RedeemSG Guide
  • Phase 1: About RedeemSG
    • Welcome to RedeemSG
    • Why us?
  • Phase 2: Before Starting Out
    • Setting up a bank account
      • Opening a bank account
      • Set up with DBS
      • Set up with OCBC
      • Finance Reconcilation with RedeemSG
  • Phase 3: Creating a campaign on RedeemSG
    • Providing voucher details
    • Selecting merchants for your voucher campaign
      • Option 1: Selecting specific merchants for your campaign
      • Option 2: RedeemSG Vouchers
    • Information and help for residents
  • Checklist before launch
    • Checklist
Powered by GitBook
On this page
  • Opening an Imprest Bank Account
  • Using an existing Imprest Bank Account
  1. Phase 2: Before Starting Out
  2. Setting up a bank account

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


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 lim_yu_may@agd.gov.sg, jillian_lim@agd.gov.sg, jessica_tan@agd.gov.sg, syah_raini_naida_hassan@agd.gov.sg 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.


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.

PreviousSetting up a bank accountNextSet up with DBS

Last updated 9 months ago