DBS Business account review

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 11 October 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 11 October 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 11 October 2026.
Account type: Business deposit account from a licensed bank.

Fees and features as of 11 October 2026Last updated 11 October 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 Singapore dollar deposits are covered by the Singapore deposit insurance scheme up to 100,000 Singapore dollars per depositor. Foreign currency deposits are not covered. Figures here are shown as of 11 October 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 Singapore dollar deposits are covered by the Singapore deposit insurance scheme up to 100,000 Singapore dollars per depositor. Foreign currency deposits are not covered. 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 11 October 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 11 October 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 11 October 2026.
Transaction fees	Transaction, transfer, and telegraphic transfer fees apply per the DBS pricing guide. Verify current charges with DBS. As of 11 October 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 11 October 2026.
Minimum deposit	DBS does not state a minimum initial deposit on its product page. Verify with DBS.
Multi currency	Yes. The account holds Singapore dollars and multiple foreign currencies. As of 11 October 2026.
Integrations	DBS IDEAL digital banking, with links to accounting software including Xero, QuickBooks, Info Tech and Financio. As of 11 October 2026. Verify current integrations with DBS.
Eligibility	Online opening is for Singapore incorporated companies fully owned by Singapore citizens or permanent residents. Companies with foreign ownership, and foreign incorporated companies, open with relationship manager support. The DBS pricing guide lists account set up fees from 2,000 Singapore dollars for these cases. As of 11 October 2026.

Open a DBS 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 11 October 2026.

Visit DBS Business → Commission link: we may earn a fee if you open an account through it. It does not change what we publish or how we rank providers.

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 11 October 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 11 October 2026. Verify with DBS.

Can a non resident open a DBS business account?

Online opening is limited to Singapore incorporated companies fully owned by Singapore citizens or permanent residents. Companies with foreign ownership, and foreign incorporated companies, apply with relationship manager support, and the DBS pricing guide lists account set up fees from 2,000 Singapore dollars for these cases. Verify eligibility directly with DBS. As of 11 October 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 11 October 2026. Verify current terms with DBS.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 11 October 2026. Confirm current terms with DBS Business before applying.