Who they are
Headquartered in Singapore, DBS is one of the top financial service companies in all of Asia. With branches in China, Southeast Asia and South Asia, DBS continues to expand on the 250 existing branches. Since its founding in 1968, DBS has strived to make banking simpler for its customers. DBS encourages customers to bring their dreams to life by maintaining an innovative and progressive atmosphere within its business. By curating a service that is fit to support any venture, DBS has become a company that promises members to “Live more, Bank less”.
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||S$10,000||$5,000 minimum deposit|
|Initial Deposit||S$1,000||$3,000||Earn interest|
|Fall-Off Below Fee||None||$35||Flexi tenures from 1 month to 1 year|
|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|
For more account information click here. 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 changed the scenario 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. Accomplish everything with just a few clicks! (Not bad for a bank with over four million customers and over 250 branches across Asia) DBS does not just address business accounts, but it also caters to personal banking with POSB Bank within its operation. It also provides wealth management plans, SME Banking, and DBS Vickers Securities.
If you have had an experience with them, please let us know by leaving a comment on this page.