social-enterprise

Social Enterprise Package

Solutions to help you focus on your cause, not the cost

Social Enterprise Package

Solutions to help you focus on your cause, not the cost

    At a Glance
    Specifically designed to address the needs of social enterprises, this low-cost banking solution leaves you free to focus on your cause.
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    Fee Waiver

    Enjoy waivers for Business Account's set-up fee, monthly service fee, and annual administration fee, as well as IDEAL Telegraphic Transfer transaction fee1

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    Multi-currency account

    Transact in HKD and up to 13 foreign currencies, including AUD, CAD, CNY, CHF, DKK, EUR, GBP, JPY, NOK, NZD, SEK, SGD, and USD

    nature & ecology

    Carry out your daily business banking needs

    DBS offers social enterprises a comprehensive range of support services designed to help you grow

    Features & Benefits
    Social Enterprise Package Offers  
    Business Account Set-up Fee Waiver
    Business Account Monthly Service Fee Waiver
    Business Account Annual Administration Fee Waiver
    IDEAL Online Banking Telegraphic Transfer Transaction Fee1 Waiver for the first 3 months1
    ec-Loan Programme2 Preferential interest rate

     

    The Social Enterprise Package Promotion is subject to relevant terms and conditions. For details, please refer to Terms and Conditions.

    1IDEAL Online Banking Telegraphic Transfer Transactions Fee Waiver refers to waiver of the transaction fee levied on telegraphic transfer(s) conducted using IDEAL Online Banking within the 3 consecutive months (“Offer Period”) starting from the 1st day of the third month after the DBS Business Account(s) successfully opened and IDEAL Online Banking successfully activated. For the avoidance of doubt, any fees chargeable (including telegraphic transfer(s) transactional fee) on the successful opening of new Business Account(s) and successful activating of IDEAL Online Banking beyond the Offer Period shall still be payable to the Bank.  IDEAL Online Banking Telegraphic Transfer Transactions Fee Waiver is subject to a maximum fee waiver for up to 20 online banking outward telegraphic transfer(s) per calendar month and full wavier for online banking inward telegraphic transfer(s) during the respective Offer Period.  Eligible customer will be charged at the relevant standard transaction fee upfront. The rebate amount will be subsequently credited into the designated HKD account in the month following which the corresponding standard transaction payment(s) is/are made.

    2Customers must apply for the ec-Loan Programme successfully to enjoy the offer.

    How to Apply

    You may apply via our DBS Online Account Opening for Business.

    Alternatively, please download and complete the application form and submit it at any DBS SME Banking Centres.

    You may also Make an Appointment or call DBS BusinessCare at 2290 8068.

    Download PDF
    Account Opening Checklist
    Application Form
    Terms and Conditions
    FAQs
    What is a social enterprise?

    Social enterprises are businesses that have a social mission at their core and use sustainable commercial models to achieve this social mission. Their primary objective is to achieve positive social, cultural, community, economic and/or environmental outcomes. They sustain themselves with earned revenue, with no reliance on philanthropic funding to support their operations. 

    Traditional commercial models focus on delivering profits to shareholders and may contribute a portion of excess profits for social good; social enterprises focus on centring their operating models around achieving their social mission. Profits generated are committed towards strengthening their ability to create positive social impact and to clearly demonstrate such impact with measurement and reporting. 
    What is the eligibility for the Social Enterprise Package application?

    Customers must be listed as a social enterprise in the Social Enterprise Directory published by Social Enterprise Business Centre: https://socialenterprise.org.hk/en/sedb at the time the Bank processes the application of Social Enterprise Package. 
    What offers does DBS Bank provide to social enterprises?

    DBS has Social Enterprise Package offers that enable businesses who qualify to focus on their worthy cause. If the application is successful, the social enterprise will be eligible to enjoy the following special offers:

    • Business Account Set-up Fee: Waiver
    • Business Account Monthly Service Fee: Waiver
    • IDEAL Online Banking Telegraphic Transfer Transaction Fee1: Waiver for the first 3 months1
    • ec-Loan Programme2: Preferential interest rate
    What are the benefits of opening a Business Account with DBS?

    By opening a DBS Business Account, you can manage HKD, USD, RMB, and up to 11 other currencies in separate wallets under one account. Together with our DBS IDEAL online banking platform, you can conduct your daily business banking activities easily and conveniently. To find out more, please visit our Business Account page.

     

    To borrow or not to borrow? Borrow only if you can repay!