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POSB / DBS Debit Card Singapore review

Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026

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Our verdict

POSB pairs a Singapore branch account with an easy-access savings balance paying 4.1% a year, and it suits expats who hold 19 currencies. Costs split two ways: a monthly fee of SGD 5 on the account, and a card conversion fee of 0.6% to 3.25% on foreign spend.

Key facts

Best for
Expats in Singapore who want local spending, savings and remittances under one bank.
Monthly fee
SGD 5↗
Currency conversion fee
0.6% to 3.25%↗
Currencies
19↗
Transfer fee
S$0 transfer fee on DBS Remit in the destination country's local currency (selected countries); Regular Overseas Funds Transfer via OTT: 1/8% handling commission (min S$10, max S$120) plus S$20 cable charge to non-DBS accounts↗
Legal entity
DBS Bank Ltd (Co. Reg. No. 196800306E)↗
Headquarters
Singapore↗
Support channels
Help-centre, Phone↗
Audience
Expats
Features
Joint account
Official website
posb.com.sg

Savings

Headline rate
4.1%↗
Rate type
Variable↗
Minimum deposit
SGD 0↗
Access terms
Savings account with no stated term; base interest credited on the last day of each month↗
Account kind
Easy access↗

Money transfer

Delivery time
Same-day via DBS Remit (cut-off before 12.00pm Mon-Fri); 2-4 working days via Outward Telegraphic Transfer↗
Payout methods
Bank, Cash-pickup, Wallet↗
Fee to send 1,000
SGD 0↗

Facts checked September 26, 2026, 6 sources

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaXLinkedIn

Pros and cons

Pros

  • Savings pays 4.1% at a variable rate, with base interest credited on the last day of each month
  • No starter balance needed, since the minimum deposit is SGD 0
  • Remittances reach bank, cash pickup and wallet across 19 currencies
  • A joint account is available through joint account

Cons

  • A monthly fee of SGD 5 applies, where the median fee across accounts on the site is €0
  • Card conversion runs 0.6% to 3.25%, while the site median is 0.5%
  • Support runs on help centre and phone only
POSB / DBS Debit Card Singapore

Ready to try POSB / DBS Debit Card Singapore?

Scored 8.8 / 10 by VaultCue.

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Who it suits

  • Expats based in Singapore, the stated audience for the account
  • Readers who need 19 currencies for paying bills and sending money home
  • Couples who want a joint account (joint account) with no stated term on the savings side

Who should look elsewhere

  • Card spenders watching the conversion charge should compare AXI Card Tarjeta y Credito at 0% with the 0.6% to 3.25% range on this card
  • Readers who only care about the conversion rate can weigh XTB at 0.5% and Skrill at 3.99% against 0.6% to 3.25% here

How POSB / DBS Debit Card Singapore compares

Where POSB / DBS Debit Card Singapore is available

Available
Singapore

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

What does the account cost each month?+

The account charges a monthly fee of SGD 5, where the median fee across accounts on the site is €0. That sits above the middle of the market, so anyone who only needs somewhere to hold a balance should compare free accounts before opening this one.

What interest does the savings balance pay?+

The savings account pays 4.1% on a variable rate, so the figure can move rather than being locked for a term. It carries no stated term, and base interest is credited on the last day of each month. The median saved rate across the site is 3%.

Is there a minimum deposit to open it?+

The minimum deposit is SGD 0, so there is nothing to fund before opening. The median minimum deposit across accounts on the site is €0.11, which means many alternatives ask for a starter balance. Anyone building a balance from scratch can open this one with no money in it.

What does it cost to convert currency on card spend?+

Conversion on the card runs 0.6% to 3.25%, set against a site median of 0.5%. Anything bought in another currency carries that charge on top of the network rate, so frequent foreign spend quietly eats into the 4.1% paid on the savings balance.

How many currencies can I send and receive?+

International transfers cover 19 currencies. Money can land in a bank account, at a cash pickup point or in a wallet, through bank, cash pickup and wallet. For anyone sending money home every month, that spread of payout options decides whether the recipient pays a second fee at the other end.

How much does sending money abroad cost, and how long does it take?+

DBS Remit carries a transfer fee of SGD 0 when the money is sent in the destination country's local currency, in selected countries, and it can arrive the same day. Outward Telegraphic Transfer adds a handling commission and a cable charge to non-DBS accounts, and takes longer to land.

How do I get help if something goes wrong?+

Support runs on help centre and phone, so a phone call or the help centre covers most questions. Card charges, remittance cut-offs and savings interest all sit with the same bank, which is DBS Bank Ltd (Co. Reg. No. 196800306E). There is no live chat listed for quick questions outside opening hours.

Who is the account aimed at?+

It is aimed at expats, the stated audience for the account, and it is run by a bank based in Singapore. A joint account is available through joint account, so couples or housemates can share one balance and the same interest.

Sources

Compiled from 8 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: Licence type, Deposit protection.

POSB / DBS Debit Card Singapore

POSB / DBS Debit Card Singapore

Expats in Singapore who want local spending, savings and remittances under one bank.

8.8/10See alternatives