DBS Bank is a leading foreign bank headquartered in Singapore. The bank offers dedicated schemes for student accounts. You will get all the useful features with the DBS student account like internet banking, interest on savings, mobile banking etc. You can use all these features on your phone through the app.
DBS student account can be opened easily through online mode or by visiting the branch. DBS Bank is a good option if you want to make transactions globally. The bank also offers account opening services for international students. Continue reading further to check all the major features of the DBS student account.
Table of contents
DBS Student Account: Major Highlights
The DBS student account offers all major banking services to international students. The bank also provides a facility for DBS Bank international transfer. You can transfer money, withdraw cash, start investments etc. Check some of the major features in the table below:
| Particulars | Details |
| Type of Account | Student Account |
| Eligibility Criteria | Students must be at least 18 years of age |
| Interest Rate on Savings | Up to 7% (1.5% bonus interest with DBS multiplier account) |
| Mobile and Internet Banking | Available online and through DBS PayLah App |
Also Read: Check here all the major features and benefits of SBI Zero Balance Account for international students
How to Open a DBS Student Account?
Opening a DBS student bank account is very easy. You can apply for a savings account through online mode or by visiting the nearest branch of DBS Bank. Check the steps below to open a savings account online:
- Visit the official website of DBS Bank
- Click on personal banking and go to the deposit section
- Select the ‘DBS Students Only’ section and check all the features of the DBS student account
- Click on ‘Apply Now’ and you will be redirected to the link for downloading DBS Digibank mobile application
- Fill the required information and upload the relevant documents
- The bank will verify the documents and the account will be opened
Eligibility Criteria for DBS Student Account
The eligibility criteria for the student bank account in this bank have been determined as per the requirements of international students. Check some of the basic eligibility requirements below:
- The students must be above 18 years of age
- Singaporeans and Permanent Residents (PRs) must have a Singpass account.
- Foreigners without a Singpass account may register for a Singpass account online and then submit after receiving the same
- There should be valid contact information such as a valid mobile number and a valid email address.
Also Read: Check here all about how much bank balance is required for Switzerland Visa
Benefits of DBS Student Account
Opening a student account with DBS Bank offers a range of benefits that suit the requirements of international students. The bank offers all major features like internet banking, ATM cards, credit cards etc which make managing finances easy in a foreign country. Check some of the benefits below:
Zero Monthly Fees
DBS student accounts come with zero monthly fees. There are no maintenance charges on savings, chequebooks or any other services. You can avail all the required services free of cost. The bank also provides extra interest on savings if you are below 29 years of age.
Easy Access to Funds
With the DBS Digibank app, you can access your funds anytime, anywhere. The app provides a seamless banking experience which allows you to transfer money, check your balance, and manage your finances with just a few taps on your smartphone.
Competitive Interest Rates
Enjoy competitive interest rates on your savings, helping your money grow while you focus on your studies. The bank provides up to 7% interest on your savings, including a 1.5% bonus interest with the DBS Multiplier Account.
Financial Planning Tools
The Plan & Invest tab in the Digibank app offers comprehensive financial planning tools. You will be able to track your expenses, set budgets, and receive personalised insights and expert tips to help you manage your finances effectively. These services are necessary for the students to understand financial planning.
Discounts and Perks
DBS partners with various merchants to offer exclusive discounts and perks to student account holders. You can get multiple attractive offers on dining, shopping, or entertainment. The deals on debit cards and DBS Bank credit cards of the bank provide you with a lot of discounts.
DBS is one of the major private-sector banks operating in India as well as abroad. International students can open an account with the bank easily by providing the required information and documents. Check some FAQs below:
FAQs
The DBS Student Account offers several features for students like the internet and mobile banking through the DBS PayLah app, interest rates on savings of up to 7% with an additional 1.5% bonus interest for DBS Multiplier Account holders etc.
To open an online account, you need to visit the official website of this bank. In the personal banking and the deposit section, select the ‘DBS Students Only’ section, and click on ‘Apply Now’.
Students must be at least 18 years old. Singaporeans and Permanent Residents (PRs) must have a Singpass account, while foreigners without a Singpass account need to register for one online and submit it upon receiving it.
There are numerous benefits, such as zero monthly fees, easy access to funds through the DBS Digibank app, competitive interest rates on savings etc.
No, the DBS Student Account does not have any monthly maintenance fees. There are no charges for services such as savings maintenance or chequebooks.
To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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