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View Poll Results: Which one should I KEEP (not close down)?
DBS Savings Plus 4 22.22%
POSB Savings 14 77.78%
Voters: 18. You may not vote on this poll

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Old 28th December 2008, 05:37 PM   #1 (permalink)
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DBS or POSB Saving Account?

I have two savings accounts, one is DBS Savings Plus, and the other is POSB Savings. I'm going to close one account because of the 500 dollars minimum deposit. I'm under 21 so the deposit is not applicable to me right now. But I'll be 21 soon, so having two accounts means 500 each = 1000 $_$!

Out of these two accounts, which one do you recommend that I should keep, and which should I close?

I'm favouring POSB account as one of my part-time employers required me to have one. That suggests, it's more favourable in the financial sector that the employee has a POSB account. I also have a POSB debit card tied to my POSB account.

However my friend says it's better to have DBS account. I would like a second opinion from you guys!

Please don't recommend others like OCBC, RHB etc. as I plan to close either one of the two accounts I have, not both. It's a convenience that I can use both POSB and DBS ATM interchangeably.

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Old 28th December 2008, 10:08 PM   #2 (permalink)
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Re: DBS or POSB Saving Account?

For me I still prefer POSB.......... Since from day one I work....

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Old 28th December 2008, 11:23 PM   #3 (permalink)
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Re: DBS or POSB Saving Account?

for what i noe not all account must maintain 500 sgd de leh.. i gt account always less than 500 oso never deduct any extra amount

posb and dbs is the same ...

just that people have mindset that posb is much more safer ...

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Old 29th December 2008, 12:30 AM   #4 (permalink)
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Re: DBS or POSB Saving Account?

Originally Posted by C4l4MiTY View Post
for what i noe not all account must maintain 500 sgd de leh.. i gt account always less than 500 oso never deduct any extra amount

posb and dbs is the same ...

just that people have mindset that posb is much more safer ...
Mine inside left few dollar, still never deduct any charges like fall below $500 will deduct $2, yes, why people will think that dbs and posb is safe is because both are under temasek holding if anything go wrong they will sure pump in for them money, this is not applicable to other banks

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Old 29th December 2008, 06:29 AM   #5 (permalink)
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Re: DBS or POSB Saving Account?

posb and dbs is the same. open 1 can le

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Old 29th December 2008, 09:43 AM   #6 (permalink)
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Re: DBS or POSB Saving Account?

i gt both... i prefer those cuz got many of those ATM's outside... DBS &POSB the same anyway

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Old 29th December 2008, 10:04 AM   #7 (permalink)
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Re: DBS or POSB Saving Account?

lol...dbs and posb the same, no difference

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Old 30th December 2008, 12:27 PM   #8 (permalink)
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Re: DBS or POSB Saving Account?

Thank you all for ur comments and votes

Originally Posted by C4l4MiTY View Post
for what i noe not all account must maintain 500 sgd de leh.. i gt account always less than 500 oso never deduct any extra amount

posb and dbs is the same ...

just that people have mindset that posb is much more safer ...
Savings Account need to maintain 500$ minimum if you're 21 or above.

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Old 30th December 2008, 12:56 PM   #9 (permalink)
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Re: DBS or POSB Saving Account?

Isn't POSB under DBS? I'd choose DBS if u ask me

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Old 1st January 2009, 09:12 PM   #10 (permalink)
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Re: DBS or POSB Saving Account?

I'm gonna keep POSB Savings.

Happy New Year!

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Old 1st January 2009, 10:02 PM   #11 (permalink)
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Re: DBS or POSB Saving Account?

POSB = DBS

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Old 1st January 2009, 10:53 PM   #12 (permalink)
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Re: DBS or POSB Saving Account?

Originally Posted by Josh_ View Post
POSB = DBS
Not really. DBS owns POSB.

POSBank (or POSB) (Chinese: 邮政储蓄银行) is a brand of consumer banking services offered by DBS Bank in Singapore, after it was acquired by the latter in November 1998. Prior to this, it was a major public bank which began life as the Post Office Savings Bank, offering low-cost banking services to Singaporeans. DBS Bank attempts to continue this tradition by promising to keep costs low for basic savings accounts, and to exempt children, full time students below the age of 21 years and full time National Servicemen from bank charges.
POSBank - Wikipedia

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Old 15th January 2009, 04:21 AM   #13 (permalink)
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Re: DBS or POSB Saving Account?

If you want to close 1 account, I suggest close DBS one de.
Reason because with POSB saving account, you can go either POSB or DBS branches and still get the banking services. Not sure for vice versa, because I never own DBS account before.

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Old 15th January 2009, 11:58 AM   #14 (permalink)
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Re: DBS or POSB Saving Account?

Originally Posted by Kisuke View Post
Not sure for vice versa, because I never own DBS account before.
Vice versa also can. POSB and DBS are interchangeable at absolutely no inter-bank charge.

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Old 11th February 2009, 12:20 PM   #15 (permalink)
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Re: DBS or POSB Saving Account?

somehow i'm more inclined towards POSB. seems more friendly to me.

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