Opening an Account at DBS Bank
DBS Bank was founded in 1968 in Singapore and is a major institution offering financial services to private and corporate clients. Currently, the bank serves over 4 million individuals and corporate clients from various countries, with branches in 50 cities worldwide. Experts note several reasons to open an account at DBS Bank:
- The ability to manage accounts from any city in the world.
- An individual account manager for corporate clients.
- A wide range of additional services for regular clients: brokerage, insurance, investment trust management, and large loans.
Documents for DBS Bank
The bank focuses on serving large corporate clients. To open an account, the following documents are required:
- Company articles of association with apostille and memorandum.
- Power of attorney for the responsible person with apostille.
- Copies of passports of responsible persons.
- Proof of residence for all shareholders and responsible persons with signing authority. This applies to shareholders owning at least 10% of the company.
- Company structure showing the main branches of company management.
DBS Bank accepts documents in English. In addition to the required documents, the bank form must be correctly filled out in English. The application review process takes about 1–2 months.
Types of Accounts and Fees at DBS Bank
Clients can access credit and debit cards, checking and savings accounts, all manageable via internet banking. Key fees include:
- Initial deposit — USD 2,400.
- Monthly maintenance — USD 40.
- Internet banking fee — USD 9.
- Transactions — from USD 7.
Fees may vary depending on the account type and duration of banking relationship.
Is It Possible to Open an Account Quickly at DBS Bank
Delays and rejection of applications can be avoided by knowing exactly which documents a legal entity must prepare. You can significantly reduce preparation time by contacting our company. Incluence will help you open a DBS Bank account quickly. Our experts have extensive experience with this institution. You can ask your questions now by filling out the online application form on this page.
Free initial consultation on legal issues, related to the daily activities of the business
Frequently Asked Questions:
To open an account at DBS Bank Indonesia, you need to complete and submit KYC and AML bank forms, company incorporation documents, and personal documents of directors and beneficiaries. The bank may additionally request contracts with partners and other information. Key persons must undergo verification for successful account opening.
An account at DBS Bank can be opened remotely by sending the original documents by mail.
The current cost of maintaining an account at DBS Bank can be found on the bank’s website or by contacting our specialists.
The speed of account opening depends on the company’s specifics and response time to bank inquiries. Typically, account opening takes about 2 months.
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