POSB FDW Savings Account Benefits

Foreign Domestic Workers Savings Account

Product Benefits

Enjoy the convenience of paying the salary of your foreign domestic worker (FDW) into her Singapore bank account automatically every month. With POSB FDW Savings Account, it’s simple and hassle-free! With:

  • No initial deposit requirement.
  • No minimum balance requirement and fall-below fee.
  • Quarterly statement for easy tracking of account transactions.
  • ATM card to access over 1,000 DBS/POSB ATMs islandwide.

Maid Insurance

Are you renewing your foreign domestic helper’s work permit and buying the insurance for her at the same time?

Let Maid Insurance, an insurance plan underwritten by MSIG Insurance help you save time and agency fees when you buy online. Premium starts from S$246.10 (inclusive of 7% GST) for a 26-month cover.

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