Wednesday, January 12, 2011

DBS Corporate debit and credit card: 2nd opinions from the same bank

Jan 12, 2011

In Dec 2010, I opened a company bank account (Design Travel Pte Ltd, at DBS Toa Payoh. The helpful customer service officer told me that it was almost impossible to get a corporate credit card unless one is chosen. It was by invitation only. Two days ago, I asked her about a debit card in which I put money into the current account. She phoned the DBS banking somewhere and was told there was no such instrument. I was surprised that DBS is so provincial.

Then today, I went to DBS Bishan. Imagine my surprise when Ms Irene Foo there told me that there was no problem opening a corporate debit account for a private limited company and gave me the forms to sign and documents required. She said the corporate credit card might be given to a company with proof of income and a bank officer would check this.

So, I wasted 2 months believing there was no such thing as a DBS corporate credit and debit card.

This episode shows that one must be proactive to search for info. It is obvious that I was barking up the wrong DBS tree in Toa Payoh.

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