Can a non resident have a bank account in Singapore?

As a non-resident in the country, your best option will generally be to open a bank account at a major local bank. These accounts are specifically designed for expats and foreign workers in Singapore and offer all the everyday banking services you need.

How can a foreigner open a bank account in Singapore?

While the exact required paperwork varies from bank to bank, typically you’ll need the following:

  1. Completed Corporate Account Opening Forms, signed by signatories.
  2. A Board of Directors Resolution, sanctioning the account opening and the established signatories to open it on behalf of the company.


Can you open a bank account without being a resident?

The good news is that it is possible to open a US bank account as a non-resident and non-citizen. However, just some banks accept this type of customers, and the requirements may even change from state to state, or even between branches.

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Can I open a bank account in Singapore remotely?

What is “remote opening” of Singapore international bank accounts? Foreigners or non-residents of Singapore can open their personal bank account in Singapore – the world-recognised international banking center – without residing in or traveling to the country.

Can a non-resident foreigner open a bank account in Singapore?

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) Proof of Address (Utility bills, etc.)

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

What is the easiest bank account to open online?

1. Choose a Bank or Credit Union with $0 Deposit Req’s

  • Barclays Online Savings.
  • Chime.
  • Discover Online Banking Cashback Debit.
  • Credit Unions.
  • Wells Fargo Opportunity Checking®
  • BBVA Compass Easy Checking.
  • Radius Bank Essential Checking.

What countries allow noncitizens to open bank accounts?

5 Best Countries to Open Offshore Bank Accounts

  • 5 Best Countries to Open Offshore Bank Accounts. …
  • Cayman Islands. …
  • Switzerland. …
  • Singapore. …
  • Germany. …
  • Belize.

How do I get a bank account without a physical address?

Some US banks have an international presence, such as Wells Fargo, Bank of America, Citibank, HSBC, etc. They will let you open a bank account even if you don’t have a U.S. address.

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

Compare a range of banks accounts in Singapore

Name Monthly fee Minimum Initial Deposit
UOB Current Account S$0 S$1,000
BOC Current Account S$0 S$1,000
Maybank PremierOne Current Account S$2 S$1,000
Citibank MaxiSave Account S$0 S$15,000

How long does it take to open a bank account in Singapore?

For applications made between Mondays to Saturdays, 0700 hr to 1900 hr, your account will be opened instantly. Beyond this period, account opening will take 2 working days (including Public Holidays).

How do I open an offshore bank account in Singapore?

Here’s how you can open an offshore bank account in 7 steps:

  1. Determine Why You Need the Offshore Account. …
  2. Check If You Have the Required Opening Documents. …
  3. Speak to a Tax Advisor. …
  4. Check if the Banking Options are Sufficient. …
  5. Check Reviews of the Bank’s Services. …
  6. Compare Fees. …
  7. Examine How the Relationship Managers Work.


Can a non-resident open a bank account in Malaysia?

Can I open a bank account in Malaysia as a non-resident? Yes, it is possible to open a bank account in Malaysia as a non-resident. You just need to provide the necessary paperwork, which as you see, does not require proof of address in Malaysia. If you choose a foreign bank, you can even start the process from abroad.

Can foreigner open bank account online?

Anyone who opens an account may need a Social Security number or an individual taxpayer identification number. Although many banks allow customers to open their accounts online, nonresidents may need to visit a branch to finish their applications.

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Can foreigner open OCBC bank account in Singapore?

OCBC advises that for a non-Singaporean who does not have a valid Work permit, Employment pass or Student pass, he/ she is still eligible to open a Deposit account(s) with OCBC Bank in Singapore. You are required to visit any of their Singapore branches personally with your Passport for the account opening.

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