward TT (telegraphic transfer) cover?

Accepted Answer

This flat fee only covers transactions made digitally via DBS IDEAL. It does not include any applicable agent bank fees. If you make outward telegraphic transfers at our bank branch, standard charges as listed on our pricing guide will apply.

Question 9

Is there a payment schedule for settling the fees and charges of my account?

Accepted Answer

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.

Question 10

Do I automatically get to book FX contracts when the account is opened?

Accepted Answer

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.

Question 11

Am I missing anything if I apply for this Starter Bundle?

Accepted Answer

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.

Question 12

Can you consider my application for Starter Bundle if my company has been incorporated for more than 3 years?

Accepted Answer

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

Question 13

Can I apply for Starter Bundle for my new business even though I already have a DBS business account?

Accepted Answer

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.

Question 14

Do I need to switch to another account when my company reaches its fourth year of incorporation?

Accepted Answer

No, you need not. You can continue with this account for as long as it meets your business needs.

Question 15

How can I make use of the unlimited free FAST and GIRO transactions?

Accepted Answer

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 Q2 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.

Question 16

What does the S$30 flat fee for outward TT (telegraphic transfer) cover?

Accepted Answer

This flat fee only covers transactions made digitally via DBS IDEAL. It does not include any applicable agent bank fees. If you make outward telegraphic transfers at our bank branch, standard charges as listed on our pricing guide will apply.

Question 17

Is there a payment schedule for settling the fees and charges of my account?

Accepted Answer

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.

Question 18

Do I automatically get to book FX contracts when the account is opened?

Accepted Answer

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.

Account/Features	Business Multi-Currency Account – Starter Bundle	Business Multi-Currency Account
Years in Business	Less than 3 years	More than 3 years
Account Fees	S$10 (monthly)	S$50 (annual)
Monthly Service Charge	S$0	S$40*
FAST & GIRO Via DBS Ideal	Unlimited Free Payments	50 Free Payments
Outward Telegraphic Transfers Fees	S$30 flat fee, excluding agent bank fees
DBS Business Advance+ Debit Card	No Annual Fees, 0 FX Charges
DBS Fixed Deposit Account	Complimentary
Currencies Supported	SGD, USD, JPY, HKD, EUR, AUD, CAD, CHF, CNH, GBP, NOK, NZD, and SEK
Current Promotions	Up to S$180 cashback¹ on your B2B expenditure on BAC+ debit card Quick & easy working capital via DBS Quick Finance - Access up to S$50,000 - No documents required DBS Lunar New Year 2026 Promotion² Get up to S$2,188 guaranteed cash rewards for your SGD and/or USD average account balances. Earn lucky draw chances with every qualifying balance and stand to win up to S$18,888! Lucky Draw Prizes: 1st prize: S$18,888 (1 winner) 2nd prize: S$2,888 (5 winners) 3rd prize: S$888 (20 winners) How your chances are calculated: Every S$100,000 average account balance = 1 lucky draw chance Every US$100,000 average account balance = 2 lucky draw chances (no cap in chances!) Terms and conditions apply. Enter the campaign code “CNY26” in the campaign code field of the online account opening form to enjoy this offer.² Promotion ends 28 February 2026.
	Apply now	Apply now

DBS Business Multi-Currency Account

DBS Business Multi-Currency Account

Apply for the business account that scales your growth

6 great reasons to apply today

Bank globally with 13 major currencies

Apply online with ease

Save more with free FAST and GIRO Transfers

Earn unlimited 1% cashback on business transactions

Lock in Your FX Rates Early

Book Live, Competitive Rates for Extended Periods

Financial Strength You Can Rely On

Your Money is Protected

Third Party Accounting Software Integration

Frequently asked questions

	What documents do I need to prepare to apply for a business 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.

	Why should I open a business account instead of using my personal account?
	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.

	Why do I still need a Business Debit Card?
	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.

	I've just started my business and opened a Starter Bundle. What happens when my business turns three years old?
	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.