Apply online for DBS Business Account

NEW! Instant Account Opening* now available for Singapore incorporated companies.

We suggest that you minimally provide your contact details on Step 1 then tap on “Save & Exit”. We will send you the link to your saved application via email and you can complete it on your desktop or tablet later.


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

How does MyInfo Business works?

Every CorpPass user will be automatically included in the MyInfo Business data platform. With your consent, MyInfo Business supports the retrieval of both your corporate and personal data from participating agencies for more seamless online transactions.

Steps to use MyInfo Business

  1. Select MyInfo Business in the first step of your application.
  2. Log In via your CorpPass and provide your consent to use the retrieved data for your account opening application.
  3. Forms will be pre-filled except for your account customization and contact details.
  4. If your company is 100% owned by Singaporean Citizen/PR, you may be eligible for INSTANT account opening*

Account Comparison

 

Business Digital Account

Multi-Currency Account

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

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 pricing guide for outgoing transaction (FAST & GIRO).

Internet Banking Security Device

Unlimited FREE

Unlimited 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$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 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.

Account Opening Process

Step 1
 

No documents required!

  1. Retrieve your company’s information using CorpPass & MyInfo Business, OR your Business Registration Number.
  2. Authenticate your identity using SingPass & MyInfo OR your DBS/POSB iBanking/ATM card
Step 2
 

Account opened INSTANTLY.

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

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

  1. Make an appointment with a Relationship Manager OR Branch to skip the queue!
  2. Relationship Manager calls you at your selected timing, OR Visit the branch at your preferred timing.
Step 3
 

Submit your documents

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

Step 4
 

Account opened!

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


Why Open An Account With Us

1 Day Express

New! Instant Account Opening* for companies with 3 or less account users and fully owned by Singapore Citizen/PR

DBS IDEAL™

FREE access to DBS IDEAL™ to transact online and via mobile app, Free Digital Token in smartphone, Free eAlerts

DBS IDEAL™

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

Special privileges

Lower rates on Accounting, Mobile plans and HR solutions. Plus waiver of one-time setup fee (worth up to S$800) for credit card acceptance service.

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 Mainland 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

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:

  1. 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.
  2. The details of the company must be retrieved using MyInfo Business or Business Registration Number in the online application.
  3. Accounts will be opened instantly for applications submitted between 6am – 11pm.
  4. Applications made through this service are subject to approval by DBS Bank

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?

No documents are needed for applicants who meet our 1-Day Express 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.

Questions? No worries.

DBS BusinessCare is just a call away.

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

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

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.

Download form