iBanking Privileges

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Rated the Best Consumer Internet Bank by Global Finance for 2007 & 2008, POSB iBanking provides you total convenience to enjoy the freedom of banking on-the-go with over 85 banking services online! Check out the privileges offered to our iBanking customers!

Perks

Bank online and win up to S$3,000 in shopping vouchers!

Sign up for iBanking and mBanking and stand a chance to win every week. Earn more chances whenever you access selected online banking services from your home or mobile phone.

With more than 85 banking services and one of the largest bill payment networks, banking has never been so easy. Hurry! Promotion ends on 30 June 2012.

New iBanking sign up 10 chances
Download & Login to mBanking 5 chances
Make any of these transactions:
  • Sign-up eStatement
  • Fund Transfer
  • Bill Payment
  • Remittance
  • Add Giro Arrangement
1 chance

The above is subject to a maximum of 20 chances a week.

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View up to 36 months of your accumulated past statements via iBanking!

Start paperless banking with eStatements now! The fast and easy way to access your statements for Cards, Cashline and Deposit accounts anytime, anywhere via iBanking. Now you can enjoy the convenience of viewing up to 36 months of your accumulated past statements*.

What's more, this service is offered to you free of charge!

All you need to do is sign up for iBanking and provide an email address and you can start viewing your eStatements!

* From November 2010 or from date of enrolment, whichever is later.

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Preferential Rates

Banking Services POSB iBanking
DBS/POSB Branches Other Banks1
Send Cheque FREE N.A N.A
Cashier's order FREE S$5 Ranging from S$5 to S$10
Standing instructions FREE S$10 From S$10 onwards
Demand Draft Min S$5 or 1/8% of S$ equivalent of remittance amount. Max S$120. Min S$10 or 1/8% of S$ equivalent of remittance amount2. Max S$120. Min S$20 or 1/8% of S$ equivalent of remittance amount. Max S$200.
Remittance (Outward Telegraphic Transfer) $5 handling commission for amounts below S$5,000 Min from S$10 or 1/8% of S$ equivalent of remittance amount3. Max S$120. Min from S$20 or 1/8% of S$ equivalent of remittance amount. Max S$200.

1 Comparision based on other major local banks' rates. Information correct as at 03 Apr 2012.
2 Excluding postage charges of $2.50 (for local delivery) or $4 (for overseas addresses).
3 Cable/Telex charges apply.


Banking Services DBS Vickers Online
(via iBanking)
Other Brokerages
Trading Real-time cash top-up from DBS/POSB bank accounts to DBS Vickers online trading account for cash upfront trading No real-time linkage between bank account and trading account to facilitate cash upfront trading
0.18% or minimum S$181 Average of 0.275%2 or minimum S$25

1 For all cash upfront trades (Singapore market only).
2 For online cash trades in Singapore market by other major local brokerages. Information correct as at 03 Apr 2012.


Money Safe guarantee

As the bank that cares, we know that security is very important to you when you bank online. POSB iBanking guarantees your money is secure when you bank online. In the unlikely event that there is an unauthorized transaction when you bank online, we will repay you so you incur no loss.
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