DBS Bank

: 2024 Review

Price: 
Free (depending on account, minimum account balance is required)
Countries:
Singapore

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DBS Bank

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Review

DBS, short for Development Bank of Singapore, is a solid banking option for expats in Singapore.  

It offers several types of accounts that are relevant to expat needs: 

  • My Account Multi-currency accounts. Allows you to hold 12 foreign currencies in a single account, simplifying your cross-border transactions. No initial deposit or minimum account balance required.
  • Multiplier accounts. Unlocks tiered interest rates to help you save more.
  • DBS Treasures. For Accredited Investor expats with >$350k in deposits or investments. Lowest tier of wealth management services that provides you with personalized financial advisory services, investment opportunities, and priority banking services.

For non-residents, DBS bank account opening may be possible, but it will require you to visit a physical branch.

I have used DBS for my personal bank accounts.

Dexter Zhuang
Dexter Zhuang

Dexter is the founder of Money Abroad, an online education platform that helps people live on their own terms. He writes about money and portfolio careers. Starting his career in San Francisco, he has lived and worked across Southeast Asia and Latin America for the past 6 years. He has 10+ years of experience building products and teams at public companies (Dropbox) and scaling startups (Xendit). His work has been featured in global outlets like Business Insider, CBS, and Tech in Asia. He graduated from Dartmouth College.

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