What is the Difference Between POSB and DBS?

POSB and DBS are essentially the same bank, with POSB being a subsidiary of DBS. POSB, which stands for Post Office Savings Bank, was established in 1877 and was acquired by DBS in 1998. The two banks operate separately, but they share infrastructure and facilities. As a result, consumers can use services from both banks. The main differences between POSB and DBS are as follows:

• History: POSB was originally founded by the British in 1877 and continued by the government of Singapore, while DBS was set up by the Singapore government in 1968 to promote development through financial means.
• Branding: Although POSB operates under the DBS umbrella, it has maintained its own brand name and identity, which is different from DBS's.
• Online Banking: Both POSB and DBS offer online banking services, but with different color themes. POSB's online banking platform has a blue theme, while DBS's features a red theme.
• Promotions: POSB and DBS may offer different promotions and interest rates for their customers. As a POSB account holder, you can participate in DBS promotions, and vice versa.

In summary, POSB and DBS are essentially the same bank, with the main differences being their history, branding, online banking appearance, and promotions. As a customer of either bank, you can use services and participate in promotions offered by both POSB and DBS.

Comparative Table: POSB vs DBS

POSB and DBS are both banks in Singapore, with DBS being the largest bank in Southeast Asia and POSB being a subsidiary of DBS. Here is a table highlighting the differences between the two:

Although POSB is a subsidiary of DBS, customers can still have accounts with either DBS or POSB, depending on their specific needs. Both banks share the same infrastructure and facilities, making it convenient for customers to access their accounts through either brand.