A complete guide for entrepreneurs and business owners to open a business bank account in Singapore, including documentation and eligibility.
Opening a business bank account in Singapore is essential for any startup or registered company. The process usually involves providing your ACRA business profile, company resolution, identification documents for directors and signatories, and proof of business address. Leading banks like DBS, OCBC, and UOB offer digital onboarding, making it easier for SMEs to register accounts remotely. Some banks may require a minimum initial deposit (typically SGD 1,000), while others offer packages that include business debit cards and online banking access.