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 Opening a Bank Account in Singapore

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State9
post Aug 9 2018, 12:12 AM

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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.. 😌😌😌
State9
post Aug 9 2018, 11:10 AM

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Joined: Jan 2017


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?
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Yea tomorrow will do as today is public. However just curious. Any past experience lads? Initial deposit for DBS
State9
post Aug 9 2018, 11:33 AM

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Junior Member
61 posts

Joined: Jan 2017


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
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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.
State9
post Aug 9 2018, 10:45 PM

Getting Started
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Junior Member
61 posts

Joined: Jan 2017


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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