Other corporate accounts

Educator’s Account

Get started with very little time and effort

Designed specially to meet the day to day transactional banking needs of your educational business, the DBS Educator’s Account will enable you to focus on providing the best-in-class service to your students. Benefit from the experience of our team of Education Specialists. DBS is the first local bank to offer an account specially customised for the education sector.

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Why Open An Account With Us

DBS IDEAL™

FREE access* to DBS IDEAL™ corporate online banking and mobile app.
No limit to number of free users. Login with digital token in your phone (no need for physical tokens!)

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

Special partner privileges and waiver of one-time setup fee (worth up to S$800) for credit card acceptance service

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.

 

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?

You may refer to the full list of required documents here.
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 documents are required to open an account?

Please refer to our checklist for the list of documents required.

5. What currencies are available for the DBS Educator’s Account?

We offer the DBS Educator’s Account in SGD only. However, we also offer 13 other currencies with our Business Account. Please refer to the Business Account page for more details.

6. Is it compulsory for me to use all of the products or services in the DBS Educator’s Account?

No, you are free to sign up for any of the products or services that you need in the package.


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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.

  • Skip the branch & apply online in 5 mins!