Important notice: Revision of DBS’s multi-currency accounts’ interest rates for AUD, NZD, CNH (offshore) and USD cash balances (applicable to individuals) WEF 1 July 2020. Click here to find out more.


At a Glance

Don’t bother opening another account. With My Account, you can add benefits to meet your changing needs.

One account, everything you need

  • Available to customers of all ages
  • Earn daily interest every month

Your needs, your account

  • Activate banking services anytime, anywhere.
  • Shop online and spend abroad at preferred rates.
  • As you grow, your banking needs grow too. You have the option to convert your My Account to a Multiplier Account to earn higher interest – up to 3.8% p.a.!

Banking at your fingertips anytime, anywhere.

  • Easily access over 150 banking services with digibank while you’re on the go

Apply now


How It Works

One account, everything you need.

The only account you need to get going in life.

  • No minimum balance
  • No minimum age
  • Earn daily interest
  • Online banking
  • Island-wide banking services

Your needs, your account.

With My Account, you can add and customise features to fit your growing needs.

Easy travels

  • Enjoy instant cashback
    When you charge to your DBS Visa Debit Card overseas.
  • With multi-currency capability
    You can exchange and store up to 13 currencies.

Daily convenience

  • With PayLah!
    You can order meals, take rides, shop, and pay both PayLah! and PayNow users. This is the app that lets you do it all.
  • With PayNow
    You can send and receive money instantly with just the mobile number, NRIC/FIN or Company UEN.

It’s your choice

  • Statement
    Keep a record of your transactions easily, with the statement of your choice.
  • Account personalised for you
    You can open a personal or joint-alternate My Account with another applicant over 16 years old, depending on your needs.

My Account for your little one.

My Account functions as a joint account, allowing you and your child to manage it together.

Growing their savings

  • S$1 gift deposit1
    When it’s time to get them started.

Fee waiver

  • No coin deposit fee2
    So they’ll be able to save more.

Cool for school

  • Complimentary POPULAR 1-year student membership3
    Perfect for when they start school.
  • POSB Smart Buddy
    You’ll be able to link it to your child’s account to automatically save their unutilised pocket money.
  1. Gift deposit for anyone below 21 years old.
  2. Waiver is limited to first 1000 pieces per calendar month at the coin deposit machine.
  3. For child age below 16 years old at the point of account opening.

Eligibility & Requirements

  • No age requirement.
  • No initial deposit required.

Fees & Charges

Fall Below Fee S$0
Account Fee S$2 per month1
(With paper statement)
Early account closure fee S$30
(if account is closed within 6 months)

1 Account fee is waived for customers below 16 years old or account on eStatement.

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


Open a personal My Account online today

Apply now

Or opt for a new joint-alternate My Account

If you would like to apply for a joint-alternate My Account with another applicant above 16 years old.

Apply now

For application via webpage, please prepare the required documents prior to your application.

My Account for your child

For existing POSB/DBS account holders, you can apply for a joint alternate My Account with your child online1.

1 Applicable to children below 16 years old, and do not own an existing joint alternate My Account.

Apply now

Please prepare the following required documents prior to your application.


With you at every step of your parenting journey

Raising a family is never easy, whether you have a toddler, teenager, or both. Explore a world of parenting content and tips at POSB Home, from helping your child make sense of money and enrichment, to holiday and financial planning for the family.

Take me there


Join Our Online Community

Heard of our exclusive online community for parents?

Join a supportive and positive space for parents to teach, provide and nurture their family bonds through events and discussions on family financial planning and parenting tips.

Find out more

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.

Conversions between currencies involve fluctuations and are subject to exchange controls. If you are converting from another currency to place the deposit and intend to convert it to the original currency, exchange rate fluctuations could cause the converted amount to be less than your original amount.

Explore more

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