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POSB Account Services Centre for Work Permit Holders: Your Essential Guide

As a work permit holder in Singapore, managing your finances efficiently is crucial. POSB Account Services Centre has tailored a suite of services specifically designed to meet the needs of work permit holders, ensuring a seamless and convenient banking experience.

POSB Account Services for Work Permit Holders

POSB Everyday Passbook Account: A basic account that offers convenient access to your funds through an ATM card and passbook.
POSB Everyday Savings Account: An interest-earning account that provides greater returns on your savings. It also comes with a complimentary ATM card for easy access.
POSB Payroll Account: For work permit holders who receive their salary through POSB, this account offers additional benefits such as salary priority crediting and automatic payroll deductions.
POSB Home Remittance Service: A hassle-free and secure way to send money back to your home country at competitive exchange rates.

Benefits of Choosing POSB for Work Permit Holders

Wide Network of ATMs and Branches: With over 800 ATMs and 120 branches islandwide, you'll never be far from a POSB location for convenient cash withdrawals and deposits.
Multilingual Support: POSB staff in its branches and call centers speak multiple languages, including English, Mandarin, Malay, and Tamil, ensuring seamless communication.
Exclusive Incentives: Work permit holders who sign up for a POSB Everyday Savings Account may be eligible for exclusive welcome bonuses.
Value-Added Services: POSB offers a range of value-added services, such as mobile banking, online banking, and credit card services.

How to Open a POSB Account as a Work Permit Holder

Opening a POSB account is a straightforward process. You will need the following documents:

Your original work permit
Your passport
Proof of address (e.g., utility bill or tenancy agreement)

You can visit any POSB branch during business hours and apply for an account. The friendly staff will assist you with the application process and ensure that all your questions are answered.

posb account services centre for work permit holders

Tips for Work Permit Holders

Choose the Right Account: Consider your financial needs and goals when selecting a POSB account that best suits you.
Save Regularly: Setting up a regular savings plan can help you accumulate funds for future expenses or unexpected events.
Use Online Banking: POSB's online and mobile banking services provide convenient access to your account information and allow you to perform transactions anywhere, anytime.
Be Aware of Fees: Understand the fees associated with your account and transactions to avoid unnecessary charges.
Get Help When Needed: Do not hesitate to contact POSB's customer support team if you have any questions or encounter any issues.

Frequently Asked Questions (FAQs)

Question	Answer
Can I open a joint account with another work permit holder?	Yes, you can open a joint account with another work permit holder. However, you both must be present at the time of account opening.
What is the minimum balance required for a POSB Everyday Savings Account?	The minimum balance required for a POSB Everyday Savings Account is SGD 1,000.
Can I make online transfers from my POSB account?	Yes, you can make online transfers to other local and international banks through POSB's online banking platform.
What is the home remittance fee for sending money overseas?	The home remittance fee varies depending on the destination country and the amount being sent. You can find the latest fees on POSB's website.

POSB Account Services Centre is your go-to destination for all your banking needs as a work permit holder in Singapore. With its extensive range of services, multilingual support, and value-added features, POSB is committed to providing you with a seamless and convenient banking experience.

Additional Resources:

POSB Account Services Centre for Work Permit Holders: Your Essential Guide