Digital banks are reshaping the banking industry, but how do they compare with traditional institutions in Singapore?
- Digital Banks: 100% online, lower fees, fast onboarding, but limited face-to-face service.
- Traditional Banks: Branch networks, relationship managers, more services but higher costs.
For younger users, digital banks provide flexibility and convenience. For corporates or high-net-worth individuals, traditional banks still dominate with comprehensive services.
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Written by: BankOpen Singapore Editorial Team
The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions.
The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions.
Disclaimer: The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.