- Bank
- Accounts
- For Foreigners
- At a Glance
- Promotions
- Working in Singapore
- Studying in Singapore
- Apply now
- Documents Required
- Frequently Asked Questions
- Additional Assistance
At a Glance
- At a Glance
- Promotions
- Working in Singapore
- Studying in Singapore
- Apply now
- Documents Required
- Frequently Asked Questions
- Additional Assistance
At a Glance
Get more from Singapore’s biggest bank.
Enjoy deals and cashback, gain from your savings and investments. Plus islandwide access to ATMs and branches.
All your banking and daily needs in two apps.
From sending money abroad and paying bills, to getting lunch, rides, movies and more – do it all with digibank and PayLah! apps.
Apply on your phone 24/7. No queues, no fees.
Open your account1 with just a few quick taps on digibank app, anytime, anywhere.
1New accounts can only be opened via digibank app
Apply now
Promotions
Start with S$688 from POSB
A savings account with no fees, no minimum balances, plus a free debit card.
Pick a bundle with other personal accounts like POSB Multiplier.
| |
| POSB My Account No fees, no minimum balance. - All-in-one account to save, spend, pay bills, and more
- Store up to 13 currencies. No FX conversion fees
- No initial deposit, minimum balance or service fees
Find out more here. |
| POSB Multiplier Up to 4.1% p.a. on your savings. - Earn bonus interest when you bank, spend, protect and invest with us.
- No minimum amount to unlock bonus interest
- Earn on up to S$100,000 of your savings
See how to multiply your savings. |
| DBS Visa Debit Card Up to 5% cashback. Comes free with any DBS account. - Up to 4% cashback on online food delivery, local transport and foreign currency
- Up to 5% cashback on your overseas spending
- Tap for public transport in Singapore
Your card will be mailed to you in 3 to 5 business days after approval.
Meanwhile, do check out more perks. |
Other products you may find useful
| |
| DBS PayLah! App Earn cashback when you go cashless. - Get rides, book movie tickets, order food, pay bills and more
- Scan to pay in Singapore and abroad
- Collect stamps to earn cashback
It’s one app for your daily needs. Check it out! |
| DBS Remit S$0 transfer fees. - Send money instantly in a few taps
- $0 transfer fees and competitive rates
- Secure same-day overseas transfers at $0 fees when you transfer money online to over 50+ destinations, including China, India, Malaysia, Philippines and more!
Find out more. |
Whatever your lifestyle needs, enjoy more rewards with a DBS Credit or Debit Card. Find out morehere.
Get all the basics to get you started, including a free debit card, cashless payments and more.
| |
| POSB My Account No fees, no minimum balance. - All-in-one account to save, spend, pay bills, and more
- Store up to 13 currencies. No FX conversion fees
- No initial deposit, minimum balance or service fees
Find out more here. |
| DBS Visa Debit Card Up to 5% cashback. Comes free with any DBS account. - Up to 4% cashback on online food delivery, local transport and foreign currency
- Up to 5% cashback on your overseas spending
- Tap for public transport in Singapore
Your card will be mailed to you in 3 to 5 business days after approval.
Meanwhile, do check out more perks. |
| DBS PayLah! App Earn cashback when you go cashless. - Get rides, book movie tickets, order food, pay bills and more
- Scan to pay in Singapore and abroad
- Collect stamps to earn cashback
It’s one app for your daily needs. Check it out! |
Forget standing in line. Open your account on the digibank app, safely and quickly. All you need is Singpass, the trusted and secure digital identity for Singapore residents.
Download digibank app
Download digibank app
Apply on digibank using Singpass to enjoy:
Instant approval
Pre-filled forms
Less documents to upload
Register for Singpass in an instant!
Pro tip #1: Select Face Verification for instant registration.
Pro tip #2: Have your FIN number and Singapore (+65) mobile number ready.
How to apply:
| Apply using Singpass | Apply without Singpass |
- Download digibank
- Select ‘Continue with Singpass’
Follow the steps on the app.
Your details are pre-filled.
- Pick a Starter Bundle
Enjoy high interest savings and your choice of cards with a bundle that’s right for you.
- You’re done!
You can start using your account right away. Note:
If you are not using your address from Myinfo, proof of residential address is required.
If declaring tax residency other than Singapore or home country, proof of tax residency is required. | - Download digibank
- Enter your details
Please ensure your information is accurate as per your documents
- Upload supporting documents
- Identification
-Malaysian IC, or
-Passport biodata page (for other nationalities)
- Valid Pass
-Employment Pass, S-Pass, Student Pass; or
-In-Principle Approval from MOM or ICA
- Proof of residential address
- Proof of tax residency
- Pick a Starter Bundle
Enjoy high interest savings and your choice of cards with a bundle that’s right for you.
- Get approval in 3 to 5 working days
We will send an email once it’s approved. |
Watch our step by step guide on how to setup a DBS/POSB account with Singpass
Download POSB digibank app
Download digibank app
Documents Required for Account Opening
Before you apply, check the list of documents required.
Frequently Asked Questions
How can I register for a Singpass account?
You may refer to detailed instruction guide on Singpass website here, or find out more from their FAQs here.
What is the benefit of completing all my personal info on Singpass?
This will allow us to pull all your personal details from Singpass and fill in our application forms without the need to manually fill them in yourself. You may find out more here.
I have just registered for a Singpass account. When can I start using it to register for an account on digibank mobile?
Your Singpass/MyInfo profile should be up and ready to use the next day for new account application on your digibank app.
Additional Assistance
Simply drop us a note here and our service team will contact you at your preferred date and time.
Thank you. Your feedback will help us serve you better.
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FAQs
Process of opening a Singapore bank account
To open a Singapore bank account with OCBC, you can follow these steps: Download the OCBC Digital app. Tap on "Sign up" and select "Foreigner with e-passport." Prepare your e-passport and ID card for identity verification.
How to open bank account online in Singapore for foreigners? ›
Process of opening a Singapore bank account
To open a Singapore bank account with OCBC, you can follow these steps: Download the OCBC Digital app. Tap on "Sign up" and select "Foreigner with e-passport." Prepare your e-passport and ID card for identity verification.
Can foreigners open DBS account in Singapore? ›
Remote Account Opening Process
Simply download the app and follow its instructions for completing an application. Before this process can be finished, make sure to have a valid passport, proof of address, and employment pass ready for submission, as these documents are mandatory requirements by DBS Bank.
Can you open POSB bank account online? ›
You can open your personal My Account and Multiplier Account directly on DBS or POSB digibank mobile. Before you apply, do prepare the required documents using our checklist.
Can foreigners open an UOB bank account in Singapore? ›
Singapore has several banks that are known to be foreigner-friendly, offering services tailored to the needs of expats and non-residents. This includes DBS, UOB and OCBC, to name a few.
Can foreigners open a bank account in Singapore without an employment pass online? ›
Requirements to open a bank account in Singapore as a foreigner. Foreigners must provide their passport, Employment or Student Pass, and sometimes proof of address. Some banks might also require a secondary government-issued ID or a referral letter from a previous bank.
Which bank account is best for foreigners in Singapore? ›
Best Local Banks in Singapore
- DBS (Development Bank of Singapore) With 50+ years of heritage behind them and S$ 646 billion in total assets, DBS is easily one of Singapore's largest and most recognizable banks. ...
- OCBC (Overseas-Chinese Banking Corporation) ...
- UOB (United Overseas Bank) ...
- MayBank.
DBS and POSB are essentially the same bank, with DBS acquiring POSB back in 1998 but keeping it as a separate entity. Both banks offer similar banking services and products, including a strong digital banking experience and a wide range of account types and features.
Can foreigners open a CIMB account in Singapore? ›
For Foreigners : Photocopy of passport, work permit/employment pass (front and back) and proof of residential address. 2. Initial Deposit : First Party Cheque - A personal cheque drawn on the applicant's account with another bank in Singapore, made payable to his or her name.
Can I open a bank account online without going to the bank? ›
With the power of technology, opening a checking account online can now happen from the comfort of your own home. Another plus? It can save you a trip to the bank. Here's how you can open a checking account online so you can start managing your available funds.
digibank Online
- Step 1: Enter your Identity Number and Date of Birth.
- Step 2: Select your authentication option.
- Step 3: Enter your User ID and PIN and contact details.
- Step 4: Review and Confirm your details. Yes! You have completed your registration.
POSB Account
| Account Type | Minimum Average Daily Balance (MADB) | Service Charge |
|---|
| POSB eSavings Account POSB Everyday/eEveryday Savings Account POSB Passbook Savings Account | S$500 | S$2.00 per month |
| POSB Current/eCurrent Account | S$1,500 (Maintained in linked POSB Savings Account) | S$2.00 per month |
Apply online. Yes, it is true, you can open a Savings Account All you really need is your mobile number, to initiate the process. In fact, the procedure does not vary much. You simply upload your form and documents online, instead of going to the bank yourself.
Can a US citizen open a bank account in Singapore? ›
Yes, as a non-resident, you can open a bank account in Singapore by visiting the bank in person and providing the required documents, such as a valid passport or an identity card. Different banks have their own eligibility rules, so it's important to research your options based on your situation.
Can I keep my bank account if I leave Singapore? ›
Yes, you can keep your bank account if you leave Singapore and no longer are a resident of Singapore. Do update your personal details and contact information via the DBS or POSB ibanking portal, digibank, or visit a DBS or POSB branch near you in person.
How to open HSBC account for foreigners in Singapore? ›
Verify your identity
Take a photo of your ID and a selfie for HSBC EasyID. If you hold a valid FIN and reside in Singapore, you'll need to upload your passport copy and proof of address.
How much money do I need to open a bank account in Singapore? ›
Very often, you'll need to meet a minimum deposit requirement, which is normally between S$1,000 and S$3,000. Most banks also have a minimum in-credit balance requirement, and you'll be charged a fee if your balance falls below it.
Can you open a bank account online from overseas? ›
Is it possible to open a US bank account online as a non-resident? No. Most big traditional US banks will require non-residents to apply for an account in person.
Can I open a US bank account from Singapore? ›
Physical presence requirements
Most financial institutions require non-residents to visit the bank branch in person before opening an account. Although you can begin the application process from Singapore, you'll have to make a trip to the US to submit your documents and verify your identity.
Can I open Singapore Maybank account online? ›
Visit Maybank2u SG website (www.maybank2u.com.sg) and select Open an Account. Select Discover under Personal Accounts. Browse through the Savings Accounts available and click Apply Now when you are ready.
