Starting a company in Singapore? A business bank account is essential. Here’s how to open one the right way.
Opening a business bank account requires:
- ACRA registration certificate
- Company Constitution
- Proof of address
- Identification of directors and shareholders Top banks like DBS, OCBC, and UOB offer SME-focused packages with digital onboarding, often within 3–5 working days. Digital banks such as Aspire and Airwallex are also popular among startups for quick approval and multi-currency wallets. Ensure your business activities are well documented and not in restricted categories like crypto, gambling, or forex advisory without license.