Deposit Accounts &

Services For Individuals

Deposits Guide

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WELCOME TO DBS

Thank you for choosing to bank with DBS. We look

forward to meeting all your banking and transactional
needs, giving you a delightful experience.

DBS is one of the largest financial institutions in Asia

with operations in 16 markets, and a leader in Consumer
Banking in Singapore.

With this new DBS deposit account, you will enjoy a

host of innovative banking services, with convenience
and peace of mind. For customers who open a savings
or current account, you will receive an ATM/Debit Card*
to let you access ATM, Cash Deposit Machine and
AXS Stations. Plus, you will also enjoy round-the-clock
convenience of Internet Banking and Phone Banking.
Please read on to explore the services you could now
enjoy and more information on all deposit products. The
pricing guide is also enclosed for your easy reference.

Other than deposit accounts, DBS offers a complete

range of products and services to meet all your financial
needs. To find out more, we invite you to visit www.dbs.
com/sg.

Welcome and enjoy banking with DBS.

* Available for personal and joint-alternate savings and current

accounts.

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CONVENIENT BANKING ANYTIME, ANYWHERE
We lead innovation to bring you better transactional capabilities,
especially in cashless convenience. So, banking could be faster and
easier with DBS. Enjoy the following and many more to come.

Cash/Cheque Transactions

• Free and unlimited cash withdrawal at more than 900 ATMs

in Singapore, and overseas cash withdrawal at PLUS ATMs
worldwide.
• Deposit round-the-clock at the Cash Deposit Machines (with $10,
$50 and $100 notes) and Coin Deposit Machines.
• Deposit your cheque anytime without queuing at the Quick
Cheque Deposit Box located outside each branch.

Cashless Convenience

• Instant funds transfer to almost anyone in Singapore, crediting

into their DBS/POSB accounts.
• Easy and quick bill payment through GIRO, Internet Banking, AXS
Station or ATM.
• Top-up ez-link or CashCard at any ATM or AXS Station.
• Cashless shopping with your DBS ATM/Debit Card in Singapore
and 25 million MasterCard merchants worldwide#.

Here are some popular services, accessible easily via the Self-Service
Banking Services:

Conveniently accessible via

Services available ATM Internet Phone AXS
Banking Banking
Funds Transfer   
Bill Payment    
Top-up ez-link card  
Top-up CashCard  
Top-up Telco Prepaid cards  
from SingTel, M1 or Starhub
Electronic Payment for Shares   
IPO Application  
Balance Enquiry   
Transaction History Enquiry 

#
Available for DBS Debit Cards only.

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COMPLETE SUITE OF DEPOSIT PRODUCTS FOR YOU
For all your transactional needs:

• DBS Savings Plus Account – Enjoy utmost convenience in

transactional banking with easy access to your account via ATM,
Internet Banking, Phone Banking, AXS Stations, and other Self-
Service Banking Services.
• DBS Autosave Account – Enjoy the benefits of both savings and
checking in one account. With DBS Autosave, you can transact
and manage your daily cashflow easily including the convenience
of issuing cheques whenever needed.
• DBS Foreign Currency Current Account – With globalisation, your
banking needs may go beyond Singapore Dollars. Choose from
a wide range of foreign currencies and enjoy added payment
convenience with a USD checking facility.

For your savings needs:

• MySavings Account – A regular savings account that lets you save

monthly with ease. Enjoy peace of mind with the automatic and
flexible monthly saving feature and be rewarded with special
interest rate.
• S$ and Foreign Currency Fixed Deposit Account – This account lets
you set funds aside for a fixed duration to enjoy a fixed interest
rate.
• CPF Investment Scheme Account – This account allows you to use
your CPF savings to invest in various financial products such as unit
trusts, shares, insurance, bonds etc.
• Supplementary Retirement Scheme Account – This account helps
you to enjoy tax relief while building your fund for retirement.

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 Pricing Guide
SAVINGS ACCOUNTS

DBS Autosave Account

(with cheque book facility)

Minimum initial deposit S$3,000

Account fee S$2 per month

Fall-below fee S$7.50 per month

(if average daily balance < S$3,000)

Incidental overdraft interest charge Prime + 5% p.a. payable

(for accounts without overdraft on the overdrawn amount
facility) (min S$20)

Minimum overdraft interest charge S$10

(for accounts with overdraft facility)

Early account closure fee S$30

(if account closed within 6 months)

DBS Savings Plus Account

Minimum initial deposit S$500

Fall-below fee S$2 per month

(if average daily balance < S$500)

Incidental overdraft interest charge Prime + 5% p.a. payable

on the overdrawn amount
(min S$20)

Early account closure fee S$20

(if account closed within 6 months)

Note: Initial deposit for account opening is only S$1 for Personal Savings
Accounts for customers below the age of 21 years, and those 62 years
old and above, and will not be subjected to the fall-below fee of S$2.

CURRENT ACCOUNTS

DBS Current Account

Minimum initial deposit S$3,000

Fall-below fee S$7.50 per month

(if average daily balance < S$3,000)

Incidental overdraft interest charge Prime + 5% p.a. payable
(for accounts without overdraft on the overdrawn amount
facility) (min S$20)

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Minimum overdraft interest charge S$10
(for accounts with overdraft facility)

Early account closure fee S$30

(if account closed within 6 months)

SINGAPORE DOLLAR (S$) FIXED DEPOSIT

ACCOUNTS

S$ Fixed Deposit Account

Minimum deposit

• For a tenor of 1 day to less than S$1 million
1 month

• For a tenor of 1 month to 24 months S$1,000

DBS Premier Income Account

(for persons 55 years old and above)

Minimum deposit S$10,000 for min

6 months tenor

Note: Premature withdrawal of your S$ fixed deposit is subject to

conditions. Please refer to the Bank’s Terms and Conditions Governing
Accounts, which can be found at www.dbs.com/sg. You may earn less
or no interest if you withdraw your fixed deposit before it matures. An
early withdrawal fee may also be imposed.

FOREIGN CURRENCY DEPOSIT ACCOUNTS

DBS Foreign Currency Current Account
Minimum initial deposit and related account fees are as follows:
(All amounts stated in the table are in the original foreign currency.)
Currency Min initial Monthly Min Stop Outward
deposit and service charge monthly payment returned
min average (if average overdraft charge cheque
daily balance daily balance interest charge
(MADB) < MADB) charge

AUD 1,500 10 10 30 40
CAD 1,500 10 10 30 40
EUR 1,000 10 10 30 35
HKD 8,000 55 55 180 240
JPY 200,000 750 750 3,000 3,200
NZD 1,500 10 10 45 55
NOK 7,500 50 50 150 180
GBP 800 5 5 30 35
SEK 8,000 60 60 150 200
CHF 2,200 10 10 30 40
THB 28,000 200 200 750 1,000
USD 1,000 7.50 10 30 40

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Deposits in

• SGD Converted at the prevailing selling

exchange rate

• Foreign currency notes If account is in the same currency

as the foreign currency notes
deposited (except for THB and
IDR) a commission-in-lieu of
exchange (min S$10) applies as
follows:

USD 1.5% CHF 1.5%

GBP 1.5% AUD 2.5%
JPY 1.5% HKD 3.0%
EUR 1.5% Others 5.0%

If account is in a currency different
from the foreign currency notes
deposited, or if it involves THB or
IDR, the notes are converted to S$
equivalent and then re-converted
to foreign currency funds at the
prevailing exchange rates.

Withdrawals in

• SGD Converted at the prevailing buying

exchange rate

• Foreign currency notes Same charges as for deposits apply

Inter account transfer Free
(applicable to funds transfer
from one Foreign Currency
Current Account to another
of the same currency)

Early account closure fee S$30

(if account is closed within
6 months)

DBS Foreign Currency Fixed Deposit Account

Minimum deposit S$5,000 equivalent for major

foreign currencies

Deposits Same charges as for deposits in

DBS Foreign Currency Current
Account apply

Withdrawals in

• SGD Converted at the prevailing buying

exchange rate

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• Foreign currency notes Same charges as for DBS Foreign
Currency Current Account apply

Inter account transfer Free

Notes:
1. Conversion between currencies involves exchange rates which are
subject to fluctuations. If you have used funds in another currency
to place the Foreign Currency Fixed Deposit, you may receive
an amount less than your original amount of such funds upon
conversion of your Foreign Currency Fixed Deposit back to that
other currency. In addition, you may be subject to foreign exchange
controls which may be imposed from time to time.
2. Premature withdrawal of your foreign currency fixed deposit
is subject to conditions. Please refer to the Bank’s Terms and
Conditions Governing Accounts, which can be found at
www.dbs.com/sg. You may earn less or no interest if you withdraw
your fixed deposit before it matures. An early withdrawal fee may
also be imposed.
3. Advance notice must be given to the Bank for withdrawals in
foreign currency notes which are subject to availability.
4. Foreign currency deposit accounts are excluded from insurance
coverage under the Deposit Insurance Act.

CHEQUE CHARGES
Cheque book charge 1st cheque book on account
opening is free. Thereafter, S$10
per cheque book (50 leaves)

Stop payment of cheque

for SGD Current Account

• Via counter S$30 per cheque (max S$60)

• Via Phone Banking S$15 per cheque (max S$30)

Outward return cheque S$40 per cheque

due to insufficient funds

Direct mark cheque S$100 per cheque

Retrieval of physical cheque S$50 per copy

(only available within 1 year
of clearing date)

Retrieval of cheque image

• Within 1 year of S$20 per copy

clearing date

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• Between 1 to 3 years of S$30 per copy
clearing date

• More than 3 years of S$50 per copy
clearing date

Foreign Currency Cheques

• USD cheques cleared via Free

Singapore USD Cheque
Clearing System

• Other cheques 1/8% (min S$10, max S$100)

per cheque

Notes:
1. Foreign Currency Cheques will be sent for clearing and your
account will be credited after the proceeds are cleared.
2. The amount credited will be net of agent charges, postage,
commissions and any other fees (where applicable).

COIN SERVICES

Coin Exchange / Withdrawal

The minimum sum to exchange/withdraw is S$50.

Every multiple of S$50 S$1.50

Coin Deposit (via counter)

Please sort your coins according to denomination.

Number of pieces ≤ 100 S$1.50

Every subsequent 100 S$1.50

pieces or part thereof

Coin Deposit (via coin deposit machine at selected locations)

Every piece S$0.0075 (total fee rounded

to the nearest one cent)

Notes:
1. Coin services (via counter) are available every Tuesday and Thursday
during branch operating hours.
2. The coin deposit fee is waived for children’s accounts (holder aged
15 years & below). For coin deposit via the coin deposit machine,
please drop the coin deposit receipt into the Quick Cheque Deposit
Box to apply for waiver. Refund will be processed by the next
business day (Mon-Fri).

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 INWARD REMITTANCES

Demand Draft/Travellers Cheques

Handling commission 1/8% (min S$10, max S$100)

per draft/cheque

Telegraphic Transfer

Handling commission S$10 (No charges if crediting DBS

Foreign Currency Fixed Deposit)

MEPS (MAS Electronic Payment System)

MEPS Receipts Free

OUTWARD REMITTANCES

Cashier’s Order

Handling Commission for

Account Holder via counter

• Share applications of S$5 per Cashier’s Order
IPOs using non-CPF
funds

• Share applications of S$2 per Cashier’s Order

IPOs using CPF funds

• Other purposes S$5 per Cashier’s Order for payment

to third party. For payment to
account holder, commission is
waived for the first Cashier’s Order.

Handling Commission for Free

Account Holder via iBanking

Handling Commission for
Non-account Holder via counter

• Share applications of S$12 per Cashier’s Order

IPOs

• Other purposes S$10 per Cashier’s Order

Other Charges

• Postage charges Where applicable

• Stop payment charges S$15 per Cashier’s Order

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Demand Draft/Telegraphic Transfer

Handling Commission for

Account Holder

• Debit from SGD account 1/8% (min S$10, max S$100)
via counter per transaction

• Debit from SGD account 1/8% (min S$5, max S$100)

via iBanking (for Demand per transaction
Draft)

• Debit from SGD account Free for debiting amount below

via iBanking (for S$5,000; S$10 for debiting
Telegraphic Transfer) amount S$5,000 to S$25,000

• Debit from DBS Foreign 1/8% (min S$10, max S$100)

Currency Current per transaction
Account/Foreign Additional 1/8% (min S$10, max
Currency Fixed Deposit S$100) commission-in-lieu of
Account exchange for payment to third party

Handling Commission for
Non-account Holder

• Payment in SGD cash 1/8% (min S$20, max S$100)
per transaction

• Payment in foreign 1/8% (min S$20, max S$100)

currency notes per transaction
Additional commission-in-lieu of
exchange (min S$20) applies as
follows:

USD 1.5% CHF 1.5%

GBP 1.5% AUD 2.5%
JPY 1.5% HKD 3.0%
EUR 1.5% Others 5.0%
Other Charges for
Telegraphic Transfer

• Cable/Telex charges S$20

• Agent Bank charges Where applicable

• Cancellation/Stop S$15 plus Cable and Agent Bank

payment charges charges (where applicable) per
transaction

• Amendment charges S$10 plus Cable and Agent Bank

charges (where applicable) per
transaction

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Other Charges for
Demand Draft

• Stop payment charges S$15 plus Cable and Agent Bank
charges (where applicable) per
transaction

• Amendment charges S$10 per draft

• Cancellation charges Free

Standing Order for Demand

Draft/Telegraphic Transfer

• One-time sign-up fee S$20

• Amendment fee S$10

Note: Processing charges for Standing Order for Demand Draft -

handling commission, commission-in-lieu of exchange, postage charge
and agent bank charges (where applicable) in the above will apply.

MEPS (MAS Electronic Payment System)

MEPS Payments S$20 per payment

OTHER SERVICES

S$ Standing Instruction for funds transfers

One-time sign up fee S$10 (Free via iBanking)

Amendment fee S$5

Retrieval of Documents/Statements

Within 1 year S$20 per copy/month

Between 1 to 3 years S$30 per copy/month

More than 3 years S$50 per copy/month

Request

For referral letter/credit S$20 per request

enquiry (subject to GST) S$21.40 (Including GST)

For certificate of balance S$20 per certificate

For audit confirmation of S$30

account balance(s)

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Replacement

Of ATM Card S$5

Of lost passbook/passcard S$15

Miscellaneous

Hold mail service for S$200 per annum

DBS accounts (subject S$214 (Including GST)
to GST)

This Pricing Guide is applicable to the accounts and related services

offered by DBS, and is subject to change without prior notice.
Information is correct at the time of printing.

Notice on Deposit Insurance Scheme

Deposit accounts held by individuals and charities are insured by

the Singapore Deposit Insurance Corporation for up to S$20,000
in aggregate across specified accounts for each depositor under
the Deposit Insurance Act.

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DBS Bank Ltd Co. Reg. No. 196800306E Oct 10
Living, Breathing Asia
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