For Foreigners

POSB FDW Account

Conveniently pay the monthly salary for your foreign domestic worker (FDW) automatically.

POSB FDW Account

With POSB FDW Savings Account, it’s simple and hassle-free!

Benefits

  • 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.

Eligibility and Requirements

You, the employer as stated on the FDW’s work permit card, must have an existing DBS/POSB Savings/Current Account. This account will be the debiting account for the monthly contribution into this POSB FDW Savings Account every month.

Fees

No fall-below fee, monthly account fee or account closure fee.

How to Apply

  • Visit any POSB branches with your foreign domestic worker (FDW), with her passport and work permit card to apply.
  • Select one of your existing POSB savings or current account as the debiting account to deduct the monthly salary.
  • Choose an amount (min S$50 and max of S$1,000, in multiples of S$10) and a date (between 1st and 25th) to credit into her Singapore bank account every month.

To avoid any failed deduction, please ensure that there are sufficient funds in the debiting account by 7pm, one day before the monthly savings date.