10 Nov '11, 12pm

DBS and SingPost announce banking services tie-up

DBS and SingPost announce banking services tie-up

SINGAPORE : DBS Bank and SingPost on Thursday announced a partnership to offer basic banking services at all SingPost outlets from January 3 next year. The tie-up will enable DBS/POSB customers to conduct banking transactions at 140 outlets, up from the bank's 80 branches currently. Banking services available to DBS/POSB customers at post offices include cash withdrawals and cash deposits. Customers can also submit a POSB Everyday Savings Account application form through a SingPost outlet. Companies with DBS accounts can deposit cash bags at four SingPost outlets, namely Bukit Batok Central Post Office, Jurong West Post Office, SingPost Centre Post Office and Yishun Central Post Office. Jeremy Soo, Managing Director and Head of Consumer Banking Group Singapore at DBS Bank, said: "Today, DBS already has the largest number of banking touchpoints in Singapore. This collaborat...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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