POSB

POSB Bank Account Opening

POSB Bank Account Opening, there are various channels which you may open a new account with us. The most convenient method would be via digibank Online or digibank Mobile.

New to Bank Customers

  • Online application
    • Choose an account from the table below and click Apply now.
    • If this is your first account with us, select I have none of the above and fill up your account application details.
      (Retrieve your details via MyInfo using your SingPass ID and Password for hassle free form filling.)
    • Documents Required for Account Opening Accounts
      (Click for more info) Description Application DBS Multi-Currency Autosave Account An all-in-one account to save and transact in SGD and foreign currencies. Applicable for Singaporeans and PRs. Apply Now
    • DBS Multiplier Account Earn up to 3.5% p.a. on your savings. No minimum salary credit. No minimum credit card spend. Plus, save and transact in SGD and foreign currencies in one account. Apply Now
    • eMySavings Account A special savings account that allows you to save monthly in a hassle-free way. Apply Now
    • POSB Everyday Savings Account A savings account designed for your everyday banking needs and comes with eStatements. Apply Now
    • POSB Current Account The POSB Current Account gives you the convenience of issuing cheques, while earning interest on your linked savings account, all at the same time. Apply Now
    • POSB SAYE Account Enjoy extra 2% p.a. interest when you credit your salary and have successful monthly saving with us. Apply Now
    • POSB Payroll Account A specially designed account for Work Permit worker to receive salary payment. Apply Now
  • Branch application
    • Locate a Branch by using our Locator.
    • Documents Required for Account Opening

Existing Customers

  • Online application
    • Choose an account from the table below and click Apply now.
    • Documents Required for Account Opening Accounts
      (Click for more info) Description Application DBS Multi-Currency Autosave Account An all-in-one account to save and transact in SGD and foreign currencies. Applicable for Singaporeans and PRs. Apply Now
    • DBS Multiplier Account Earn up to 3.5% p.a. on your savings. No minimum salary credit. No minimum credit card spend. Plus, save and transact in SGD and foreign currencies in one account. Apply Now
    • eMySavings Account A special savings account that allows you to save monthly in a hassle-free way. Apply Now
    • POSB eEveryday Savings Account A savings account designed for your everyday banking needs and comes with eStatements. Apply Now
    • POSB Current Account The POSB Current Account gives you the convenience of issuing cheques, while earning interest on your linked savings account, all at the same time. Apply Now
    • ePOSBkids Account
      Your child’s first savings account, earn daily interest and enjoy waiver of coin deposit fee* until your child turns 16 years old.

      *Waiver is limited to first 1000 pieces per calendar month at the coin deposit machine. Apply Now
    • POSB SAYE Account Enjoy extra 2% p.a. interest when you credit your salary and have successful monthly saving with us. Apply Now
    • Singapore Dollar Fixed Deposit Save a fixed amount for a fixed tenor at competitive interest rates with the Singapore Dollar Fixed Deposit. Apply Now
    • Foreign Currency Fixed Deposit Enjoy potentially better returns and the opportunity to grow your funds with Foreign Currency Fixed Deposit. Apply Now
    • Supplementary Retirement Scheme Supplementary Retirement Scheme (SRS) lets you save for your retirement and enjoys tax benefits. Apply Now
      Note:
    • Accounts will be opened instantly for applications submitted via digibank Online or digibank Mobile between Monday to Sundays (including Public Holidays), 0700 hr to 2230 hr.
      Submission cut off timing for last day of the month (including Public Holidays) is 0700 hr to 2000hr.
    • For applications submitted beyond the period stated via digibank Online or digibank Mobile will take 2 working days to complete.
    • Once your account is opened, you will receive a notification in the “Notifications” service on digibank Online. The account number will be stated in the notification.

Documents Required for Account Opening

For Online Account Application, you will need to upload photos or scanned copies of the required documents. For Branch Account Application, you will need to bring along the physical copy of the required documents.

Part of: Guides > Your Guide to digibank Online

Singaporean/Permanent Resident

  1. *Front & Back of NRIC (if applicable); and
  2. Latest copy (last 3 months) of any of the items below as Proof of Residential/Mailing Address (where applicable).
    • Local utility bill
    • Local telecommunication bill
    • Local bank statement/credit card statement
    • Letter issued by government of other public bodies regulated for AML practices in a FATF member country
    • Letter from regulated insurance companies in a FATF member country
    • Letter from school (restricted to official letters from educational institutions or schools under the purview of Council for Private Education or Ministry of Education)

Note:

  • *Application will be rejected, should the name and residential/mailing address (where applicable) on the document differ from that on your NRIC and Application Form.
  • For the proof of residential/mailing address (where applicable) document, please ensure the residential/mailing address (where applicable) and date of issued are visible on the photos/scanned copies.
  • For ePOSBkids Account Opening, please bring along your child’s original birth certificate, if your child is a Singaporean/PR; or your child’s original passport, if your child is a foreigner.

Foreigner (Working in Singapore)

  1. *Passport (biodata page); and
  2. *Employment pass; and
  3. Latest copy (last 3 months) of any of the items below as Proof of Residential/Mailing Address (where applicable).
    • In Principal Approval (IPA) issued by Ministry of Manpower
    • Work permit of foreign domestic worker (domestic helper) issued by Ministry of Manpower
    • Letter of offer
    • Letter of employment
    • Latest payslip
    • Local utility bill
    • Local telecommunication bill
    • Local bank statement/credit card statement
    • Letter issued by government of other public bodies regulated for AML practices in a FATF member country
    • Letter from regulated insurance companies in a FATF member country
    • Letter from school (restricted to official letters from educational institutions or schools under the purview of Council for Private Education or Ministry of Education)

Note:

  • *Applications will be rejected should the name and passport / employment pass number listed on your application form and on the document differ from that on your Passport and Employment pass and application form.
  • For the proof of residential/mailing address (where applicable) document, please ensure the residential/mailing address (where applicable) and date of issued are visible on the photos/scanned copies.
  • For ePOSBkids Account Opening, please bring along your child’s original birth certificate, if your child is a Singaporean/PR; or your child’s original passport, if your child is a foreigner.

Foreigner (Studying in Singapore)

  1. *Passport (biodata page); and
  2. Matriculation card / Student card (includes In-Principle Approval by ICA)

    Or

    Letter from school (restricted to official letters from educational institutions or schools under the purview of Council for Private Education or Ministry of Education); and
  3. Latest copy (last 3 months) of any of the items below as Proof of Residential/Mailing Address (where applicable).
    • Local utility bill
    • Local telecommunication bill
    • Local bank statement/credit card statement
    • Letter issued by government of other public bodies regulated for AML practices in a FATF member country
    • Letter from regulated insurance companies in a FATF member country
    • Letter from school (restricted to official letters from educational institutions or schools under the purview of Council for Private Education or Ministry of Education)

Note:

  • *Applications will be rejected should the name listed on the document differ from that on your Passport and Application Form.
  • For the proof of residential/mailing address (where applicable) document, please ensure the residential/mailing address (where applicable) and date of issued are visible on the photos/scanned copies.
  • For ePOSBkids Account Opening, please bring along your child’s original birth certificate, if your child is a Singaporean/PR; or your child’s original passport, if your child is a foreigner.