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Can work permit holder open a bank account in Singapore?

SINGAPORE - Employers will soon find it easier to open bank accounts for work permit holders from Oct 16. They can apply for a POSB salary crediting account when they submit applications for new workers on the Work Permit Online portal. Applying for work permits and bank accounts used to be separate processes.

What is POSB payroll account?

The POSB Payroll Account is designed to help all Work Permit holder's banking needs easier online. You can now manage and track salary payments with ease. Upon opening of Payroll Account, you will also be issued with a DBS Visa Debit Card.

Can work permit holder apply bank account in Singapore?

SINGAPORE - Employers will soon find it easier to open bank accounts for work permit holders from Oct 16. They can apply for a POSB salary crediting account when they submit applications for new workers on the Work Permit Online portal. Applying for work permits and bank accounts used to be separate processes.

How can I open FDW account in POSB?

For FDW: How to open your account online Passport (minimum 6 months validity) Work permit (front and back copies) or In-Principle Approval (IPA)1 Mobile number. Email address.

How do I contact POSB?

Call our 24-Hour Phone Banking Service at 1800 111 1111 or +65 6327 2265.

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Can foreign worker open bank account in Singapore?

To open a bank account as a foreigner in Singapore you'll need: Proof of Identity (Passport or ID card) Proof of Address (Utility bills, etc.) Employment Visa, S Pass, or Student Visa.

Can non resident open bank account in Singapore?

If you are a foreigner or not a resident of Singapore, then you can still open a bank account without any trouble.

Is DBS and POSB the same?

Established on 1 January 1877 as the Post Office Savings Bank, the bank now operates as part of DBS Bank, which acquired the institution and its subsidiaries on 16 November 1998. Prior to its acquisition, the bank was a major public bank offering low-cost banking services to Singaporeans.

What is the minimum amount to open a POSB savings account?

Details & RequirementsMinimum Age Requirement16Minimum Initial DepositS$0Minimum Balance RequirementS$500Fall-Below FeeS$2 (Waived if less than 21 or greater than 60 years old, recipient of public assistant, full-time National Service man or if it's the applicant's 1st account with POSB)

How do I book an appointment with POSB?

Use SMS "Q" Locate a DBS/POSB Branch using our Locator. Send "Q" to the Branch SMS number to receive a list of services they offer. Reply with the corresponding number indicated to request for a queue number. Receive an SMS notification when your turn is near.

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Can work permit holder open a bank account in Singapore?

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Can work permit holder apply bank account in Singapore?

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Can foreign worker open bank account in Singapore?

Can non resident open bank account in Singapore?

Is DBS and POSB the same?

What is the minimum amount to open a POSB savings account?

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