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DBS bank account

Posted: Sun, 09 Mar 2014 10:30 pm
by ruberella
Hi,

Does anybody know if DBS have an minimum initial deposit amount on there expat current accounts? I've managed to find the minimum account balance without getting charged but not the initial set up deposit.


Thanks in advance.

R

Re: DBS bank account

Posted: Sun, 09 Mar 2014 10:41 pm
by PNGMK
ruberella wrote:Hi,

Does anybody know if DBS have an minimum initial deposit amount on there expat current accounts? I've managed to find the minimum account balance without getting charged but not the initial set up deposit.


Thanks in advance.

R
Pretty much all Singapore banks now have a $1000 min opening deposit.

Why would you want to bank with Damn Bloody Stupid bank anyways?

Re: DBS bank account

Posted: Sun, 09 Mar 2014 10:46 pm
by ruberella
PNGMK wrote:
ruberella wrote:Hi,

Does anybody know if DBS have an minimum initial deposit amount on there expat current accounts? I've managed to find the minimum account balance without getting charged but not the initial set up deposit.


Thanks in advance.

R
Pretty much all Singapore banks now have a $1000 min opening deposit.

Why would you want to bank with Damn Bloody Stupid bank anyways?
Don't particularly wanna bank with anyone, but needs must!!

Re: DBS bank account

Posted: Sun, 09 Mar 2014 10:58 pm
by PNGMK
ruberella wrote:
PNGMK wrote:
ruberella wrote:Hi,

Does anybody know if DBS have an minimum initial deposit amount on there expat current accounts? I've managed to find the minimum account balance without getting charged but not the initial set up deposit.


Thanks in advance.

R
Pretty much all Singapore banks now have a $1000 min opening deposit.

Why would you want to bank with Damn Bloody Stupid bank anyways?
Don't particularly wanna bank with anyone, but needs must!!
DBS has poor service, is always crowded, hasn't enough ATM's.

Re: DBS bank account

Posted: Sun, 09 Mar 2014 10:59 pm
by ruberella
PNGMK wrote:
ruberella wrote:
PNGMK wrote: Pretty much all Singapore banks now have a $1000 min opening deposit.

Why would you want to bank with Damn Bloody Stupid bank anyways?
Don't particularly wanna bank with anyone, but needs must!!
DBS has poor service, is always crowded, hasn't enough ATM's.
Who would you recommend???

Posted: Mon, 10 Mar 2014 10:25 am
by Mercutio
Just use POSB. They don't have an initial deposit requirement and having an account with them allows you to use all POSB and DBS ATMs.
But don't expect anything fancy from them. They are a bread-and-butter bank - but they are good at that.

Posted: Mon, 10 Mar 2014 10:46 am
by Beeroclock
Mercutio wrote:Just use POSB. They don't have an initial deposit requirement and having an account with them allows you to use all POSB and DBS ATMs.
But don't expect anything fancy from them. They are a bread-and-butter bank - but they are good at that.
They still have minimum balance requirement, e.g. for POSB passbook savings account need to stay above $500 or there's a fall below fee.

Posted: Mon, 10 Mar 2014 10:52 am
by Wd40
If you really dont want to have the min balance then open a current account with Standard Chartered, its called salary advance account. You can actually withdraw $3000 as credit and dont have to pay any interest. The maximum amount of credit you can get is like twice your monthly salary. It also comes with cheque book.

https://www.sc.com/sg/borrow/loans-salary-advance.html

I use this account as my checking account to write cheques and have a POSB account. If I had to open to checking account linked to my POSB account then I would have had to maintain a higher min deposit($1500) or pay $2 a month fee.

Re: DBS bank account

Posted: Mon, 10 Mar 2014 11:51 am
by southernx
ruberella wrote:Hi,

Does anybody know if DBS have an minimum initial deposit amount on there expat current accounts? I've managed to find the minimum account balance without getting charged but not the initial set up deposit.


Thanks in advance.

R
We signed up with DBS. My wife just had to produce her passport and her In-principle approval letter from her employer.
No minimum deposit required. We set up a joint account.
No hassle, easy set up.

DBS Bank Account

Posted: Mon, 10 Mar 2014 12:41 pm
by DBSBank
Hi ruberella,

My name is John from DBS Bank. I saw your post and thought to assist you with your concern.

We are glad to know that you are interested in opening an account with us. You may consider applying for our DBS Expatriate Program, please be advised that there is no initial deposit required for our Expatriate eAutosave/eAutosave Plus (Current Account).

Please visit http://www.dbs.com.sg/personal/deposit/ ... fault.page to learn more. Please bring the following documents when you visit our branch.
(1)Passport
(2)Employment pass issued by the Ministry of Manpower (MOM) of Singapore or the In-principle Approval Letter.

You can make an appointment as well by clicking the link below: https://secure.dbs.com/forms/dbsform/_l ... etital_NTB

If you have a Twitter account, feel free to tweet your general banking questions @dbsbank or reach us via DBS Singapore Facebook page.

Yours sincerely,

John
DBS Bank
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DBSBank will never ask for your financial information via emails or PMs. For account-related enquiries, kindly call our customer service officers at 1800-111-1111. Thank you.