Apply online for DBS Business Account

NEW! Instant Account Opening* now available for Singapore incorporated companies.

Business Digital Account

All the basics for a new start up business

No min. balance
Initial deposit of $1,000
No fall-below fee
Free online banking & debit card
SGD only

$18 / month

Corporate
Multi-Currency Account

Everything you need for a growing business

$10,000 min. balance
Initial deposit of $3,000
$35 fall-below fee
Free online banking & debit card
13 currencies including SGD, USD, AUD

$40 / year

Fixed Deposit Account

Flexi tenures & higher returns

$5,000 min. deposit
Earn interest
Flexi tenures from 1 month to 1 year
11 currencies including SGD, USD, AUD
Asia's Safest Bank

No account fees

We suggest that you minimally provide your contact details on Step 1 then tap on “Save & Exit”. We will send you the link to your saved application via email and you can complete it on your desktop or tablet later.

By clicking on the “Open Account Instantly” button, you agree to the DBS Privacy Policy, Terms & Conditions Governing the Use of Online Application and Terms & Conditions Governing Accounts

Open Account Instantly

How does MyInfo Business works?

Every CorpPass user will be automatically included in the MyInfo Business data platform. With your consent, MyInfo Business supports the retrieval of both your corporate and personal data from participating agencies for more seamless online transactions.

Steps to use MyInfo Business

Select MyInfo Business in the first step of your application.
Log In via your CorpPass and provide your consent to use the retrieved data for your account opening application.
Forms will be pre-filled except for your account customization and contact details.
If your company is 100% owned by Singaporean Citizen/PR, you may be eligible for INSTANT account opening*

Account Comparison

	Business Digital Account	Multi-Currency Account
Price	S$18/month (save up to $$244 from fall below fees & account annual fee!)	S$40 / year
Minimum initial deposit	S$1,000	S$3,000
FEATURES
Minimum Balance	NIL	S$10,000
Fall-below fee	NIL	S$35
Currencies available	SGD only	SGD and 12 foreign currencies including USD, AUD
Internet & Mobile Banking (IDEAL™)	FREE	FREE
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	FREE	FREE
Cheque Book	S$25 / Book	FREE
Over The Counter (OTC) Transaction Fees	Pricing Guide + S$20 per txn^	Pricing Guide
MORE VALUE WITH DBS WHEN YOU TRANSACT ONLINE!
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

Instant Account Opening - for locally incorporated companies, owned by Singapore Citizen/PR, with not more than 3 account signatories

Step 1

No documents required!

Retrieve your company’s information using CorpPass & MyInfo Business, OR your Business Registration Number.
Authenticate your identity using SingPass & MyInfo OR your DBS/POSB iBanking/ATM card

Step 2

Account opened INSTANTLY.

You will receive an SMS with password to open your email containing your account details.

For Multiple Directors or Partners

Step 1

Apply online fuss-free!

Retrieve your company’s information using CorpPass & MyInfo Business, OR your Business Registration Number.

Step 2

Make an appointment

Make an appointment with a Relationship Manager OR Branch to skip the queue!
Relationship Manager calls you at your selected timing, OR Visit the branch at your preferred timing.

Step 3

Submit your documents

DBS courier picks up your documents OR you submit during your branch appointment.

Step 4

Account opened!

You will receive an SMS with password to open your email containing your account details.

Why Open An Account With Us

	New! Instant Account Opening* for companies with 3 or less account users and fully owned by Singapore Citizen/PR
	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!
	Lower rates on Accounting, Mobile plans and HR solutions.
	No annual fee and 0.3% cash rebate
	$0 cable charges when you transfer funds to your DBS Business Account in Mainland China, India, Hong Kong, Indonesia or Taiwan!
	DBS BusinessCare Dedicated, award-winning service with fast response and extended operating hours
	DBS BusinessClass Invitations to exclusive networking events with global industry players and disruptors

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:

This service is currently only applicable to Singapore registered companies fully owned by Singapore Citizens/PRs. The number of authorised signatories/directors/shareholders/partners must each not exceed 3.
The details of the company must be retrieved using MyInfo Business or Business Registration Number in the online application.
Accounts will be opened instantly for applications submitted between 6am – 11pm.
Applications made through this service are subject to approval by DBS Bank

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. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

FAQs

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.