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Opening a Bank Account in Singapore
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State9
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Aug 9 2018, 12:12 AM
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Getting Started

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Dear all, I just joined to work at SG and need to open a DBS account for salary. However read comments on high initial deposit amount but their website mentionef no initial deposit required?? I'm a S pass holder. Pls advise. Post script i don't have much money yo deposit like 500sgd now.. 😌😌😌
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State9
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Aug 9 2018, 11:10 AM
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Getting Started

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QUOTE(MUM @ Aug 9 2018, 02:57 AM) since you need to have a Letter from the human resource department of current employer, you can ask your HR department to check out the latest requirement for you? Yea tomorrow will do as today is public. However just curious. Any past experience lads? Initial deposit for DBS
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State9
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Aug 9 2018, 11:33 AM
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Getting Started

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QUOTE(MUM @ Aug 9 2018, 12:30 PM) May i know, why must DBS? POSB cannot use? to many, initial deposit is a minor concerns,...i think the Fall-below fee of $ X.00 per month (if average daily balance < S$X,000), that is the major hurdle to many Because the HR asked for DBS? LOL. to many yes,but not to me because i just started work? LOL. So do you know the initial deposit or not? Or else pls leave for experienced to help me.
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State9
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Aug 9 2018, 10:45 PM
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Getting Started

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Hi thanks. But u mean initial deposit when opening account is 3k? Dbs website mentioned no initial deposit when opening but of course got fall out fee etc. Pls enlighten.
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