Deposit Account Minimum Balance Service Charge
Your deposit account will incur this service charge when your balance falls below the minimum average daily balance.
Important information
- To avoid incurring the Service Charge, ensure that your account meets the Minimum Average Daily Balance.
POSB Account
Account Type | Minimum Average Daily Balance (MADB) | Service Charge |
|
S$500 | S$2.00 per month |
|
S$1,500 (Maintained in linked POSB Savings Account) |
S$2.00 per month |
Effective 16 June 2019, POSB Savings - SPEP Account and POSB Savings - AF have been renamed as POSB Everyday Savings Account.
DBS Account
Account Type | Minimum Average Daily Balance (MADB) | Service Charge |
|
S$0 | S$2.00 per month (for customers on hardcopy statement) |
|
S$500 | S$2.00 per month |
|
S$1,000 | S$2.00 per month |
|
S$3,000 | S$5.00 per month |
|
S$3,000 | S$7.50 per month |
|
S$5,000 | S$7.50 per month |
*Total SGD$ equivalent Minimum Average Daily Balance (MADB) across all currency wallets.
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