Other corporate accounts

Entrepreneur's Account for Start-Ups

Enjoy a three-month waiver of the minimum balance and fall-below fee

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

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 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

Account Comparison


DBS Digital Account

Entrepreneur’s Account

Recommended For


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



  • Ideal for companies which can maintain SGD 10,000 in the account
  • Transacts via internet banking, cheques and at the branch


Minimum balance


SGD 10,000
WAIVED for 1st 3 months#

Minimum initial deposit

SGD 1000

SGD 3000

Monthly Account Fee

SGD 18


Annual Account fee


SGD 40

Fall-below fee


SGD 35
WAIVED for 1st 3 months#

Internet & Mobile banking (IDEAL™) fee



Security Device

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

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

Debit Card



transaction fee^

SGD 20 + charges in Pricing Guide

As per 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.

# Applies to the DBS Entrepreneur’s Account for Start-Ups. To be eligible for it, your company must have been incorporated in Singapore within the last 6 months and owned by individuals.

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Account Opening Process


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

Different pricing terms and requirements apply for certain business types who open and maintain a SGD business account/Multi-Currency Account/Digital Account with DBS. For more information on these special business types, please call DBS BusinessCare at 1800 222 2200.

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Your business must meet these 2 criteria:

  • Incorporated in Singapore within the last 6 months
  • Owned by individuals

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. Is it compulsory for me to use all of the products or services in the Entrepreneur's Account for Start-Ups package?

No, you are free to use only the products and services that you need.

5. I am an existing DBS Business Account customer. Can I still sign-up for a DBS Entrepreneur's Account for Start-Ups?

Yes, you are welcome to apply if your company was incorporated in Singapore less than six months ago and is owned by individuals.

6. What currencies are available for the DBS Entrepreneur's Account for Start-Ups?

We offer the DBS Entrepreneur's Account for Start-Ups 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$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.