Manage multi-currencies with My Account

Yes. My Account is a multi-currency account.

With My Account, you have access to 12 foreign currencies and the Singapore dollar. The 12 foreign currencies are:

Australian Dollar (AUD)

Canadian Dollar (CAD)

Chinese Renminbi (Offshore) (CNH)

Euro (EUR)

Hong Kong Dollar (HKD)

Japanese Yen (JPY)

New Zealand Dollar (NZD)

Norwegian Kroner (NOK)

Sterling Pound (GBP)

Swedish Kroner (SEK)

Thai Baht (THB)

US Dollar (USD)

You can also exchange these currencies conveniently at prevailing rates.

My Account comes with zero service charge and no requirement on maintaining a minimum balance.

There is a S$2 account fee per month for customers who are not enrolled to electronic statements and receiving paper statements. The account fee is waived for customers up to 16 years old or who are enrolled to electronic statements.

Yes, your My Account can be linked to an eligible DBS Visa Debit Card to enable you to transact directly in foreign currency without conversion fees.

The eligible DBS Visa Debit Cards are:

DBS Visa Debit Card

DBS Treasures Visa Debit Card

DBS Treasures Private Client Visa Debit Card

DBS Private Bank Visa Debit Card

Joint-Alternate My Account for Kids cannot be converted to a personal account. Your child can apply for a personal account separately via digibank online or mobile app once they are 16 years old.

If your child has digibank access:

Go into digibank app > Log in, select More > Deposit Accounts.

If your child has no digibank access:

Click here to get started.

If you are a new DBS / POSB customer, you can open your personal My Account via the digibank app. With just one application, you can open a personal My Account, obtain a debit card, and set up PayNow all at once.

For further assistance, simply drop us a note here and our service team will contact you at your preferred date and time.

Your child is required to be 16 years old on the date of application. To apply for a personal deposit account, your child can open one via digibank mobile app.

If your child does not have an existing deposit account with DBS / POSB and has digibank access: 

Apply for first account with DBS/POSB.

Click here to get started.

If your child has an existing deposit account with DBS / POSB and has digibank access:

Go into digibank app>Log in, select More > Deposit Accounts.

Interest is computed daily and credited at the end of every month.

My Account does not come with a chequebook facility. We recommend that you use PayNow or FAST to conduct local funds transfer via the POSB digibank app or digibank online.

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You can also consider using Electronic Deferred Payment (EDP), a digital alternative to cheques and cashier’s orders. Unlike cheques which can be issued only if you hold chequing accounts, an EDP/EDP+ can be issued from any Current or Savings Account.

However, if you still need a chequebook, you will need to apply for an eMCA+ Account online.

There are 11 available foreign currencies:

Australian Dollar (AUD)

Canadian Dollar (CAD)

Euro (EUR)

Hong Kong Dollar (HKD)

Japanese Yen (JPY)

New Zealand Dollar (NZD)

Norwegian Kroner (NOK)

Sterling Pound (GBP)

Swedish Kroner (SEK)

Thai Baht (THB)

US Dollar (USD)

Renminbi Offshore (CNH) is not available for the card feature.