Non-Profit Organisations

• Corporate Account Application Form (Click here for a sample of completed corporate account opening form ) 
• Resolution Passed By The Board Of Committee/Board of Trustee of Association/ Society

Kindly refer to the documentary requirements for a list of supplementary documents required for your business type.

• Autosave Account
• SGD Current Account
• SGD Fixed Deposit Account
• Foreign Currency Current Account
• Foreign Currency Fixed Deposit Account

Organisations with Institution of Public Character (IPC) status are eligible to open DBS Autosave accounts with us.  The initial deposit is SGD 3,000 and you can start earning interest from the first dollar onwards.

Our corporate accounts are denominated in 13 currencies, and allow your organisation to earn interest on balances at competitive rates. There are also cheque books available for all SGD and foreign currency accounts.

To find out more about the different types of accounts offered by DBS, please click here

Please note that any amendments made in the forms must be countersigned by the Chairman or Secretary.

** To be certified by Chairman or Secretary.

There is no set-up fee for new account opening. For opening of subsequent account, a nominal fee of SGD 50 applies.

We will total up the daily end-day balance in your account and divide it by the number of days in the month.

For SGD corporate current accounts, a monthly fall-below fee of SGD 15 is applicable if the average daily balance falls below the minimum balance of SGD 10,000.

For SGD DBS Autosave accounts, a monthly fall-below fee of SGD 7.50 is applicable if the average daily balance falls below the minimum balance of SGD 3,000.

Yes, you will be able to open a DBS Autosave account which allows your organisation to earn interest from the first dollar onwards.

DBS IDEAL™, our award-winning corporate Internet Banking platform, offers a variety of services for our corporate customers. A single portal to our entire range of corporate Internet Banking services, DBS IDEAL™ is accessible anytime, anywhere.

DBS provides cash management and trade services within our network and customers are able to access these payment and collection services online, through DBS IDEAL™.

Payment services offered via DBS IDEAL™ include:

• Account Transfer
• Intra-Company Transfer
• Cheque Express
• Demand Draft
• GIRO Payment
• GIRO Payroll
• Telegraphic Transfer
• Local Wire - MEPS

Collection services offered via DBS IDEAL™ include:

• GIRO Collection
• GIRO Collection (DBS)
• GIRO Plus

Trade Services offered via DBS IDEAL™ include:

• Import Letters of Credit (LC) Application, Amendment
• Export Letters of Credit (LC) Advising, Amendment, Confirmation
• Bank Guarantee
• Standby Letter of Credit
• Shipping Guarantees/ Airway Bill Guarantee Application
• Bills under Collection

Click here for a full list of DBS IDEAL™ features and functions, or refer to our Starter Guide for more information on the usage of DBS IDEAL™.

DBS IDEAL™ has won several accolades for its ability to safeguard user information through comprehensive security mechanisms (outlined below) and for its intuitive, user-friendly interface.

• DBS IDEAL™ is a VeriSign Secured Site. All information is sent in a Secure Socket Layer session and is encrypted to protect customers against unintentional information disclosure to third-parties. 
• Unique Organisation ID and User ID for logons. 
• Security device (or "Token") logon and authorisation (all users, makers and authorisers will require security codes generated by the tokens to log into the account).

File Upload Security:

• Public Key Infrastructure 
• Triple Data Encryption Standard

Automatic Logout Feature

• DBS IDEAL™ automatically terminates the current session when it detects inactivity for over 15 minutes. Users will need to logon again using their User ID and PIN.

Constant and Vigilant Monitoring

• DBS has in place security surveillance systems that constantly monitors for potential illegitimate activities on our network and systems.

Regular Review and Audit

• Regular security reviews and audits are conducted by internal as well as external auditors.

In addition, DBS sets up the following configurations based on the entitlement process during implementation:

• User access
• Settlement account access
• Transaction type access
• Authorization matrix

• Bill Payment
• Bulk Cheque Deposit
• Cash Deposit Bag Services
• Cash Bag Services
• Foreign Cheque Deposit
• GIRO
  • Internet Bill Payment
  • Recurring Credit Card Bill Payment
• Internet Bill Payment

A full suite of payment services is as follows:

• Fund Transfer
• Cheque Express
• Demand Draft
• GIRO Payment
• GIRO Payroll
• Outward Remittance

DBS offers electronic Direct Debit Authorisation (eDDA) services where customers can apply for GIRO accounts using NETS terminals. We also offer Internet Direct Debit Authorisation (iDDA) services for online real time DDA application using our personal Internet Banking system, DBS iBanking.