Bank lockers are a popular option for people in Singapore who want to store valuable items and documents in a secure location. Many banks in Singapore offer locker facilities to their customers, providing a safe and convenient storage option for their valuable possessions.
The cost of renting a bank locker in Singapore varies depending on the size of the locker and the duration of the rental, but it is generally considered to be a reasonable expense for the peace of mind that it provides.
In addition, bank lockers in Singapore are typically insured, providing an additional layer of protection for valuable items. If the bank locker is damaged or the contents are lost or stolen, customers can typically make a claim with the bank’s insurance provider to recover the value of their lost or damaged items.
Some disadvantages to using a bank locker in Singapore
- Cost of renting a locker : It can be a significant expense for some people
- Some banks may require customers to maintain a minimum balance or pay a deposit to rent a locker
- Availability of bank lockers: Depending on the demand for lockers, there may be a waiting list for those who want to rent a locker
- Some lockers can be accessed only during Bank Operating hours which might become an inconvenience when you need to access your possessions urgently
- Locker facilities only at select locations making accessibility harder if you are not located closer to the facility
Here are the locker facilities to consider:
| Bank/Provider | Summary | Box Types/Sizes | Address/Locations | Eligibility | Fees/Charges | Website |
|---|---|---|---|---|---|---|
| DBS | 8 locations across the Island, 4 types of Boxes to choose from | – X-Small (3″ x 5″ x 24″), – Small (3″ x 10″ x 24″), – Medium (5″ x 10″ x 24″), – Large (10″ x 10″ x 24″), | – 210 New Upper Changi Road #01-707, Singapore 460210 – 80 Marine Parade Road #01-12 Parkway Parade, Singapore 449269 – 101 Towner Road #01-238/240/242, Singapore 322101 – 68 Orchard Road #B1-25 Plaza Singapura, Singapore 238839 – 22 Malacca Street #01-00 RB Capital Building, Singapore 048980 – 531 Upper Cross Street #01-51 Hong Lim Complex, Singapore 050531 – 450 Clementi Avenue 3, #01-293/295, Singapore 120450 – 1 Jalan Anak Bukit #01-19/20 Bukit Timah Plaza, Singapore 588996 – 304 Choa Chu Kang Avenue 4 #01-657/659, Singapore 680304 | You need to be 21 to 75 years of age. Minimum gross annual income of S$30k if you are a Singaporean, or S$45k if you are a Foreigner. | – X-Small, $187.25 – Small, $256.80 – Medium, $353.10 – Large, $492.20 | Link |
| OCBC | 5 locations across the Island. | – 88 Bedok North St 4 #01-163, Singapore 460088 – 65 Chulia St #01-00 OCBC Centre, Singapore 049513 – 181 Upper Thomson Road, Singapore 574331 – 629 Ang Mo Kio Ave 4 #01-1006/1008/1010, Singapore 560629 – 827 Bukit Timah Road, Singapore 279886 | Only for premier banking account holders | https://www.ocbc.com/personal-banking/terms-and-conditions/safe-deposits-boxes.html | ||
| SECOM | 1 location (between Bukit Timah and Jurong East) | – Small (3″ x 10″ x 24″), – Medium (5″ x 10″ x 24″), – Large (10″ x 10″ x 24″), | 81 Toh Guan Road East, #01-01 SECOM CENTRE, Singapore 608606 | Deposit of $150 is required per box. This will be refunded upon surrender of the box. | – Small, $160.50 – Medium, $267.50 – Large, $374.50 | SECOM Safe Deposit Boxes |
| Vault@268 | 1 location (Orchard area) | – Small (5.94”x 9.25” x 12.8”), $888 – Large (8.11”x 9.25” x 12.8”), $1,388 | 268 Orchard Road B1-01, Singapore 238856 | – Small $888 – Large $1,388 | https://www.vault268.com.sg/ | |
| Certis | 3 locations across the Island. | – X-Small (5″ x 5″ x 24″), – Small (3″ x 10″ x 24″), – Medium (5″ x 10″ x 24″), – Large (10″ x 10″ x 24″), – X-Large (15″ x 10″ x 24″), | – 20 Jalan Afifi, Centre II, Level 1, Singapore 409179 – 3791 Jalan Bukit Merah #01-10, E-Centre @ Redhill, Singapore 159471 – 134 Jurong Gateway Road #02-311, Singapore 600134 | – X-Small, $245.03 – Small, $319.93 – Medium, $394.83 – Large, $576.73 – X-Large, $908.43 | https://www.certisgroup.com/Solutions/Safe-Deposit-Box | |
| Bank Of China | 2 locations in Singapore | – X-Small (4″ x 5″ x 20″), – Small (4″ x 8″ x 20″), – Medium (5″ x 10″ x 20″), – Large (8″ x 8″ x 20″), – X-Large (16″ x 17″ x 20″), | – 4 Battery Road, Bank of China Building, Singapore 049908 – 188-192 East Coast Road, Singapore 428898 | – X-Small, $112.35 – Small, $160.50 – Medium, $240.75 – Large, $288.90 – X-Large, $722.25 | https://www.bankofchina.com/sg/pbservice/pbo/201704/t20170428_9412273.html | |
| Singapore Finance | 2 locations in Singapore | – Bedok North: Small Medium and Large – Cecil Street: Small, Large | 202 Bedok North St. 1 #01-473, Singapore 460202 – 150 Cecil Street #01-00, Singapore 069543 | – | – Bedok North: Small ($192.60), Medium ($235.40) and Large ($299.60) – Cecil Street: Small ($192.60), Large ($256.80) | |
| Sing Investments & Finance Limited | 1 location in Singapore | 715 Ang Mo Kio Avenue 6, #01-4006, Singapore 560715 | You need to have at least $1,000 in their Savings Account | |||
| Starvault | 1 location in Singapore | -Small box -Medium box | 10 ANSON ROAD Singapore 079903 | -Small box $360 -Medium box $792 | Choosing the Best Safe Deposit Box Service in S’pore (2025) |