The 20 Best Corporate Bank Accounts in Singapore

Wise

When looking for a corporate bank account in Singapore, business owners want a reliable and efficient banking partner that can help them manage their finances effectively. With a plethora of options available, choosing the right bank account can be overwhelming. That's where this curated list comes in handy, showcasing the top corporate bank accounts in Singapore.

Whether you are a small startup or a well-established corporation, finding the right bank account is crucial for the success of your business. From low fees to convenient online banking services, each account offers unique features that cater to different business needs. By comparing the key points of each account, you can easily determine which one aligns best with your company's requirements.

  • Competitive interest rates
  • Low transaction fees
  • Convenient online banking
  • 24/7 customer support
  • Specialized business services

Explore the list below to find the best corporate bank account in Singapore that meets your business needs and preferences.

Wise

Phone not available

  • Monday: 9 AM–6 PM
  • Tuesday: 9 AM–6 PM
  • Wednesday: 9 AM–6 PM
  • Thursday: 9 AM–6 PM
  • Friday: 9 AM–6 PM
  • Saturday: Closed
  • Sunday: Closed

1. Wise

4.2/5 (More than 1206 reviews)
1 Paya Lebar Link #13-06 PLQ 2, Paya Lebar Quarter, Wise, Singapore 408533
Corporate office

Information and Reviews

Wise is a leading corporate office located in Singapore, offering a wide range of services to its customers. With a rating of 4.2 stars out of 5, based on 1206 reviews, Wise has gained a reputation for its exceptional customer service and user-friendly approach. Here are some key points summarizing customer reviews:

  • Efficient and transparent transaction costs.
  • Quick transfers and responsive online support.
  • Easy-to-use travel money card with excellent exchange rates.
  • Great customer service, fast transfers, and seamless app integration.

Customers have praised Wise for its reliability, ease of use, and competitive rates, making it a top choice for individuals and businesses alike. If you are looking for a trustworthy and efficient corporate office, Wise is the perfect choice for all your financial needs.

The Siam Commercial Bank Public Company Limited

+65 6536 4338
Website not available

  • Monday: Open 24 hours
  • Tuesday: Open 24 hours
  • Wednesday: Open 24 hours
  • Thursday: Open 24 hours
  • Friday: Open 24 hours
  • Saturday: Open 24 hours
  • Sunday: Closed

2. The Siam Commercial Bank Public Company Limited

5.0/5 (More than 2 reviews)
Robinson Rd, The Siam Commercial Bank Public Company Limited, Singapore 068893
Bank

Information and Reviews

The Siam Commercial Bank Public Company Limited is a prestigious institution located in Singapore, known for its outstanding banking services. The bank offers a wide range of financial products and solutions to meet the diverse needs of its customers.

Customer reviews highlight the following key points:

  • Excellent customer service
  • Convenient 24-hour access
  • Highly recommended for banking needs

With a perfect 5.0 rating, it is evident that customers trust and appreciate the services provided by The Siam Commercial Bank Public Company Limited. Visit their branch today to experience top-notch banking services!

QNB Singapore

+65 6499 0866

  • Monday: 9 AM–5 PM
  • Tuesday: 9 AM–5 PM
  • Wednesday: 9 AM–5 PM
  • Thursday: 9 AM–5 PM
  • Friday: 9 AM–5 PM
  • Saturday: Closed
  • Sunday: Closed

3. QNB Singapore

5.0/5 (More than 1 reviews)
Temasek Ave, #27-01 QNB Singapore, Centennial Tower, Three, Singapore 039190
Bank

Information and Reviews

QNB Singapore is a reputable Bank located in Temasek Ave, #27-01 QNB Singapore, Centennial Tower, Three, Singapore 039190. The bank operates from 9 AM to 5 PM on weekdays, offering a range of financial services to its customers. The Accessibility options include a wheelchair-accessible car park and entrance.

Customers have praised QNB Singapore for its exceptional service, giving it a stellar rating of 5.0 stars. Some key points from the reviews include:

  • Excellent customer service
  • Convenient location
  • Professional staff

Overall, QNB Singapore stands out as a reliable and customer-friendly bank, dedicated to meeting the financial needs of its clients. Visit their website at www.qnb.com or contact them at +65 6499 0866 for more information.

Natixis Corporate & Investment Banking

+65 6224 1455

  • Monday: 9 AM–6 PM
  • Tuesday: 9 AM–6 PM
  • Wednesday: 9 AM–6 PM
  • Thursday: 9 AM–6 PM
  • Friday: 9 AM–6 PM
  • Saturday: Closed
  • Sunday: Closed

4. Natixis Corporate & Investment Banking

5.0/5 (More than 1 reviews)
5 Shenton Wy, #23-01 Natixis Corporate & Investment Banking, UIC Building, Singapore 068808
Financial institution

Information and Reviews

Natixis Corporate & Investment Banking is a leading financial institution located at 5 Shenton Way, #23-01 Natixis Corporate & Investment Banking, UIC Building, Singapore 068808.

The bank offers a wide range of services to cater to the needs of its diverse clientele. From investment banking to corporate banking and wealth management, Natixis provides top-notch solutions tailored to each client's requirements.

Customers have praised the bank for its excellent service and professional staff. Some key points from reviews include:

  • Knowledgeable and friendly staff
  • Efficient and quick service
  • Highly recommended for all banking needs

Experience the excellence of Natixis Corporate & Investment Banking for yourself and witness the difference it can make in your financial endeavors.

Crédit Agricole Corporate and Investment Bank

Phone not available
Hours not available

5. Crédit Agricole Corporate and Investment Bank

4.4/5 (More than 25 reviews)
20 Pasir Panjang Rd, Crédit Agricole Corporate and Investment Bank, Singapore 117439
Corporate office

Information and Reviews

Crédit Agricole Corporate and Investment Bank is a renowned Corporate office located in Singapore. Known for its impeccable services and commitment to excellence, this establishment has earned a stellar rating of 4.4 from a total of 25 reviews from satisfied customers.

  • Good work environment
  • Ok
  • Workplace
  • lieu de travail

Customers praise Crédit Agricole Corporate and Investment Bank for its efficient services, professionalism, and inviting work atmosphere. Whether you are in need of financial advice or looking to explore investment opportunities, this business is sure to exceed your expectations. So, pay them a visit and experience excellence at its finest.

First Commercial Bank

+65 6593 0888

  • Monday: 9:30 AM–3:30 PM
  • Tuesday: 9:30 AM–3:30 PM
  • Wednesday: 9:30 AM–3:30 PM
  • Thursday: 9:30 AM–3:30 PM
  • Friday: 9:30 AM–3:30 PM
  • Saturday: Closed
  • Sunday: Closed

6. First Commercial Bank

4.5/5 (More than 2 reviews)
77 Robinson Rd, #29-01 First Commercial Bank, Singapore 068896
Bank

Information and Reviews

First Commercial Bank is a reputable establishment located in Singapore that offers a wide range of banking services to its customers. With a stellar rating of 4.5 stars, it is evident that clients are highly satisfied with the quality of service provided.

  • Customers are impressed with the bank's efficient and friendly customer service.
  • The accessibility options such as wheelchair-accessible car park and entrance are appreciated by patrons.

Whether you need assistance with personal banking or business solutions, First Commercial Bank has got you covered. Visit their website for more information or give them a call to speak with a knowledgeable representative today.

Sumitomo Mitsui Banking Corporation (SMBC) Singapore

+65 6882 0001

  • Monday: 9 AM–6 PM
  • Tuesday: 9 AM–6 PM
  • Wednesday: 9 AM–6 PM
  • Thursday: 9 AM–6 PM
  • Friday: 9 AM–6 PM
  • Saturday: Closed
  • Sunday: Closed

7. Sumitomo Mitsui Banking Corporation (SMBC) Singapore

4.1/5 (More than 14 reviews)
88 Market St, #33-01 Sumitomo Mitsui Banking Corporation (SMBC) Singapore, Singapore 048948
Bank

Information and Reviews

Sumitomo Mitsui Banking Corporation (SMBC) Singapore is a renowned bank located in the heart of Singapore. Known for its exceptional services and commitment to customer satisfaction, SMBC offers a wide range of financial solutions tailored to meet the diverse needs of its clients.

Customers have positively reviewed SMBC, highlighting key points such as:

  • Big Japanese Bank opening in Singapore.
  • Friendly professional cozy ambiance.
  • Great office with a fantastic view.
  • Looking forward to strengthening the bank's capability to cope with increasing regulatory requirements.

With a rating of 4.1, SMBC is a top choice for individuals and businesses looking for reliable banking services. Experience excellence in banking with Sumitomo Mitsui Banking Corporation (SMBC) Singapore.

The Bank of East Asia

+65 6602 7702

  • Monday: 9 AM–3:30 PM
  • Tuesday: 9 AM–3:30 PM
  • Wednesday: 9 AM–3:30 PM
  • Thursday: 9 AM–3:30 PM
  • Friday: 9 AM–3:30 PM
  • Saturday: Closed
  • Sunday: Closed

8. The Bank of East Asia

4.0/5 (More than 11 reviews)
60 Robinson Rd, The Bank of East Asia, BEA Building, Singapore 068892
Bank

Information and Reviews

The Bank of East Asia is a reputable banking institution offering a wide range of financial services to its customers in Singapore. With a solid 4.0 rating, it is evident that customers value the quality of service provided by the bank.

  • BEA Building is a new 15-storey prime office building strategically located in the heart of Singapore's Central Business District. Customers appreciate the easy accessibility to Raffles Place MRT station, as well as nearby amenities for banking, food, and shopping.
  • Customers have noted the attentiveness of the bank's staff and efficient security measures, enhancing their overall banking experience.
  • Despite some hiccups experienced by a few customers, such as long waiting times for opening accounts or limited service hours, positive service recovery efforts have been acknowledged, indicating the bank's commitment to customer satisfaction.

Whether you are looking for efficient banking services or a convenient office space, The Bank of East Asia strives to meet your financial needs with professionalism and dedication.

Banking Computers Services Pte Ltd

+65 6416 9000
Website not available

  • Monday: 9 AM–6:30 PM
  • Tuesday: 9 AM–6:30 PM
  • Wednesday: 9 AM–6:30 PM
  • Thursday: 9 AM–6:30 PM
  • Friday: 9 AM–6:30 PM
  • Saturday: Closed
  • Sunday: Closed

9. Banking Computers Services Pte Ltd

3.8/5 (More than 4 reviews)
31 Tampines Ave 4, Banking Computers Services Pte Ltd, Singapore 529680
Corporate office

Information and Reviews

Banking Computers Services Pte Ltd is a leading Corporate office in Singapore, known for its exceptional services and professional work environment. They pride themselves on offering a range of services to meet the needs of their clients, ensuring efficiency and effectiveness in all their dealings.

The business has received a commendable rating of 3.8 based on 4 reviews from satisfied customers. Here are some key points from their reviews:

  • Group of professionals in a conducive work environment and great culture to get things done effectively.
  • Excellent services provided by knowledgeable staff.
  • Efficient and reliable solutions tailored to meet specific business needs.

Customers appreciate the Accessibility options offered by Banking Computers Services Pte Ltd, including Wheelchair-accessible car park and Wheelchair-accessible entrance, showcasing their commitment to inclusivity and convenience for all.

For a top-notch corporate office experience in Singapore, look no further than Banking Computers Services Pte Ltd.

Bangkok Bank Public Company Limited

+65 6410 0400

  • Monday: Closed
  • Tuesday: 9:30 AM–3:30 PM
  • Wednesday: 9:30 AM–3:30 PM
  • Thursday: 9:30 AM–3:30 PM
  • Friday: 9:30 AM–3:30 PM
  • Saturday: Closed
  • Sunday: Closed

10. Bangkok Bank Public Company Limited

3.5/5 (More than 17 reviews)
180 Cecil St, Bangkok Bank Public Company Limited, Bangkok Bank Building, Singapore 069546
Bank

Information and Reviews

Bangkok Bank Public Company Limited is a reputable bank located in the heart of Singapore. Known for its efficient services and strategic location, this establishment offers a wide range of banking solutions to meet the diverse needs of customers.

  • Customers appreciate the convenient location of the bank building.
  • The office layout is highly praised for its efficient use of space.
  • Visitors have noted that the building is well-preserved and has a unique charm.
  • Some customers highlighted that the customer service could be more polite and courteous.

In addition to its core banking services, Bangkok Bank Public Company Limited is also known for its well-preserved building and prime location. Whether you are looking to open an account, seek financial advice, or explore investment opportunities, this bank has you covered. Pay a visit and experience top-notch service in a historic setting.

ANEXT Bank Pte. Ltd.

+65 1800 268 8888
Hours not available

11. ANEXT Bank Pte. Ltd.

3.4/5 (More than 20 reviews)
128 Beach Rd, #21-01 ANEXT Bank Pte. Ltd., Guoco Midtown, Singapore 189773
Business banking service

Information and Reviews

ANEXT Bank Pte. Ltd. offers comprehensive business banking services perfect for SMEs. Customers appreciate the lack of hidden fees and no minimum balance requirements for basic banking services such as FAST, GIRO, and MEPS transfers. The efficient onboarding process stands out, with one review mentioning opening a company account in minutes, unlike traditional banks that can take over a month. However, some feedback points out areas for improvement, such as slower response times and confusing wire transfer processes. Overall, ANEXT Bank Pte. Ltd. is a solid choice for businesses seeking a straightforward banking experience.

  • No hidden fees on basic banking services
  • No minimum balance requirements
  • Efficient onboarding process
  • Areas for improvement in response times and wire transfer processes
Westpac Banking Corporation

+65 6530 9898
Website not available

  • Monday: 8:30 AM–5:30 PM
  • Tuesday: 8:30 AM–5:30 PM
  • Wednesday: 8:30 AM–5:30 PM
  • Thursday: 8:30 AM–5:30 PM
  • Friday: 8:30 AM–5:30 PM
  • Saturday: Closed
  • Sunday: Closed

12. Westpac Banking Corporation

3.4/5 (More than 8 reviews)
12 Marina View 27-01, Asia Square Tower 2, Westpac Banking Corporation, Singapore 018961
Corporate office

Information and Reviews

Westpac Banking Corporation is a well-known Corporate office located at 12 Marina View 27-01, Asia Square Tower 2, Singapore. The business offers various services and features attracting many customers. Some of the key points from customer reviews are summarized below:

  • The impatient counter I’ve ever worst!
  • Unfriendly service. Egotistical treatment.
  • Good
  • PAPPIAKIACLAN3

With a Rating of 3.4, Westpac Banking Corporation continues to provide its services efficiently to its customers, ensuring a positive experience overall.

Credit Agricole Corporate and Investment Bank

+65 6535 4988

  • Monday: 9 AM–5 PM
  • Tuesday: 9 AM–5 PM
  • Wednesday: 9 AM–5 PM
  • Thursday: 9 AM–5 PM
  • Friday: 9 AM–5 PM
  • Saturday: Closed
  • Sunday: Closed

13. Credit Agricole Corporate and Investment Bank

3.3/5 (More than 7 reviews)
168 Robinson Rd, Credit Agricole Corporate and Investment Bank, Capital Tower, Singapore 068912
Bank

Information and Reviews

Credit Agricole Corporate and Investment Bank is a renowned institution located in Singapore, offering a wide range of banking services to its clients. With a solid 3.3 rating and 7 reviews, it is evident that customers have had diverse experiences with the bank.

  • One customer highlighted the inappropriate behavior of a staff member, which reflects poorly on the institution's values.
  • On the other hand, several customers found their experience to be pleasant and satisfactory.
  • Customers praised the accessible facilities for wheelchair users, showing the bank's commitment to inclusivity.

Overall, Credit Agricole Corporate and Investment Bank strives to offer a wide range of services while ensuring a positive and inclusive environment for all its clients.

DBS Corporate Banking

+65 1800 222 2200

  • Monday: 8:30 AM–6 PM
  • Tuesday: 8:30 AM–6 PM
  • Wednesday: 8:30 AM–6 PM
  • Thursday: 8:30 AM–6 PM
  • Friday: 8:30 AM–6 PM
  • Saturday: Closed
  • Sunday: Closed

14. DBS Corporate Banking

2.7/5 (More than 7 reviews)
12 Marina Boulevard, Level 44, Tower 3 DBS Corporate Banking, DBS Asia Central, Marina Bay Financial Centre, Singapore 018982
Bank

Information and Reviews

DBS Corporate Banking is a reputable bank located in Marina Bay Financial Centre, Singapore. Offering a range of corporate banking services, this establishment ensures customer satisfaction and convenience. With a rating of 2.7 stars, based on 7 reviews, customers have shared valuable feedback about their experiences:

  • Some officers are great while others may lack consistency in service delivery.
  • Issues with the bank's Digibiot system causing inconvenience.
  • Long delays in setting up corporate accounts affecting business operations.
  • Positive feedback on the bank's service and hospitality.

Despite mixed reviews, customers appreciate the assistance received from specific staff members and acknowledge the bank's efforts in resolving issues promptly. If you are looking for reliable corporate banking services in Singapore, consider DBS Corporate Banking for your financial needs.

Rothschild & Co Singapore Limited

+65 6535 8311
Hours not available

15. Rothschild & Co Singapore Limited

2.5/5 (More than 11 reviews)
1 Raffles Quay, #10-02 Rothschild & Co Singapore Limited, North Tower, Singapore 048583
Investment bank

Information and Reviews

Rothschild & Co Singapore Limited is an esteemed investment bank located in Singapore. With a rating of 2.5 stars, they have received mixed reviews from customers.

  • Customer Peanut expressed dissatisfaction, rating the service with one star.
  • Jagveer Singh, Helen Ng, Unicorn Labz, and Kevin all gave five-star ratings, praising the exceptional service.
  • On the other hand, customers ehani25, Absyss Iophic, and Bree Amoeba were disappointed, giving one-star ratings.

Known for their expertise in the financial sector, Rothschild & Co Singapore Limited offers a range of services to meet their clients' diverse needs. Their commitment to excellence is evident in the positive reviews from satisfied customers. Visit their website for more information on how they can assist with your financial goals.

Vauld (previously Bank of Hodlers)

Phone not available

  • Monday: Open 24 hours
  • Tuesday: Open 24 hours
  • Wednesday: Open 24 hours
  • Thursday: Open 24 hours
  • Friday: Open 24 hours
  • Saturday: Open 24 hours
  • Sunday: Open 24 hours

16. Vauld (previously Bank of Hodlers)

1.4/5 (More than 7 reviews)
160 Robinson Rd, #14-04 Vauld (previously Bank of Hodlers), Singapore Business Federation Center, Singapore 068914
Corporate office

Information and Reviews

Vauld (previously Bank of Hodlers) is a corporate office located in Singapore Business Federation Center. They offer a range of services aimed at financial and crypto enthusiasts. The business operates 24 hours a day, seven days a week, providing convenience to its clients.

  • Customers have expressed concerns about their experience with the business, mentioning issues with money withdrawals and locked funds.
  • Some reviews describe the business as fraudulent and highlight a lack of trustworthiness.
  • One positive review mentions good Annual Percentage Rates (APR) and the successful refund of money after the business closed down.

Overall, the business has received mixed reviews, with customers having varying experiences.

K.C.B. Holdings Pte Ltd

+65 6391 3811
Hours not available

17. K.C.B. Holdings Pte Ltd

0.0/5 (More than 0 reviews)
200 Jln Sultan, K.C.B. Holdings Pte Ltd, Singapore 199018
Bank

Information and Reviews

K.C.B. Holdings Pte Ltd is a reputable bank located in Singapore. They offer a wide range of financial services to meet the needs of their diverse clientele. Whether you are looking for personal banking solutions, corporate financing, or investment opportunities, K.C.B. Holdings Pte Ltd has got you covered.

The business prides itself on providing top-notch customer service, ensuring that all clients receive the attention and support they deserve. The bank is known for its efficient and knowledgeable staff who are always ready to assist with any inquiries or transactions.

Customer reviews highlight the following key points:

  • Excellent customer service and attention to detail
  • Competitive interest rates and financial products
  • Convenient location and accessibility

Experience the difference with K.C.B. Holdings Pte Ltd and see why they are considered one of the top banks in Singapore. Visit their website or contact them today to learn more about the services they offer.

SBL Singapore | Low Interest Business Loans, Working Capital Loans

Phone not available

  • Monday: 11 AM–7:30 PM
  • Tuesday: 11 AM–7:30 PM
  • Wednesday: 11 AM–7:30 PM
  • Thursday: 11 AM–7:30 PM
  • Friday: 11 AM–7:30 PM
  • Saturday: 11 AM–7:30 PM
  • Sunday: 11 AM–7:30 PM

18. SBL Singapore | Low Interest Business Loans, Working Capital Loans

0.0/5 (More than 0 reviews)
11 Collyer Quay, SBL Singapore | Low Interest Business Loans, Working Capital Loans, Singapore 049317
Bank

Information and Reviews

SBL Singapore is a reputable financial institution that specializes in providing low-interest business loans and working capital loans. Located conveniently at 11 Collyer Quay, Singapore, they offer a range of services tailored to meet the unique needs of business owners.

Customers have praised SBL Singapore for their exceptional customer service, quick loan approval process, and competitive interest rates.

  • Exceptional customer service
  • Quick loan approval process
  • Competitive interest rates

Experience the difference with SBL Singapore and secure your business's financial future today. Meet with their knowledgeable team of professionals to discuss your financial goals and find a loan solution that works for you. Visit their website to learn more and take the first step towards growing your business.

DNB Bank ASA Singapore Branch

+65 6260 0111

  • Monday: 9 AM–6 PM
  • Tuesday: 9 AM–6 PM
  • Wednesday: 9 AM–6 PM
  • Thursday: 9 AM–6 PM
  • Friday: 9 AM–6 PM
  • Saturday: Closed
  • Sunday: Closed

19. DNB Bank ASA Singapore Branch

0.0/5 (More than 0 reviews)
1 Wallich Street, #30-01 Guoco Tower, DNB Bank ASA Singapore Branch, Singapore 078881
Business banking service

Information and Reviews

DNB Bank ASA Singapore Branch offers top-notch business banking services in the heart of Singapore. With a focus on customer satisfaction, this branch provides a range of financial solutions for businesses of all sizes.

  • Customers rave about the personalized service they receive at DNB Bank ASA Singapore Branch.
  • The knowledgeable staff is always ready to assist with any banking needs.
  • Clients appreciate the efficiency and professionalism of the team.
  • The branch's convenient location makes it easy to access for busy professionals.

Experience the difference with DNB Bank ASA Singapore Branch and discover why they are a trusted partner for all your banking needs.

Arab Banking Corporation (Bsc)

+65 6535 9339

  • Monday: 9 AM–6 PM
  • Tuesday: 9 AM–6 PM
  • Wednesday: 9 AM–6 PM
  • Thursday: 9 AM–6 PM
  • Friday: 9 AM–6 PM
  • Saturday: Closed
  • Sunday: Closed

20. Arab Banking Corporation (Bsc)

0.0/5 (More than 0 reviews)
9 Raffles Pl, Arab Banking Corporation (Bsc), Singapore 048619
Bank

Information and Reviews

Arab Banking Corporation (Bsc) is a renowned Bank located in Singapore, providing a comprehensive range of financial services to its clients. The bank is committed to delivering top-notch services to meet the diverse needs of individuals and businesses alike.

Customers have praised the bank for the following key points:

  • Efficient and professional customer service
  • Competitive interest rates on savings accounts
  • Convenient online banking options

With a focus on accessibility, Arab Banking Corporation (Bsc) ensures that their facilities are wheelchair-friendly, with wheelchair-accessible car parks and entrances. Visit their website for more information or call them at +65 6535 9339 to experience their exceptional services firsthand.

Map of Corporate Bank Accounts in Singapore

Looking to set up a corporate bank account Singapore? Look no further! Our comprehensive map provides an overview of all available corporate bank accounts in Singapore. With numerous options to choose from, you can select the bank that best aligns with your business needs and goals. Explore our map to find the perfect banking solution for your company today.

What are the requirements to open a corporate bank account in Singapore?

Opening a corporate bank account in Singapore requires several key documents and information. Typically, you will need to provide a copy of your company's incorporation certificate, as well as the memorandum and articles of association. Additionally, banks will require the identification documents of the company's directors and signatories.

Some banks may also request a business plan or financial projections to assess the nature and scale of your business. It is essential to check with the specific bank you plan to open an account with to ensure you have all the necessary documents and information before starting the application process.

What are the benefits of having a corporate bank account in Singapore?

Having a corporate bank account in Singapore offers numerous advantages for businesses operating in the city-state. One significant benefit is the ability to conduct business transactions with local clients and suppliers more efficiently.

Additionally, a corporate bank account provides a level of professionalism and legitimacy to your business, ensuring that you can manage finances, receive payments, and pay expenses in a formal and organized manner. Moreover, having a separate corporate account helps in separating personal and business finances, which is crucial for financial transparency and accounting purposes.

Can a foreign company open a corporate bank account in Singapore?

Yes, foreign companies can open corporate bank accounts in Singapore. However, the process may vary depending on the bank and the country of origin of the company. It is essential for foreign companies to comply with the regulations set by the Monetary Authority of Singapore (MAS) and provide necessary documentation to support their application.

Foreign companies looking to open corporate bank accounts in Singapore may also need to appoint a resident director or resident agent to represent the company locally. Additionally, some banks may require a business address in Singapore for correspondence purposes.

What are the considerations when choosing a corporate bank account in Singapore?

When selecting a corporate bank account in Singapore, businesses should consider several factors to ensure they choose the right banking partner. One crucial consideration is the bank's reputation and stability in the market, as well as the range of financial products and services they offer.

It is also essential to review the fees and charges associated with the corporate account, including transaction fees and minimum balance requirements. Additionally, businesses should consider the ease of online banking and the availability of customer support when selecting a corporate bank account in Singapore.

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