Yes — foreign students in Singapore can open bank accounts, but certain conditions must be met.
Foreign students studying at Singapore universities or polytechnics are eligible for personal banking services.
Required documents typically include:
- Student pass
- Passport
- School enrollment letter Banks like POSB and Maybank have special student packages with zero monthly fees and e-statement access. Some banks offer mobile-only accounts with debit cards and no minimum deposit. Always verify if the account allows international remittance or foreign currency holding.