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Account Comparison

 

Digital Business Account Lite

Business Account Plus

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

    Nil

    SGD 10,000

    Minimum initial deposit

    SGD 1000

    SGD 3000

    Monthly Account Fee

    SGD 18

    Nil

    Annual Account fee

    Nil

    SGD 40

    Fall-below fee

    Nil

    SGD 35

    Internet & Mobile banking (IDEAL™) fee

    FREE!

    FREE!#

    Security Device

    5 FREE devices

    5 FREE devices

    Debit Card

    FREE!

    FREE!

    Over-the-counter(OTC)
    transaction fee^

    SGD 20 + charges in Pricing Guide

    As per Pricing Guide

    Cheque Books issued

    SGD 25 each

    FREE


    ^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.

    #Free internet banking only if you apply online - save up to SGD 390 every year.

    Why Open An Account With Us

    DBS IDEAL™

    FREE access* to DBS IDEAL™ corporate online banking and mobile app (worth up to SGD 390 per year) when you apply online

    DBS Visa Business Advance Debit Card

    No annual fee and 0.3% cash rebate

    DBS Priority Pay

    $0 cable charges when you transfer funds to your DBS Business Account in China, India, Hong Kong, Indonesia or Taiwan!

    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

    *Terms and Conditions apply for DBS promotions
    For social enterprises, please call DBS BusinessCare at 1800 222 2200 to make an appointment with our branches.

    Select Account Type:

    By clicking on the “Apply Now” button, you agree to the DBS Privacy Policy and Terms & Conditions (including clause 3 relating to personal data).

    Got a question?

    DBS BusinessCare 1800 222 2200

    Got a question?

    DBS BusinessCare 1800 222 2200

    Why DBS?

    Why DBS?

    Find out why DBS Business Account is the preferred account by SMEs in Singapore.
    Source: Vulcan Post

    Read article

    Need a 2nd DBS account?

    If you’re looking to apply for an additional account with the same signing mandates and business particulars, please click here instead.

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