POSB Bank

POSB Bank

POSB Bank (Post Office Savings Bank) is a Singapore-based bank that offers consumer banking services. Established on January 1, 1877, it is one of the oldest operating banks in Singapore.

POSBs currently operates as part of DBS Bank, which acquired the institution and its subsidiaries on November 16, 1998.

POSB Bank Singapore - Branch Entrance

 

The POSB bank is known for offering low-cost banking services while keeping costs particularly low on basic savings accounts and for children, full-time students under 21, and national military personnel working full-time, offering products and services to meet the financial needs of all Singaporeans.

In addition to the network of bank branches, you can also bank with the company using its Digital Lobby branches for 23 POSB VTMs, ATMs, and cash deposits or 864 ATMs to withdraw cash across the island, as well as online & mobile banking.

Among the POSB Singapore services are personal banking products such as savings accounts, investments, insurance, personal loans, and online banking.

POSB Bank Singapore - ATM

 

POSB Bank Singapore: Frequently Asked Questions

The POSB abbreviation stands for the Post Office Savings Bank, a name that was in use until 1998 when DBS Bank acquired POSB Bank.
POSB Phone Banking Service
  • Phone: 1800 111 1111 or +65 6327 2265 from overseas
The POSB Singapore Bank's SWIFT Code used for international payments is DBSSSGSG
There are several ways to register for POSB iBanking:
  1. Online at www.dbs.com.sg/bankonline
  2. Using digibank mobile app
  3. In one of DBS or POSB Bank Branches
  4. Using POSB Contact Centre at 1800 111 1111
  1. POSB Cashback Bonus Account This type of account does not require minimum account balance and allows to earn up to 130 SGD/month.
  2. POSB My Account This type of account is the simplest way to start with POSB Bank.
  3. eMySavings Account Special savings account with an option to save money with POSB every month easily.
  4. POSB SAYE Account This account allows getting an extra 2% interest annually when crediting salary.
  5. POSB Payroll Account This type of account is designed especially for ex-pats with Work Permit in Singapore to receive salary payments.
  6. POSB Payroll Account for Foreign Domestic Workers This account is designed to receive salary payments via online fund transfers and comes with POSB ATM NETS Contactless Card.
  7. POSB Smiley Child Development Account (CDA) This is a savings account for parents with a newborn, where the government of Singapore will match the savings amount, up to a certain limit. It allows earning up to 2% interest rate annually.
  8. POSB Smart Buddy This account is designed specifically for children and comes with in-school savings and payments using a card/watch. Parents can manage daily allowance, monitor expenses, track savings, auto-transfer savings to kid’s account, and set alarms and reminders.
  1. Through online application
    Choose a type of account at https://www.posb.com.sg and click "APPLY NOW" to apply for a personal or joint-alternate account variation.
  2. Apply for digibank Online
    - Go to https://internet-banking.dbs.com.sg - Then open your digibank savings account in just a few minutes - Then Download the digibank application - Fill in your personal details and complete KYC - Activate the digibank savings account through the app.
  3. Branch application
    Locate a Branch by using POSB Bank Locator and make an appointment.

POSB Bank Head Office

  • 12 Marina Boulevard, DBS Asia Central,
    Marina Bay, Singapore

POSB Bank Contact

Help & Support Centre

  • Phone – 1800 339 6666

Personal Banking

  • Lost Cards and Fraud Reporting
    from Singapore: 1800 339 6963
    from overseas: +65 6339 6963
  • DBS Phone Banking and General Enquiries
    from Singapore: 1800 111 1111
    from overseas:  +65 6327 2265
  • POSB Phone Banking and General Enquiries
    from Singapore: 1800 339 6666
    from overseas:  +65 6339 6666
  • DBS Wealth Management Phone Banking and General Enquiries
    from Singapore: 1800 221 1111
    from overseas:  +65 6221 1111
  • Housing, Car, Renovation & Study loans
    from Singapore: 6333 0033
    from overseas:  +65 6333 0033
    Hours: 9:00 am to 5:30 pm Mon – Fri, 9:00 am to 12:30 pm Sat excluding Public Holidays

Corporate Banking / SME Banking

  • DBS Phone Banking
    from Singapore: 1800 222 2200
    from overseas:  +65 6222 2200
  • General Enquiries
    from Singapore: 1800 222 2200
    from overseas:  +65 6222 2200 from overseas
    Hours: 8:30 am to 8:30 pm Mon – Fri excluding Public Holidays

POSB Bank SWIFT Code

  • POSB Banks Singapore, all branches: DBSSSGSG XXX

POSB Bank on the map


POSB Bank Branches


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