While the financial sector was exempted from Singapore government’s order to suspend activities at workplaces from 7 April until 4 May inclusive, banks across the island announced limited operations during this period.
The Monetary Authority of Singapore (MAS) affirmed that financial services will remain open and available to all customers and counterparties in Singapore and globally.
All financial markets in Singapore remain open, and payment services are unaffected, the regulator said in a statement.
DBS will progressively close 29 DBS/POSB branches until 4 May, starting with DBS Marina Bay Sands on 7 April, followed by POSB Newton and POSB Square 2 on 9 April. The remaining 28 branches that stay open will continue to operate regular banking hours but will reserve its first hour of operation for vulnerable customers like the elderly.
The bank is also closing all DBS Treasures and DBS Treasures Private Client centers from 9 April to 4 May. Safe-deposit box access at DBS/POSB branches and DBS Treasures Centre will be available on Wednesdays by appointment. Full SME banking services will be available at branches in areas with higher trade and SME footfall. In addition, trade counters at Marina Bay Financial Centre, Jurong Gateway and Towner Road will also remain open, the bank said.