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Social Enterprise Package

Open an account with no initial deposit or minimum monthly balance

DBS Social Enterprise Package

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Why choose DBS Social Enterprise Package?

Access a range of virtually free transaction services with the DBS Social Enterprise Package, which was specifically designed to address the needs of social enterprises. This low-cost solution leaves you free to focus on your cause.

  • Save money with our Social Enterprise Package, which comes with no initial deposit or minimum monthly balance requirements, and offers preferential rates for transactions
  • Choose to open an account in Corporate Multi-Currency Account, SGD or USD
  • Rest assured you’ll be banking with the right partner. DBS' flagship Corporate Social Responsibility (CSR) programme is championing social entrepreneurship. We are the first and only bank in Singapore to offer a solution tailored for social enterprises

Product Features

Package DetailsSocial Enterprise Package (SGD)Business Account (SGD)

Min initial deposit

Nil

SGD 3,000

Min average balance per month

Nil

SGD 10,000

Fall-below fee

Waived

SGD 35

Annual account service fee

Waived

SGD 40 / Year

Inward Telegraphic Transfers 

Waived

SGD 10 per transaction

Outward Telegraphic Transfers

Flat rate of SGD18 per transaction.
(via DBS IDEAL )

Handling commission: 1/8% (min SGD 10, max SGD 120)

Commission-in-lieu of FX: 1/8% (min SGD 10, max SGD 120)

Cable charge: SGD 20

MAS Electronic Payment System (MEPS)

SGD 10 per transaction

SGD 20 per transaction

GIRO 

Waived (via DBS IDEAL)

SGD 0.20 per item

IDEAL™

FREE!

FREE!

DBS Visa Business Advance Debit Card

FREE!

FREE!

Account Opening Process

FAQs

What is a social enterprise?

A social enterprise is a business with a social purpose that has – or is striving towards – a commercially sustainable business model and delivers social impact to the chosen social cause.

This business must have a clearly defined social mission with social benefits as the primary objective of its establishment. Whether it is for-profit or not-for-profit, a social enterprise typically undertakes commercial activities to generate revenues and earn profits so that there would be lasting social impact.

What funding options from DBS are available for social enterprises?

Under the Social Enterprise Package, we offer unsecured business loans at a preferential rate of 5% fixed p.a. We also set aside funds to be given out as Project Grants that support meaningful initiatives by social enterprises. Please call us at 1800 222 2200 for more information.

 

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.

 

*Terms & Conditions apply

"The bank has helped by providing a low cost Social Enterprise bank account, loans for working capital, credit card facilities and procurement of our services."
Mr Richardo Chua
Mr Richardo ChuaDirector

Adrenalin Events And Education Pte. Ltd.

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