Apply for a DBS business account through our simple online application.

Account Comparison


Business Digital Account

Multi-Currency Account


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

S$40 / year

Minimum initial deposit




Minimum Balance



Fall-below fee



Currencies available

SGD only

SGD and 12 foreign currencies including USD, AUD

Internet & Mobile Banking (IDEAL™)



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



Cheque Book

S$25 / Book


Over The Counter (OTC) Transaction Fees

Pricing Guide + S$20 per txn^

Pricing Guide


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

Why Open An Account With Us

1 Day Express

New! Instant Account Opening* for companies with 3 or less account users with DBS/POSB personal account – no signature or documents needed!


FREE access to DBS IDEAL™ to 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!

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

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.

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 who are existing DBS/POSB customers. The number of authorised signatories/directors/shareholders/partners must each not exceed 3.
  2. The details of the company must be retrieved from ACRA on step 2 of the 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


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.


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.

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