In response to the unanticipated situation of the Coronavirus Outbreak (COVID-19), two of our largest partners – DBS and OCBC banks are now offering favorable approaches to support BBCIncorp’s clients and customers.
2025 Update
As of 2025, BBCIncorp no longer supports the opening of DBS business bank accounts. Clients seeking business banking solutions can still access a wide range of trusted alternatives through our network of international and regional banking partners.
BBCIncorp continues to assist entrepreneurs in finding suitable, compliant, and efficient banking options that match business needs across key jurisdictions. For guidance on available banking solutions or ongoing account support, please contact our support team at service@bbcincorp.com.
DBS Bank is now opening bank accounts digitally, which allows our clients to get their corporate accounts without any flight to Singapore like before.
All required documents do not need to be certified. After documents have met all criteria, they can get their bank account after 2 weeks.
Along similar lines, OCBC Bank also gives further assistance to Singaporean companies with online account opening. This is another supportive approach in addition to OCBC’s policy for the bank account’s remote registration that we have mentioned earlier. Note, however, that all required identity documents for online submission must be notarized by the Embassy/Notary Public/CPA to get the bank’s approvals.
A simplified three-step process will be 100% online done as follows:
- Complete the online application form, along with the required documents
- Arrange a video call with the bank
- Fulfill all relevant documents (if any) and open your bank account
Do you wish to register a bank account online with OCBC and DBS banks? Contact us now for detailed guidance on what you need to prepare.
It appears to be common that people can feel unsafe when having to arrange an in-person visit or branch application for opening a bank account, especially in a “sensitive” period of COVID-19. With online account opening options, clients can now conveniently and quickly open a business account even when they are staying in their home country.
Disclaimer: While BBCIncorp strives to make the information on this website as timely and accurate as possible, the information itself is for reference purposes only. You should not substitute the information provided in this article for competent legal advice. Feel free to contact BBCIncorp’s customer services for advice on your specific cases.
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