Open bank account for
Singapore Company
Singapore Banking System
- Singapore has one of the best banking systems in the world, great transparency, and clear government regulations.
- There is a wide range of banks in Singapore that you can choose from, some of which are the largest banks in the world.
- Almost all banks in Singapore can provide you with more than sufficient banking services, including multi-currency accounts and secure internet banking.
- Having a bank account with a reputable Singapore bank can enhance your company’s image by a lot.
Open a Bank Account for Singapore Company
Note: Our Singapore incorporation package includes bank account opening with Singapore banks. If you would like to request our banking support to open business account outside of Singapore, please consider our proposal below which does not include the fee for bank account application or any other related fee (if any) chargeable by the bank you choose to apply.
Order Banking Support Separately
US$499*
* This fee is only for customers who have already used our company formation service
Order Package that Includes Banking Support
US$400
Save US$99 when ordering together with our incorporation package
Why Our Service is Unique
- Fuss-free business account opening process
- Long-term relationship with a wide range of local banking partners
- Dedicated support team that answers all your queries even on weekends
- Prompt response and easy-to-follow guide for application
What We Do
- We help you find the most suitable bank for your company. We answer all your bank-related queries (if possible).
- We will guide you on how to prepare and file the application based on your specific situation. Then, we review it and submit it to the chosen bank for you.
- We also arrange an interview between you and the bank representative.
- We are willing to further assist you with preparing certified documents according to your request.
Banking Options for Singapore Company
| Country | Bank | Online Banking | Personal Visit | Credit Card | Debit Card | Initial Deposit |
|---|---|---|---|---|---|---|
| Belize | Belize Bank | US$4,000 | ||||
| Caye International Bank Ltd. | US$1,000 | |||||
| Heritage Bank | US$3,000 | |||||
| British Virgin Islands | First Caribbean International Bank | US$25,000 | ||||
| Hong Kong | Bank of East Asia | Contact us for details | ||||
| Fubon Bank | Contact us for details | |||||
| Hang Seng Bank | HKD 10,000 | |||||
| HSBC | HKD 50,000 | |||||
| OCBC Wing Hang | HKD 25,000 | |||||
| Standard Chartered Bank | Contact us for details | |||||
| Citi Commercial Bank | US$500,000 | |||||
| Mauritius | Bank One Limited | US$25,000 | ||||
| Mauritius Commercial Bank | US$50,000 | |||||
| Investec Bank | US$50,000 | |||||
| Singapore | Citi Bank | US$300,000 | ||||
| HSBC | US$200,000 | |||||
| OCBC Bank* | US$30,000 | |||||
| Standard Chartered Bank | From US$10,000 | |||||
| UOB | US$100,000 | |||||
| Switzerland | CIM Banque | US$20,000 | ||||
| UAE | RAK Bank | US$10,000 | ||||
**Initial deposit is often blocked in the offshore bank account; if so, this amount is often small.
However, banks in Hong Kong and Singapore do not freeze this amount, so you can use it freely. But you will be charged an additional fee for not maintaining your account above min balance.
* Remote opening applies for Singapore-incorporated companies only.
Belize Bank
Initial Deposit
US$4,000
Caye International Bank Ltd.
Initial Deposit
US$1,000
Heritage Bank
Initial Deposit
US$3,000
However, banks in Hong Kong and Singapore do not freeze this amount, so you can use it freely. But you will be charged an additional fee for not maintaining your account above min balance.
* Remote opening applies for Singapore-incorporated companies only.
Required Documents
The specific documents needed will vary depending on the bank you choose. Here are some commonly requested items:
Account application forms
Bank reference letter dated within the last 3 months
Bank statements from the latest 6 months
Certified copies of valid passports and recent address proofs (within 3 months) for all directors, shareholders, and account signatories
Business trading proofs
Copies of Singapore corporate documents
For precise document requirements tailored to your situation, please contact our support team.
