Who they are
DBS Bank stands for The Development Bank of Singapore. With its headquarters located in Singapore, DBS made its presence felt by opening branches in China, Southeast Asia and South Asia. To date, DBS is the largest bank in Southeast Asia with over 100 branches.
Main Corporate Services
You can open a DBS Business Account in 5 minutes. Check out the DBS Business Accounts below:
|Digital Business Account||Corporate Multi-Currency Account||Fixed Deposit Account|
|Minimum Balance||None||$10,000||$5,000 minimum deposit|
|Initial Deposit||$1,000||$3,000||Earn interest|
|Fall-Off Below Fee||None||$35||Flexi tenures from 1 month to 1year|
|Currency||SGD Only||13 currencies including SGD, USD and AUD||11 currencies including SGD, USD and AUD|
|Account Fee||$18/month||$40/year||No account fees|
Now that you have all the information regarding their products. You are now ready to open an account. Listed below is the process.
|Single Directors or Sole Proprietors with DSB/ POSB Personal Account||Multiple Directors or Partners|
|Apply online in 5 minutes.||Apply online in 5 minutes.|
|No document needed||What you need!|
|What you need!||ACRA Business Registration No.|
|ACRA Business Registration No.||Contact Details of Account Users|
|Personal DSB/POSB iBanking Login or||DBS Relationship Manager calls to verify identity|
|Debit/ATM Card and Pin details||DBS Courier picks up your documents|
DBS Bank Summary Review
Opening a business account can be a hassle at times. DBS Bank changed the scenario a bit by opening an account without going through the traditional process. In fact, opening a business account with them can take you less than an hour- – 5 minutes to be exact, which is really impressive. Everything just with a few clicks! Not bad for a bank with over four million customers and 280 branches across Asia. They do not just address business accounts, but also cater to personal banking with POSB Bank under their helm. They also have wealth management plans, SME Banking and DBS Vickers Securities.
Find out more about their updated pricing below
If you have had an experience with them, please let us know by leaving a comment on this page.