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Bank Account in Singapore

Our company offers introduction services for opening corporate bank accounts in Singapore.

Our company also assists with opening personal bank accounts.

Singapore Bank Account Package - $1,590

The package includes Belize offshore company, corporate seal, set of corporate documents for the bank and bank introduction services for opening a bank account in Singapore. Unprecedented level of privacy based on Belize offshore legislation and Singapore bank secrecy law.

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About the Bank

This bank is the largest financial institution in the combined Singapore-Malaysia market in terms of assets. Currently the bank has over SGD180 billion (USD125 billion) in assets.

The bank was established in 1912. It has a network of more than 480 branches and representative offices in 15 countries and territories including Singapore, Malaysia, Indonesia, Thailand, Vietnam, China, Hong Kong, Taiwan, Brunei, Myanmar, Japan, Korea, Australia, UK and USA.

Required Corporate Documents

Our company prepares all required corporate documents in accordance with the bank requirements.

Required Personal Documents

The bank requires the following personal documents from each Beneficial Owner, Director and Signatory:

  • A certified copy of the valid passport (pages containing photo, signature and personal details)

  • Brief resume, which includes information about background of the individual, such as education and areas of expertise gained through business or employment.

Passport copies and signatures of the account signatories must be certified by a bank officer.

Personal Visit

Director is required to visit the bank's headquarter in Singapore or international branch for signature and identity verification.

When a company has more than one director, only one director has to visit the bank or its branch. Other directors may provide notarized passport copies.


The bank opens accounts in the following currencies: SGD, USD, EUR, GBP, CAD, AUD, HKD, JPY, CHF and NZD.

Initial Deposit

Initial deposit and minimum balance required as follow:

  • SGD account - SG$30,000

  • USD account - US$30,000

  • EUR account - EUR30,000

  • GBP account - GBP30,000

  • CAD account - CAD30,000

  • AUD account - AUD30,000

  • HKD account - HKD180,000

  • JPY account - JPY2,000,000

  • NZD account - NZD30,000.

The bank charges monthly service fee of $100, if monthly average balance falls below the required minimum balance.

Online Banking

The bank offers advanced online banking including:

  • Access to account balances and account transactions

  • Transfer money between accounts in the same bank

  • International wire transfer payments.

Clients have access to their accounts 24/7.

Debit and Credit Cards

The bank offers Corporate Business Card. This card is a combination of ATM card and MasterCard debit card. The card is connected directly to the business account in Singapore Dollars. All card payments are debited directly from the SGD business account.

The card provides the following benefits:

  • 24/7 cash withdraw from ATMs with the sign PLUS and MasterCard in any country of the world

  • Worldwide acceptance for any online or in store purchases

  • No security deposit is required.

  • You can personalize your card with your company logo and title.

The bank does not offer credit cards for offshore companies.

Time Required

The bank usually opens a corporate account in 4 to 6 weeks upon receiving completed application forms, corporate and personal documents, meeting with the client and verification of clients personal documents and business information.

Bank Fees

Bank Account Fees:

  • One time setup fee: SG$500.

  • Maintenance fee: FREE if monthly average balance is not less than the minimum balance for the account. Otherwise the fall-below monthly fee for each currency account is SG$100, US$100, EUR100, GBP 100, CAD100, AUD100, HKD6,500, JPY65,000, NZD100.

  • International wire transfer fee

    • Inward payments: SGD10;

    • Outward payments: USD38.

  • Cheque book: free of charge

  • Internet banking: free of charge

  • Bank's fee for opening an account: free of charge.

Corporate Business Card Fees:

  • Issue fee: free of charge

  • Annual fee: free SGD15

  • Cash withdrawal: 3 % of the amount withdrawn (min SGD5, max SGD20).

Feedback of Our Clients

Our company introduces its clients to the bank and constantly monitors clients experience with the bank's services.

The bank's new client acceptance rate is around 85%. About 15% of applications are declined due to inability clients to provide required personal documents or describe and confirm their business activities.

Our clients, who use this bank have extremely high level of satisfaction with the bank's services.

Our company higly recommends this bank.


A & P Intertrust Corporation is Member of the Better Business Bureau.
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