POSB Passbook Savings Account

Product Benefits | Eligibility and Requirement | Fees
How to Apply

The savings account for your daily basic banking needs. It operates with a passbook for easy tracking of all your transactions.

Fees

  • A $2 fall-below fee will apply if your average daily balance for the month falls below $500.
  • Enjoy a waiver of the $2 fall-below fee if you meet any of the following criteria:
    • below 21 years old
    • 62 years old and above
    • full-time National Service man (whose allowance/salary is credited to this account)
    • a recipient of the Ministry of Community Development and Sports' (MCDS) public assistance and special grant schemes.
  • Please refer to the Deposits Guide for the list of fees applicable.
Note:

Updating and Replacement of Passbook
To protect the banking information and interest of the account holder(s), we will only update or replace the passbook based on instruction from the account holder(s) or a party authorised in writing by the account holder(s).