What Banking Services Does DBS Bank Provide For Expats In Singapore?

by World Offshore Banks


DBS Bank Limited, formerly known as The Development Bank of Singapore Limited, was initially established in 1968 by the government to finance industrial activities.

Since then, the bank has grown to become the largest South East Asian bank in terms of assets.

It is also one of the region's market leaders in offering financial services such as consumer banking, asset management, treasury and markets, and equity and fund raising services in both Singapore and Hong Kong.

DBS Expat Banking financial highlights. What Are Some Of The Services DBS Expat Programme Offer?

The bank boasts of operations in 18 markets, where it has over 280 branches and more than 1000 ATMs in about 50 cities. Its Expatriate Programme caters to the unique needs of expat/foreign clients in Singapore, through tailor-made financial products.

Some of the services available for expats banking at DBS include DBS digibank, which lets you bank online and on mobile and Apple Pay, Samsung Pay & Android Pay, which lets you pay using your phone.

Another service, DBS PayLah!, lets you send or receive money, request funds and pay bills instantly. You can also use it to shop and pay at selected online merchants.

DBS Bank also offers mortgages, trading services, and investment services such as unit trusts, structured investments, and other retail and corporate financial products.


DBS Bank FAQ
1. Do they provide online banking? Yes, through their advanced digibank platform.

2. Do they have an English website? Yes. They also provide English-speaking staff at all branches to assist international clients.

3. What's the required minimum amount to open a checking account? No minimum deposit is required during account opening. Deposits can be made using SGD (Singapore dollar), AUD, CAD, CNH, EUR, HKD, JPY, NZD, NOK, GBP, SEK, THB, and USD.

4. What's the required minimum to open a savings account? No initial deposit is required to open the account. It supports a wide range of global currencies for seamless geographic arbitrage.

5. Which countries do they operate in? DBS has a strong presence in Singapore, India, China, Hong Kong, Indonesia, and Taiwan.

6. Do they issue debit cards? Yes, globally accepted Visa/Mastercard debit cards are issued.

DBS Bank Highlights And Awards

In 2020, DBS Bank was selected as Euromoney's best bank in Asia—an award it also secured in 2019. DBS also secured Singapore's Bank of the Year award for the fifth year in a row from The Banker.

DBS has won other notable banking awards, including the “Safest Bank in Asia” by Global Finance from 2009 until 2015, recognized for having one of the strongest capital positions in the region. It continues to lead the market in retail banking and top-notch customer service.