Open a corporate bank account

Most banks in Singapore offer corporate banking account with attractive features such as Internet banking, global fund transfers, and trade financing.  Evaluate the services provided by various banks before choosing the corporate account that will suit your business needs most.

You can either select a locally incorporated bank or an offshore bank to open a corporate bank account.

Here are the typical requirements and banking features that you should look out for when choosing the bank for your corporate account:

  • Singapore dollar, foreign currency or multi-currency account
  • Amount of opening deposit
  • Minimum monthly balances with no monthly fees
  • Daily ATM withdrawal limit
  • Internet banking
  • Debit and credit card
  • Cheque book
  • Trade financing / Business loans
  • Treasury & market services
  • Freedom to move funds across countries
  • Liquidity management services
  • Business insurance
  • Service charges imposed by the bank