Most popular

Digital Business Account

For new businesses. No minimum balance, no annual fee, free online banking.

DBS Digital Account

Apply Now



Why open a Digital Account

Simple to maintain.

Zero Balance Business Account
No minimum balance, no fall-below fees – always.

Simple to transact.

Business Account
FREE access to DBS IDEAL™ to transact online and via mobile app, Free Digital Token in smartphone, Free eAlerts
Business Account
FREE Debit Card. No annual fee and 0.3% cash rebate.

Simple to Open.

1 Day Express
New! 1-Day Express account opening* for Single Director Companies or Sole Proprietors with DBS/POSB personal account - no signature or documents needed!

 

*Terms & Conditions for 1-Day Express Account Opening:

  1. This service is currently only applicable to Singapore registered Sole Proprietorships owned by an individual or Singapore incorporated companies with one director who is also the only shareholder and authorised signatory. This individual must be a Singapore citizen or Singapore permanent resident and have an existing active DBS/POSB personal bank account.
  2. Accounts will be opened the next working day (Monday to Friday, excluding public holidays) for applications submitted before 2pm on a working day.
  3. Applications made through this service are subject to approval by DBS.

Value Features of Digital Business Account

Recommended For

 

  • Ideal for start-ups with low minimum balances
  • Mostly transact online

 

Minimum balance

Nil

Minimum initial deposit

SGD 1000

Monthly Account Fee

SGD 18

Annual Account fee

Nil

Fall-below fee

Nil

Internet & Mobile banking (IDEAL™) fee

FREE!

Security Device

Unlimited FREE digital tokens (authentication using your iOS or Android device)

Debit Card

FREE!

Over-the-counter(OTC)
transaction fee^

SGD 20 + charges in Pricing Guide

Cheque Books issued

SGD 25 each


^Chargeable OTC transactions include:

  • Cash deposit & withdrawals
  • Cheque encashment
  • Purchase of cashier’s order
  • Purchase of demand draft
  • Funds transfers
  • Outward Telegraphic Transfers (hard copy forms)

Refer to the pricing guide for more details.

Back to top

Apply For Your Account In 5 Minutes

Skip the branch and apply for a DBS Digital Account with hassle-free online process.

Account Opening Process

 

For social enterprises, please call DBS BusinessCare at 1800 222 2200 to make an appointment with our branches.

Depending on your business structure, we would need to speak to:

  • Sole Proprietorship – the sole proprietor
  • Partnership/Limited Liability Partnership – all partners
  • Private/Limited Company – 1 director

Should your business fall into any of the following, then account set-up fees and a higher minimum daily balance will apply. Click here for more details.

  • Holding/Investment Holding/Personal Investment Holding Co (PIC)
  • Fund/Private Equity/Venture Capital/Hedge Fund/Trust Account/Special Purpose Vehicle
  • Money Service Business
  • Arms-Related/Defense Industry/Pyrotechnic Business
  • Online Gaming/Gaming/Online Payment Provider
Back to top

Apply Now



FAQs

 

1. What currency is the DBS Digital Account available in?

We offer the DBS Digital Account in SGD only. However, we also offer SGD plus up to 12 other foreign currencies in the DBS Corporate Multi-Currency Account. Please click here for more details.

2. What are the OTC transactions which will incur the $20 transaction fee?

Chargeable OTC transactions include:

  • Cash deposit & withdrawals
  • Cheque encashment
  • Purchase of cashier’s order
  • Purchase of demand draft
  • Funds transfers
  • Outward Telegraphic Transfers (hard copy forms)

 

3. I am unable to find my company on the ‘2. ACRA Details’ step in the online application form. Why?

Try keying in your company name without ‘Pte Ltd’, etc. and you should be able to locate your company. Please note that if the company is newly registered, it will take 2 working days before your company details can be retrieved.

4. What documents am I required to submit and when do I need to submit them?

No documents are needed for applicants who meet our 1-Day Express account opening criteria.

For all other applicants, click here for our checklist. You are only required to submit the documents after the application has been submitted online. We will arrange for a courier to pick up your documents if you had opted for a Relationship Manager to call you. For branch appointments, kindly bring the documents along with you.

5. I currently hold an SGD Business Account. How do I switch to the DBS Digital Account and retain the same account number?

Please call DBS BusinessCare at 1800 222 2200 to do so.

Back to top

Why Choose Us?

Because with Asia’s leading SME bank, that spark in you can take on whatever you choose. That same spark to excel drives us to deliver better insights, innovation and performance. It made us the best SME bank in Asia, so that you can live more, bank less.

Retail Banker International

Retail Banker International

Excellence in SME Banking 2016, Asia

The Asset

The Assets

Best SME Bank for Working Capital & Treasury 2015, Singapore

Global Finance

Global Finance

Best SME Bank for Working Capital & Treasury 2015, Singapore
Best Online Cash Management, Asia
Best Foreign Exchange Bank, Southeast Asia and Singapore
Best Trade Finance Provider, Singapore

 

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$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Smartform for updating of account mandate
Smartform for updating of account mandate

Launch of new smartform for updating of your account mandate

Find out more