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Need a new account urgently? Skip the branch and get it instantly via digibank with Singpass. And for a limited time only, get S$68 cash reward upon successful account opening, if this is your very first personal deposit account with us.
Applicable to all with Singpass. Promotion is only applicable to My Account and Multiplier Account. Please refer to the Terms & Conditions and FAQ for more details. Promo ends 31 October 2022.
You will receive an email notification when the cash reward has been credited to your newly opened account.
Ready to apply? Follow these easy steps:
Download POSB digibank mobile app.
Apply for an account instantly via Singpass/MyInfo – no paperwork and document upload required. Easy peasy, lemon squeezy!
For foreigners: Upload a photo of your passport (for Malaysians, upload front and back of your Malaysian IC) and your account will be opened instantly!
Your new Debit Card will be mailed to you in around 3 working days once you have opened the account.
Do not have Singpass?
Register online here.
Pro tip: Select Face Verification for instant registration.
For foreigners: Have your FIN number and Singapore (+65) mobile number ready.
Important: Your Singpass/MyInfo profile should be up and ready to use the next day for new account application on your digibank app.
Frequently Asked Questions
Security and privacy are of utmost priority in our digital service. Thus, data security and protection measures are set in place to protect your personal data.
Singpass data is safeguarded by industry cybersecurity best practices like end-to-end encryption and multi-layered security. Moreover, you are the sole person who can give consent for the use of data in Singpass. Your data can only be retrieved upon your identity authentication by logging into Singpass and giving consent.
No, only the opening of a personal account is eligible for the Reward to the first eligible Deposit Account opened.
Each customer is entitled to only 1 Reward throughout the Promotion.
The Reward will be credited to the newly opened Personal Deposits Account by 31 December 2022 (or such other date as DBS may determine in its sole discretion and without prior notice to you). Thereafter, Eligible Customers will receive a notification that it has been credited.
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.