Singapore banks, and how your deposits are protected

The major Singapore retail banks and digital banks, each with the Monetary Authority of Singapore directory entry and the deposit-insurance position that applies to it. This is a coverage list, not a ranking and not an endorsement.

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The Deposit Insurance Scheme covers Singapore-dollar deposits with a full bank or finance company up to S$100,000 per depositor per member. Foreign-currency deposits are not covered, and a bank's advertised rate is not a product offer. Confirm a bank's status in the MAS directory before relying on it.

Banks

Institution	Deposit protection	Regulator
DBS Bank	SDIC, S$100,000 per depositor (SGD)	MAS directory
POSB	SDIC, S$100,000 per depositor (SGD); shares the DBS Bank licence	MAS directory
OCBC Bank	SDIC, S$100,000 per depositor (SGD)	MAS directory
United Overseas Bank	SDIC, S$100,000 per depositor (SGD)	MAS directory
Maybank Singapore	SDIC, S$100,000 per depositor (SGD)	MAS directory
CIMB Singapore	SDIC, S$100,000 per depositor (SGD)	MAS directory
HSBC Singapore	SDIC, S$100,000 per depositor (SGD)	MAS directory
Standard Chartered Singapore	SDIC, S$100,000 per depositor (SGD)	MAS directory
Citibank Singapore	SDIC, S$100,000 per depositor (SGD)	MAS directory

Digital banks

Institution	Deposit protection	Regulator
GXS Bank	SDIC, S$100,000 per depositor (SGD)	MAS directory
Trust Bank	SDIC, S$100,000 per depositor (SGD)	MAS directory

Source. Bank names and licensing are public facts recorded in the Monetary Authority of Singapore's Financial Institutions Directory. The deposit-insurance limit is the Singapore Deposit Insurance Corporation limit in force from 1 April 2024.