Maintaining a Singapore business account means staying compliant with KYC and anti-money laundering (AML) regulations. Banks conduct regular reviews to ensure account activity matches your declared business scope. Avoid common red flags: Inconsistent
Multi-currency accounts help businesses manage international trade efficiently. Learn which account fits your business. If your business deals with overseas clients, a multi-currency account reduces FX conversion loss and allows better liquidity mana
Startup founders need flexibility, low fees, and fast account setup. Here’s how business banking supports your launch. Startups often operate with lean teams and global reach. Choosing the right banking partner affects daily operations and investor
We compare the best bank accounts for small and medium enterprises (SMEs) in Singapore based on fees, features, and accessibility. DBS Business Multi-Currency Account: Best for cross-border trade. OCBC Business Growth Account: No fall-below fee, easy
Starting a company in Singapore? A business bank account is essential. Here’s how to open one the right way.
The rise of digital banking has given SMEs more choice than ever. Traditional banks offer full-service branches, trade finance, and loan products, while digital banks focus on speed, convenience, and cost-efficiency. Digital banks are ideal for start
Business account fees vary widely in Singapore. Traditional banks often require minimum deposits ranging from SGD 1,000 to SGD 30,000, while digital banks may have no minimums at all. Monthly account maintenance fees, inward/outward remittance costs,
Foreigners setting up companies in Singapore can open business bank accounts, but banks will typically require more due diligence. Essential requirements include a registered local address, ACRA business profile, corporate resolutions, and KYC docume
Singapore offers a wide range of banks catering to SMEs. The top choices include DBS, OCBC, UOB, and digital options like Aspire and ANEXT. DBS is popular for its online banking tools and wide network. OCBC offers flexible multicurrency accounts, whi
Opening a corporate bank account in Singapore is a key step for businesses setting up in the country. The process is straightforward but requires proper documentation and compliance with banking regulations. Most banks require a company’s incorpora