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Bank account for Domestic Helper

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zzm9980
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Bank account for Domestic Helper

Post by zzm9980 » Tue, 26 Feb 2019 1:49 pm

Hi

Years ago I know that POSB offered savings accounts for Domestic Helpers and other WP holders as long as a mininum balance of $500 was maintained. I did a bit of Googling and I can't find it anymore. All i see is some POSB account that must be opened via MOM and that has extortionary ATM fees, at least for a DH.

This one ->
https://www.posb.com.sg/personal/deposi ... ll-account


Is anyone else aware of a simple account (with ATM access) in Singapore than a domestic helper can obtain, preferably on their own without the employer needing to be present or sign anything?

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abbby
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Re: Bank account for Domestic Helper

Post by abbby » Mon, 09 Sep 2019 9:43 pm

Have you checked? I would like to know more too..can domestic helpers have bank accounts with DBS/POSB? It would be more convenient that passing them cash every month.
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sundaymorningstaple
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Re: Bank account for Domestic Helper

Post by sundaymorningstaple » Mon, 09 Sep 2019 9:50 pm

Yes, DBS/POSB have a special account for domestic workers. I had my helper open one so that I didn't have to keep withdrawing and giving cash to her. Also makes it easier for her as well.

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