DBS Business business account review, fees, eligibility and availability

Snapshot

DBS offers business accounts in Singapore, led by the DBS Business Multi currency Account for small and medium enterprises. DBS is a licensed bank. Fees shown as of 8 June 2026.

Who it suits: Singapore registered small and medium enterprises that want a bank account with multi currency support from an established regional bank.
Broadly available in: Singapore for the business account covered here. DBS also operates in markets such as Hong Kong, India, Indonesia, Taiwan, and mainland China through local entities. Verify availability for your market with DBS. As of 8 June 2026.
Headline monthly fee: The Starter Bundle lists 10 Singapore dollars a month for businesses under three years old. The standard Business Multi currency Account lists a 40 Singapore dollar monthly service charge that is waived at a 10,000 Singapore dollar average daily balance. As of 8 June 2026.
Account type: Business deposit account from a licensed bank.

Fees and features as of 8 June 2026Last reviewed 8 June 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

DBS is a major Singapore headquartered bank, and its main small business product is the DBS Business Multi currency Account. It holds Singapore dollars and a range of foreign currencies, with digital banking through DBS IDEAL. As a licensed bank, eligible deposits may be covered by the Singapore deposit insurance scheme up to the applicable limit. Figures here are shown as of 8 June 2026. Verify current terms with DBS.

Overview

DBS is a major Singapore headquartered bank. Its main small business product in Singapore is the DBS Business Multi currency Account, which holds Singapore dollars and a range of foreign currencies, with digital banking through DBS IDEAL. As a licensed bank, eligible deposits may be covered by the Singapore deposit insurance scheme up to the applicable limit. The account is aimed at registered Singapore companies that want established banking with foreign currency support.

Strengths

A licensed bank with deposit protection up to the scheme limit, strong digital banking, and multi currency support. A lower cost Starter Bundle is available for newer companies. As of 8 June 2026.

Limitations

The standard account charges a monthly service fee unless the average daily balance threshold is met. Account opening and eligibility focus on Singapore registered entities, and non resident applicants face stricter checks. Verify current terms with DBS.

Fees and features

All figures as of 8 June 2026. Verify current terms with DBS Business.
Monthly fee	Starter Bundle: 10 Singapore dollars a month for businesses under three years old. Standard Business Multi currency Account: a 40 Singapore dollar monthly service charge, waived when the average daily balance is at least 10,000 Singapore dollars, plus a 50 Singapore dollar annual account fee. As of 8 June 2026.
Transaction fees	Transaction, transfer, and telegraphic transfer fees apply per the DBS pricing guide. Verify current charges with DBS. As of 8 June 2026.
FX fees	Foreign exchange is applied at DBS rates with a spread that varies by currency and channel. Verify current foreign exchange pricing with DBS. As of 8 June 2026.
Minimum deposit	An initial deposit may be required to activate the account. The exact amount is unclear, verify with DBS.
Multi currency	Yes. The account holds Singapore dollars and multiple foreign currencies. As of 8 June 2026.
Integrations	DBS IDEAL digital banking, with connectivity to accounting and payment tools. Verify current integrations with DBS.
Eligibility	Singapore registered businesses. Documentation and director or shareholder verification apply, and requirements are stricter for non resident owned entities. Verify eligibility with DBS.

Open a DBS Business business account

Availability and fees vary by country. Check the DBS Business by country pages below for your market, then confirm current terms with the provider. Shown as of 8 June 2026.

Visit DBS Business →

DBS Business by country

Questions about DBS Business

Is DBS a licensed bank?

Yes. DBS is a licensed bank headquartered in Singapore, and eligible deposits may be covered by the Singapore deposit insurance scheme up to the applicable limit. As of 8 June 2026. Verify details with DBS.

What does the DBS Business Multi currency Account cost?

The Starter Bundle lists 10 Singapore dollars a month for businesses under three years old. The standard account lists a 40 Singapore dollar monthly service charge that is waived at a 10,000 Singapore dollar average daily balance, plus a 50 Singapore dollar annual fee, as of 8 June 2026. Verify with DBS.

Can a non resident open a DBS business account?

DBS focuses on Singapore registered entities, and non resident owned companies face stricter checks and may need a local presence. The position can vary by case, so verify eligibility directly with DBS. As of 8 June 2026.

How is the monthly fee waived?

On the standard Business Multi currency Account, the 40 Singapore dollar monthly service charge is waived when your average daily balance is at least 10,000 Singapore dollars, as of 8 June 2026. Verify current terms with DBS.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 8 June 2026. Confirm current terms with DBS Business before applying.