FinanceHero / Singapore / Banking
See fees, balance requirements, ATM costs, cards and digital access side by side.
Savings accounts
| Account | Balance / monthly fee | ATM / transfers | Card / app | Eligibility | Key caveat |
|---|---|---|---|---|---|
DBS BankMy Account (SGD) | Opening: SGD 0Minimum: SGD 0No service charge; eStatements free. Paper statements SGD 2 monthly, waived through age 16. | ATM: Not availableTransfers: Not available | Debit card: YesApp: Yes | Personal online account age 16+; Singaporeans, PRs or eligible pass holders. NRIC/passport, address, tax-residency and relevant pass evidence. | Multi-currency account; comparison covers SGD use. Foreign-currency cash and overseas ATM services can have fees; no chequebook. |
OCBC Bank360 Account | Opening SGD 1,000; average daily balance SGD 3,000 for fall-below fee waiver.SGD 2 monthly fall-below fee; waived for the first year.Interest: Base interest 0.05% per year; additional bonus interest conditional. | ATM: Not availableTransfers: Not available | Debit card: Not availableApp: Yes | 18+; NRIC for Singaporeans/PRs or passport and valid pass for foreigners, plus address evidence. | Bonus interest depends on salary, saving, eligible spending or other conditions and balance tiers. Promotional/maximum rates excluded; eStatements only. |
Checked: 7 Oct 2026 · Sources: dbs.com.sg · ocbc.com
Fees may exclude statutory charges.