Expat banking provider
DBS
Regional expat bank
A Singapore bank account with multi-currency features, for residents, relocators and regional clients. Listed for comparison.
At a glance
- Provider type
- Singapore bank with expat / multi-currency proposition
- Legal status
- Bank
- Expat fit
- People moving to or living in Singapore. This is not described as a universal offshore account.
- Availability
- Singapore residents / relocators
- Account model
- Regional multi-currency bank account
- Currencies
- SGD plus 12 foreign currencies. That is 13 in total on My Account and Multiplier.
- Minimum / eligibility
- My Account can have no initial deposit and no account fees. Premium segments vary.
- Relocation continuity
- The proposition is Singapore-focused. A move away from Singapore can change what stays open. Confirm before you move again.
- Protection / safeguarding
- Singapore-regulated bank. Foreign-currency deposits have distinct protection considerations.
Is this actually a bank?
International banking apps and account providers can look similar while operating under different legal models.
Legal status: Bank.
DBS My Account, Multiplier and Treasures multi-currency accounts.
Described as a Singapore-regulated bank. Confirm the legal entity named on the account terms.
Who might use this account?
May be relevant to: People moving to or living in Singapore. This is not described as a universal offshore account. That describes the published focus. It is not a view on whether this account is appropriate for you.
Can you open it where you live?
Residence can affect onboarding, product availability, account entity and card eligibility.
Singapore-focused. Useful for residents, relocators and regional affluent clients.
Availability: Singapore residents / relocators. Confirm current eligibility with the provider.
Account model
DBS My Account, Multiplier and Treasures multi-currency accounts.
Regional multi-currency bank account. Bank.
Receiving salary and regular income
Not publicly stated. Confirm with the provider.
Local account details: Not publicly stated beyond the Singapore account itself.
Holding money in several currencies
Being able to transfer a currency is not always the same as being able to hold that currency.
SGD plus 12 foreign currencies. That is 13 in total on My Account and Multiplier.
Moving money between countries
Foreign-currency spending, remittance, a card, overseas transfer and digital banking.
Foreign-currency spending is described. The conversion price should be checked on the published tariff.
A transfer can involve your provider, a bank in the middle, and the recipient’s bank. A live price for those charges is not shown here.
Spending while abroad
A card is described.
A card is described. Overseas use and any conversion charge should be checked on the tariff.
Savings and cash management
My Account, Multiplier and Treasures are deposit accounts. Premium segments vary.
A current interest rate is not shown here.
What does the account cost?
The total cost can include a monthly account fee, a minimum-balance fee, transfer fees, FX conversion, intermediary bank fees, card charges and ATM charges.
Account features and pricing are published. My Account can have no initial deposit and no account fees. Premium segments vary.
My Account can have no initial deposit and no account fees. Premium segments vary.
Check the provider’s current tariff before opening an account.
What protection applies?
Bank deposit protection and payment or e-money safeguarding are different legal frameworks.
Singapore-regulated bank. Foreign-currency deposits have distinct protection considerations.
Customer-money protection depends on the legal entity, account type and jurisdiction.
What happens when you move again?
Servicing may continue, the legal entity may change, some products may be limited, cards or savings may be restricted, or a new local account may be needed.
The proposition is Singapore-focused. A move away from Singapore can change what stays open. Confirm before you move again.
Questions to ask
Can I open this account in my current country?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Can I keep the account if I move?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Which legal entity would serve me?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Is this a bank or a payment account?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Which customer-money protection applies?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Can salary be paid into the account?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Can I receive pension payments?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Which currencies can I hold?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Can I receive local transfers?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Can I send international transfers?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
What FX costs apply?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Does the account come with a debit card?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Can I use the card internationally?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Are there minimum balance requirements?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Is there a monthly fee?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Are savings products available?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Are there restrictions for certain nationalities?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
What happens if my tax residence changes?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Sources and review
Information is based on publicly available provider information reviewed by WiT Access. Account eligibility, fees, currencies and product features can change. Reviewed 6 October 2026.
Request an introduction
This form asks WiT Access to pass an enquiry about DBS. It does not mean a formal introducer agreement is in place, and it is not a paid referral. It does not mean the provider can open an account where you live.