MOM and DBS unveil integrated process for work permit applicants

It’s now easier to open bank accounts for WP applicants.

The Ministry of Manpower (MOM) and DBS will launch a one-stop process for Work Permit applicants to open a POSB salary crediting account as part of the WP application process.

Employers and WP applicants who take up this option will no longer need to submit separate applications for the WP bank account opening, thus reducing the paperwork and waiting time taken to set up a bank account for the WP applicants.

With this new MOM-DBS initiative, employers can now apply for a POSB salary crediting account when they request for issuance of WPs for their new WP employees via the Work Permit Online portal.

Employers will bring their new WP employees to the MOM Services Centre for card registration on their selected appointment. The following day, the WP employees can visit the POSB Account Services Centre for Work Permit holders at Hong Lim Complex to simply activate the bank account and collect the ATM card.

There is no minimum account opening deposit required for the POSB salary crediting account. The account is packaged with an ATM card, which allows the workers to check their account balance and access funds via ATM.
DBS has also installed ATMs at Recreation Centres and dormitories to offer more convenient access for the workers. In addition, employers could now use DBS salary credit service to credit salary into the workers’ accounts.

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