For Foreigners

POSB eSavings – SP/EP

The account to get going with your finances in Singapore.

POSB eSavings – SP/EP

POSB eSavings SP/EP lets you credit your salary, set up GIRO or pay bills with it. Come bundled with a debit card, iBanking and eStatement for easy and convenient access.


  • Earns daily interest
  • POSB GO! Card that gives you access to more than 1,000 DBS/POSB ATM in Singapore and PLUS ATMs/MasterCard/Cirrus ATM worldwide
  • Cashless shopping via NETS and VISA and receive cashback whenever you sign for purchases in Singapore or make any local online, mail and phone transactions.
  • Bank on-the-go 24/7 access via iBanking and mBanking, plus many other self-service banking services such as Cash Deposit Machines, Quick Cheque Deposit box.
  • Monthly eStatement - The faster and easier way to view your transactions anytime, anywhere via iBanking.

Please bring along your passport and relevant pass issued by the Immigration and Checkpoint Authority of Singapore; and
Either one of the documents below for proof of address (within last 3 months)

  1. In-Principle-Approval letter issued by Ministry of Manpower (MOM); or
  2. Utility bill; or
  3. Telephone bill; or
  4. Bank or credit card statements/bank reference letter; or
  5. Rental agreement; or
  6. Management fee bill; or
  7. Letter from the human resource department of current employer

Make an appointment

Eligibility and Requirements

  • For individuals aged 16 years old and above.
  • No initial deposit required.


  • S$2 fall-below fee if the average daily balance falls below S$1,000.
  • S$2 ATM withdrawal fee will apply if the customer makes more than 4 ATM cash withdrawals in the month
  • S$2 fee will apply for each cash withdrawal at any DBS/POSB branch for amount within your ATM cash withdrawal limit.
  • S$20 early account closure fee if the account is closed within 6 months.