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20 June 2013

How to Get a Bank Certificate at POSB or DBS in Singapore?

Another requirement for the Federal Skilled Worker for the Canadian Immigration is the bank certificate. If you are in your country, I think it's easy to get one from your local bank.

Since we're here in Singapore, we need to know what are the requirements to get a bank certificate.

My account is in POSB bank and is also attached with their mother/sister company, which is DBS.  I went to the bank where I opened an account and is at POSB Jurong Point branch.

What is the Procedure to Get a Bank Certificate at POSB?
As a normal requirement, I brought my passport and my IC (Identification Card).  At the entrance of the bank, I asked the assistant about where to get a bank certificate.  This type of transaction will be at a different section of the bank, so she lead me to the right corner and handed me a queue number.

I waited for few minutes, around 30 mins for the queue.

It was my turn, I presented my passport and IC and told the lady attendant that I am requesting for a bank certificate that I need for my Canadian Immigration requirement.

How Much is the Cost of Bank Certificate in POSB?
So she asked me to fill up a form, which I finished for 5 minutes.  She asked me if I wanted to have the outstanding balance of my account printed on the bank certificate for yesterday or for today?  I requested to print the yesterday's balance because I withdrawn some cash a while ago.

She asked me to come back the next day and proceed to the cashier for payment of S$21.40.  This expense is listed at my other post, if you want to know some of the expenses in Singapore for the Canadian Immigration please check it here at EXPENSES.


SadBox said...

Hi Ben,

Do you really have to go to the branch where you open your account? Coz in my case, i'm living and working now in Jurong area and I open my account in White Sands Pasir Ris.

Also, I have a friend who just got his POSB bank certificate and he is worried because the contents of the letter are just the type of account (Savings), date opened and balance. There was no indication of the account number. Was the certificate you got the same?

Thanks for your reply.

Ben Alagnam said...

Yes, you need to go to the bank where you opened the account. Don't worry, mine is the same.

Unknown said...

Hi Ben,

How much is the needed balance on your account when you get a bank certificate?
Just curious as how much. What if the balance is too low for them.


Ben Alagnam said...

The minimum balance should be more than the settlement fund requirement. You can find the exact minimum amount in this link.

Unknown said...

Hi Sir,

What if I open my account thru online? Since this type is the new way to open an account in DBS. I need bank statements and certificate because Im also planning to visit Canada as a tourist.

Thank you and have a great day!

Unknown said...


Ben Alagnam said...

Hi Irish, go to DBS and request for a bank certificate and statements. Online or walk-in accounts, you still need those.

Unknown said...

Thank you so much Sir!

Unknown said...

Hi when you get the certificate is it notarized already or just the bank manager???

Ben Alagnam said...

It's not notarized yet, you have to do it yourself at a law firm.

Ben Alagnam - MeMovingToCanada