POSB Savings Account, Opening a bank account should be simple, fast and convenient, without having to visit the Branch.
Have an existing Savings or Current account?
Simply log in with your ATM/Debit Card & PIN or digibank (Online/Mobile), and apply online instantly
Do not have an existing Savings or Current account?
Open online now and there will be no minimum average daily balance required!
For Singaporeans/Singapore PRs
Get instant approval and access to your new account with MyInfo – no paperwork and document upload required.
For Other Nationality
Simply complete the online application, upload the required documents and we will take care of the rest.
Once your application has been successfully processed, the debit card will be mailed to you.
Use the debit card number to activate both your new account and card at the same time.
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Accounts available for you:
POSB Everyday Savings Account
POSB Everyday Savings Account
A savings account designed for your everyday banking needs and comes with eStatements.
POSB SAYE Account
Enjoy higher interest when you credit your salary, and enjoy successful monthly savings with us.
If you do not have a Savings Account with us, it will be automatically opened for you.
POSB eMySavings Account
An automatic monthly Savings Account with special interest rates – giving you flexibility and control.
If you do not have a Savings Account with us, it will be automatically opened for you.
Multiplier Programme
Every relationship should be this rewarding. Enjoy higher interest of up to 2.68% p.a. with us.
Update of Multiplier Terms WEF: 1 Nov 2017. Click here to find out more.
DBS eMulti-Currency Autosave (eMCA)
An All-in-One account that lets you save and transact, with 12 foreign currency types and the Singapore Dollar.
To enjoy the convenience of iBanking and eStatement. Apply for eMulti-Currency Autosave Account.
To enjoy the convenience of iBanking, eStatement with cheque facilities, apply for eMulti-Currency Autosave Plus Account.
POSB Current Account
Issue cheques conveniently while earning interest on your linked POSB Savings Account.
If you do not have a savings account with us, it will be automatically opened for you.
Online Banking Services
- Transfer money and pay bills
- View online statements
- Activate cards
- GIRO/Standing Instructions Application
Note:
You are required to update your signature for your
newly-opened account at any DBS/POSB branches before submitting any
physical GIRO/Standing Instruction application form.
Features & Benefits
- Earn daily interest, credited at the end of every month.
- Earn cashback on your DBS or POSB Debit Card.
- Monthly estatements are easily accessible via our secure iBanking portal, choice of paper statements is also available.
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Eligibility & Fees
Eligibility
- Applicants must be at least 16 years old to open this account.
(Applicants below 18 years old must have a valid iBanking login or ATM/Debit Card to apply online) - No initial deposit is required.
Fees
- A monthly S$2 fall-below fee apply, if your average daily balance for the month falls below S$500
- Enjoy waiver on fall-below fee if you meet any of the following criteria:
- This is your first account with us and it is opened online.
- You are below 21 years old.
- You are 60 years old and above.
- You are a full-time National Service man (whose allowance /salary is credited to this account).
- You are a recipient of public assistance.
Documents Required at Branch
Singapore citizens and permanent residents
- Original Singapore NRIC