POSB

Did you know?

When POSB was established in the year 1877, it was under the control of the British colonial government. However, when Singapore separated from Malaysia in 1965, control of the bank was transferred to Singapore’s Postmaster General in 1996. It was not until 1972 that the government turned the bank into a statutory corporation.

Overview and Founding Story With History of POSB in Singapore

The Post Office Savings Bank (POSB) was founded by the British colonial government in the year 1877. The aim of this bank was to provide financial solutions to low-income earning people. Due to the separation of Singapore and Malaysia, the management of POSB was handed over to the Postmaster General of Singapore in  the year 1966. In order to improve the bank’s operations, it was converted to a statutory corporation by the government of Singapore in 1972. Further, in 1998, POSB was acquired by DBS. Now, POSB is operated as a functional part of DBS with its own individual products and services.

POSB’s Product Portfolio in Singapore

Personal Banking

  • Insurance
    • Travel Insurance
      • BBM Travel Insurance
      • TravellerShield Plus
    • Home Insurance
      • ManuProtect Decreasing - Mortgage Insurance
      • Maid Protect
      • myHome Protect
    • Car Insurance
      • Car Insurance
      • DriveShield Plus
    • Protection Plans
      • ManuProtect MoneyBack - Full refund of premiums
      • ManuProtect Term - Term Life Insurance
      • ManuProtect Decreasing - Mortgage Insurance
    • Wallet & Card
      • CardCare Protector
    • Endowment: Retirement Plans
      • Manulife SmartRetire
      • RetireReady Plus
      • Manulife SmartWealth
    • Income Stream Plans
      • ReadyPayout Plus - Endowment with Yearly Payout
      • Manulife ReadyIncome
      • ManuFlexi Growth – Endowment Life Insurance
      • ReadyBuilder
    • Personal Accident Plans
      • Easy Protect
      • Prime Protect
    • Health Plans
      • MyShield Insurance Plan
      • MyHealthPlus Insurance Plan
      • MyCare
  • Credit Cards
    • POSB Everyday Card
  • Debit Cards
    • PAssion POSB Debit Card
    • HomeTeamNS-PAssion-POSB Debit Card
  • Investments
    • Unit Trusts
      • POSB Invest-Saver
    • Equities
      • DBS Vickers Online Account
      • Young Investor Account
    • Foreign Currencies
      • FX Services
      • Currency Linked Investment
    • Fixed Income
      • Singapore Savings Bonds
    • Other Investments
      • CPF Investment Account
      • Structured Deposits
      • Supplementary Retirement Scheme

Awards

Following is the list of awards received by POSB

  • Loyalty and Engagement Awards:
    • Best Use of CSR - POSB Run for Kids 2017
    • Best Customer Experience - POSB Smart Buddy
    • Best Use of Mobile - POSB Smart Buddy
  • Mob-Ex Awards Presented by Marketing Magazine:
    • Best App - Consumer Brand (POSB Smart Buddy Programme)
    • Best App - Utility (POSB Smart Buddy Programme)
    • Best App - Creativity (POSB Smart Buddy Programme)

Social Responsibility and Sustainability Initiatives

In order to support community development and also to promote financial literacy amongst Singaporeans, POSB has been conducting community programmes since 1877. The bank, the officers, and the managers have actively participated in these programmes. The various community programmes are:

  • POSB PAssion Run for Kids: This programme has been the annual largest kids charity since 2008 and has helped raise over S$7 million. It currently supports over 400,000 children with 108 programmes offered.
  • Saving Programmes for children in need: In collaboration with CDCs (Community Development Councils), POSB has created savings programmes which have aided over 8,000 children hailing from less privileged families.
  • POSB-NLB Kids’ Lit Quiz: POSB collaborated with the National Library Board (NLB) for this quiz meant to encourage kids in Singapore to read.
  • POSB Active Neighbours: Along with the Council for Third Age or C3A, POSB introduced this initiate in 2009 with an aim to encourage lifelong learning and maintain an active lifestyle to Singaporean retirees by providing part-time work opportunities.

Other initiatives include:

  • Provide Digital Literacy Training to Seniors
  • Sharing the POSB story with Singapore
  • Empowering persons with Special Needs
  • Raising Awareness of Dementia

Where to Go If You Want to Withdraw Cash [ATM Network]

Branch Name Address Working Hours
Account Services Centre
(For Work Permit Holders)
7 Kaki Bukit Avenue 3 #01-08/09/10/11/12 Kaki Bukit Recreation Centre Singapore 415814 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Ang Mo Kio Central Branch Blk 712a Ang Mo Kio Avenue 6 #01-4066 Singapore 560712 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Bedok Blk 213 Bedok North Street 1 #01-103 Singapore 460213 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Bukit Batok Central Branch Blk 636 Bukit Batok Central #01-02/04 Singapore 650636 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Bukit Panjang Branch Blk 260 Bangkit Road #01-15 Singapore 670260 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Buona Vista Branch Blk 43 Holland Drive #01-59 Singapore 270043 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
CentrePoint Branch 176 Orchard Road #01-27 CentrePoint Singapore 238843 Mon - Sat: 11:00 a.m. – 7:00 p.m.
Closed on Sundays and public holidays
Clementi Central Branch Blk 449 Clementi Avenue 3 #01-243 Singapore 120449 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Compass One Branch 1 Sengkang Square #02-05/06 Compass One Mall Singapore 545078 Mon - Sat: 11:00 a.m. – 7:00 p.m.
Closed on Sundays and public holidays
Heartland Mall Branch Blk 205 Hougang Street 21 #03-00 Heartland Mall Singapore 530205 Mon - Sat: 11:00 a.m. – 7:00 p.m.
Closed on Sundays and public holidays
Hougang Central Branch Blk 805 Hougang Central #01-102/104 Singapore 530805 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
ITE College Central Branch 2 Ang Mo Kio Drive Blk A #01-10 Singapore 567720 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Jurong East Central Branch 21 Jurong Gateway Road #01-03 CPF Jurong Building Singapore 608546 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Jurong Point Branch 1 Jurong West Central 2 #B1-20 Jurong Point Shopping Centre Singapore 648886 Mon - Sat: 11:00 a.m. – 7:00 p.m.
Closed on Sundays and public holidays
Jurong West Branch Blk 501 Jurong West Street 51 #01-279/281 Singapore 640501 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Kampong Ubi Branch Blk 301 Ubi Avenue 1 #01-257 Singapore 400301 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Marine Parade Branch Blk 83 Marine Parade #01-584/586 Singapore 440083 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Nanyang Estate Branch Blk 960 Jurong West Street 92 #01-174 Singapore 640960 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Newton Branch 135 Bukit Timah Road Newton Building Singapore 229837 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Ngee Ann City Branch 391 Orchard Road #04-15 Ngee Ann City Singapore 238872 Mon - Sat: 11:00 a.m. - 7:00 p.m.
Closed on Sundays and public holidays
Pasir Ris East Branch Block 442 Pasir Ris Drive 6 #01-32/34 Singapore 510442 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Paya Lebar Branch 10 Eunos Road 8, Singapore Post Centre, #01-106/107/108 Singapore 408600 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Seletar Mall Branch 33 Sengkang West Avenue #01-49/50/51/52/53 Seletar Mall Singapore 797653 Mon - Sat: 11:00 a.m. – 7:00 p.m.
Closed on Sundays and public holidays
Serangoon Central Branch Blk 254 Serangoon Central Drive #01-203 Singapore 550254 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Square 2 Branch 10 Sinaran Drive #02-19/20 Square 2 Singapore 307506 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Tampines Central Branch Blk 513 Tampines Central #01-160 Singapore 520513 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Tampines East Branch Blk 201A Tampines Street 21 #01-1051 Singapore 521201 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Toa Payoh Central Branch 480 Toa Payoh Lorong 6 #01-09 Hdb Hub Singapore 310480 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
White Sands Branch 1 Pasir Ris Central Street 3 #03-05 Singapore 518457 Mon - Sat: 11:00 a.m. – 7:00 p.m.
Closed on Sundays and public holidays
Woodlands West Branch Blk 303 Woodlands Street 31 #01-191 Singapore 730303 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Yew Tee Branch 61 Choa Chu Kang Drive #01-04 Yew Tee MRT Station Singapore 689715 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Yishun Central Branch Blk 926 Yishun Central 1 #01-183 Singapore 760926 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Yishun North Branch Blk 290 Yishun Street 22 #01-401 Singapore 760290 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Yishun West Branch Blk 101 Yishun Avenue 5 #01-05 Singapore 760101 Mon - Fri: 8:30 a.m. – 4:30 p.m.
Sat - 8:30 a.m. – 1:00 p.m.
Closed on Sundays and public holidays
Waterway Point Branch 83 Punggol Central #01-15 Singapore 828761 Mon - Sat: 11:00 a.m. – 7:00 p.m.
Closed on Sundays and public holidays
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