How can I open a bank account in Singapore?

What do I need to open a bank account in Singapore?

What documents are required for account opening?

  1. Identification Document. Provide front and back of NRIC.
  2. Proof of Residential Address* Provide the latest copy (within last 3 months) of any of the items below: Local utility bill. Local telecommunication bill. Local bank statement/credit card statement.

Can I open a bank account online without going to the bank in Singapore?

You don’t need to make a minimum deposit to open this account either. However, you will need to visit a branch in person – you can’t apply online.

How can I open a bank account in Singapore online?

To apply for a new personal account online, simply login with your ATM/Debit Card & Pin or digibank (online/mobile) for instant application. Alternatively, apply for a new joint-alternate account online and upload the required documents for both applicants respectively.

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How do I open an international bank account in Singapore?

In addition to these documents, some banks may require the following: Proof of residence (in Singapore or abroad);

What Is Required To Open A Bank Account in Singapore?

  1. Your passport;
  2. Your work permit in Singapore (for employees);
  3. Your study permit in Singapore (for students).


How much do I need to open a bank account in Singapore?

Most savings accounts do not require an initial deposit nor charge monthly account fees. However, most savings accounts do have a minimum balance requirement of S$1,000 or S$3,000 – meaning your savings account must have above S$1,000 or S$3,000 daily.

Which is the best bank to open an account in Singapore?

Highest Interest Rate Accounts

Bank Account Highest Bonus Interest Min Deposit
DBS Multiplier Account Up to 3.00% p.a. None
BOC SmartSaver Up to 3.00% p.a. S$1,500
UOB One Account Up to 2.75% p.a. S$1,000
SC Bonus$aver Account Up to 2.38% p.a. None

Can I open a bank account in person?

When opening a bank account online or in-person, you may need to provide the bank, credit union, or financial institution with specific documentation or meet specific eligibility requirements. … It’s important to understand these requirements before you proceed to open your preferred bank account.

What documents do you need for a bank account?

To open a checking account or any other type of account, you’ll also need the following:

  • A government-issued photo ID like a driver’s license, state-issued ID or passport. …
  • Date of birth.
  • Opening balance. …
  • Physical address. …
  • Social Security Number (SSN) or Taxpayer Identification Number (TIN).
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How much deposit do I need to open a UOB account?

Requirement and fees

Eligibility 15 years and above
Initial Deposit S$500 for S’poreans & SPRs S$1,000 for foreigners
Min. Avg. Daily Bal S$500
Min. Bal Fee S$2
Monthly Svc. Charge N.A.

Can I open bank account with passport?

Identification Requirements

You must present a valid form of photo identification when you open a checking account. When you seek to open a new account, the bank is required by law to obtain a valid form of photo ID. … The passport must be valid and not expired in order to use it to open a checking account.

Can I open a bank account online?

There are free online bank accounts–both checking and savings–that require no deposit. Some banks will require you to put a little money in your account when you create it. … To put that first deposit in your account, you could use a blank check, transfer money from another account or use a credit or debit card.

Can a tourist open a bank account in Singapore?

How Do I Open a Bank Account as a Foreigner? If you are a foreigner or not a resident of Singapore, then you can still open a bank account without any trouble. … To open a bank account as a foreigner in Singapore you’ll need: Proof of Identity (Passport or ID card)

How do I open an international bank account?

Opening an account

  1. Proof of Identity. Bring your passport and driver’s license or state ID. …
  2. Proof of Residency. …
  3. Startup Funds. …
  4. A student or work visa if you need one for the country.
  5. A university letter or proof of school enrollment.
  6. A letter of employment or employment contract.
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Can foreigner open HSBC bank account in Singapore?

Opening an account with HSBC Singapore requires an identity card or passport plus proof of current address. … A customer applies for this account by calling the bank at 1-800-HSBC-NOW (in Singapore) or (65) 6-HSBC-NOW from overseas.

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