Are you a work permit holder in Singapore looking to open a bank account? POSB offers a Payroll Account specifically designed to make banking easier for you. You can manage and track your salary payments with ease, and upon opening the account, you will also receive a DBS Visa Debit Card. Use the card to make faster payments for your purchases and bus/train rides.
Opening a POSB Payroll Account is a straightforward process. All you need to do is provide the necessary documents, including your work permit, passport, and proof of address. You can apply for an account online or in-person at a POSB branch. Once your application is approved, you will receive your ATM card and PIN mailer within seven working days.
By opening a POSB Payroll Account, you can enjoy the benefits of not needing to maintain a minimum deposit or balance every month. Additionally, POSB offers a range of banking facilities and services to help you manage your finances. Read on to learn more about POSB Work Permit Accounts and how to open one.
Key Takeaways
- POSB offers a Payroll Account designed to make banking easier for work permit holders in Singapore.
- Opening a POSB Payroll Account is a straightforward process that requires the necessary documents.
- By opening a POSB Payroll Account, you can enjoy the benefits of not needing to maintain a minimum deposit or balance every month, and POSB offers a range of banking facilities and services to help you manage your finances.
Understanding POSB Work Permit Accounts
If you’re a work permit holder in Singapore, you may be interested in opening a POSB Work Permit Account. This account is specifically designed to make banking easier for work permit holders, allowing you to manage and track your salary payments with ease.
To open a POSB Work Permit Account, you’ll need to make a minimum deposit of $500. Once you’ve opened your account, you’ll be issued with a DBS Visa Debit Card. This card can be used to make purchases and tap for faster payment for your bus and train rides.
With your POSB Work Permit Account, you’ll enjoy an easier way to bank with quicker access to all the banking services you need. Banking online is simple with POSB digibank. You can activate your account, update and register your personal particulars, and download and register for POSB digibank all online.
If you’re a migrant worker, you can apply for a POSB Work Permit Account through the Work Permit Online Portal. Simply select “Bank Account” and click “Apply for a POSB Account”. You’ll need to enter your work permit number to search for your account. Once you’ve applied, POSB will notify your company of the outcome by post within 7 working days. If your application is approved, POSB will also post your ATM card and PIN mailer to your company’s address within 7 working days.
Overall, a POSB Work Permit Account can be a great way to manage your finances as a work permit holder in Singapore. With easy online banking, a convenient debit card, and a low minimum deposit, it’s a great option to consider.
Opening Your POSB Account
If you are a work permit holder in Singapore, opening a POSB account is a great way to manage your finances. With POSB, you can enjoy a range of account services and benefits, including easy access to your funds, online banking, and more.
Eligibility and Documents Required
To be eligible for a POSB account, you must be a work permit holder in Singapore. When applying for your account, you will need to provide the following documents:
- A valid passport
- Your work permit
- Proof of address (e.g. utility bill, rental agreement)
- Your employment pass (if applicable)
Step-by-Step Account Opening Process
To open your POSB account, follow these simple steps:
- Visit a POSB Account Services Centre or apply online through digibank.
- Fill out the application form and provide all required documents.
- Choose the type of account you want to open (e.g. My Account, Joint-Alternate Account).
- Set up your PIN and ATM card.
- Receive your user ID and password.
- Activate your account.
Activating Your POSB Account
Once you have opened your POSB account, you will need to activate it before you can start using it. To activate your account, follow these steps:
- Log in to your account through digibank.
- Follow the instructions to activate your account.
- Set up your user ID and password.
- Activate your PIN and ATM card.
With your POSB account activated, you can start enjoying all the benefits of online banking, including easy access to your funds, account management tools, and more. So why wait? Open your POSB account today and start taking control of your finances!
Banking Facilities and Services
When it comes to banking facilities and services, POSB has got you covered. Here are some of the services that you can expect to enjoy:
Digital Banking Solutions
With POSB’s digital banking solutions, you can bank anytime, anywhere. You can access your account balance, view transaction history, transfer funds, and pay bills all from the comfort of your own home. Simply download the POSB digibank app and you’re good to go.
POSB ATM Network
POSB has a wide network of ATMs all over Singapore. You can withdraw cash, check your account balance, and even deposit cash and cheques at any POSB or DBS ATM. Plus, with over 1,200 ATMs island-wide, you’re never too far away from one.
Salary Crediting Services
If you’re a work permit holder, the POSB Payroll Account is the perfect account for you. With this account, you can manage and track your salary payments with ease. Plus, upon opening the account, you will also be issued with a DBS Visa Debit Card. With this card, you can make purchases online or in-store, withdraw cash from ATMs, and even use it to pay for your daily commute on public transport with SimplyGo.
In addition to these services, POSB also offers PayNow and PayLah! services. With PayNow, you can send and receive money instantly using just your mobile number or NRIC. PayLah! is a mobile wallet that allows you to make payments, send money, and even collect payments from others.
Overall, POSB has a range of banking facilities and services that cater to your every need. With their digital banking solutions, extensive ATM network, and salary crediting services, banking has never been easier.