Expats and foreign workers in Singapore often struggle to open local bank accounts. Digital banks may provide a faster, easier alternative—if you meet certain criteria.
Can Foreigners Open Digital Bank Accounts?
Yes—but only with proper local documents:
- Singapore phone number
- Valid work pass or FIN
- Local address proof (e.g., utility bill)
Pros for Expats
- Fast approval
- No need for branch visit
- English support and mobile-first design
Limitations
- Some services (e.g., GIRO, cheque deposit) may be limited
- No global branches for cash services
FAQ:
Q1: Can I receive salary in a digital bank account?
A: Yes. Many employers accept bank details from licensed digital banks.
Q2: Can I send money home from these accounts?
A: Some digital banks offer international remittance, but fees vary.
User Comments:
“As an expat, GXS was the easiest account I’ve ever opened.” — Marta D.
“Trust Bank helped me avoid long queues and paperwork.” — Hassan F.
Editor’s Note:
Digital banks give expats fast access to the Singapore financial system—without red tape.
Tags: expat-banking, digital-bank-foreigners, online-account-singapore, mobile-finance