So, my previous post was about whether or not you were ready to open a joint account with your special someone.

Let's say you are ready. How then shall you proceed?

Let's find out :) I'll take you through the basic steps, and let you know what you need to have with you. It's really quite straightforward!



Firstly, you do not need to bring a set amount of cash with you to open an account. Here I'm assuming you prefer to open an account with POSB as their minimum amount is $500 and DBS is $1000.

A fall below fee of $2 per month is imposed on you if your average daily balance < S$500 / S$1000!

The fall below fee is waived for customers up to 21 years old or 62 years old and above :)

So you have to make your way down to any POSB Branch with ......