Open A Personal Deposit Account Online Instantly with DBS

Get a personal deposit account instantly

At a Glance

Wide range of account options

Pick what's best for you based on your needs and preferences.

Manage finances from anywhere and at any time

Seamless access to your account with online and mobile banking.

Perks and rewards

Take advantage of the exclusive promotions and open your account today!

Features & Benefits of the Personal AccountsMy Account


Recommended for	Customers who want to transact in multiple currencies without maintaining a minimum balance.
How it works	You will not need to have an existing account to apply for My Account. With My Account, you can hold and convert up to 12 foreign currencies with no foreign exchange conversion fees.
Minimum Age	16 years old
Fees	No initial deposit and you will not need to maintain a minimum daily balance.

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eMySavings Account


Recommended for	Customers who desire higher interest rates by setting a fixed amount to be saved each month.
How it works	Set aside a monthly savings amount between S$50 to S$3,000 from your DBS/POSB Savings or Current account. This designated amount will be credited into your eMySavings account between the 1^st and 25^th of each month. Earn up to 0.25% p.a. interest on your monthly savings amount. You can amend the monthly savings amount and debiting date via digibank.
Minimum Age	16 years old
Fees	No initial deposit and you will not need to maintain a minimum daily balance.

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Multiplier Account


Recommended for	Customers who desire higher interest rates and the ability to use multiple currencies.
How it works	You will not need to have an existing account to apply for the Multiplier Account. Earn up to 4.1% p.a. on your savings. Access 13 currencies instantly with digibank at attractive exchange rate with no FX conversion fees.
Minimum Age	18 years old
Fees	No initial deposit S$5 monthly fee for balances below S$3,000 on average per day.

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SAYE (Save As You Earn) Account


Recommended for	Customers who credit their salary into a DBS/POSB Savings or Current account and desire to earn additional interest.
How it works	You must have an existing DBS/POSB Savings or Current Account as your salary crediting account. Salary must be credited via GIRO, with transaction reference codes ‘SAL’ or ‘PAY’. Set aside a monthly savings amount between S$50 to S$3,000 from your DBS/POSB Savings or Current account. This designated amount will be credited into your SAYE account between the 1^st and 25^th of each month. For the first 2 years, earn an additional 3.5% p.a. interest on top of the base interest on your monthly savings amount. You can amend the monthly savings amount and debiting date via digibank.
Minimum Age	16 years old
Fees	No initial deposit and you will not need to maintain a minimum daily balance.

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Documents Required for Account OpeningRefer to the documents required for account opening before you proceed

Apply for your account instantly on digibank appIf you are a new DBS/POSB customer, you will only be able to open My Account and Multiplier Account via the digibank app. Singaporeans, Permanent Residents, and Foreigners (EP/SP/DP /Long Term Visit Pass/Student Pass) can open a personal account instantly with Singpass.Download digibank app

Download digibank app

Your Singpass should be ready to use once your Personal details are displayed in your Singpass mobile app.

Pro tip: Select Face Verification for instant registration.

For foreigners: Have your FIN number and Singapore (+65) mobile number ready.

Unable to apply for Singpass

Select “CONTINUE WITHOUT SINGPASS” option and upload the supporting documents.

To apply for a personal eMySavings and SAYE account, you must have an existing DBS/POSB Savings or Current Account.

Use the DBS Visa Debit Card for your transactionsWhen you open a personal account, you can opt for a DBS Visa Debit Card. Remember to activate your card before using it for payments, withdrawals, and transfers.