Opening Business Bank Account In Singapore
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You should consider how much your average account balance will likely be and select the appropriate bank for your business account to avoid such a charge which can be up to s 50 a month.
Opening business bank account in singapore. Opening a corporate bank account in singapore is a relatively simple and straight forward procedure. Singapore bank option 6 business account 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. Learn how to open bank account in singapore for foreigners expatriates and non residents.
Singapore companies have plenty of options when it comes to opening a corporate bank account. Familiar names with operations in singapore include abn amro anz bnp paribas citibank hsbc and standard chartered. The possibility of online account opening depends on many factors including the nature of your business.
Apply online for a global bank account in singapore without visiting singapore. We ve been through it. Enjoy 24 7 instant online account opening with ocbc.
If you feel that heading down physically to a bank branch to open a business account is a hassle you are not alone. Thankfully for new business owners both the ocbc business growth account and the ocbc business entrepreneur account can be opened instantly online. For more information on these special business types please call dbs businesscare at 1800 222 2200.
Personal account for savings and investment. Different pricing terms and requirements apply for certain business types who open and maintain a sgd business account multi currency account digital account with dbs. Many business banking accounts in singapore charge an early account closure fee if you decide to close it within 6 months of opening the account.
All in all opening a business banking account in singapore should be a fairly a painless process with plenty of options for choosing the right account for your business. As a foreigner you can apply for bank account opening in singapore even if you don t live there. Start private banking or wealth management with the best banks in singapore for foreigners and expats.
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