Need Help - Wealth Management Account Application

DBS Wealth Management Account

This service allows existing DBS Treasures customers to trade online in 7 markets at competitive rates.

When you open a DBS Wealth Management Account, it comes with a Multi-Currency Settlement Account that allows you to better manage your foreign exchange exposure as you trade in different markets by allowing:

Easy conversion of currencies – to take advantage of any foreign exchange movement
Withdrawal in foreign currencies without further foreign exchange conversions
Foreign currency funds to be credited directly into your account
Online Equity Trading

Features

You can choose to apply for the DBS Wealth Management Account online and you will receive a notification in your "Notifications" on iBanking once the account has been successfully opened. Your account number will be stated in the notification.
To open your DBS Wealth Management Account online:

Input your account details
Confirm and submit your account details
Completion of Account Opening

Account opening requirements:

You must be at least 21 years old
You must be an existing DBS iBanking Customer
You must be a DBS Treasures Customer
You must not be a U.S. citizen* (submission of Form W8-Ben is mandatory)
You must have an existing personal DBS or POSB Savings or Current Account

* Please be advised that we are not allowed to have a trading relationship in US securities with you if you are a US or Canadian resident due to US tax reporting requirements, or if you are an Australian resident who does not meet the Australian Securities Commission wholesale requirement.

The DBS Wealth Management Account through iBanking is only available for individuals. If you wish to open a Joint DBS Wealth Management Account, please contact your Relationship Manager or contact us at our DBS Wealth Management Hotline for more information at 1800 221 1111 (Singapore) or (65) 6221 1111 (overseas).

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Minimum Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.