Get your business running in an instant with a DBS business account

At DBS, we understand that time is money, which is why you can now set up a business account with a click of a button with Instant Account Opening* - no signature or documents needed.

Business Digital Account
Corporate Multi-Currency Account
Fixed Deposit Account

Running a small business?

Our Business Digital Account gives you all the basics to get up and running instantly


  • No min. balance
  • Initial deposit of $1,000
  • No fall-below fee
  • Free online banking & debit card
  • SGD only
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$18 / month

Expanding your business?

Our Corporate Multi-Currency Account is for growing businesses that require more at an instant


  • $10,000 min. balance
  • Initial deposit of $3,000
  • $35 fall-below fee
  • Free online banking & debit card
  • 13 currencies including SGD, USD, AUD
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$40 / year

Want higher returns?

Our Fixed Deposit Account lets you choose from a flexible range of tenures.


  • $5,000 min. deposit
  • Earn interest
  • Flexi tenures from 1 month to 1 year
  • 11 currencies including SGD, USD, AUD
  • Asia's Safest Bank
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No account fees

By clicking on the “Open Account Instantly” button, you agree to the DBS Privacy Policy, Terms & Conditions Governing the Use of Online Application and Terms & Conditions Governing Accounts

Having trouble? See our FAQs or call 1800 222 2200

Why Apply Online?

Save Time and Grow Faster

No more waiting in line, apply for an account in the comfort of your home or office at an instant.

Instant Account Opening

Get your business running instantly with the new Instant Account Opening service - no signature or documents needed.

Open Account With MyInfo Business

Process your application instantly without filling up forms by logging in with MyInfo Business.

Learn more here

Account Comparison

 

Business Digital Account

All the basics for a new start up business

Multi-Currency Account

Everything you need for a growing business

Price

S$18/month

(save up to $$244 from fall below fees & account annual fee!)

S$40/year

 

Minimum initial deposit

S$1,000

S$3,000

FEATURES

Minimum Balance

NIL

S$10,000

Fall-below fee

NIL

S$35

Currencies available

SGD only

SGD and 12 foreign currencies including USD, AUD and more SGD, USD, AUD, CAD, CNH, HKD, NZD, GBP, NOK, SEK, CHF, EUR, JPY. SGD is a default currency.

Internet & Mobile Banking (IDEAL™)

FREE

FREE

PayNow Corporate

Enjoy FEE WAIVER for all incoming PayNow Corporate transactions and PayNow outgoing lookups until 31st December 2019!

Please refer to pricing guide for outgoing transaction (FAST & GIRO)

Internet Banking Security Device

Unlimited FREE Digital Tokens

Unlimited FREE Digital Tokens

Debit Card

FREE

FREE

Cheque Book

S$25 / Book

FREE

Over The Counter (OTC) Transaction Fees

Pricing Guide + S$20 per txn^

Pricing Guide

MORE VALUE WITH DBS WHEN YOU TRANSACT ONLINE!

To DBS/POSB account

FREE; 24/7

To non-DBS/POSB account via FAST

S$0.50 per transaction

Outward Telegraphic Transfer (OTT)

1/8% commission + Waiver of cable charges if within DBS regional network or S$20 cable charges if outside DBS regional network

Inward Telegraphic Transfer (ITT)

S$10 per transaction

^Chargeable OTC transaction 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.

Why Apply Online?

FREE Access to DBS IDEAL ™

Transact online and via mobile app, Free Digital Token in smartphone, Free eAlerts

Enjoy Fee Waiver

For all incoming PayNow Corporate transactions and outgoing PayNow lookups until 31st December 2019!

No Annual Fee

Get 0.3% cash rebate

$0 Cable Charges

When you transfer funds to your DBS Business Account in Mainland China, India, Hong Kong, Indonesia or Taiwan!

DBS BusinessClass

Get invited to exclusive networking events with global industry players and disruptors

Start Digital with SME Connect

Looking to take your business to the next level? Start going digital with these specially curated solutions absolutely free for the first 6 months.

Learn more here

Note: If your business has foreign directors, is a club, association, or society, or is more complex in nature, you will need to visit the branch to complete the application. Please book a branch appointment in step 5 of the online form.

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.

*Terms & Conditions for Instant Account Opening:

  • This service is currently only applicable to Singapore registered companies fully owned by Singapore Citizens/PRs. The number of authorised signatories/directors/shareholders/partners must each not exceed 3.
  • The details of the company must be retrieved using MyInfo Business or Business Registration Number in the online application.
  • Accounts will be opened instantly for applications submitted between 6am - 11pm.
  • Applications made through this service are subject to approval by DBS Bank.

 

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.

FAQs

What is the instant account opening process?

This is only applicable to locally incorporated companies, owned by Singapore Citizen/PR, with not more than 3 account signatories.

STEP 1

No documents required! Retrieve your company’s information using CorpPass & MyInfo Business, OR your Business Registration Number.

STEP 2

Authenticate your identity using SingPass & MyInfo OR your DBS/POSB iBanking/ATM card

STEP 3

Account opened INSTANTLY. You will receive an SMS with password to open your email containing your account details.

What if I am not eligible for instant account opening?

Fret not! Follow these simple steps:

STEP 1

Apply online fuss-free! Retrieve your company’s information using CorpPass & MyInfo Business, OR your Business Registration Number.

STEP 2

Make an appointment with a Relationship Manager OR Branch to skip the queue!

STEP 3

Relationship Manager calls you at your selected timing, OR Visit the branch at your preferred timing.

STEP 4

DBS courier picks up your documents OR you submit during your branch appointment.

STEP 5

Account Opened! You will receive an SMS with password to open your email containing your account details.

What are the account fees and transaction fees like?

Refer to the Account Comparison here. For more details on pricing, click here.

What documents am I required to submit and when do I need to submit them?

No documents are needed for applicants who meet our instant 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.

I am unable to find my company on the '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 your company is newly registered, it will take 2 working days before your company details can be retrieved via ACRA search