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INVESTMENT BANKING | Staff Reporter, Singapore

DBS to offer banking services at all SingPost outlets

The partnership will nearly double DBS’ number of banking outlets to 140.

DBS Bank Ltd and Singapore Post Limited announced a landmark partnership to offer basic banking services at all SingPost's outlets from 3 January 2012. This first-of-its-kind tie-up in Singapore between a postal service provider and a bank will enable DBS/POSB customers to conduct banking transactions at 140 outlets, up substantially from the bank’s 80 branches today.

Banking services available to DBS/POSB customers at post offices include cash withdrawals and cash deposits. In addition, customers can also submit a POSB Everyday Savings Account application form through a SingPost’s outlet as an additional convenient touchpoint. DBS corporate banking customers also have the option of depositing cash bags at four SingPost outlets, namely Bukit Batok Central Post Office, Jurong West Post Office, SingPost Centre Post Office and Yishun Central Post Office.

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