The services provided by DBS Bank include trade services, small business banking solutions, credit and debit cards, private and investment banking, corporate and institutional financing, and services related to accounts and deposits.
Innovative digital banking services and a customer-centric approach are well-known in Singapore. Industry insiders and groups have publicly acknowledged the bank’s dedication to providing value to clients while promoting good change.
So owning a DBS Bank Account comes with many great benefits.
If you want to open an account you can look at How to Open DBS Bank Account
Financially speaking, opening an account with DBS makes sense because they have more than 150 branches around Singapore.
There are several great advantages to having a bank account with DBS, starting with the DBS My Account. There are no age or minimum requirement restrictions. Here you can see the DBS Bank Account Types And Benefits
For a lot of folks who are just starting to own a bank account, this is actually one of the greatest.
Documents Needed To Open DBS Bank Account
Singaporeans/ Permanent Residents Using Singpass
You will need:
- Evidence of Residential Address, if the provided address is different from MyInfo
- Evidence of Tax Residency (if Singapore is not the reported tax residency)
- Ownership evidence for the mobile device (optional, only if the registered phone is a recycled number)
For Singaporeans/ Permanent Residents Not Using Singpass
You will need the following documents
- A Proof of Residence Verified by Singaporean Identity Card
- Any Evidence of Tax residency
- Evidence of Mobile Ownership (optional; only required if the registered mobile number is a recycled one)
Foreigners Using Singpass
You will need:
- Malaysian ID or a passport (for other nationals)
- Evidence of Residential Address (if the address you provided is different from the ones shown on MyInfo)
- Verification of Tax Residence
- Ownership evidence for the mobile device (optional, only if the registered phone is a recycled number)
For Foreigners Not Using Singpass
You will need:
- Evidence of Residential Address, if the provided address is different from MyInfo
- Malaysian ID or a passport (for other nationals)
- Evidence of Tax Residency (if Singapore is not the reported tax residency)
- Ownership evidence for the mobile device (optional, only if the registered phone is a recycled number)
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.