International account provider
DBS
Singapore 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
- Availability
- Singapore-focused
- Account model
- Multi-currency bank account
- Currencies
- SGD plus 12 foreign currencies. That is 13 in total on My Account and Multiplier.
- International transfers
- Foreign-currency spending, remittance, a card, overseas transfer and digital banking.
- Minimum / eligibility
- My Account can have no initial deposit and no account fees. Premium segments vary.
- Protection / safeguarding
- Singapore-regulated bank. Foreign-currency deposits have distinct protection considerations.
Is this actually a bank account?
International money-management products can look similar in an app while being legally very different.
Legal status: Bank.
DBS My Account, Multiplier and Treasures multi-currency accounts.
Singapore-regulated bank. Foreign-currency deposits have distinct protection considerations.
Who it may suit
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 suitable for you.
Can you open it where you live?
Singapore-focused. Useful for residents, relocators and regional affluent clients.
Availability: Singapore-focused.
Eligibility may depend on residence, nationality, immigration status or local provider entity.
Which entity holds the account?
The provider brand and the legal account entity are not always the same thing.
Described as a Singapore-regulated bank. Confirm the legal entity named on the account terms.
Account model
DBS My Account, Multiplier and Treasures multi-currency accounts.
Multi-currency bank account. Bank.
Holding money in different currencies
Being able to send a currency is not always the same as being able to hold a balance in that currency.
SGD plus 12 foreign currencies. That is 13 in total on My Account and Multiplier.
Receiving salary and other payments
Not publicly stated. Confirm with the provider.
Local receiving details: Not publicly stated beyond the Singapore account itself.
Sending money internationally
Foreign-currency spending, remittance, a card, overseas transfer and digital banking.
A transfer can involve your provider, a bank in the middle, and the recipient’s bank. The workbook does not publish a live price for those charges.
FX and currency conversion
Foreign-currency spending is described. The conversion price should be checked on the published tariff.
Cards
A card is described.
What does the account actually cost?
The total cost can include a monthly account fee, a minimum-balance fee, transfer fees, FX conversion, intermediary bank fees, card charges, ATM charges and a premium plan.
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.
The applicable framework depends on the provider entity and jurisdiction. The protection framework depends on the legal entity serving you and where the account is booked.
Will the account still work if you move?
An account may stay as it is, move to another entity, lose some features, stop taking new money, restrict the card, close, or need a new local account. Eligibility can change with residence.
The proposition is Singapore-focused. A move away from Singapore can change what stays open. Confirm before you move.
Questions to ask
Can residents of my country open this account?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Is this a bank account or payment account?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Which legal entity serves me?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Where is the account legally booked?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Which protection or safeguarding regime applies?
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.
Which currencies can I receive?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Can I receive salary or pension payments?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Do I get local account details?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Can I make international transfers?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
What FX margin or conversion fee applies?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Are there monthly fees?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Is there a minimum balance?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
What happens if I move country?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Can I keep the account after changing tax residence?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Are there restrictions for US persons or other nationalities?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Can the account hold large balances?
Confirm the current answer with DBS. It depends on the legal entity, your residence and the product.
Are incoming international transfers charged?
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 terms can change. Reviewed 6 October 2026.