- Day to Day
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- Heartland Merchant Banking Package
- Day to Day
- Accounts
- Heartland Merchant Banking Package
Singapore's heartland businesses hold a unique place in our daily lives, fostering a sense of community and enhancing cohesion.
The SG60 Enhanced Heartland Merchant Banking Package is tailored to empower heartland merchants to save, earn and grow with up to S$1,880* worth of support benefits and e-commerce capacity building.
Save
- $60 cashback (min. daily balance of S$20k over 3 months)
- 6% cashback for spends on Business Advance+ Debit Card (With a minimum spend of S$600 per month. Total cashback capped at $60)
- 6 months transaction fee waiver on QR PayNow collections via DBS MAX App
- 6 months free NETS terminal
- 60% off processing fee for working capital loan
- Free GIRO & FAST payments (capped at 50 each month)
- No minimum balance & no account fees (waived for first year) when you open a Business Multi-Currency Account
Earn (SG60 Exclusive)
- Stand a chance to win S$6,000 when you open your account before 31 August 2025
- $60 shopping voucher upon sign up during our community events (limited to first 60 sign-ups)
Grow
- Sign up an exclusive class to learn new skills in selling on e-commerce platforms (limited slots available)
- Benefit from Good Money Habits for Businesses by following @DBSBusinessClass on Instagram and TikTok
Terms and conditions apply.
Enjoy these perks

Business Multi-Currency Account
No minimum balance and no account fees (waived for first year)
Free GIRO & FAST payments (capped at 50 each month)

DBS Business Advance+ Card
Enjoy $0 FX fees, up to 6% cashback, and up to US$1.65M complimentary corporate liability insurance

Working Capital Loan
Up to 60% off processing fee and flexible repayment schemes with unsecured loans

DBS MAX
Enjoy 6 months transaction fee waiver when you collect QR PayNow payments using DBS MAX App, and 30% lower Point of Sale (POS) terminal fees at $302/year with the new A50 terminal
DBS MAX is your complete merchant solution with a wide range of payment acceptance modes for any storefront, offline and online. Plus, enjoy easy reconciliation and transaction insights on DBS IDEAL Merchant Services (MAX portal)!
Find out more here

NETS for Business
6 months free terminal fees to power your business with NETS and offers your customers more ways to pay
Get started with the Business Multi-Currency Account and apply for the additional services you may require.
Step 1: Register your interest for the Heartland Merchant Banking Package.
Once you have applied for the Banking package, you may select the solutions that you are interested in.
Step 2: Open a new Business Multi-Currency Account online.
Remember to use the Campaign code: SG60HM to qualify!
Step 3: Once your Business Multi-Currency Account has been opened successfully, a DBS representative will contact you to guide you through the application process for the remaining solutions you have indicated interest for.
For a SME Working Capital Loan, you will be required to submit an online application here. Enter promo code HSG60HM before you confirm and submit your application.
DBS SG60 Exclusives
- Stand a chance to win S$6,000 when you open your account before 31 August 2025
- Receive a S$60 shopping voucher upon sign up during our community events (limited to first 60 sign ups)
To be eligible for the Heartland Merchant Banking Package, your company simply needs to be in the heartland retail business and meet the following requirements*:
- Business nature of heartland retailer; AND
- Be registered and incorporated in Singapore with at least 30% local shareholding (Singaporeans or Permanent Residents); AND
- Have an annual sales turnover (at group level) of not more than S$100 million or employment size not exceeding 200 employees
*Applicable to only companies with first business account to be opened with us.
Designed to address the needs of businesses creating impact, this low-cost banking solution leaves you free to focus on your cause.

Preferential transaction rates and free FAST and GIRO payments (capped at 50 each month)
Get preferential transaction rates via DBS IDEAL. No initial deposit or minimum monthly balance for Business Multi-Currency Account

Business Multi-Currency Account
Transact in SGD and up to 12 foreign currencies

DBS Business Advance+ Card
Enjoy $0 FX fees, up to 6% cashback, and up to US$1.65M complimentary corporate liability insurance
Save with DBS SG60: 6% cashback for first 3 months (min.$600 monthly spend, total capped at $60)
Learn more here

Community Banking
We are the first and only bank in Singapore to offer solutions tailored for heartland merchants
Features and Benefits
Package details | Business Multi-Currency Account |
---|---|
Minimum initial deposit | Waived for 1st year |
Minimum average balance per month | Waived for 1st year (Usual : S$10,000) |
Fall–below fee | Waived for 1st year |
Account service fee | Waived for 1st year |
S$10 per transaction | |
A flat rate of S$30 per transaction (via DBS IDEAL), excluding Agent Bank charges | |
Via DBS IDEAL: | |
OTC Charges* | OTC transaction @ S$20 per transaction |
Free | |
Free |
*Over-The-Counter (OTC) charges are applicable to cheque encashments, cash deposits and cash withdrawals done over the branch counter only and is subject to the banks review.
Note: Fees are inclusive of GST where applicable. View the Pricing Guide for details.
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. Click here to read more.
Helping businesses that are creating impact to kickstart their journey with unsecured loans with preferential interest.

Borrow up to SGD 500,000*
Support your operational expenses or business expansion
*Loan amount is approved based on the bank's assessment.

Flexible loan repayment
Enjoy a flexible repayment period of up to 5 years

Lower processing fees
Enjoy up to 60% off your processing fees
End-to-end cashless collections solution that’s designed to help your business grow, and grow with your business.
Enjoy seamless, effortless set up and integration for any payment mode and storefront, online and offline - PayNow, PayLah!, cards, pick one or pick all.
Save with DBS SG60: 6 months transaction fee waiver for MAX App
Product | Subscription Fee | Transaction Fee | |
First year | Subsequent years | ||
DBS Point of Sale (POS) A50 Terminal (accepts QR PayNow + Credit Cards) | $302/year (inclusive of one-time set up fee of $50) | $252/year | QR PayNow: 0.5% Credit Cards: 2.50% - 3.0%* (T+1 Daily settlement) |
DBS MAX App (accepts QR PayNow only) | N.A. | N.A. | 0.25% (Waived for first 6 months of usage if you sign up before 31 Aug 2025) |
*The bank reserves the rights to determine the final transaction fee pricing.
Find out more here.
Save with DBS SG60: 6 months free terminal fees
Unified POS Terminal
Usual Price: $50 / month
All-in-one terminal solution that accepts NETS and international credit card payments.
SGQR Label
$0 / month
A zero-cost solution that allows you to accept QR payments from various bank / digital payment apps.
Special deal for DBS Customers
Product | Subscription Fee | Transaction Fee | |
First 12 months | Subsequent 6 months | ||
NETS Unified POS (NETS +QR+ Credit Cards) | $50/ month | Free | 0.8% - 3.5% (T+3 Daily settlement) |
simplyNETS Lite (SGQR Label) | Free | Free | 0.5% for F&B sector 0.8% for other sectors (T+1 Daily settlement) |
Terms and conditions apply.