www.dbs.com.sg I think it depends on what kind of plan you are going for. If it’s a fixed deposit account, sometimes they do allow deposits in foreign currencies, particulary USD. Generally speaking, there are only 2 banks that are considered local banks in Singapore. That is POSB, and DBS, which performed a merger many years ago. Other banks in Singapore such as UOB, OCBC, HSBC, Maybank, etc are actually overseas banks. POSB and DBS has branches overseas, and usually they do accept the host country’s currency over there. I would suggest that you check out their website and see what you can get from there.
If you want to use internet banking, you have to register yourself. For registration, you have to complete IDEAL Registration Form and Electronic Banking Board Resolution. After that, mail the completed documents back to DBS Bank Ltd. Then, you have to receive the Welcome Pack form DBS Bank Ltd. Lastly you have to mail back the acknowledgement letter for activation of token. If you want to login in your account, for that you have to write your user ID and password, then click on ‘login’ button. If you want to apply for internet and wireless application form (PDF), then Download it to apply for netbanking services.
Through current day balance and daily statements, account balances are available on internet banking. On real time basis, transaction in IDEAL are validated like Amount (non-zero value), Value Date, Complete of mandatory fields, such as Debit account and beneficiary name, beneficiary account number and ranch code. You can also see online rates for Unit Trusts, Structured Investments, S$ Deposits, Foreign Currencies, Loans for Property, personal, car, etc.
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