United Overseas Bank (UOB) is a Singapore headquartered bank with a strong ASEAN network. It provides retail banking, SME and corporate solutions, and wealth management, supported by robust digital platforms.
Detailed Introduction:
UOB’s heritage in Singapore and regional expansion make it a preferred partner for consumers and businesses operating across ASEAN. Retail offerings include savings and current accounts, multi currency accounts, credit cards, personal financing, mortgage loans, and investment products. Wealth propositions range from priority banking to private banking, with curated advisory and products.
For enterprises, UOB provides day to day business accounts, trade and supply chain finance, cash and liquidity management, FX hedging, and regional connectivity solutions. Digital channels like UOB TMRW (retail) and UOB Infinity (business) focus on intuitive onboarding, payments, approvals, and insights.
UOB’s strengths include stable operations, practical products for daily use, and an extensive regional branch and partner network—a fit for individuals and companies with cross border needs in ASEAN.
FAQ:
Q1: What is UOB?
UOB is a major Singapore bank serving individuals and businesses across ASEAN with full service banking and digital platforms.
Q2: How to open a UOB account in Singapore?
- Select account type (e.g., UOB One Account, savings, current, multi currency).
- Prepare documents (NRIC for locals/PRs; passport plus relevant pass and address proof for foreigners).
- Apply online via UOB TMRW or visit a branch.
- Make the initial deposit as required.
- Set up digital banking and card usage.
Q3: Can non residents open UOB accounts?
Yes, subject to product eligibility, document checks, and possible in person verification. Requirements vary by visa and account type.
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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.