How to Close DBS Bank Account Online in 8 Easy Steps

Introduction

DBS Bank is one of the leading banks in Singapore, with over 4 million customers. If you’re one of them and you’re looking to close your DBS bank account, you can do so online in just a few minutes.

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How to Close DBS Bank Account Online

To close your DBS bank account online, you’ll need to:

Log in to your DBS IDEAL account.
Click on the “Accounts” tab.
Select the account you want to close.
Click on the “Close Account” button.
Enter your reason for closing the account.
Confirm that you want to close the account.
Click on the “Close Account” button.
Your account will be closed within 5 business days.

What Happens When You Close Your DBS Bank Account

When you close your DBS bank account, all of the funds in the account will be transferred to your nominated bank account. Any outstanding direct debits will be cancelled, and any standing orders will be stopped.

how to close dbs bank account online

You will no longer be able to access your DBS bank account online or through the DBS mobile app. You will also no longer receive any statements or other correspondence from DBS Bank.

How to Close DBS Bank Account Online in 8 Easy Steps

Reasons to Close Your DBS Bank Account

There are many reasons why you might want to close your DBS bank account, including:

You’re moving to a new bank.
You’re no longer using the account.
You’re concerned about the security of your account.
You’re having problems with the bank.

Benefits of Closing Your DBS Bank Account

There are several benefits to closing your DBS bank account, including:

You can save money on bank fees.
You can reduce your risk of identity theft.
You can simplify your finances.

Conclusion

Closing your DBS bank account online is a quick and easy process. If you’re no longer using the account, or if you’re concerned about the security of your account, it’s a good idea to close it.

Introduction