Arguably Singapore’s biggest bank, DBS offers a wide selection of personal and commercial account options. Opening a bank account with DBS makes financial sense because they have more than 150 branches in Singapore.
To meet your specific financial needs and lifestyle, DBS provides a wide range of account kinds. DBS has you covered whether you want to save for a rainy day, a major purchase, or retirement.
Everything you need to know about opening a bank account in Singapore, including the documents required, is detailed in this article.
Eligibility Criteria for Opening a DBS Bank Account
To be able to open a bank account at DBS you must meet the following requirements:
- You must be 18 years or older.
- Also make sure you are a resident of Singapore or planning to become one i.e. with documents to prove it especially if you are not a citizen.
- Deposit SGD 3,000 minimum into your account.
- If you are a foreigner you must have a local proof of ID and physical address.
- Having a valid pass (e.g., employment/study pass) is also a very huge requirement.
- Prepare your Singapore (+65) cellphone number and your FIN number.
Ways to Open a DBS Bank Account
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Online Account Opening Process
- For immediate savings account opening, go to the digibank website or download the mobile app.
- Now get ready with your PAN card, proof of address, and other paperwork.
- Make certain that Video-KYC has a stable internet connection. For verification, finish the video KYC.
- After the account is opened, get your debit card and account startup package.
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In-Person Account Opening at Branches
- You are required to go to the DBS Bank branch in Singapore that is closest to you.
- After that, let the branch’s teller know that you want to create an account with them.
- And then, you have to complete the application for starting an account. (The documents in the eligibility criteria)
- All you need to do now is select the kind of savings account, enter your Aadhar card, self-attested PAN, and basic facts.
- That’s all; all you need to do now is send in all the necessary paperwork.
