Business Bank Account | Online Business Account Opening

Business Bank Account | Online Business Account Opening | DBS SME Banking HK

Business Account

Open your Business Account online in as fast as 1 working day^##

Business Account

Open your Business Account online in as fast as 1 working day^##

At a Glance

24/7 convenience

Open a Business Account with DBS online and experience ultimate convenience. Together with our DBS IDEAL online banking platform, you can manage business banking anytime, anywhere

Safe

DBS has "AA-" and "Aa1" rating, and has been accorded the “Safest Bank in Asia” according to Global Finance for 15 consecutive years from 2009 to 2023.

‘DBS Online Account Opening for Business’ Step-by-step guide (Applicable to Hong Kong Incorporated Entities with shareholders and directors with Hong Kong ID)

Account opening can be completed in as fast as 1 working day for Hong Kong-incorporated entities with all shareholder/director/sole proprietor/partner holding a Hong Kong Permanent Identity Card. Subject to eligibility and conditions.

‘DBS Online Account Opening for Business’ Step-by-step guide (Applicable to Hong Kong Incorporated Entities with shareholders or directors with Mainland China ID)

For Hong Kong-incorporated entities with at least 1 shareholder/ director/ sole proprietor/ partner holding the People’s Republic of China Resident Identity Card, account opening can be completed in as fast as 5 working days. Subject to eligibility and conditions.

Features & Benefits

Multi-currency Savings Account

Open a Business Account with DBS in Hong Kong for hassle-free auto-currency wallet creation when completing FX transactions or inward remittances. Supporting up to 14 currencies including AUD, CAD, CNY, CHF, DKK, EUR, GBP, HKD, JPY, NOK, NZD, SEK, SGD, and USD

24/7 Instant Foreign Exchange**

Round the clock FX service, including customised FX watchlist, real-time price alert and FX transactions at any time via Instant FX Conversion

Real time payment and collection status with SWIFT gpi**

Receive real-time updates on where the funds are along the payment chain for better cash management

Cross-border payment efficiency

Open a Business Account with DBS online and experience cross-border payment in 10 mins^{^^^}within DBS Network via DBS PriorityPay

Instant fund transfer via FPS with high transaction limit**

Up to HK$250 cash rebate^{^^} per month on real-time Faster Payment System (FPS) payment via IDEAL. 24/7 transactions and support up to HKD 5 Million/RMB 5 Million per transaction

Xero integration**

Connect your DBS Business Accounts to Xero accounting software to generate automatic bank feeds

Run your business effortlessly

Open a Business Account with DBS online and experience personalised dashboard, real-time alerts, and account e-statements for your business on DBS IDEAL online banking platform

Enhance your end customers’ experience with DBS’ APIs

Seamless business banking service to your systems or platforms via DBS RAPID with real-time business information and transactions

##Subject to eligibility and conditions.
**DBS IDEAL online banking platform is required for this product and service
^{^^}Refer to the FASTER PAYMENT SYSTEM ("FPS") section here for FPS payments rebate

Please click here for the terms and conditions governing business accounts

Remark: Please note that if the end-of-day balance of your corporate deposits in the currency of Euro (EUR), Swiss Franc (CHF), Japanese Yen (JPY) or Danish Krone (DKK) exceeds the bank’s defined threshold, monthly charge will be applied. For details, please click here.

^{^^^}Subject to regulations in the beneficiary market.

Get your DBS Business Account seamlessly in 3 simple steps.

1.   Submit your application. Fill out the application form in as fast as 15
minutes+
Complete the application form and submit supporting documents online.
2.   Verify your identity
Authenticate your identity online.
3.   Account opened
Enjoy our array of intelligent and intuitive banking services.

^{+ Base on actual online account opening application form filling case.}

Apply on DBS IDEAL Mobile App

Go beyond desktop submissions and enjoy mobile app-based onboarding experience on DBS IDEAL Mobile

Apply for a Business Account, track your application status, and manage your finances in a single app

DBS App Icon QR Code

FAQ

	What is a business account?
	A business account is a bank account opened in the company’s name that is used for processing day-to-day business receipts, payments to supplies, payroll to employees, and other business expenses, including office rents and utility payments. Any records of income and expenses processed through a company’s business account will be used for filing tax returns.

	What documents are needed to open a business account?
	Please refer to the Online Account Opening for Business Document Upload Guide and prepare the required documents accordingly, to open a business account at DBS easier.

	What are the benefits of opening a business account?
	A business account offers business banking services, such as bulk payroll, accounting, business loans, business insurance, business debit cards, etc. With a business account, you can easily file tax returns with existing business transaction records. It will help avoid confusion with income and expenses from your personal account and make organising business expenses easier.

Procedure for opening a business account

Just complete a few simple steps and you can easily open an account!
1.   Check out the Online Business Account Opening Document Upload Guide and prepare the required documents accordingly.
2.   Complete the application form with your company details and upload required documents online, then submit the application form.
3.   After receiving the verification email, you can complete the online identity verification*** with your mobile phone swiftly.
4.   Fund in within 30 days and get your account activated!

*** In order to open a business account through online identify verification, certain eligibility requirements and conditions will be applied.

Business Account