Opening Bank Accounts in DBS

Opening Bank Accounts in DBS

INTRODUCTION
What is DBS Bank?

DBS Bank is a multinational bank headquartered in Singapore and is one of the largest banking institutions in Asia. It was founded in 1968 as the “Development Bank of Singapore” to support the country’s economic development, and then transformed into a comprehensive commercial bank. The bank operates in 18 global markets, providing services in the areas of retail banking, corporate banking, asset management, and digital services.
The bank is headquartered in Singapore, a country known as one of the world’s hubs for innovation and finance. This strategic location has made DBS one of the most capable banks in keeping pace with the transformations in the financial services sector.
DBS is known for being a pioneer in digital banking services, having received numerous awards, including “Best Bank in the World” from prestigious financial institutions such as Euro money, The Banker, and Global Finance.

DBS BANK FEATURES:

🔹 Leadership in digital services:

• DBS is one of the first banks to adopt digital transformation, providing an integrated banking experience through mobile applications and websites.
• It is distinguished by providing banking services without branches, which facilitates transactions for customers from anywhere.
   
  🔹 Security and reliability:
• It is considered one of the safest banks in Asia according to the evaluations of international rating institutions.
• It uses advanced technologies in cybersecurity and data protection.
   
  🔹 Diverse Financial Services:
  The bank offers a wide range of products, such as loans, insurance, investment services, wealth management, and electronic payment solutions.• Banking accounts: Savings accounts and current deposits using the latest digital technologies.
• Wealth management: Integrated solutions for investors of all categories.
• Digital services: Innovative banking applications that enable easy and secure financial transactions.
   
  🔹 Commitment to Sustainability and Social Responsibility:
• It was the first bank in Singapore to commit to achieving net zero emissions by 2050.
• It invests in green projects and sustainable finance worth over S$70 billion.
   
  🔹 Outstanding Customer Service: It has won several awards for excellence in customer experience, and is known for its fast and efficient services. In short, DBS Bank is the first choice in Asia for those looking for a strong, reliable, and sustainable digital bank!
  🔹 The Bank’s Vision: DBS Bank believes that banking should be part of everyday solutions that make customers’ lives easier. Therefore, the bank always strives to provide the best digital banking experiences, while committing to providing safe and innovative services.

IMPORTANCE OF OPENING THE ACCOUNT

• Beyond preventing personal and business finances from becoming commingled, opening a dedicated account with DBS BANK-SIN will potentially make it easier for your venture to credit lines and expand in the future.
• As your business grows, you’ll also find that these specialist accounts are better suited to handling a large number of transactions — with higher direct trading facilities for varied business purposes.

PROCEDURE

At NDVI, we save you time and effort by offering banking facilities starting from a minimum of $9.9 million USD, through a streamlined process that is exclusively available to entrepreneurs aiming to grow their businesses and ventures. You can access all the details anytime directly from your own computer, hassle-free. NDVI makes it convenient for you to choose the type of bank account that aligns with your needs and complies with banking regulations.

Types of Accounts:

• A Basic Individual Account
• A Basic Business Account
• A Silver Business Account
• A Gold Business Account
• A Platinum Business Account

Documents: With submission of below listed documents, you are ready to begin your journey.
Company Trade License
Passport Copy of All Partners
MOU
Client Data
Audit Report for Last 3 years
Proof of Address
Company Profile