If you’re looking for a bank in Singapore, DBS and POSB are two of the most popular options. Whether you’re a local resident or a foreigner, these banks offer a wide range of financial products and services to meet your needs. In this article, we’ll give you the ultimate guide to DBS and POSB branches in Singapore, including everything you need to know about their locations, accessibility, digital banking services, customer support, and more.
DBS and POSB are two of the largest banks in Singapore, with a combined network of over 70 branches and more than 1,100 ATMs across the island. Both banks are part of the DBS Group, which is one of the largest financial services groups in Asia. As a result, they offer a wide range of financial products and services, including savings accounts, credit cards, loans, insurance, and investment options. They also have a strong focus on digital banking, with a suite of online and mobile banking services that make it easy to manage your account from anywhere, at any time.
Whether you’re looking for a bank with convenient branch locations, easy-to-use digital banking services, or a wide range of financial products and services, DBS and POSB have got you covered. In the following sections, we’ll take a closer look at what each bank has to offer, so you can make an informed decision about which one is right for you.
Key Takeaways
- DBS and POSB are two of the largest banks in Singapore, with a combined network of over 70 branches and more than 1,100 ATMs across the island.
- These banks offer a wide range of financial products and services, including savings accounts, credit cards, loans, insurance, and investment options.
- Both banks have a strong focus on digital banking, with a suite of online and mobile banking services that make it easy to manage your account from anywhere, at any time.
Understanding DBS and POSB
If you’re looking for a reliable banking solution in Singapore, DBS and POSB are two of the most popular options available. With a history dating back to the 1800s, these banks have been serving Singaporeans for over a century. In this section, we’ll take a closer look at the history of DBS and POSB, as well as the banking services they offer.
History and Merger
DBS (Development Bank of Singapore) was founded in 1968, while POSB (Post Office Savings Bank) has been around since 1877. Both banks played a significant role in Singapore’s financial industry, with POSB providing affordable banking services to the masses and DBS catering to the needs of businesses and corporations.
In 1998, DBS acquired POSB, creating the largest bank in Southeast Asia. This merger allowed DBS to expand its reach and offer a wider range of services to its customers. Today, DBS and POSB operate as a single entity, with POSB branches serving as a retail arm of DBS.
Banking Services Overview
DBS and POSB offer a comprehensive range of banking services, including personal banking, business banking, and wealth management. Whether you’re looking for a basic savings account or a sophisticated investment portfolio, these banks have you covered.
Some of the most popular banking services offered by DBS and POSB include:
- Savings accounts: DBS and POSB offer a variety of savings accounts, including fixed deposit accounts, multi-currency accounts, and eMySavings accounts. These accounts offer competitive interest rates and flexible withdrawal options.
- Credit cards: DBS and POSB offer a range of credit cards designed to suit different lifestyles and spending habits. From cashback cards to travel cards, there’s something for everyone.
- Loans: Whether you’re looking for a personal loan, home loan, or car loan, DBS and POSB offer a variety of loan products with competitive interest rates and flexible repayment options.
- Wealth management: DBS and POSB offer a range of wealth management services, including investment products, insurance, and retirement planning. These services are designed to help you grow and protect your wealth over the long term.
Overall, DBS and POSB are two of the best banks in Singapore, offering a wide range of banking services to suit different needs and lifestyles. Whether you’re a student, a business owner, or a retiree, these banks have something to offer you.
Branch Locations and Accessibility
Are you looking for a DBS or POSB branch near you in Singapore? Look no further! The banks have a wide network of branches and ATMs located across the island, making it easy for you to access their banking services.
Key Locations in Singapore
DBS and POSB branches are conveniently located in key areas across Singapore, including Ang Mo Kio Central, Clementi Central, Serangoon Central, Tampines, Toa Payoh, Woodlands, Hougang, Choa Chu Kang, Bedok Central, Bukit Panjang, Hougang Central, Jurong Point, Jurong West, Kovan, Square 2, Yishun, Bukit Timah, Bedok, Bukit Batok Central, Yew Tee, Tanjong Pagar, Tiong Bahru, Yishun Central, Jurong East Central, Kaki Bukit, Buona Vista, Eastpoint, White Sands, and Yishun West.
Opening Hours and Facilities
DBS and POSB branches are open from Monday to Friday, from 9:00 am to 4:30 pm, and on Saturdays from 9:00 am to 11:30 am. Some branches are also open on Sundays and public holidays.
In addition to the usual banking services, DBS and POSB branches also offer a range of facilities to make your banking experience more convenient. These include self-service machines, cash deposit machines, and video banking services.
ATM Networks
DBS and POSB have a wide network of ATMs located across Singapore, making it easy for you to withdraw cash and perform other banking transactions. You can find ATMs at all DBS and POSB branches, as well as at other locations such as shopping malls, MRT stations, and convenience stores.
In conclusion, DBS and POSB have a comprehensive network of branches and ATMs located across Singapore, making it easy for you to access their banking services. So, whether you need to withdraw cash, deposit money, or perform other banking transactions, you can do so conveniently and easily at a DBS or POSB branch near you.
Digital Banking Services
Are you tired of waiting in long queues at the bank? Do you want to manage your finances on the go? Look no further than DBS and POSB’s digital banking services! With a wide range of online and mobile banking options, you can easily manage your accounts, transfer funds, and pay bills from the comfort of your own home or on the go.
Online and iBanking
DBS and POSB’s online and iBanking services allow you to access your accounts, check balances, and manage your finances from anywhere with an internet connection. With over 150 online banking services available, you can easily transfer money, pay bills, and view online statements. You can also enjoy preferential rates and apply for credit cards instantly. Plus, with instant account opening, you can start banking with ease in no time.
Bank With Ease Online
Bank With Ease Online is DBS and POSB’s mobile banking app, which allows you to view your account balances, transfer money, and pay bills from your smartphone. With the app, you can also apply for new accounts and credit cards instantly, and manage your finances anytime, anywhere. Plus, with Workplace Wellness, you can enjoy exclusive deals and discounts on health and wellness services.
In conclusion, DBS and POSB’s digital banking services offer a convenient and secure way to manage your finances. With a wide range of online and mobile banking options available, you can easily access your accounts, transfer funds, and pay bills from anywhere with an internet connection. So why wait in long queues at the bank when you can bank with ease online?
Financial Products and Services
Looking for financial products and services that can help you achieve your financial goals? DBS and POSB offer an extensive range of financial products and services that cater to your every need.
Savings and Current Accounts
DBS and POSB offer a variety of savings and current accounts that come with attractive interest rates, cashback, and rewards. Whether you’re looking for a basic savings account or a high-yield savings account, DBS and POSB have got you covered.
Credit and Debit Cards
With DBS and POSB credit cards, you can enjoy a wide range of benefits, including cashback, rebates, and exclusive deals. Whether you’re looking for a card that offers dining privileges or one that gives you travel perks, DBS and POSB have a credit card that suits your lifestyle.
Loans and Financing
Need a personal loan or a loan to finance your HDB home? DBS and POSB offer a range of loans with attractive rates and flexible repayment options. Whether you need a fixed interest rate or monthly instalments that fit your budget, DBS and POSB have a loan that’s right for you.
Investment Opportunities
Looking to grow your wealth? DBS and POSB offer a range of investment opportunities, including bonds, funds, and equity trading. With DBS Treasures, you can access comprehensive wealth products and services that cater to your investment needs.
Whether you’re looking for a savings account, a credit card, a personal loan, or an investment opportunity, DBS and POSB have got you covered. With their extensive range of financial products and services, you can achieve your financial goals and live the life you’ve always wanted.
Customer Support and Services
When it comes to customer support and services, DBS and POSB are known for their excellent customer care. You can reach out to their hotline and customer care services at any time for assistance with your banking needs.
Hotline and Customer Care
If you need to speak to someone about your account or have any questions, you can call the DBS/POSB hotline at 1800 111 1111 (Singapore) or +65 6327 2265 (Overseas). The hotline is available 24/7, so you can get assistance whenever you need it. You can also contact them through their self-serve portal, saving you time from calling their customer service hotline or emailing them.
Account Services Centres
DBS and POSB have account services centres located throughout Singapore. These centres offer a range of services, including account opening, loan applications, and credit card applications. You can visit any of their centres to get assistance with your banking needs.
Safe Deposit and Treasures Services
DBS and POSB also offer safe deposit and treasures services for their customers. If you have valuable items that you want to keep safe, you can rent a safe deposit box at one of their branches. They also offer DBS Treasures Private Client Centre and DBS Treasures Safekeeping Service for their high net worth clients.
Overall, DBS and POSB offer comprehensive customer support and services to their customers. Whether you need assistance with your account, want to open a new account, or need to rent a safe deposit box, they have you covered.
Convenience and Offers
DBS and POSB branches offer an array of convenient services that allow you to manage your finances with ease. From updating personal details to transferring funds and paying bills, you can do it all at your nearest DBS or POSB branch.
Exciting Deals and Offers
DBS and POSB are known for offering exciting deals and offers to their customers. For instance, you can enjoy discounts on shopping, dining, and travel with your DBS or POSB debit or credit card. You can also earn rewards points that can be redeemed for vouchers, cashback, and other perks.
Travel and Shopping Benefits
If you love to travel or shop, you’ll be pleased to know that DBS and POSB offer a range of benefits that can help you save money. For example, you can enjoy complimentary travel insurance when you book your trip using your DBS or POSB card. You can also get discounts on hotel bookings, car rentals, and other travel-related expenses.
When it comes to shopping, DBS and POSB have partnered with various merchants to offer their customers exclusive discounts and promotions. You can enjoy discounts on fashion, electronics, groceries, and more. Plus, you can earn rewards points when you shop using your DBS or POSB card, which can be redeemed for vouchers and other rewards.
In summary, DBS and POSB branches offer a range of convenient services and exciting deals and offers that can help you save money and manage your finances with ease. Whether you’re traveling, shopping, or just need to update your personal details, DBS and POSB have got you covered.
Managing Your Account
Managing your DBS or POSB account has never been easier. With a wide range of services available, you can easily update your personal details and transfer funds with just a few clicks. In this section, we will explore some of the most popular services available to help you manage your account.
Personal Details and Updates
Keeping your personal details up to date is essential to ensure that you receive important notifications and have access to all the services you need. With DBS and POSB, you can easily update your personal details online. Simply log in to your account and navigate to the ‘Profile’ section. From here, you can update your contact information, address, and other personal details.
Transaction and Transfer Services
DBS and POSB offer a wide range of transaction and transfer services to help you manage your finances. Whether you need to transfer funds to another account or pay bills, you can do it all online. You can even set up recurring payments to ensure that your bills are paid on time every month.
Here are some of the most popular transaction and transfer services available:
- Transfer Funds: Easily transfer funds to another DBS or POSB account or to accounts at other banks in Singapore. You can even make international transfers to accounts in other countries.
- Pay Bills: Pay your bills online with just a few clicks. You can pay bills for utilities, credit cards, and more.
- Funds Transfer: Transfer funds to other accounts within DBS or POSB. You can even set up standing instructions to transfer funds automatically on a regular basis.
With these services, managing your DBS or POSB account has never been easier. So why wait? Log in to your account today and start managing your finances like a pro!
Frequently Asked Questions
What are the latest opening hours for POSB branches on weekdays?
POSB branches are typically open from 10:00 AM to 4:30 PM on weekdays. However, some branches may have extended hours, so it’s best to check with your local branch for their specific opening hours.
Can I find a POSB branch open for service on Sundays?
Yes, some POSB branches are open for service on Sundays. However, the opening hours may vary, so it’s best to check with your local branch for their Sunday opening hours.
Where’s the closest DBS branch to my current location?
To find the closest DBS branch to your current location, you can use the DBS Locator on the DBS website. Simply enter your location, and the locator will show you the nearest branch and its opening hours.
Are DBS and POSB branches interchangeable for banking services?
Yes, DBS and POSB branches are interchangeable for banking services. You can perform most banking transactions at either a DBS or POSB branch, including cash deposits, withdrawals, and transfers.
How can I open a POSB account at a DBS branch?
To open a POSB account at a DBS branch, you will need to bring your NRIC or passport, as well as proof of address. You can also apply for a POSB account online through the POSB website.
What are the unique bank and branch codes for DBS/POSB?
The unique bank code for DBS/POSB is 7171, and the branch code is a 3-digit number that identifies the specific branch where your account is held. You can find your branch code on your bank statement or by contacting your local branch.
