Basic Bank Account

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Convenient Withdrawals

Make cash withdrawals quickly and easily at our wide network of branches.

Island-Wide NETS Payments

Make NETS payments island wide with your ATM card.

Free Withdrawals

Withdraw funds for free at more than 200 atm5 machines in Singapore Look for the atm5 logo.

International Recognition

Use your ATM card to enjoy 24-hour global access to cash through the Cirrus and Maestro networks.

Standing Instructions

Standing instructions for regular payments.

Local Bill Payments

Make easy online payments to over 360 local billing organisations who have registered with us. Pay with your SC credit card or direct from your account.

Service	Charges
Minimum initial deposit	S$20*
Minimum average daily balance	S$0
Fall-below fee	S$0
Monthly service charge	S$2* (regardless of balance)
Early account closure fee (within 6 months)	S$30
Passbook replacement fee	S$30
* Waived for beneficiaries under of the MSF Public Assistance Scheme/Special Grant Scheme.

Eligibility

Nationality: Singapore citizen under Government’s Public Assistance Scheme / Special Grant Scheme
Age requirement: Minimum 15 years old
Initial deposit
- $0

Documents Required

Mandatory supporting documents for Singapore citizens:
- NRIC (front and back)
Government’s Public Assistance Scheme / Special Grant Scheme Card and/or Letter

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

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Operating just like a Passbook Savings Account, Basic Bank Account provides affordable basic banking services to low-income Singaporeans