Opening POSB pay account for WP seekers made easier
MOM, DBS join hands to launch integrated application process
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Singapore
THE Ministry of Manpower (MOM) and DBS are launching an integrated application process from Oct 16, which will make it easier and quicker for Work Permit (WP) applicants to set up a POSB salary crediting account. As such, employers and WP applicants will not need to turn in individual applications to open a WP bank account, which effectively cuts down on paperwork and waiting time.
Instead, employers can apply for a POSB salary crediting account when they apply for WPs for their new employees on the Work Permit Online portal. After they have taken their new WP employees to the MOM Services Centre for card registration, they can visit the POSB Account Services Centre for Work Permit holders at Hong Lim Complex the next day to activate the bank account.
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