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	DBS Singapore > POSB > Deposit Accounts > POSB Passbook Savings

This account operates with a passbook.

Benefits


•	Attractive interest: You earn daily interest on the full balance in your account.

•	Card convenience: A POSB Passbook Savings Account comes with a POSB ATM Card that's activated instantly. In Singapore, the POSB ATM Card lets you access over 800 DBS/POSB ATMs and get rewarded with exciting On The Spot discounts and privileges. Overseas, it lets you pay for your PIN-based purchases at over 10 million Maestro retail outlets worldwide.

•	Self-service banking facilities: Save time and do your banking at our ATMs, Cash Deposit Machines and Quick Cheque Deposit Boxes or via our Phone Banking and Internet Banking services.

Fees

•	S$2 fall-below fee if the average daily balance falls below S$500.
•	Pricing Guide

Requirements

•	You must be at least 5-years-old. If you are below 5-years-old, you may open a trust POSB Passbook Savings Account with your parent/legal guardian who is at least 21-years-old.
•	The minimum initial deposit is S$500.

Apply Now

•	Visit any POSB branch today with your identity card/passport to open a POSB Passbook Savings Account. For foreigners, please bring along your identity card/passport and employment pass issued by the Immigration Department.

POSB ATM Card	Terms and Conditions Governing Accounts

Tax Exemption on Interest Income	Transaction Codes