Opening a business account with a digital bank in Singapore is simple and paperless. Most providers offer fully online onboarding with approval in as little as 24–72 hours.
Prepare your company registration number, director/shareholder details, and business description. Some banks also request proof of address and transactional forecasts for risk assessment.
Once approved, you can start sending and receiving payments, issue virtual cards, and connect accounting software immediately.
FAQs:
Q: Can foreigners open digital business accounts in Singapore?
A: Yes, but typically at least one local director or company secretary is required.
User Comments:
- “We were able to activate our account before our physical office even launched.”
- “No queues, no signatures—just login and go.”
Editor’s Note:
Digital banking reflects the future of business infrastructure—lean, fast, and scalable.