Most popular

Business Digital Account

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

DBS Digital Account

Apply Now


Why open a Business 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
Enjoy FEE WAIVER for all incoming PayNow Corporate transactions and outgoing PayNow lookups until 31st December 2019!
Business Account
FREE Debit Card. No annual fee and 0.3% cash rebate.

Simple to Open.

1 Day Express
New! Instant Account Opening* for companies with 3 or less account users with DBS/POSB personal account – no signature or documents needed!

 

*Terms & Conditions for Instant Account Opening:

  1. This service is currently only applicable to Singapore registered companies fully owned by Singaporean Citizens who are existing DBS/POSB customers. The number of authorised signatories/directors/shareholders/partners must each not exceed 3.
  2. The details of the company must be retrieved from ACRA on step 2 of the application.
  3. Accounts will be opened instantly for applications submitted between 6am – 11pm.
  4. Applications made through this service are subject to approval by DBS Bank

Value Features of Business Digital 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!

PayNow Corporate

Enjoy FEE WAIVER for all incoming PayNow Corporate transactions and outgoing PayNow lookups until 31st December 2019!
Please refer pricing guide for outgoing transaction (FAST & GIRO).

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

Account Opening Process

Eligible for locally incorporated companies, owned by Singapore Citizen/PR, with not more than 3 account signatories.

STEP 1

No documents required! Retrieve your company’s information using CorpPass & MyInfo Business, OR your Business Registration Number.

STEP 2

Authenticate your identity using SingPass & MyInfo OR your DBS/POSB iBanking/ATM card

STEP 3

Account opened INSTANTLY. You will receive an SMS with password to open your email containing your account details.

If you are not eligible,

myinfo
STEP 1

Apply online fuss-free! Retrieve your company’s information using CorpPass & MyInfo Business, OR your Business Registration Number.

STEP 2

Make an appointment with a Relationship Manager OR Branch to skip the queue!

STEP 3

Relationship Manager calls you at your selected timing, OR Visit the branch at your preferred timing.

STEP 4

DBS courier picks up your documents OR you submit during your branch appointment.

STEP 5

Account Opened! You will receive an SMS with password to open your email containing your account details.

 

Back to top

Apply Now





FAQs

What are the account fees and transaction fees like?

Refer to the Account Comparison here. For more details on pricing, click here.

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

No documents are needed for applicants who meet our instant 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.

I am unable to find my company on the '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 your company is newly registered, it will take 2 working days before your company details can be retrieved via ACRA search

 

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$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.

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