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Select type of Business Account:

 


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Account Comparison

 

Digital Business Account Lite
All the basics for a new start up business

Business Account Plus
Everything you need for a growing business

Price

S$18/month

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 / month

Internet & Mobile Banking (IDEAL™)

FREE

FREE

Internet Banking Security Device

FREE

FREE

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$5 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 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.

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)

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.

FAQs

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?

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.

What happens after I submit my application online?

This will depend on the appointment type you’ve chosen:

 

Should you need to change your appointment later on, please call DBS BusinessCare at 1800 222 2200 / +65 6222 2200 from 8.30am to 8.30pm, Mon to Fri (excluding public holidays).

I am a social enterprise or a club/association/society. How do I apply for an account?

Please call DBS BusinessCare at 1800 222 2200 / +65 6222 2200 from 8.30am to 8.30pm, Mon to Fri (excluding public holidays) to book a branch appointment.

Questions? No worries.

DBS BusinessCare is just a call away.

1-800-222-22001-800-222-2200

No Minimum Balance Requirement

No Minimum Balance Requirement

Find out why DBS Digital Account is the most value for money business account in Singapore

Find Out More

How to choose the best SME account?

How to choose the best SME account?

Find out why we are voted to be the preferred account partner for SMEs

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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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