At a Glance

My Account is a digital multi-currency bank account that makes banking simple. You can save, spend, invest and tailor different banking services to meet your financial needs and bank the way you want.

All the banking services you need for life

Pay bills, exchange currencies, perform overseas funds transfers, invest globally and plan for your retirement all from one place.

Your go-to account for foreign currencies

Access 13 currencies instantly via digibank at attractive exchange rates with no FX conversion fees.

No account fees

No minimum balance, no initial deposits, no service charge.

Apply now


Eligibility & Fees

Service Charge S$0
Account Fee
  • No account fee for customers on eStatement
  • $2 per month for customers with paper statement1
Minimum age No age restriction
Initial deposit No initial deposit required

1Account fee is waived if you are 16 years old and below

Please refer to the Deposits Guide for the list of applicable fees.


Documents Required for Account Opening

Refer to the documents required for account opening before you proceed.


Apply for a personal My Account instantly on digibank app

Download digibank app


Register for Singpass here

Your Singpass should be ready to use once your Personal details are displayed in your Singpass mobile app.

Pro tip: Select Face Verification for instant registration.

For foreigners: Have your FIN number and Singapore (+65) mobile number ready.

Unable to register for Singpass

On digibank app, select “Continue without Singpass” and upload the supporting documents.

Learn how to set up My Account with Singpass.


Open a Joint-Alternate My Account


Joint-Alternate My Account

Both applicants must be 16 years old or above.

Apply here

Joint-Alternate My Account with your child

Main applicant must be 16 years old and above.
Child must be below 16 years old.

Find out more



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.

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:

  1. Australian Dollar (AUD)
  2. Canadian Dollar (CAD)
  3. Chinese Renminbi (Offshore) (CNH)
  4. Euro (EUR)
  5. Hong Kong Dollar (HKD)
  6. Japanese Yen (JPY)
  7. New Zealand Dollar (NZD)
  8. Norwegian Kroner (NOK)
  9. Sterling Pound (GBP)
  10. Swedish Kroner (SEK)
  11. Thai Baht (THB)
  12. 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.

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.

The following actions should be carried out by your child.

Apply for first account with DBS/POSB.

Click here to get started.

Has an existing deposit account with DBS / POSB and has digibank access.

digibank app

Log in, select More > Deposit Accounts.

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 on the date of application.

If your child has digibank access

Your child can:

digibank app

Log in, select More > Deposit Accounts.

If your child has no digibank access

Please refer to the FAQ point above on how to apply for access.

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

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

Learn More

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


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:

  1. DBS Visa Debit Card
  2. DBS Treasures Visa Debit Card
  3. DBS Treasures Private Client Visa Debit Card
  4. DBS Private Bank Visa Debit Card

For digibank mobile, please:

  1. Log in to digibank mobile
  2. Upon successful login, tap “More”
  3. Under “Manage Cards & Loans”, select “Link Card to Account”
  4. Select the Card you wish to link your My Account to
  5. Verify the details and tap “Confirm” to complete the card linkage

For digibank Online, please:

  1. Log in to digibank Online
  2. Under “Cards”, select “Link Card to Deposit Account for ATM Use”
  3. Select the Card you wish to link your My Account to
  4. Verify the details and click “Submit” to complete the card linkage

There are 11 available foreign currencies:

  1. Australian Dollar (AUD)
  2. Canadian Dollar (CAD)
  3. Euro (EUR)
  4. Hong Kong Dollar (HKD)
  5. Japanese Yen (JPY)
  6. New Zealand Dollar (NZD)
  7. Norwegian Kroner (NOK)
  8. Sterling Pound (GBP)
  9. Swedish Kroner (SEK)
  10. Thai Baht (THB)
  11. US Dollar (USD)

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

Yes. If your My Account is linked as the primary account to your DBS Visa Debit Card, foreign currency purchases made online and overseas will automatically be debited from your account’s respective foreign currency funds without any foreign exchange conversion fees. This also applies to overseas ATM withdrawals.

Note: The respective Multi-Currency Account (MCA) foreign currency wallet must contain sufficient funds prior to making a transaction. Only then will your transaction be automatically debited from the respective foreign currency wallet without any foreign exchange conversion fees. Please ensure that your DBS Visa Debit Card is primary linked to your MCA and the correct currency is selected at point of transaction. Please also note that in some cases, depending on how the merchant processes your transaction, your transaction may be billed to you in another foreign currency other than the local currency.

Generally, overseas ATM withdrawals will be automatically deducted from your primary account. However, if prompted, please select "Checking/Current Account" to withdraw foreign currency cash overseas from your My Account using your linked DBS Visa Debit Card.

Please ensure you have sufficient foreign currency funds in your account prior to withdrawal. Otherwise, the foreign currency cash withdrawal will be deducted from your SGD wallet.

Click here to apply online for a Visa Debit Card instantly and it will be mailed to you within 5 working days.

Alternatively, you can log in to DBS digibank app and tap on ‘More’ followed by ‘Cards’.

Join Our Online Community

POSB Parents

Take the next step and be part of an awesome and supportive community with like-minded parents. Learn a tip or two when you participate in discussions focused on money management as a family in this digital age.

Find out more

– Foreign currency transactions are subject to exchange rate fluctuations, which may result in capital gains or losses; such accounts may also be subject to exchange controls imposed on the currency held.
– Please note that in some cases, depending on how the merchant processes your transaction, your transaction may be billed to you in another foreign currency other than the local currency.

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.

Explore more

Thank you. Your feedback will help us serve you better.

Was this information useful?

That's great to hear. Anything you'd like to add?
We're sorry to hear that. How can we do better?
Enter only letters, numbers or @!$-(),.