Singapore
Banking in Singapore
Singapore Business Experts
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Banking in Singapore
Singapore has a contemporary banking and financial system offering a plethora of services. The Economic Development Board provides various types of assistance to new businesses setting up. It is recommended, however, that you investigate the types of bank in Singapore. Many banks offer different services, and it's probably best to choose one that is most akin to your financial needs. There will also be a different level of formality for each type of account or bank opted for. For a list of banks, please click on the 'Banking in Singapore' tab located above.
To open a bank account in Singapore, you will be required to provide the following documentation:
- Passport
- Proof of address
There are a handful of international banks operating in Singapore. Considering banking requirements, each bank sets their own, such as the amount needed to open or maintain an account, fees, charges, etc. Cash machines are widespread, and internet banking is available.
Organisations that can assist with Banking
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> Freedom24
The Freedom24 online trading platform by Freedom Finance contains 1 000 000+ investment products including new stocks at their IPO (initial) price.
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> Need to open a bank account in this country?
Business Banking advice Advice on which type of bank account would best suit your business. Help making payments – and getting paid.