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Banking in Singapore


Banking in Singapore

Singapore Business Experts

Recent forum posts


  1. Starting a new business in India

    I run a UK business and my fellow Director is an Indian National (I am a British citizen).We now want to launch our company in India and I am struggling to make any progress with the Indian High Commission. Can anyone help me with the process. I have twice visited the commission in London and wasted hours of time due to their complete lack of organisation.I will appreciate any help to make

    Total Posts: 9 Last post by Mohammed020

  2. starting a business

    Hi There!I was looking to bring in a skincare range from America to sell in UK, what legal procedures do I need to abide by? ie. licensinglaws, testing etc

    Total Posts: 6 Last post by Jpm

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.


Click here to Ask an Expert about Banking in Singapore

Organisations that can assist with Banking

  • > 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.

    More Details Visit Website
  • > The Motley Fool

    The Motley Fool is dedicated to helping the world invest better. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, mutual funds, and premium investing services.

    More Details Visit Website
  • > Sovereign Group

    Sovereign offers a range of advisory and support services to assist companies of all sizes to establish successful business operations in foreign markets.

    More Details Visit Website
  • > GCE Global Solutions

    We are "GCE GLOBAL SOLUTIONS" the global evolution of " GRUPO CONSULTOR EMPRESARIAL " with the acronym "GCE ", a leader in the area OUTSOURCING IN BUSINESS MANAGEMENT for business administration worldwide, we have established our own international network of partners in each country.

    More Details Visit Website

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