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

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

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 bank

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.


1. Do they provide online banking?

2. Do they have an English website?
Yes. Also english speaking staff.

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

5. Which countries do they operate in?
Singapore, India, China, Hong Kong, Indonesia, and Taiwan

6. Do they issue debit cards?

DBS Bank Highlights And Awards
In 2020, DBS Bank was selected as Euromoney's best bank in Asia. It also won the award in 2019.

DBS also secured Singapore's Bank of the Year award for the fifth year in a row from The Banker.  In 2018 it also received The Banker award for bank of the year.

DBS has also won other notable banking awards, including the “Safest Bank in Asia” by Globe Finance from 2009 until 2015 for having having one of the strongest capital positions in the region.

It has also won awards for having a strong brand presence, offering top-notch customer services, and being a leader in retail banking services.

Piyush Gupta, CEO of DBS collects award
Photo source: DBS