Opening a bank account in Singapore as a non-resident is possible but requires proper documentation. Here's what most banks typically ask for.
If you’re a foreigner looking to open a personal or corporate bank account in Singapore, you’ll need to prepare a set of documents that proves your identity, legal status, and — in some cases — the source of your funds.
Most banks in Singapore will require the following:
- A valid passport
- Proof of residential address (utility bill, tenancy agreement, etc.)
- Employment pass or student pass (if applicable)
- Letter of introduction or reference from an existing client (optional but helpful)
- Source of funds documentation, especially for larger deposits
For corporate accounts, additional requirements include:
- Company registration documents (e.g., ACRA BizFile)
- Business profile and ownership structure
- Board resolution authorizing account opening
- Details of directors and shareholders
Note: Some banks now allow partial remote onboarding but may still require in-person verification or a video call.
Tags: Singapore Bank Account, Foreigner, Document Requirements, Account Opening