Singapore Expats

Posted: **Thu, 19 Jul 2012 10:50 am**

Hi all,

Does anyone have any advice for opening a checking/current account for a Short Term Stay (~3 months)? I checked DBS and for EP holders they have a S$1000 minimum and a fee for closing the account within 6 months. Not that bad but not having the minimum balance and time requirement would be nice. Thanks!

Posted: **Thu, 19 Jul 2012 1:13 pm**

Try POSB. although you may have to pay extra $10-15 for the cheque book.

Posted: **Thu, 19 Jul 2012 1:18 pm**

@moolh2000 : thanks but it seems like POSB has the same account conditions for EP holders as DBS.

Posted: **Thu, 19 Jul 2012 1:19 pm**

POSB will have the same six month term that DBS does. They're the same bank.

You're going to have a hard time finding any bank without that term OR a high minimum deposit. The whole point of either is so they don't lose money on you as a customer.

Singapore Expats

Good banks in Singapore for the short term?

Good banks in Singapore for the short term?