Opening a bank account

As a general guideline, all ministries will require Accountant-General’s Department (AGD) to either create a new imprest bank account or to update the purpose of an existing imprest bank account. For Statutory Boards, you do not need AGD approval if your project is self-funded. We recommend that agencies reach out to the Accountant-General’s Department (AGD) team to seek advice on whether approval is required if unclear.

If you do not require AGD approval, please move on to the next page: Set up with DBS

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Opening an Imprest Bank Account

If your agency requires approval from AGD to create a new bank account, please refer to the following steps.

Step 1: Submit AGD application forms

You may write in an email to [email protected], [email protected], [email protected], [email protected] to obtain the relevant application forms.

Step 2: Get approval from AGD for above

Await approval from AGD once you have submitted the form.

Step 3: Get Director of Finance (DOF) to endorse the letter

Once you have approval from AGD, you may reach out to DBS to set-up your own bank account. DBS will provide you with a Letter to open a current account, that should be endorsed by your DOF.

Once above steps are completed, you may move on to the next page on setting up with DBS.

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Using an existing Imprest Bank Account

If your agency requires approval from AGD to use an existing imprest bank account, please refer to the following steps.

Step 1: Update the purpose of the bank account

Step 2: Increase the imprest limit of the bank account (if required)

Once above steps are completed, you may move on to the next page on setting up with DBS.