Other corporate accounts

Educator’s Account

Get started with very little time and effort

Set your business on a path for success with the DBS Entrepreneur's Account for Start-Ups. This customised package is designed specifically for start-ups to provide affordable and convenient banking services that help you grow. You will also receive a wide range of value-added benefits including fee waivers and complimentary add-ons.

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Why Start-Ups Open Accounts With Us

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

FREE access to DBS IDEAL™ to transact online and via mobile app, Free Digital Token in smartphone, Free eAlerts

DBS Visa Business Advance Debit Card

No annual fee and 0.3% cash rebate

DBS BusinessCare

DBS BusinessCare
Dedicated, award-winning service
with fast response and extended operating hours

DBS BusinessClass

DBS BusinessClass
Invitations to exclusive networking events with global industry players and disruptors

Special privileges

Lower rates on Accounting, Mobile plans and HR solutions. Plus waiver of one-time setup fee (worth up to S$800) for credit card acceptance service.

 

*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. The details of the company must be retrieved from ACRA on step 2 of the application.
  3. Accounts will be opened the next working day (Monday to Friday, excluding public holidays) for applications submitted before 2pm on a working day.
  4. Applications made through this service are subject to approval by DBS.

Value Features

Features of a DBS Business Account

Minimum initial deposit

SGD 3,000

Minimum average balance per month

SGD 10,000

Fall-below fee

SGD 35

Annual Account fee

SGD 40

Monthly Account fee

NIL

Internet banking fee

Free

Mobile banking app
and desktop banking access

Yes

Security Device

FREE digital token (authentication using your iOS or Android device)

GRIO via IDEAL™

1 year free

DBS offers one of the most value-for-money business accounts with total fees as low as SGD 40 per year! Find out how we stack up against other business accounts in Singapore. Read more here.


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Apply For Your Account In 5 Minutes

Skip the branch and apply for a DBS Business 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
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FAQs


To qualify for the DBS Educator’s Account, your organisation must be in the business of providing education, enrichment or corporate training services. Examples of such organizations :

  • Preschool - Infant Care, Child Care, Kindergartens
  • Tertiary – Private Education Institutions, International Schools, Preparatory & Boarding Schools
  • Primary & Secondary Schools, Junior Colleges
  • Enrichment &Tutorial Centres, Corporate Training & Executive Education

 


1. 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.

2. 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.

3. How do I switch from my existing bank to DBS?

Switching to us will be a hassle-free process. We have put together a list of where you can find the commonly used GIRO authorisation forms for your perusal:

You may also contact our cash management specialist at gtssales@dbs.com for assistance.

4. What currencies are available for the DBS Educator's Account?

We offer the DBS Educator's 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.


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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.