Monday, August 20, 2012

Opening a Bank Account with DBS / POSB

Trying to open a bank account with DBS / POSB?
Source: http://www.dbs.com.sg/personal/deposit/esavingsplus/foreigners/default.page?


DBS eSavings Plus - S Pass and EP holders - Savings Account

Other than the usual stuff like daily interest (like how much?) and the 10,000,000 ATM machines island wide you can access with their ATM card. Here are the other T&Cs: 

Eligibility and Requirement
  • For individuals aged 16 years old and above
  • No initial deposit required
Fees
  • S$2 fall-below fee if the average daily balance falls below S$1,000
  • S$2 ATM withdrawal fee will apply if the customer makes more than 4 ATM cash withdrawals in the month
  • S$2 fee will apply for each cash withdrawal at any DBS/POSB branch for amount within your ATM cash withdrawal limit
  • S$20 early account closure fee if the account is closed within 6 months

DBS Savings Plus - For all foreigners

Eligibility and Requirement
  • For individuals aged 12 years old and above.
  • No initial deposit required.
Fees
  • S$2 fall-below fee if the average daily balance falls below S$5,000.
  • S$20 early account closure fee if the account is closed within 6 months.

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