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DBS Entrepreneur's Account for Start-ups |
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Give your business the head-start to success
When you open a DBS Entrepreneur’s Account for Start-ups with the bank that knows Asia best, you begin a partnership centered on growth and trust. We’re more than just a business transaction – we’re invested in your growth and dedicated to taking your business to the next level.
Sign up for a DBS Entrepreneur’s Account for Start-ups and save more with virtually free banking services and fee waivers.
- Minimum Initial Deposit of $500
- Waiver of Fall-below Fee for 6 months. Thereafter $15 per month if minimum average daily balance falls below $10,000.
- Waiver of setup and subscription fees for DBS IDEALTM for 2 years
- First 3 DBS IDEALTM security device free
- Free e-mail notification with eAdvice
- Free GIRO for 2 years (performed through DBS IDEALTM)
- Waiver of annual fee on your DBS Business Advance Corporate Debit Card for 2 years
Plus, enjoy these two exclusive deals for start-ups!.
Underwritten by:
BizShield Value + is a business insurance plan that is specially designed for new start-ups or small and medium enterprises. It offers the protection that matters to you and your business at an affordable cost of SGD 0.20 a day.
BizShield Value allows you to enjoy the following benefits:
- Covers up to SGD 50,000 against accidental loss of or damage (including fire and burglary) to furniture, fittings, fixtures and all business contents including stock-in-trade.
- Covers up to 5 indoor or administrative staff against liability for Work Injury Compensation.
- Provides up to SGD 500,000 public liability cover.
- Protects one business owner or director up to SGD 30,000 against personal accident.
- Offers automatic increase of 20% on sum insured for stocks during the two weeks prior to Chinese New Year, Hari Raya Puasa, Deepavali and Christmas without additional premium.
From now till 30 June 2012, you are entitled to a premium discount of 50% ^ for the first year when you open a DBS Entrepreneur’s Account for Start-ups.
To enjoy the discounted premium of SGD 74.90 * (Usual: SGD 149.80), simply complete and submit the application form at any DBS branch today. Promotion is valid for a limited period only!
IMPORTANT NOTICE:
BizShield Value is underwritten by MSIG Insurance (Singapore) Pte. Ltd. (“MSIG”) and distributed by DBS Bank Ltd. The above information is published for information only and is not a contract of insurance. The full details of the terms, conditions and exclusions of this insurance are provided in the BizShield Value Policy and will be sent to you upon acceptance of your application by MSIG.
BizShield Value Promotion
• For more information on Bizshield Value promotion, please contact MSIG Insurance (Singapore) Pte. Ltd. (“MSIG”), Monday to Friday from 8.45 am to 5.30 pm at 6827 7848.
+ Policy terms and conditions apply.
^ Exclusive to applicants of DBS Entrepreneur’s Account for Start-ups.
Promotion terms and conditions apply.
* Inclusive of Goods and Services Tax (GST).
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- Sage UBS Payroll & HRM Software with 9 months free subscription
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Sage terms and conditions apply. UBS Payroll & HRM Software.
Visit www.sageasiapac.com to activate service.
Eligibility Checklist:
- Singapore-incorporated company
- Company must be owned by individuals
- Must be a new business which is established within 6 months of date of incorporation
Sign up for a DBS Entrepreneur's Account and save up to SGD 5,000 on banking services and more!
Enjoy 6 months' FREE Telegraphic Transfer package, DBS IDEALTM, DBS DealOnline and lifetime waiver on your Business Advance Card when you apply for a DBS Entrepreneur's Account.
- 2 free TTs a month per customer, subsequent TTs at only SGD 40* via DBS IDEALTM Internet Banking
- Free e-mail notification with eAdvice when you receive TT payments into your account
- Waiver of setup and subscription for DBS IDEALTM
- Waiver of setup and subscription for DBS DealOnline (for transactions of more than SGD 500,000 per year) plus competitive foreign exchange rates via
DBS DealOnline
*SGD Current Account will be the default debit account for TT charges. For customers who wish to open a USD Current Account without an SGD Current Account, subsequent TTs are at USD 28.50 (subject to changes).
Enjoy up to 5 free cards with 2 years annual fee waiver on your Business Advance Corporate Debit Card. Make just 2 transactions a month to enjoy lifetime waiver.
Plus, 9 months free Sage UBS Payroll & HRM Software subscription
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- Sage UBS Payroll & HRM Software with 9 months free subscription
|
Sage terms and conditions apply. UBS Payroll & HRM Software.
Visit www.sageasiapac.com to activate service.
Eligibility Checklist:
- Singapore-incorporated company
- Company must be owned by individuals
- Annual company turnover of SGD 50 million or less
- Minimum SGD 3,000 initial deposit with minimum monthly balance of SGD 10,000
Documents needed to open an account
To see the requirements and download forms, select your business type:
Sole Proprietorship
You'll need to submit:
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Completed Corporate Account Application Form, signed by the sole proprietor
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Photocopy of IC/Passport of the sole proprietor and other signatories (if any)
Useful forms:
Need help completing the Corporate Account Application form?
Here's a sample of a completed form for your reference.
Please bear in mind:
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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.
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Kindly initial on every page of the account opening documentation which is not signed.
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All signatures are to be verified by a DBS staff/Notary Public.
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We may request that you provide additional documentation depending on the set up of the company.
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Minimum deposit for account opening applies.
Partnership
You'll need to submit:
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Completed Corporate Account Application Form, signed by all partners
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Photocopy of IC/Passport of all the partners
Useful forms:
Need help completing the Corporate Account Application form?
Here's a sample of a completed form for your reference.
Please bear in mind:
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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.
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Kindly initial on every page of the account opening documentation which is not signed.
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All signatures need to be verified by a DBS staff/Notary Public.
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We may request that you provide additional documentation depending on the set up of the company.
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Minimum deposit for account opening applies.
Private Limited Company (Incorporated in Singapore)
You'll need to submit:
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Completed Corporate Account Application Form, signed by authorised signatories as per the board resolution
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Board of Director's Resolution sanctioning the opening of the account and the signatories to the account
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Photocopy of Memorandum & Articles of Association
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Photocopy of IC/Passport of the following persons:
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2 directors
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All authorised signers
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Ultimate Beneficiary Owners (if beneficial owners' individual information is not reflected in ACRA)
Useful forms:
Need help completing the Corporate Account Application form?
Here's a sample of a completed form for your reference.
Please bear in mind:
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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.
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Kindly initial on every page of the account opening documentation which is not signed.
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All signatures (including all authorised signatories and director's signature in the board resolution) are to be verified by a DBS staff/Notary Public.
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We may request that you provide additional documentation depending on the set up of the company.
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Minimum deposit for account opening applies.
Next steps
| Email Us or call us at 1800 222 2200 to find out how you can sign up for DBS Entrepreneur's Account for Start-ups. |
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