POSB Payroll Account for Work Permit Holders in Singapore

POSB Payroll Account For Work Permit Holders

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At a Glance

Manage Your Money

Track your salary and send/receive money whenever, wherever you need.

Shop & Commute Easily

Use your DBS Visa Debit Card or app to pay for purchases, and tap to ride buses and trains.

Send Money Home

Just 3 taps on digibank app, and pay $0¹ fees with DBS Remit.

The POSB Payroll Account makes banking easier for all Work Permit holders. You can track your salary, make purchases, commute, send money home or to friends, and more – all from your phone!

PromotionsSettle in with rewards made for youMoving to a new country is exciting and we’re here to make it even better. From cashback deals worth up to S$57 to welcome goodies, enjoy a rewarding start to life in Singapore with these curated perks just for you.

Welcome to SG rewards for Work Permit

Benefits, eligibility and feesBenefits

For Employers

For MWs and MDWs

Save time when you go cashless

No more queueing for cash, every month. Transfer your MW’s or MDW’s salary online instantly.

Pay easily with the DBS Visa Debit Card

Go cash free with your DBS Visa Debit Card! Pay at any store using the PayWave function/ NETS, ride local public transport, top up your prepaid SIM card and more.

If you still need to withdraw cash, you can make your first 4 ATM cash withdrawals per month at S$0 fee.

Never forget your next salary payment

Set up standing instructions to automatically transfer your MW’s or MDW’s salary online, so you don’t have to worry about missing a payment!

Manage salary with ease

Secure and accountable salary payment with our digital services helps build trust with your employer.

Track salary payment easily

Access online fund transfer records easily via your account statement history, safeguarding you and your MWs or MDWs.

Remit funds at S$0¹ fee

With DBS Remit, you can send money back home easily from your account with your mobile phone. It’s safe and convenient!

Eligibility and Fees

No initial minimum deposit required for opening POSB Payroll Account.

A S$2 monthly service fee if average daily balance falls below S$500.

A S$2 monthly ATM withdrawal fee will apply if the customer makes more than 4 ATM cash withdrawals in the month.

A S$2 fee will apply for each cash withdrawal of S$2,000 or less, at any DBS/POSB branch.

Important note:¹ For remittances to Malaysia, there will be a $3 Service Fee for transactions of S$500 or less, effective 27 Jan 2021.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$100,000 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$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Getting StartedOnce you open your POSB Payroll Account, you will receive a DBS Visa Debit Card to make banking even easier and rewarding! how to start infographic

Step 1: Activate your DBS Visa Debit Card or account at the nearest DBS/POSB ATM

Remember: Wait for your PIN mailer before heading to the ATM!

Locate the nearest DBS/POSB ATM.

Steps for account/card activation

Insert your New ATM/Debit Card into the ATM.
Enter your Card PIN².
Select More Services.
Select Cards/PIN/iBanking/Phonebanking.
Select Activate Card.
Follow instructions on the ATM screen to complete activation.

² Note: The Card PIN can be found in a separate letter sent to you.

Note: The Identity Number refers to the Malaysian IC number for Malaysian citizens, and the passport Number registered with the bank for all others.

Step 2: Update your personal details with Singpass

Step 1
Click here to start.

Step 2
Key in particulars.

Step 3
Tap on ‘update with Singpass’.

Step 4
Tap QR code to log in with Singpass app.

Step 5
Tap on ‘I agree’.

Step 6
Confirm the information & Click ‘Save details’.

Step 7
Click ‘Next’.

Step 8
Click ‘Submit’.

Note: Please ensure that your personal details, including your contact information (mobile and email), are updated with Singpass before proceeding to update your record with us.

Step 3: Register for digibank

Step 1
Download the digibank Mobile app from the App Store, Google Play or AppGallery.

Step 2
Launch the digibank Mobile app and tap on Sign up for digibank.

Step 3
Tap I need digibank access.

Step 4
Select Debit/ATM Card.

Step 5
Enter your Debit/ATM Card Number, 6-digit Card PIN and tap Next.

Step 6
Complete your Credentials by inputting your preferred User ID & PIN. Verify your mobile number, email address, mailing address and tap on Next.

Step 7
Review and Confirm the details and tap on Confirm.

Step 8
Your digibank onboarding is completed. Tap on Proceed to digibank to Set up your Digital Token next.

Step 4: Set up Digital Token

Use your registered Email Address and SMS OTP

Step 1
Launch your digibank App and select Digital Token.

Step 2
Tap on Set Up Now.

Step 3
Log in to digibank Mobile with your Touch / Face ID or digibank User ID & PIN.

Step 4
Tap on Set Up Now.

Step 5
Enter the 6 digit Email OTP sent to your registered email address.

Step 6
Enter the 6 digit SMS OTP sent to your registered mobile number.

Step 7
You've set up your Digital Token.

Use your DBS Secure Device (Physical Token)

Step 1
Launch your digibank App and select Digital Token.

Step 2
Tap on Set Up Now.

Step 3
Log in to digibank Mobile with your Touch / Face ID or digibank User ID & PIN.

Step 4
Tap on Set Up Now.

Step 5
Select Physical Token and a 6 digit SMS OTP will be sent to your registered mobile number. Follow the on-screen instructions, enter the 6 digit SMS OTP into your Physical Token and the generated 6 digit code into your digibank App.

Step 6
You've set up your Digital Token.

Set up with changes to your Email Address and without DBS Secure Device (Physical Token)

Requesting for Registration Code

Step 1
Launch your digibank App and select Digital Token.

Step 2
Tap on Set Up Now.

Step 3
Log in to digibank Mobile with your Touch / Face ID or digibank User ID & PIN.

Step 4
Tap on Set Up Now.

Step 5
Confirm or edit your Email Address and tap Next.

Step 6
Tap My Physical Token is Damaged/Lost if you do not have a Physical Token with you.

Step 7
Tap Mail My Code for us to mail the registration code to you.

Step 8
Ensure your mailing address is correct and tap Request Code to proceed.

Step 9
Request for registration code is Completed.

Please allow 3-5 working days for the registration code to be sent to your registered mailing address.

Step 1
Launch your digibank App. Log in to digibank Mobile with your Touch / Face ID or digibank User ID & PIN.

Step 2
Tap on Set Up Now.

Step 3
Confirm your Email Address and tap Next.

Step 4
Tap Continue to proceed with the registration.

Step 5
Enter the 6-digit registration code sent to your registered mailing address.

Step 6
Enter the 6-digit SMS OTP sent to your registered mobile number and follow on-screen instructions.

Step 7
You've set up your Digital Token.

Card Replacement

Step 1
Log in to digibank mobile with your Touch / Face ID or digibank User ID & PIN.

Step 2
Tap on ‘More’.

Step 3
Under Manage Cards & Loans, select Replace/Block Card.

Step 4
Select the Reason for Replacement.

Step 5
Select the Card you wish to replace.

Step 6
Enter Your Name to appear on the card. The name should not exceed 19 characters and it should not include any special symbols. Once done, tap on Next.

Step 7
Review your request and tap Replace Card.

Step 8
Your new card will be sent to you within 3 to 5 business days.

Send Money Home With DBS Remit

send money with dbs remit image

Transfer funds to your loved ones back home anytime, anywhere, with $0³ fees on the same day via DBS Remit.

³ Terms and conditions apply.

How to add Payee for DBS Remit?

Log in to digibank Mobile with your Touch / Face ID or digibank User ID & PIN.
Tap Pay & Transfer and select Overseas.
Tap Add Overseas Recipient and select the Country.
Enter your recipient's Bank Details followed by their Account & Personal Details.
Tap Next to review your recipient's details and tap Add Recipient Now.
Follow the 2-Factor Authentication Instructions to complete the request.

How to transfer overseas?

Step 1
Log in to digibank Mobile with your Touch / Face ID or digibank User ID & PIN.

Step 2
Tap Pay & Transfer followed by the Overseas icon.

Step 3
Select the recipient you wish to make transfer to.
(If the recipient is not in your pre-arranged list, follow the steps in Add Overseas Funds Transfer Recipient)

Step 4
Select the Fund Source, Amount, Purpose of Transfer. Tap Next.

Step 5
Review the Transfer details and tap Transfer Now.

Step 6
Your overseas funds transfer transaction has been submitted for Processing.

Send and Receive Money Locally

send and receive money locally image

Just use PayNow or PayLah! on your mobile phone with just a few taps! No need for ATMs, or bulky wallets.

PayNow

Step 1
Launch your digibank mobile app, tap on PayNow and log in with your Touch / Face ID or digibank User ID & PIN.

Step 2
Select the mode of transfer and enter recipient's details. Tap Next.

Step 3
Select account to transfer money from and enter the amount you wish to transfer. Input your comments(if any) and tap Next.

Step 4
Review your transfer and tap Transfer Now to complete your transaction.

Note: Please verify and confirm the recipient’s nickname before transferring the money.

PayLah!

Step 1
Log in to DBS PayLah! with your Touch / Face ID or PayLah! Password.

Step 2
Under Home, tap Pay.

Step 3
Under Anyone tab, enter the Amount you wish to send.

Step 4
Search the Recipient(s) from your contact list or enter their Mobile Number and tap Done.

Step 5
Type a message or enable Send as eGift (if any) and tap Next.

Step 6
Verify the transaction and tap Let's go to complete the transaction.

Note: Please verify and confirm the recipient’s nickname before transferring the money.

Shop & Commute with DBS Visa Debit Card

shop and commute with dbs visa debit card image

Use your trusty DBS Visa Debit Card to shop, ride, and earn rewards with your spend. Need cash? Just withdraw from any ATM with your card and PIN.

Up to 4% Cashback on what you want, every time

Get up to 4% cashback when you spend on online food delivery, local transport and in foreign currency (including online purchases). Simply spend a minimum of S$500 on Visa and keep your cash withdrawals to S$400 and below in the same month.

Tap and SimplyGo

Tap and SimplyGo on buses and trains without having to top up.

No foreign exchange fee

When you link your DBS Visa Debit Card to any multi-currency account with DBS.

Transaction Limits for DBS Visa Debit Card (for Work Permit Segment)

Type of limit	Default transaction limit
Debit spend limit	S$200
ATM Cash withdrawal limit⁴	S$1,000
NETS Point-of-sale limit	S$1,000

Important note:

⁴ The total amount of cash that you can withdraw per day at both local and overseas ATMs is capped. This daily cash withdrawal limit applies regardless of the number of cards you have. Click here for details.

Apply nowFor Migrant Worker:Please refer to the user guide on the POSB Payroll Account opening for Migrant Worker in WPOL here.For Migrant Domestic Worker:For new or transfer MDWs
When requesting for work permit issuance via the MOM system, select the option to open a POSB account. Your MDW’s consent must be obtained prior to application. For more information, please click here.For existing MDWsTo apply for POSB Payroll Account online, you would need the following documents and details.

Valid Passport

Work permit (front and back copies) or In-Principle Approval (IPA)⁵

Screenshot of SGWorkPass App

Mobile number

Email address

⁵ If using IPA, please upload a copy of page 1 and 2 “Helper’s copy” (not “Employer’s copy”). Please key in your FIN number under promo code.Apply now

Suspension of AccountsFollowing the cancellation of work permit and departure from Singapore, work permit holders' accounts will be suspended. To avoid disruption, work permit customers are encouraged to ensure all funds are withdrawn, transferred or that the account is closed prior to departure.For Work Permit Holders:Click here for the Frequently asked questions.For Employers:Click here for the Frequently asked questions.

Learn how to bank and remit with digibankIf you have any queries, you may follow through our guide.