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How can I close the account? A written instruction in a form of a letter must be submitted and signed by 2 directors or the sole director in a sole directorship company. An account closure fee of S$50 will apply if the account is closed within 6 months from the date of account opening.
To terminate your DBS IDEAL access, you will need to provide us with an official letter detailing your request using your companys letterhead template. This letter must be signed by your companys authorised signatories.
How Do You Close a Business Bank Account? Step 1: Review Your Account. Step 2: Transfer or Close Linked Services. Step 3: Withdraw or Transfer Funds. Step 4: Contact Your Bank. Step 5: Formally Close the Account.
Only Personal or Joint Alternate Account can be closed online. The accounts listed below are not eligible for online account closure. Please visit a DBS/POSB branch to close the accounts.
(i) No monthly account fee (ii) Early account closure fee of S$30 will be charged if account is closed within 6 months. Q6. Do I have to put money into the DBS Multiplier Account?
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People also ask

How to close a trading account? Step 1: Notify your stockbroker. Step 2: Clear all pending balances and open positions. Step 3: Fill out the account closure form. Step 4: Sign the account closure form. Step 5: Submit the completed account closure form.
How to Close a Personal or Joint Alternate Account Using digibank online. Log in to digibank online with your User ID and PIN. Complete the Authentication Process and you will be directed to the account closure page. Select the DBS/POSB Current / Savings Account that you wish to close and click Next.
Under My Account, click Account Management. Under Online Instructions, click on Termination of Online Trading Account. Enter Termination Reason (if any). Check the acknowledgement box and click Preview.

closing dbs account