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Request Form For Work Permit Holders Opening of POST Work Permit Account Application for Insurance underwritten by MSI Insurance (Singapore) PTE Ltd (Please tick where applicable) Insurance Bond:
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How to fill out posb fdw account opening

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How to fill out posb fdw account opening:

01
Visit the POSB website or go to a POSB branch to access the account opening form.
02
Fill in your personal information, including your name, contact details, and NRIC/FIN/Passport number.
03
Provide your employment details, such as your employer's name, address, and contact information.
04
Indicate the type of work permit you hold (e.g. FDW Work Permit) and include your work permit number.
05
Specify the purpose of the account opening, such as remittance or savings.
06
Fill in the FDW (Foreign Domestic Worker) details, including their name, nationality, and passport number.
07
Sign the necessary declarations, such as confirming that the FDW is not the account holder.
08
Submit the completed form along with any required supporting documents, such as identification proofs, at a POSB branch.
09
Upon successful submission, you will receive confirmation and further instructions regarding the account opening.

Who needs posb fdw account opening:

01
Employers who have hired a Foreign Domestic Worker (FDW) in Singapore.
02
Individuals who wish to remit funds to their FDW's home country or provide them with a savings account.
03
Those who want to facilitate the financial management and transactions of their FDW.
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POSB FDW account opening refers to the process of establishing a bank account specifically designed for Foreign Domestic Workers (FDWs) in Singapore. This account allows FDWs to manage their finances, receive salary payments, and conduct banking transactions.
Employers of Foreign Domestic Workers in Singapore are required to file for a POSB FDW account opening to facilitate the management of their workers' salaries and other financial needs.
To fill out the POSB FDW account opening form, the employer needs to provide personal details of the FDW, such as name, nationality, passport number, and employment information. The employer must also provide their own identification details and contact information.
The purpose of the POSB FDW account opening is to provide Foreign Domestic Workers with a safe and secure banking option to receive their salaries, save money, and manage their financial transactions efficiently.
The information that must be reported on the POSB FDW account opening includes the FDW's personal identification details, employment details, and the employer's identification information. Additional documentation may be required to verify the relationship between the employer and the FDW.
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