Private banking in Singapore is designed for high-net-worth individuals, but entry requirements vary by institution. This guide explains the typical thresholds, benefits, and expectations in 2025.
Singapore has established itself as a global hub for private banking. To qualify, clients typically need a minimum deposit between USD 1–5 million, though some banks set the bar even higher for specialized services.
Beyond financial assets, banks also evaluate client profiles—such as investment objectives, risk tolerance, and international presence. High-net-worth individuals are often offered tailored services, including wealth management, estate planning, and tax advisory.
In 2025, competition among banks has led to more customized packages for entrepreneurs, family offices, and expatriates. Understanding the entry requirements helps clients choose the institution that matches their long-term goals.
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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.