SGD Current Account

Sole Proprietorship

You'll need to submit:

• Completed Corporate Account Application Form, signed by the sole proprietor
• Photocopy of IC/Passport of the sole proprietor and other signatories (if any)

A minimum deposit of SGD3,000 and a minimum monthly balance of SGD8,000 is required.

A charge is payable monthly if the average daily balance in the account falls below the minimum monthly balance of SGD8,000.

Useful forms:

• Corporate Account Application Form

Need help completing the Corporate Account Application form? Here's a sample of a completed form for your reference.

Please bear in mind:

1. Original documents should be produced to bank staff for verification. If not, the photocopy of the documents must be certified as true copy by the sole proprietor.
2. All signatures are to be verified by a DBS staff/Notary Public.
3. We may request that you provide additional documentation depending on the set up of the company.
4. Minimum deposit for account opening applies.

Partnership

You'll need to submit:

• Completed Corporate Account Application Form, signed by all partners
• Photocopy of IC/Passport of all the partners

A minimum deposit of SGD3,000 and a minimum monthly balance of SGD8,000 is required.

A charge is payable monthly if the average daily balance in the account falls below the minimum monthly balance of SGD8,000.

Useful forms:

• Corporate Account Application Form

Need help completing the Corporate Account Application form? Here's a sample of a completed form for your reference.

Please bear in mind:

1. Original documents should be produced to bank staff for verification. If not, the photocopy of the documents must be certified as true copy by a partner. In the case of passport/IC, the party certifying cannot be the IC holder himself/herself.
2. All signatures need to be verified by a DBS staff/Notary Public.
3. We may request that you provide additional documentation depending on the set up of the company.
4. Minimum deposit for account opening applies.

Private Limited Company (Incorporated in Singapore)

You'll need to submit:

• Completed Corporate Account Application Form, signed by authorised signatories as per the board resolution
• Board of Director's Resolution sanctioning the opening of the account and the signatories to the account
• Photocopy of Memorandum & Articles of Association
• Photocopy of IC/Passport of the following persons:
  • 2 directors
  • All authorised signers
  • Ultimate Beneficiary Owners (if beneficial owners' individual information is not reflected in ACRA)

A minimum deposit of SGD3,000 and a minimum monthly balance of SGD8,000 is required.

A charge is payable monthly if the average daily balance in the account falls below the minimum monthly balance of SGD8,000.

Useful forms:

• Corporate Account Application Form
• Board Resolution for Account Opening Form

Need help completing the Corporate Account Application form? Here's a sample of a completed form for your reference.

Please bear in mind:

1. Original documents should be produced to bank staff for verification. If not, the photocopy of the documents must be certified as true copy by a Director or Secretary. In the case of passport/IC, the party certifying cannot be the IC holder himself/ herself.
2. All signatures (including all authorised signatories and director's signature in the board resolution) are to be verified by a DBS staff/Notary Public.
3. We may request that you provide additional documentation depending on the set up of the company.
4. Minimum deposit for account opening applies.

Private Limited Company (Incorporated outside Singapore)

You'll need to submit:

• Completed Corporate Account Application Form, signed by authorised signatory with the highest limit
• Board of Director's Resolution sanctioning the opening of the account and the signatories to the account
• Photocopy of Certificate of Incorporation (or equivalent)
• Photocopy of Memorandum & Articles of Association (or equivalent)
• Photocopy of Register of Directors (or equivalent) - not required if Certificate of Incumbency is provided
• Proof of Beneficial Ownership:
  • Photocopy of Official Document from the Government/Registrar of Companies OR Photocopy of Certificate of Incumbency (must be less than 1 year old)
  • Photocopy of Register of Shareholders
  • Declaration of Beneficial Ownership along with IC/Passport of Beneficial Owner(s) (if required)
• Photocopy of IC/Passport of the following persons:
  • 2 directors
  • All authorised signers
• For companies incorporated in tax haven countries (e.g. Cayman Islands/BVI):
  • Photocopy of Certificate of Incumbency (Must be less than 1 year old)
• Letter of Recommendation from our overseas branch or a reputable bank

A minimum deposit of SGD3,000 and a minimum monthly balance of SGD8,000 is required.

A charge is payable monthly if the average daily balance in the account falls below the minimum monthly balance of SGD8,000.

Useful forms:

• Corporate Account Application Form
• Board Resolution for Account Opening Form
• Declaration of Beneficial Ownership Form

Need help completing the Corporate Account Application form? Here's a sample of a completed form for your reference.

Please bear in mind:

1. Original documents should be produced to bank staff for verification. If not, the photocopy of the documents must be certified as true copy by a Director or Secretary. In the case of passport/IC, the party certifying cannot be the IC holder himself/herself.
2. Kindly initial on every unsigned page of the account opening documentation.
3. All signatures (including all authorised signatories and director's signature in the board resolution) are to be verified by a DBS staff/Notary Public.
4. We may request that you provide additional documentation depending on the setup of the company.
5. Minimum deposit for account opening applies.

Clubs, Societies and Associations

You'll need to submit:

• Completed Corporate Account Application Form, signed by authorised signatories as per the board resolution
• Board of Director's Resolution sanctioning the opening of the account and the signatories to the account
• Photocopy of Certificate of Registration OR Photocopy of Publications of Notifications in the Government Gazette OR Photocopy of Letter from Registry of Society for application via ROS systems
• Photocopy of Memorandum & Articles of Association OR Constitution OR Bye-Law
• Extract of the Minutes of Meeting
• Photocopy of IC/Passport of the following persons:
  • 2 directors
  • All authorised signers

A minimum deposit of SGD3,000 and a minimum monthly balance of SGD8,000 is required.

A charge is payable monthly if the average daily balance in the account falls below the minimum monthly balance of SGD8,000.

Useful forms:

• Corporate Account Application Form
• Board Resolution (Clubs/Association/Societies) for Account Opening Form

Need help completing the Corporate Account Application form? Here's a sample of a completed form for your reference.

Please bear in mind:

1. Original documents should be produced to bank staff for verification. If not, the photocopy of the documents must be certified as true copy by a Director or Secretary. In the case of passport/IC, the party certifying cannot be the IC holder himself/ herself.
2. All signatures (including all authorised signatories and signatures on the board resolution) are to be verified by a DBS staff/Notary Public.
3. Minimum deposit for account opening applies.

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What our network offers you:

• Over 900 ATM Machines at 678 locations
• 127 Cash Acceptance Machines

Our ATM Cards are highly customisable.

• Standard Features:
  • Cash Deposit
  • Pin Change
• Optional Customisable Features:
  • Balance Enquiry
  • Cash Withdrawal
  • Funds Transfer
  • NETS
  • Transact at Branch Counters
  • Overseas Use (All ATMs with VISA Plus Network capabilities)
  • Cash Card Services (top up, refund, enquire/print statements)
  • ez-Link Card Top Up
  • Bill Payment

Useful Information

• Download Brochure (pdf)
• Corporate Current Account Pricing Guide (pdf)
• Foreign Currency Current Account - Transaction Codes
• Return Cheque Transaction Codes
• Terms and Conditions Governing Account (businesses / non- individuals)