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Open a Bank Account in Singapore
$1,450.00
Singapore is one of the largest financial centers and a top offshore banking destination due to its political and financial stability, its top-notch corporate banking facilities and its broad-range of wealth management services, investment funds, and insurance products.
In addition, Singapore is one of the most reputed international financial centers whose banks consistently onboard companies incorporated in tax-neutral jurisdictions.
However, banks will want to see a solid and legit business backing the company. Offshore companies will need to provide enough supporting business documentation such as business plans, invoices, contracts, letters of intent, etc. to satisfy the bank’s compliance requirements.
Singapore banks are ideal for businesses that require strong transactional banking and cash management services. Companies banking in Singapore have access to some of the quickest and most affordable money transfer services.
Import/Export companies will have access to top trade finance services such as Letter of Credit and Bank guarantees.
Singaporean banks are considerably risk-averse and are not open for companies engaging in high-risk business activities.
For Singaporean e-commerce businesses, a broad range of merchant accounts and credit card processing aggregators are available.
An oasis of financial stability together with the most technologically advanced private banking facilities, excellent customer service and a capital gains tax-free environment makes Singapore the top Asia-Pacific destination for international wealth management services.
We can help you open business and personal accounts with the largest banks in Singapore. Accounts are available for both resident and non-resident companies and individuals. We work with 7 different banks in Singapore. Each bank has different eligibility requirements, types of accounts available and onboarding processes. We invite you to carefully review each banks requirements and services to better understand if their banking services meet your needs:
- Singapore Bank Option 1 (Foreign Business Account, Local Business Account)
- Singapore Bank Option 2 (Foreign Business Account, Local Business Account, Wealth Management Account)
- Singapore Bank Option 3 (Business Account, Wealth Management Account)
- Singapore Bank Option 4 (Business Account, Personal Account)
- Singapore Bank Option 5 (Business Priority Account, Business Account)
- Singapore Bank Option 6 (Wealth Management Account)
- Singapore Bank Option 7 (Wealth Management Account)
Note that the accounts can be currently opened remotely without needing to visit the bank’s branch due to the current COVID-19 situation. A videoconference is held in lieu of the personal meeting.
Our banking support service is not just a mere introduction to the bank. We assist you in filling out the business questionnaires appropriately and help you understand and provide business details, commercial information and purpose/use of the bank account that a given bank wants to know in order to approve your account application. Banks want certainty and clarity on how the account will be used. Everything must be watertight. We will work with you to make sure there is minimal ‘back and forth’ and a smooth account opening process.
Singapore Bank Option 1 (HSBC Bank)
Account Details
| Eligibility | Foreign Companies |
| Account type and Currency | Corporate Current Account (SGD) Multicurrency Account (USD, AUD, CAD, GBP, HKD, NZD, CHF, EUR, JPY) |
| Minimum Initial Deposit | SGD 30,000.00 + USD 30,000.00 (if a Multicurrency account is required) |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | SGD 30,000.00 + USD 30,000.00 (if a Multicurrency account is required) |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | Mastercard Debit (SGD) |
| Other Services | Trade Finance Cheque Book HSBC Global Research Loans Term-deposits |
A business connection to Singapore or SE Asia is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. There are no specific restricted jurisdictions other than those that face international sanctions. Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in Singapore (such as Money transmitter or Forex trading) are not eligible. Pure holding companies are not eligible.
During the Covid-19 pandemic, a remote opening via video-conference is possible.
Account Details
| Eligibility | Singapore-incorporated Companies |
| Account type and Currency | Corporate Current Account (SGD) Multicurrency Account (USD, AUD, CAD, GBP, HKD, NZD, CHF, EUR, JPY) |
| Minimum Initial Deposit | SGD 30,000.00 + USD 30,000.00 (if a Multicurrency account is required) |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | SGD 30,000.00 + USD 30,000.00 (if a Multicurrency account is required) |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | Mastercard Debit (SGD) |
| Other Services | Trade Finance Cheque Book HSBC Global Research Loans Term-deposits |
A business connection to Singapore or SE Asia (apart from the registration in Singapore) is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. Companies engaging in high-risk businesses may not be eligible. Pure holding companies are not eligible.
During the Covid-19 pandemic, a remote opening via video-conference is possible.
- Foreign Business Account
-
Account Details
Eligibility Foreign Companies Account type and Currency Corporate Current Account (SGD)
Multicurrency Account (USD, AUD, CAD, GBP, HKD, NZD, CHF, EUR, JPY)Minimum Initial Deposit SGD 30,000.00 + USD 30,000.00 (if a Multicurrency account is required) Minimum Monthly Average Balance (To Avoid Fall-Below Fee) SGD 30,000.00 + USD 30,000.00 (if a Multicurrency account is required) Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) Mastercard Debit (SGD) Other Services Trade Finance
Cheque Book
HSBC Global Research
Loans
Term-depositsA business connection to Singapore or SE Asia is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. There are no specific restricted jurisdictions other than those that face international sanctions. Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in Singapore (such as Money transmitter or Forex trading) are not eligible. Pure holding companies are not eligible.
During the Covid-19 pandemic, a remote opening via video-conference is possible.
- Local Business Account
-
Account Details
Eligibility Singapore-incorporated Companies Account type and Currency Corporate Current Account (SGD)
Multicurrency Account (USD, AUD, CAD, GBP, HKD, NZD, CHF, EUR, JPY)Minimum Initial Deposit SGD 30,000.00 + USD 30,000.00 (if a Multicurrency account is required) Minimum Monthly Average Balance (To Avoid Fall-Below Fee) SGD 30,000.00 + USD 30,000.00 (if a Multicurrency account is required) Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) Mastercard Debit (SGD) Other Services Trade Finance
Cheque Book
HSBC Global Research
Loans
Term-depositsA business connection to Singapore or SE Asia (apart from the registration in Singapore) is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. Companies engaging in high-risk businesses may not be eligible. Pure holding companies are not eligible.
During the Covid-19 pandemic, a remote opening via video-conference is possible.
Singapore Bank Option 2 (OCBC Bank)
Account Details
| Eligibility | Foreign Companies (Including Offshore Companies) |
| Account type and Currency | Corporate Current Account (SGD) Multicurrency Account (USD, AUD, CAD, GBP, HKD, NZD, CHF, EUR, JPY) |
| Minimum Initial Deposit | SGD 30,000.00/ USD 30,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | SGD 30,000.00 / USD 30,000.00 |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | Mastercard Debit (SGD) |
| Other Services | Trade Finance Cheque Book Payroll Services Digital Business Dashboard Term-deposits |
A business connection to Singapore or SE Asia is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. There are no specific restricted jurisdictions other than those that face international sanctions. Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in Singapore (such as Money transmitter or Forex trading) are not eligible.
During the Covid-19 pandemic, a remote opening via video-conference is possible.
Account Details
| Eligibility | Singapore-incorporated Companies |
| Account type and Currency | Corporate Current Account (USD, SGD) Foreign-Currency Account (AUD, CAD, GBP, HKD, NZD, CHF, EUR, JPY) |
| Minimum Initial Deposit | N/A |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | SGD/USD 1,000.00 |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | Mastercard Debit (SGD) |
| Other Services | Trade Finance Payroll Services Cheque Book Digital Business Dashboard Term-Deposits |
During the Covid-19 pandemic, remote account opening via video-conference is possible.
Account Details
| Eligibility | Resident and nonresident individuals |
| Account type and Currency | Multicurrency Account (SGD, USD, AUD, CAD, GBP, HKD, NZD, CHF, EUR, JPY) |
| Minimum Initial Deposit | SGD 200,000 or equivalent |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | SGD 200,000 or equivalent |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | Mastercard Debit (SGD) |
| Other Services | Brokerage Accounts (Stocks, Bonds, Investment Funds, etc) Trading Platform FOREX Investment Services Term-deposits Dedicated Wealth Planner |
During the Covid-19 pandemic, remote account opening via video-conference is possible.
- Foreign Business Account
-
Account Details
Eligibility Foreign Companies (Including Offshore Companies) Account type and Currency Corporate Current Account (SGD)
Multicurrency Account (USD, AUD, CAD, GBP, HKD, NZD, CHF, EUR, JPY)Minimum Initial Deposit SGD 30,000.00/ USD 30,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) SGD 30,000.00 / USD 30,000.00 Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) Mastercard Debit (SGD) Other Services Trade Finance
Cheque Book
Payroll Services
Digital Business Dashboard
Term-depositsA business connection to Singapore or SE Asia is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. There are no specific restricted jurisdictions other than those that face international sanctions. Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in Singapore (such as Money transmitter or Forex trading) are not eligible.
During the Covid-19 pandemic, a remote opening via video-conference is possible.
- Local Business Account
-
Account Details
Eligibility Singapore-incorporated Companies Account type and Currency Corporate Current Account (USD, SGD)
Foreign-Currency Account (AUD, CAD, GBP, HKD, NZD, CHF, EUR, JPY)Minimum Initial Deposit N/A Minimum Monthly Average Balance (To Avoid Fall-Below Fee) SGD/USD 1,000.00 Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) Mastercard Debit (SGD) Other Services Trade Finance
Payroll Services
Cheque Book
Digital Business Dashboard
Term-DepositsDuring the Covid-19 pandemic, remote account opening via video-conference is possible.
- Wealth Management Account
-
Account Details
Eligibility Resident and nonresident individuals Account type and Currency Multicurrency Account (SGD, USD, AUD, CAD, GBP, HKD, NZD, CHF, EUR, JPY) Minimum Initial Deposit SGD 200,000 or equivalent Minimum Monthly Average Balance (To Avoid Fall-Below Fee) SGD 200,000 or equivalent Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) Mastercard Debit (SGD) Other Services Brokerage Accounts (Stocks, Bonds, Investment Funds, etc)
Trading Platform
FOREX
Investment Services
Term-deposits
Dedicated Wealth PlannerDuring the Covid-19 pandemic, remote account opening via video-conference is possible.
Singapore Bank Option 3 (DBS Bank)
Account Details
| Eligibility | Local and Foreign Companies (Including Offshore Companies) |
| Account type and Currency | Corporate Multicurrency Account (SGD, USD, AUD, CAD, CNH, HKD, NZD, GBP, NOK, SEK, CHF, EUR, JPY) |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | SGD 250,000 or equivalent |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | Mastercard Debit (SGD) |
| Other Services | Trade Finance Cheque Book Payroll Services Term-Deposits Dedicated Relationship Manager |
A business connection to Singapore or SE Asia is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. There are no specific restricted jurisdictions other than those that face international sanctions. Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in Singapore (such as Money transmitter or Forex trading) are not eligible.
During the Covid-19 pandemic, a remote opening via video-conference is possible.
Account Details
| Eligibility | International Individuals |
| Account type and Currency | Wealth Management Multicurrency Account |
| Minimum Initial Deposit | SGD 350,000.00 or equivalent |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | SGD 200,000.00 or equivalent |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | Mastercard Debit (SGD) Credit Cards |
| Other Services | iWealth (Brokerage, Investments) Trading Platform FOREX Investment Services Term-deposits Dedicated Wealth Planner |
During the Covid-19 pandemic, remote account opening is possible (depending on the residency of the applicant).
- Business Account
-
Account Details
Eligibility Local and Foreign Companies (Including Offshore Companies) Account type and Currency Corporate Multicurrency Account
(SGD, USD, AUD, CAD, CNH, HKD, NZD, GBP, NOK, SEK, CHF, EUR, JPY)Minimum Monthly Average Balance (To Avoid Fall-Below Fee) SGD 250,000 or equivalent Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) Mastercard Debit (SGD) Other Services Trade Finance
Cheque Book
Payroll Services
Term-Deposits
Dedicated Relationship ManagerA business connection to Singapore or SE Asia is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. There are no specific restricted jurisdictions other than those that face international sanctions. Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in Singapore (such as Money transmitter or Forex trading) are not eligible.
During the Covid-19 pandemic, a remote opening via video-conference is possible.
- Wealth Management Account
-
Account Details
Eligibility International Individuals Account type and Currency Wealth Management Multicurrency Account Minimum Initial Deposit SGD 350,000.00 or equivalent Minimum Monthly Average Balance (To Avoid Fall-Below Fee) SGD 200,000.00 or equivalent Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) Mastercard Debit (SGD)
Credit CardsOther Services iWealth (Brokerage, Investments)
Trading Platform
FOREX
Investment Services
Term-deposits
Dedicated Wealth PlannerDuring the Covid-19 pandemic, remote account opening is possible (depending on the residency of the applicant).
Singapore Bank Option 4 (UOB Bank)
Account Details
| Eligibility | Local and Foreign Companies (Including Offshore Companies) |
| Account type and Currency | Current Account (SGD, USD, AUD, EUR, JPY, GBP, CHF, HKD, and CNH) |
| Minimum Initial Deposit | SGD 1,000.00 (Onshore Companies) SGD 350,000.00 (Offshore Companies) |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | SGD 10,000.00 |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | ATM Card |
| Other Services | Trade Finance Payroll Services Cheque Book Term-Deposits |
A business connection to Singapore or SE Asia is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. There are no specific restricted jurisdictions other than those that face international sanctions. Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in Singapore (such as Money transmitter or Forex trading) are not eligible.
A personal visit to Singapore is not necessary.
Account Details
| Eligibility | Individuals with a regional connection (e.g. Southeast Asian business, employment, residency…etc) Individuals willing to invest in bank’s financial and insurance products (e.g. life insurance policy, investment funds…etc.) |
| Account type and Currency | SGD Account linked to a Multicurrency Account (SGD, USD, AUD, EUR, JPY, GBP, CHF, HKD) |
| Minimum Initial Deposit | SGD 1,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | SGD 1,000.00 |
| Online Banking | Full Service (Internet Banking, Mobile Banking, Currency Exchange App) |
| Cards (Currency) | Visa Debit (SGD) Mastercard Debit (Multicurrency) Credit Cards |
| Other Services | Term-deposits Interest-bearing accounts |
Individuals resident or nationals from high-risk jurisdictions are not eligible. A connection to Singapore or SE Asia is required, for example in the form of a local business, partners or investments in Singapore to justify the reason for account opening.
A personal visit is necessary to finalize the account opening process.
- Business Account
-
Account Details
Eligibility Local and Foreign Companies (Including Offshore Companies) Account type and Currency Current Account
(SGD, USD, AUD, EUR, JPY, GBP, CHF, HKD, and CNH)Minimum Initial Deposit SGD 1,000.00 (Onshore Companies)
SGD 350,000.00 (Offshore Companies)Minimum Monthly Average Balance (To Avoid Fall-Below Fee) SGD 10,000.00 Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) ATM Card Other Services Trade Finance
Payroll Services
Cheque Book
Term-DepositsA business connection to Singapore or SE Asia is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. There are no specific restricted jurisdictions other than those that face international sanctions. Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in Singapore (such as Money transmitter or Forex trading) are not eligible.
A personal visit to Singapore is not necessary.
- Personal Account
-
Account Details
Eligibility Individuals with a regional connection (e.g. Southeast Asian business, employment, residency…etc)
Individuals willing to invest in bank’s financial and insurance products (e.g. life insurance policy, investment funds…etc.)Account type and Currency SGD Account linked to a Multicurrency Account (SGD, USD, AUD, EUR, JPY, GBP, CHF, HKD) Minimum Initial Deposit SGD 1,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) SGD 1,000.00 Online Banking Full Service (Internet Banking, Mobile Banking, Currency Exchange App) Cards (Currency) Visa Debit (SGD)
Mastercard Debit (Multicurrency)
Credit CardsOther Services Term-deposits
Interest-bearing accountsIndividuals resident or nationals from high-risk jurisdictions are not eligible. A connection to Singapore or SE Asia is required, for example in the form of a local business, partners or investments in Singapore to justify the reason for account opening.
A personal visit is necessary to finalize the account opening process.
Singapore Bank Option 5 (RHB Bank)
Account Details
| Eligibility | Local and Foreign Companies |
| Account type and Currency | Corporate Account (USD or SGD) (Interest-Bearing) |
| Minimum Initial Deposit | SGD 30,000.00 USD 30,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | SGD 30,000.00 USD 30,000.00 |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | None |
| Other Services | Trade Finance Cheque Book Fixed Deposits Wire Transfer Commissions Waived Preferential Exchange Rates |
A connection to Singapore or SE Asia is required, for example in the form of a local business, partners or investments in Singapore to justify the reason for account opening.
Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in Singapore (such as Money transmitter or Forex trading) are not eligible. There are no requirements in terms of business turnover or business size. Individuals resident or nationals from high-risk jurisdictions are not eligible.
A personal visit is not required.
Account Details
| Eligibility | Local Companies |
| Account type and Currency | Corporate Current Account (USD or SGD) |
| Minimum Initial Deposit | SGD 1,000.00 USD 1,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | SGD 5,000.00 USD 3,000.00 |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | None |
| Other Services | Trade Finance Cheque Book |
A business connection to Singapore or SE Asia (apart from the registration in Singapore) is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. Companies engaging in high-risk businesses may not be eligible.
A personal visit is not required.
- Business Priority Account
-
Account Details
Eligibility Local and Foreign Companies Account type and Currency Corporate Account (USD or SGD) (Interest-Bearing) Minimum Initial Deposit SGD 30,000.00
USD 30,000.00Minimum Monthly Average Balance (To Avoid Fall-Below Fee) SGD 30,000.00
USD 30,000.00Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) None Other Services Trade Finance
Cheque Book
Fixed Deposits
Wire Transfer Commissions Waived
Preferential Exchange RatesA connection to Singapore or SE Asia is required, for example in the form of a local business, partners or investments in Singapore to justify the reason for account opening.
Foreign companies engaging in high-risk businesses and/or conducting an activity which is regulated in Singapore (such as Money transmitter or Forex trading) are not eligible. There are no requirements in terms of business turnover or business size. Individuals resident or nationals from high-risk jurisdictions are not eligible.
A personal visit is not required.
- Business Account
-
Account Details
Eligibility Local Companies Account type and Currency Corporate Current Account (USD or SGD) Minimum Initial Deposit SGD 1,000.00
USD 1,000.00Minimum Monthly Average Balance (To Avoid Fall-Below Fee) SGD 5,000.00
USD 3,000.00Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) None Other Services Trade Finance
Cheque BookA business connection to Singapore or SE Asia (apart from the registration in Singapore) is required, for example in the form of local clients, suppliers, partners to justify the reason for account opening. Companies engaging in high-risk businesses may not be eligible.
A personal visit is not required.
Singapore Bank Option 6 (Standard Chartered Bank)
Account Details
| Eligibility | Individuals with a regional connection (e.g. Southeast Asian business, employment, residency…etc) |
| Account type and Currency | Multicurrency Account (Interest-Bearing) |
| Minimum Initial Deposit | SGD 250,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | N/A |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | Debit Card (SGD), Credit Cards (USD) |
| Other Services | Savings Accounts Term-Deposits FOREX Brokerage Accounts Investment Products Dedicated Wealth Planner |
Individual residents of countries outside of Asia are not generally eligible
A personal visit is not necessary to finalize the account opening process.
- Wealth Management Account
-
Account Details
Eligibility Individuals with a regional connection
(e.g. Southeast Asian business, employment, residency…etc)Account type and Currency Multicurrency Account (Interest-Bearing) Minimum Initial Deposit SGD 250,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) N/A Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) Debit Card (SGD), Credit Cards (USD) Other Services Savings Accounts
Term-Deposits
FOREX
Brokerage Accounts
Investment Products
Dedicated Wealth PlannerIndividual residents of countries outside of Asia are not generally eligible
A personal visit is not necessary to finalize the account opening process.
Singapore Bank Option 7 (Citibank)
Account Details
| Eligibility | International Individuals |
| Account type and Currency | Multicurrency Account (Interest-Bearing, 12 currencies) |
| Minimum Initial Deposit | SGD 250,000.00 |
| Minimum Monthly Average Balance (To Avoid Fall-Below Fee) | N/A |
| Online Banking | Full Service (Internet Banking, Mobile Banking) |
| Cards (Currency) | Debit Card (SGD) Credit Cards (USD) |
| Other Services | Savings Accounts Term-Deposits FOREX Brokerage Accounts Investment Products Dedicated Wealth Planner |
A connection to Singapore or SE Asia is required, for example in the form of a local business, partners or investments in Singapore to justify the reason for account opening. Individuals resident or nationals from high-risk jurisdictions are not eligible.
A personal visit to Singapore is not required.
- Wealth Management Account
-
Account Details
Eligibility International Individuals Account type and Currency Multicurrency Account (Interest-Bearing, 12 currencies) Minimum Initial Deposit SGD 250,000.00 Minimum Monthly Average Balance (To Avoid Fall-Below Fee) N/A Online Banking Full Service (Internet Banking, Mobile Banking) Cards (Currency) Debit Card (SGD)
Credit Cards (USD)Other Services Savings Accounts
Term-Deposits
FOREX
Brokerage Accounts
Investment Products
Dedicated Wealth PlannerA connection to Singapore or SE Asia is required, for example in the form of a local business, partners or investments in Singapore to justify the reason for account opening. Individuals resident or nationals from high-risk jurisdictions are not eligible.
A personal visit to Singapore is not required.
Bank Account opening requirements are subject to change at the discretion of the bank. There might be additional fees charged by the bank itself. Bank account opening is not guaranteed and is subject to the bank policies and compliance department. There might be restrictions on UBO nationalities, business activities and/or jurisdictions. A refund is guaranteed if the account is not successfully opened, but a 15% administrative fee applies.