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Q.

How to Close DBS Bank Account?

view 80.6k Views

1

10 months

Comment

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A few months back, I wanted to close my DBS bank account but I didn’t know how to. So, I called a friend of mine who works at the bank and asked him how to close DBS bank account. He provided me with the steps and a few key information. I have all those steps below. 

How to Close DBS Bank Account Online?

Here are the steps that my friend told me

  • First of all, he told me to visit the

    official website of DBS

    Bank. 

  • Then, he asked me to use my User ID and PIN. 

  • Following that, he told me to complete the Authentication Process and go to the account closure page.

  • The next step was to select the DBS/POSB Current / Savings Account that I want to close and click on Next.

  • Now, I had to verify the details and click on Submit to complete the request. 

  • Finally, he told me to review the completion of the account closure.

  • Then, I had to click on Finish.

And that is how to close the DBS account online. After that, my friend also provided me with a few important information. Here are the details

  • He told me that, this process can be done only through the Digibank website, not the mobile app.

  • He also said that the account closure is permanent and cannot be reinstated. 

  • My friend also suggested me to transfer all funds in my account and ensure that the balance is zero. He also, told me that the DBS/POSB account is linked to Paylah! cannot be closed. 

And that is all he told me about how to close DBS bank account. I hope this helps. 

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