DBS Bank

Customize the dashboard around the balances and recent activity you use most. Payment tools cover recipients, recurring instructions and limits; statements provide the fuller account record. SilverSmart Mode adds larger controls and shortcuts for everyday tasks.

DBS and POSB versions provide the same digibank service. Choose one app on one phone: switching apps or devices requires setting up the digital token again. Mobile and browser access use the same credentials.

My Account costs

My Account holds Singapore dollars and 12 foreign currencies. It has no initial deposit, minimum balance or service charge. Electronic statements are free; paper statements cost S$2 monthly, waived for customers aged 16 and under.

Foreign-currency cash services can still cost money. For example, depositing or withdrawing US-dollar notes against a US-dollar balance attracts a 1.5% commission, with a S$10 minimum. Converting between currencies uses the bank’s exchange rates.

Opening your first account

Applicants aged 16 or over can start in the app with Sign up for digibank, then I'm New to DBS/POSB. Singpass can fill in personal details; a manual application is also available. You need a valid phone number, email and residential address, with supporting documents where required.

Complete employment and tax-residency details, choose an account bundle, set the card name and PIN, and review the application before confirming it. Applications needing documents are processed after the bank receives a complete submission, and it may request more information or a branch visit.