dbs digital account

Business Digital Account

No minimum balance or fall-below fee

Business Digital Account

No minimum balance or fall-below fee

Important Notice: From 20 Nov 2021 onwards, the Business Digital Account is no longer offered for new account opening.

Looking to open a new account with DBS? Visit the Business Multi-Currency Account page for more information or apply directly here.

At a Glance

Existing DBS customers with the Business Digital Account can maintain this account with no minimum balance and fall-below fees.

Account Details
Monthly account fee S$18
Over-the-counter transaction S$20 for each transaction + charges for transactions in the Pricing Guide
Cheque book S$25 each

Refer to the pricing guide for more details.
Note: Fees indicated are inclusive of GST where applicable.

DBS Business Account Pricing Revision 
With effect from 1 Dec 2020, SGD Current Account and Foreign Currency Current Account pricing will be revised. Find out more.
Note: Applicable to SGD Current Account and Foreign Currency Current Account customers only.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

What currency is this account in?

You may only transact in Singapore Dollars (SGD) in the Business Digital Account. However, we offer SGD plus up to 12 foreign currencies in the DBS Business Multi-currency Account.

Which transactions are chargeable?

A S$20 transaction fee will apply to over-the-counter transactions including:

  • Cash deposit & withdrawals

  • Cheque encashment

  • Purchase of a cashier’s order

  • Purchase of a demand draft

  • Funds transfers

  • Outward Telegraphic Transfers (hard copy forms)
I can’t find my company on ‘ACRA details’ in the online form. Why?

Try removing ‘Pte. Ltd’ from your company name when entering your details. If your company is newly registered, it will take 2 working days before you can retrieve the details.

I have an SGD Business Account. How do I switch it to a Business Digital Account and keep the same account number?

We will help you make the switch. Call us on 1800 222 2200.