dbs digital account

Business Digital Account

No minimum balance or fall-below fee

Business Digital Account

No minimum balance or fall-below fee

At a Glance

Starting up a business? If you have low initial capital and transact mostly online, the Business Digital Account is the best business account ideal for getting you started.


Simple to maintain

No minimum balance or fall-below fees, ever!


Simple to transact

Free digital tokens, eAlerts and access to DBS IDEAL to transact online and via mobile

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Simple to open

Instant Account Opening* for Singapore incorporated companies fully owned by Singapore citizens or permanent residents.

*All instant account opening applications are subject to approval by DBS Bank Ltd.

Features & Benefits

Internet & mobile banking fee

Free access to IDEAL, our online banking platform


Low initial deposit

Start your business account with just S$1,000

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Unlimited free digital tokens

Use your iOS and Android device to authenticate your transactions


Simply log in to DBS IDEAL to view or download your account statements.
Learn more

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.

How to Apply

We may need to speak to the sole proprietor, partners of a limited liability partnership or director of a private/limited company.

For a single director or sole proprietor with a DBS/POSB account.

Step 1: Apply online in just 5 minutes.

No documents are needed. You will need your:

  • ACRA Business Registration number

  • Personal DBS/POSB iBanking login or Debit/ATM Card and PIN details

Step 2: Account open in 1 day.

Use your account on the next business day.

For multiple directors or partners in a company

Step 1: Apply online in just 5 minutes.

You will need:

  • ACRA Business Registration number

  • Contact details of all account users

Step 2: Wait for our call.

We will call you within 1 business day to verify your identity.

Step 3: Prepare your documents for pick up.

We will send a courier to collect your documents

Step 4: Transact online.

Your account will be ready on the next business day.

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 Multi-Currency Business 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.