Hidden charges and unclear fee structures can hurt small businesses. Here’s a breakdown of typical fees for Singapore business bank accounts and how to avoid unnecessary costs. Common Fee Types Monthly account maintenance FAST/GIRO transfer fees Ov
It allows businesses to hold and transact in multiple currencies (e.g., SGD, USD, EUR, CNY) under a single account.
Choosing the right business bank account can save startups and SMEs time and money. Here’s a comparison of the most popular options for small and growing businesses in Singapore. What Startups Should Look For Low minimum deposit Free online transfe
Singapore is a global financial hub known for its stability, efficient regulation, and access to international payment networks.
Digital banking platforms simplify operations, offering 24/7 access to corporate finances. Modern business banking integrates powerful digital tools: Real‑time account balances and transaction monitoring Bulk payment processing and salary disbursem
Singapore banks provide comprehensive trade finance solutions that support global supply chains. For companies involved in import and export, trade finance is essential to manage cash flow and mitigate risk. Common Products: Letters of Credit (LCs) t
Business credit cards help manage company expenses, earn rewards, and build credit profiles. A business credit card separates personal and corporate spending, simplifying accounting and tax filing. Advantages: Detailed monthly statements for bookkeep
A variety of loan products support business growth; choosing the right one depends on your cash flow needs. Banks in Singapore offer term loans, trade financing, and working capital credit lines tailored for SMEs and larger enterprises. Key Considera
Learn the requirements, procedures, and benefits of setting up a corporate bank account in Singapore. Singapore’s reputation as a global financial hub makes it a top choice for entrepreneurs. To open a corporate account, a company typically needs:
Learn how to use online banking tools to manage your SME’s finances better, from automation to forecasting.