Among the 50 safest commercial banks in the world in 2021 announced by the American financial magazine Global Finance, Singapore DBS Bank ranked first!
Singapore The overall financial environment is safe and stable, and many high-net-worth individuals are more willing to open an account in Singapore. Today, we will share how to open an account on DBS Bank .
Photo/Source: DBS Bank official website
Singapore DBS Bank
DBS Bank (DBS), formerly known as Singapore Development Bank (Development Bank of Singapore), is the largest commercial bank in Singapore.
DBS Bank is one of the largest financial services groups in Asia, with business covering 18 markets. Headquartered in Singapore and listed locally, DBS's business covers three major growth axes in Asia, namely Greater China, Southeast Asia and South Asia. DBS has abundant capital, and its AA- and Aa1 credit ratings have been ranked among the highest in the world.
DBS Group was awarded the "Best Bank in the World" selected by "Eurocurrency", "Banker" and "Global Finance", confirming DBS Group's global leadership. DBS Group also led the industry to reshape the future of the banking industry with digital technology, and was selected as the "Global Digital Bank" by "Eurocurrency". In addition, DBS was awarded the title of "The Safeest Bank in Asia" by Global Finance Magazine for 12 consecutive years from 2009 to 2021.
Photo/Source: DBS Bank official website
DBS Bank's advantages
, very secure
, very safe
Singapore's overall financial environment is among the best in the world. The three local banks in Singapore have also ranked first in the world for 11 consecutive years. Among them, DBS Bank ranked first in 2021.
, multi-currency account
DBS Bank’s personal account opening supports multiple currencies. In addition to the default US dollar and SGD, it also includes New Zealand dollar , Australian dollar, Japanese yen, Hong Kong dollar, euro, British pound and other currencies. Basically, everything you need can be satisfied.
, rich financial management varieties
DBS Bank's investment and financial management products are very rich, including funds, stocks, foreign exchange, fixed income and other alternative investment .
, Flexible transfer of funds/transfers
A successful account opening can arrange income/transfers, the policies are relaxed, and the source of funds is simple to explain; offshore , online banking can operate transfers, collection or consumption and other businesses.
, convenient to use
has Chinese online banking and Chinese APP, which is convenient to use, and it is very convenient to operate through multiple channels such as counters, cash withdrawals, card swiping, online banking and wire transfers.
suitable for people
. People who hope to carry out asset planning reasonably to ensure the security of funds;
. Used for Hong Kong stock , U.S. stock investment
, travelers who live, work and study abroad or around the world;
, business people with cross-border trade and capital flow needs;
, immigrants who have immigration plans and need to transfer cross-border investment;
6, investors who hope to conduct global cross-border investment and asset planning.
Picture/Source: DBS Bank official website
Account opening information and process
, account opening information
①Fill in the form and provide a copy of the passport, ID card, statement of statement or bank statement, etc.;
②Change to the notary office to notarize, or to verify by law firm or accountant, send the scan first, and send the original to Singapore;
③Change the account manager within 120 days after the account is opened (the Singapore manager will come to the mainland after the epidemic control is lifted).
Note: 120 days are a video meeting; in addition, holding a Turkish passport in China, DBS Bank’s personal account requires a work permit and a tax number certificate.
Picture/Source: pexels.com
, account opening process
How do domestic high net worth individuals open a Singapore DBS Bank personal VIP account?
① Domestic DBS Bank opens a VIP account and provides an ID card to meet the minimum deposit requirement of RMB 1 million. The funds can be used as deposits or financial products, and there is no restriction in categories.
②After becoming a VIP in China, the bank provides account opening services for local DBS Bank in Singapore. Customers bring their ID card and passport (passports are valid for more than 6 months), go to a law firm to witness overseas account opening, without the need for an address certificate and visa. Domestic DBS Bank and lawyers will provide full service to help customers prepare overseas information, and customers only need to confirm.
③After the lawyer submits the materials, the local account opening in Singapore will be completed in 2 to 3 weeks. The client will receive the registration information from the email address, and the domestic DBS Bank will assist the client in registering an online banking and launching the account. You can transfer the account in and out with online banking. (Subsequent cards will be sent to customers. Due to the epidemic, they may be a little slower, but they will not affect the customer's account operation)
Picture/Source: pexels.com
If you have any questions about opening a personal account in Singapore DBS (DBS), you can send a private message or leave a message. Global Gouhaibao has in-depth cooperation with Singapore DBS Bank, UOB , Citibank , etc., which can provide you with one-stop financial management planning services.
