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It’s simple to open your new account – anytime, anywhere.
At a Glance
Opening a bank account should be simple, fast and convenient, without having to visit the Branch.
Have an existing Savings or Current account?
To apply for a new personal account online, simply login with your ATM/Debit Card & Pin or digiBank (online/mobile) for instant application.
Alternatively, apply for a new joint-alternate account online and upload the required documents for both applicants respectively.
Do not have an existing Savings or Current account?
A. Open an account via digibank NEW
Sign up on POSB digibank
B. Open an account via online application
Get instant approval for your new account with MyInfo online - no paperwork and document upload required.
Simply complete the online application and upload the required documents for your personal or joint-alternate account application. For joint-alternate account, individual applicant is required to provide each set of the required documents.
Simply complete the online application and upload the required documents.
Your application will be processed within 3 working days. Thereafter, the debit card will be mailed to you.
Note: Due to the Covid-19 situation, your application could be delayed. We seek your understanding during this period.
Start using your new account by simply activating your debit card.
Apply for these accounts:
Online Banking Services
- Transfer money and pay bills
- View online statements
- Activate cards
- GIRO/Standing Instructions Application
You are required to update your signature for your newly-opened account at any DBS/POSB branches before submitting any physical GIRO/Standing Instruction application form.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.