Opening a bank account with DBS Bank in Singapore is a straightforward process that caters to both residents and expatriates. With a range of account options and a seamless application process, DBS makes banking easy and accessible. This guide will walk you through the steps to get started.
Step 1: Choose Your Account Type
DBS Bank offers various account types to suit different needs, including the DBS Multiplier Account, DBS Savings Plus, and DBS My Account. First, decide which account best meets your needs by exploring the options on the DBS website.
Step 2: Prepare Your Documents
Ensure you have the necessary documents ready. The requirements may vary slightly depending on whether you are a Singaporean, Permanent Resident, or a foreigner. Generally, you’ll need:
- For Singapore Citizens and PRs:
- NRIC
- Proof of residential address (if different from NRIC)
- For Foreigners:
- Passport
- Employment Pass or Student Pass
- Proof of residential address in Singapore
- Initial deposit (amount varies by account type)
Step 3: Apply Online or Visit a Branch
You can apply for an account either online or by visiting a DBS branch.
To apply online:
- Visit the DBS account application page at DBS Online Account Opening.
- Select the account you wish to open.
- Fill out the required information, upload the necessary documents, and submit your application.
To apply in person:
- Visit the nearest DBS branch with your prepared documents.
- A customer service officer will assist you in filling out the application form and opening your account.
- You may be asked to make an initial deposit during the visit.
Step 4: Complete the Verification Process
After submitting your application, DBS will process your information. You may receive a confirmation email or a call if additional information is required.
Step 5: Receive Your Account Details
Once your account is successfully opened, you will receive your account details, including your new account number, and debit/ATM card by mail or pick-up from the branch, depending on your choice.
Step 6: Set Up Internet and Mobile Banking
To manage your account easily, set up your DBS iBanking and download the DBS digibank app. This will allow you to perform transactions, check balances, and manage your finances on the go.
For more information or to start your application, please visit the DBS account application page at DBS – Open a new bank account.
