This article is about the Singaporean bank, POSB Bank. For the Zimbabwean bank, see People's Own Savings Bank.
POSB
Company type
Public
Industry
Banking
Founded
1 January 1877; 147 years ago (1877-01-01) Singapore, Straits Settlements
Headquarters
Singapore
Products
Financial services
Parent
DBS Bank
Website
www.posb.com.sg
Post Office Savings Bank (Chinese: 郵政儲蓄銀行; pinyin: Yóuzhèngchǔxù Yínháng), often known as POSB Bank, is a Singaporean bank offering consumer banking services and is the oldest local bank in continuous operation in Singapore and currently operates under the DBS Bank. [1][2]
A POSB branch at Waterway Point, in Punggol.
POSB Bank still operates one of the highest numbers of bank branches in Singapore, especially in the heartlands, and operates the highest number of ATM outlets throughout the country. The integration of both banks allowed customers of either bank to share the facilities; DBS Bank depositors may use the Cash Deposit Machine installed islandwide in POSBank branches, likewise for POSB Bank depositors.
^"Singapore Statutes Online - 237 - Post Office Savings Bank of Singapore (Transfer of Undertakings and Dissolution) Act". Singapore Statutes (Government of Singapore). Retrieved August 22, 2016.
^"DBS Bank completes POSBank and credit POSB acquisition". DBS Bank. 16 November 1998. Archived from the original on 18 October 2006. Retrieved 29 September 2019.
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