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AUTHORISATION FOR CLOSURE OF ACCOUNT To DBS Bank Ltd Technology Operations Account Services Simpang Bedok Post Office PO Box 216 Singapore 914808 I/We authorise you to close my/our following account with immediate effect Account Name Contact No. Account No. NRIC/PP No s Please update and mail the final statement/advice to this address Balance in my/our abovementioned account to be paid to me/us Crediting DBS/POSB Account No. Cashier s Order payable to A fee will be charged if the Cashier s...
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How to fill out how to close dbs:

01
Make sure you have all the necessary information and documents related to the dbs that you want to close.
02
Contact the appropriate authority or organization responsible for managing the dbs and inform them about your intention to close it.
03
Follow the instructions provided by the authority or organization on how to properly close the dbs, including any forms or paperwork that need to be completed.
04
Ensure that all relevant parties, such as clients or customers, are notified about the closure of the dbs and any necessary actions they need to take.
05
Properly dispose of any physical or digital records associated with the dbs, while ensuring that any sensitive or confidential information is securely destroyed or deleted.
06
Conduct a final review to ensure that all necessary steps have been taken to effectively close the dbs.

Who needs to know how to close dbs:

01
Individuals or organizations who have decided to discontinue a service, business, or project that requires the closure of the dbs.
02
Professionals such as administrators, executives, or managers who are responsible for overseeing the termination of the dbs and ensuring proper procedures are followed.
03
Compliance officers or legal teams who need to ensure that all regulatory requirements are met during the closure process.

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The deadline to close a DBS account in 2023 is typically the end of the calendar year. However, it is best to confirm the exact date with your bank or financial institution.
The penalty for the late filing of closing a DBS account is a fine of up to $10,000 and/or imprisonment for up to one year.
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