How can I open a bank account in Singapore?
What documents are required for account opening?
- Identification Document. Provide front and back of NRIC.
- 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 a non Singaporean open a bank account in Singapore?
There’s no legal reason why you can’t open a bank account in Singapore as a visitor, student or holding a Dependent pass. … UOB state that they consider applications from foreigners who are not working or studying in Singapore, as long as you can attend a branch in person to provide documents.
Can I open a bank account in Singapore online?
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 much does it cost to open a bank account in Singapore?
Which bank account to open in Singapore?
|Monthly Account Fee||None||Nil|
|Deposit required||S$1,000 to S$3,000||S$100,000|
|Minimum balance required||DBS Digital Business Account has no minimum required. DBS Business Account has an average monthly balance of S$10,000||S$50,000|
Can I open a bank account in Singapore as a tourist?
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.)
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).
Can I keep my bank account if I leave Singapore?
yes you can keep you bank account after leaving Singapore, the bank wont cancel it. However, you might need an address to which any correspondence can be sent, and online banking services here are not as developed as in other countries.
Can foreigner keep bank account in Singapore?
Non-residents can hold bank accounts in Singapore as long as they meet certain requirements and provide the necessary documents. These include: ID documents. You’ll need to prove your ID with a national ID card or your passport.
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 a bank account in person?
Identification: When opening an account in person, most banks require two forms of identification such as a Social Security card, driver’s license, state ID, passport or birth certificate. … Proof of Address: To open an account in person, bring a lease or utility bill with your name and current address.
Do u need money to open a bank account?
In addition to documents that verify your identity, age, or address, you may also need to provide a minimum initial deposit when opening a bank account. A minimum initial deposit is an amount of money required by the bank upfront when opening a checking account, savings account, or certificate of deposit.