Top Business Accounts in Singapore


Business Accounts in Singapore

Opening a business account is an optimum way to manage one’s company finances.

Picking an optimum account to meet your company demands might enable one to efficiently record one’s full expenses or revenue or streamline payments or transactions.

These alternatively organize your finances effectively, rendering bookkeeping more precise, verifiable, efficient.

Still, what metrics should you use to evaluate which business bank account suits your company?


5 details to prioritize, examine upon your opening a business bank account in Singapore:

  1. Monthly fees

Banks usually bill from $18, reaching till $35.‍


  1. Minimal deposits or balances

Banks often demand a minimal deposit of $1,000 up till $10,000.


  1. Accessibility or ease of use

Ascertain if banks offer mobile services to business accounts. Ascertain if apps are accessible. Ascertain if banks require branch visits.‍


  1. Caps on Transfers or Foreign Currency Conversion Fees

Ascertain if banks require a minimum or maximum transfer sum. Ascertain how fees work for global transfers.


  1. Customer support avenues

Ascertain if banks provide 24/7 chat support. Ascertain if email support is at hand. Ascertain if the bank requires branch visits.


Business Account 


Specialty Aspire is the all-in-one finance operating system for growing businesses. They help companies pay, manage, and earn smarter – by doing more than a bank, bookkeeper, or reward program could ever do alone. Their mission is to empower the next generation entrepreneurs with the financial tools they to realize potential.

Services: Replace your bank account, accounting integrations, team access, scheduled payment, Sign up for free with no minimum deposit, annual or fall-below fees.

Pricing Request a quotation: [email protected]
Address #04-04, 01 Syed Alwi Rd, 207628
Telephone +65-3165 1500
Opening hours 9.30 am to 6.30 pm
Review 1 Use referral code 5ZCQL3JD to get $150 cash bonus on your first min. $5 transaction! I signed up for aspireapp because it is literally free with no monthly fees and fall below fees. You wouldn’t be able to get such a good deal with normal banks. I also managed to get it setup in 2 days completely online. Customer service is pretty good too.
Review 2 Use the following code N9QYWDBK upon registration and make your first business transaction to redeem S$50! Pleasantly surprised by Aspire! Business accounts and most processing are settled within the same business day. Really solid digital bank with fast service upon any inquiries. Great to use especially considering the fact that they continue to grow their offerings. Highly recommended for entrepreneurs.
Review 3 Thumbs up to Aspire. Excellent service and low transfer rates and you can’t beat no fee banking!



Business Account


Specialty Go for gold with UOB Business Banking. Earn up to S$2,000 cash bonus and get a limited edition 1g UOB 999 pure gold bar when you open a UOB Business Account, deposit fresh funds and make qualifying transactions on your account. Every S$100,000 deposit earns you S$80 cash bonus, registered.

Services: UOB online business Account, 1g UOB 999 pure gold bar, Receive or send at least 3 telegraphic transfers, 3 FAST payments or Pay Now collections, 3 GIRO payments or collections

Pricing Request a quotation: [email protected]
Address 10 Bukit Batok Central, Singapore 659958
Telephone +65-1800-2222121
Opening hours 24/7
Review 1 Friendly staff willing to help
Review 2 good service
Review 3 helpful and always smooth transactions. 👍



Business Account


Specialty Open your Business Account online. No initial deposit, no minimum balance required. All-you-can-use FAST and GIRO transactions for free and forever. Open your account online instantly with Sing-pass. All businesses registered in Singapore. For all other businesses, please apply for the Business Foreign Account. Alternatives apply for Business Foreign Accounts.

Services: All-in-one business account, SMEs, open your account instantly, Digital banking, Free digital tools, Make local, international transfers easily

Pricing Request a quotation: [email protected]
Address 9 Bishan Pl, #02-08/09 Bishan Bus Interchange, Singapore 579837
Telephone +65-1800-3633333
Opening hours 11 am to 7 pm
Review 1 Overall good experienced at this brand, staffs are very attentive, make sure we are in the queue with safety distancing, the personal financial consultant William Tan is friendly & helpful, he try to understand our need and give us his personal opinion and suggestion.
Review 2 On 28th Sep 2020, after a fall somewhere in Junction 8, our elderly dad still made his way to the OCBC Junction 8 Branch; claiming he has lost his OCBC credit/debit card and NRIC.
The staff are observant and have paid special attention on him. They assisted him professionally and with patience, respect and care. His problems were solved and Ms Belinda Tan, a Service Officer has gone extra mile to check on his injuries and physical condition.The staff at the OCBC Junction 8 Branch have put the needed work in to provide exceptional customer service: a caring attitude in general about assisting people.We’re very impressed with their customers service and would recommend this bank for anybody who is looking for a company who has your back and best interest at heart. Thank you all of you there!!! You rocks!💪👏❤
Review 3 Staff was incredibly helpful and friendly, very patient at explaining the processes involved and resolved my issues quickly.
Thanks guys! (Didn’t get your names but dude at counter 6 and lady at the front y’all rock 👍🏼)



Business Account


Specialty Business Digital Account. No minimum balance or fall-below fee. Starting up a business? If you have low initial capital and transact mostly online, the Business Digital Account is the best business account ideal for getting you started. Simple to maintain. No minimum balance or fall-below fees, ever. Simple to transact.

Services: Business Digital Account, no minimum balance or fall-below fee, Free access to IDEAL, online banking platform, Start your business account with just S$1,000, Unlimited free digital tokens

Pricing Request a quotation:
Address 68 Orchard Rd, #B1-25 Plaza, Singapore 238839
Telephone +65-1800-1111111
Opening hours 10 am to 5.30 pm
Review 1 I was served with the utmost excellent service by ms Saranya _ she handled all my ad ministrative work so diligently n was very polite _ thank you very much n keep up the good work 20 /5/20 at 14 PM at plaza singapura branch
Review 2 had to come down to put in a credit card application because I had issues doing it online. was helped by Dennis – he was super nice & friendly :, ) the process was very fast as well! thank you for the smooth experience 🙂
Review 3 Nurjannah was very helpful and professional throughout while assisting me with my banking needs today. Really appreciate her help for being such a service champion! 🙂 Please pass on my regards to her. Customer with cash q 5034, at counter 3



Business Account


Specialty Growing and taking your business to the next level is easier with the right support. At HSBC, your business gets a dedicated Relationship Manager and access to product specialists in cash management, trade, and foreign exchange so that you can achieve more. Relationship Managers ensure business’ financial needs are met.

Services: Business Banking, HSBC’s global network, trade intelligence, Cash Management Specialists, Trade Specialists, treasury, and payments

Pricing  Request a quotation:
Address 3 Temasek Blvd, #02 – 738 / 739, Singapore 038983
Telephone +65-1800-4722669
Opening hours 9.30 am to 5 pm
Review 1 Served by miss ong. Fast and efficient
Review 2 Super helpful and obliging service from serene lim (did i remember her name correctly??)!
Review 3 Staff was very friendly and did extra check for my account even when i step in around closing time.



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Business Account


Specialty Wise was launched in 2011 with the vision of making international money transfers cheap, fair, and simple. Today, their multi-currency account helps over 10 million people and businesses manage their money across the world. They help people manage their money internationally more cheaply, quickly, transparently. Wise moves £5 billion monthly.

Services: Business account, grow your business, Invoice payments, 19x cheaper, make batch payments, Save hours on admin

Pricing Request a quotation: [email protected]
Address 140 Paya Lebar Rd, [email protected] Lebar, Singapore 409015
Telephone +65-66355722
Opening hours 1 pm to 5 pm



Business Account


Specialty Shopify refers to an ecommerce platform one may utilize for developing one’s store either online or offline. Store owners utilize Shopify. Shopify lets one peddle products online utilizing one’s personalized website and/or personally via using Shopify POS. The ecommerce website builder contains features for all including amateurs and ecommerce gurus.

Services: Ecommerce store, virtual retail platform, initiate some shop space, display goods, engage clients, transact bills

Pricing Request a quotation:
Address 151 O’Connor St Ground floor, Ottawa, ON K2P 2L8, Canada
Opening hours 9 am to 5 pm
Review 1 Great place to work. Amazing infrastructure
Review 2 Best Canadian company. Great support. Its amazing they are local to Ottawa.
Review 3 Amazing local retailer! I am not a shopper but love this store. Every man in Victoria should check out this shop. You support local Canadian business. Box stores cant compare.



Business Account

Bank of China

Specialty The Singapore branch of the Bank of China holds a highly cosmopolitan global premium. RMB Current Account: For corporate clients who open current accounts in our bank, they can enjoy the convenience of withdrawing cash and transferring fund at any time. Easy access to your cash and the system is flexible to operate.

Services: Corporate Banking, RMB Current Account, RMB Time Deposit Account, RMB Loan, Cross Border Loan, Loan Based on RMB Credit Line

Pricing Request a quotation: [email protected]
Address 302 Tiong Bahru Rd, #01 – 127, Plaza 168732
Telephone +65-1800-6695566
Opening hours 10.30 am to 6 pm
Review 1 Friendly and professional staff
Review 2 Good fixed deposit rates and other promotions
Review 3 Very quiet. On outside of mall, facing main road. Guard at door was cheerful and polite. I visited the branch at 12:45, and was only customer. So, things settled very quickly and efficiently. Counter staff was very helpful and gave clear answers to all my queries. Even helped me with difficult problem of accessing my BOC mobile app, going step by step. Overall, a very pleasant experience. Maybe because I was the only customer? Still, service was excellent.



Business Account

Standard Chartered

Specialty Business One account: Ideal if you commit to minimum balances, the Business One account is a one-stop solution for all your transactional, payments and cash management needs, with preferential pricing for selected services. Discounted Tariffs for Payroll Services. Preferential pricing on payroll payments made via S2B. 2 free check books, opening account.

Services: Business One account, minimum balances, transactional, payments and cash management needs, Discounted Tariffs for Payroll Services, Free Check Books

Pricing Request a quotation: [email protected]
Address 6 Battery Rd, Singapore 049909
Telephone +65-67477000
Opening hours 10 am to 5 pm
Review 1 I have had a great experience banking with Standard Chartered bank. Their app is easy to use too. I also appreciate that they have had the chance to work with Standard Chartered bank where they assist to organize free corporate wellbeing events for companies. Super salary account has no minimum balance needed which is a plus.
Review 2 very very good
Review 3 Staff service was excellent



Business Account


Specialty PayPal Commerce Platform. Take your business global. Get started today. The PayPal Commerce Platform gives you access to a full range of solutions to manage and grow your business at home and abroad. What’s more, setting up your account is quick, easy. PayPal Commerce Platform takes payments in 100 currencies.

Services: PayPal Commerce Platform, accept payments with ease, accept payments in over 100 currencies, PayPal Checkout, Getting paid on your website

Pricing Request a quotation: [email protected]
Address 5 Temasek Blvd #09-01, Suntec Tower Five, 038985
Telephone +65-65104650
Opening hours 9 am to 6 pm
Review 1 Thank you Elon Musk! You made me a millionaire cos i have been investing in paypal and using it for ecommerce biz… I love this company a lot! Thank you thank you!
Review 2 Have used paypal for years and also for company account. Always found it reliable, and for the record much better than things like Stripe for fraud detection. Don’t really understand the reviews here.
Review 3 I called this place for refund and Ron was helpful! I am sure he can hear me a bit but i i dont know why another agent i i think called sarah or something say she cant hear me and hung up on me. But thanks for doing somthing about it



Business Account


Specialty Citi Business Online is an online banking solution designed to provide you with convenient access to your company’s accounts information. With Citi Business Online, you can view your account balances and conduct online transactions anytime of the day, anywhere in the world. This unique service gives you efficiency, flexibility required by businesses.

Services: Citi Business Online, view your account balances, conduct online transactions, Fast And Secure Transfers (FAST), Inbound Funds Transfer, Enhanced Security Features

Pricing Request a quotation:
Address 23 Church St, #01-01, Singapore 049481
Telephone +65-62255225
Opening hours 24/7
Review 1 Great Service!
Review 2 I have funds in a US Citibank account that I wanted to transfer without conversion but my local account is obviously in SGD so I needed to open a USD account.
Jared Ong, a very professional, knowledgeable and friendly front staff, told me about Citibank Global Wallet, helped me with the whole setup, as well as easily answered any questions I had, making the whole process super smooth and such a breeze!
Review 3 Best bank in Singapore



Business Account


Specialty Syndicated Loan allows corporates to avail of the best foreign currency credit opportunities. International Syndication Group (ISG) acts as arranger / underwriter for a variety of loans across the risk spectrum.  Project financing – Airports, oil, gas, power, real estate. Structured finance – High yield mezzanine / equity linked debt.

Services: Corporate Finance, Short-term loans, Revolving Credit Facility (RCF), Receivables Financing or Factoring, Term Loan (fixed or floating)

Pricing Request a quotation: [email protected]
Address 6 Raffles Quay, Singapore 048580
Telephone +800 101 2553
Opening hours 11 am to 3 pm
Review 1 Customer service representative is very calm and help me to open NRE account within short time. The process is just paperless and it’s very convenient, just required original documents.
Review 2 Super fast process with minimum number of documents required. The bank official came down to my workplace with his tablet for helping me create a NRE/NRO account. He was a very helpful, friendly and soft-spoken person, he addressed all my questions and concerns patiently. Great experience overall.
Review 3 Very fast and convenient NRE account opening. The official was very friendly, professional and made the account opening process very smooth. The process was fully tablet app based without paper work. I got my account activated in just 2 working days. Attractive exchange rates too. I highly recommend this bank to people looking for NRE account opening.



Business Account

HL Banking

Specialty Revolving Credit Facility. Convenient Access. To enhance your business cash flow. Flexible For You. Flexible loan tenors to suit your business needs. Customized Repayment. Adjustable repayment terms. Provides assurance to the supplier buyer’s payment obligation is undertaken by Letter of Credit. The importer negotiates with suppliers for better payment terms.

Services: Revolving Credit Facility, Overdraft Facility, Term Loan, Block Discounting, Asset Based Financing

Pricing Request a quotation: [email protected]
Address 16 Raffles Quay, #01-05 Hong Leong Building, Singapore 048581
Telephone +65-64159118
Opening hours 9 am to 4.30 pm



Business Account

SBI Singapore

Specialty SBI Singapore offers Corporate Current Account facility for businesses. Keeping in view of the constantly evolving business environment, the Corporate Current Account ensures hassle-free management of your day-to-day business finances while offering a gamut of services at competitive charges. Low minimum balance requirement assures convenience of operation. Check book available.

Services: Drop-line Overdraft facility, Corporate Current Account facility, 10 times of average monthly balance, Collateral Security, Repayment Period to 60 Months

Pricing Request a quotation: [email protected]
Address 677 Rangoon Road #01-02 Opposite Farrer Park, MRT Exit A, 210677
Telephone +65-65064211
Opening hours 1 pm to 7 pm
Review 1 Very responsive. Cleared our queries and doubt very quickly . Thanks to Branch manager and team.
Review 2 Bank opens on sunday. foreigners who want to open NRI account can approach the bank. remitances to india can be done with in few minutes.
Review 3 Friendly staff



Business Account


Specialty The POSB Payroll Account, designed to help you and your Migrant Worker’s (MW) needs easier online. You can now manage and track salary payments with ease. Use the POSB card to: Pay for purchases at supermarkets, shopping malls and all NETS-accepted stores. Pay for public transport. Top-up telco prepaid cards.

Services: POSB Payroll Account, manage and track salary payments, DBS Remit, Services for Work Permit Account Holders, POSB Cashpoint

Pricing Request a quotation:
Address 144 Upper Bukit Timah Rd, Singapore 588177
Telephone +65-1800-3396666
Opening hours 24/7
Review 1 I like the service there..their staff is helpful & willingly to teach me how to download the bank app .I forgot to ask her name..Next trip will ask her name
Review 2 Miss Rugaya at counter, pleasant and helpful throughout my visit to the branch!
Review 3 I would like to compliment and extend my sincere thanks to Ms Fiona Niam for her great customer service and patiently explained the procedure regarding cashier order through online transaction. Thank you Fiona



Business Account


Specialty At Maybank SME Banking, they always put you first. They are honored to be awarded “Excellence in SME Banking” by The Digital Banker. It is a recognition of our unwavering support to provide dedicated financial services #ForYou. SME Banking: They understand that small businesses in Singapore have ambitions, financing needs.

Services: COVID-19 Relief package, Pay Now, Corporate, SME Start Digital Solutions, Business Internet Banking, Deposits

Pricing Request a quotation: [email protected]
Address 247 Holland Ave, Singapore 278979
Telephone +65-65335229
Opening hours 11 am to 7 pm
Review 1 Very good service
Review 2 Great service
Review 3 Received great service from staff Darren Wang Jun. Helpful and polite. Fantastic experience. That is excellent customer service.



Business Account


Specialty Founded in 2015, Xfers aims to accelerate financial access within Southeast Asia by enabling businesses to accept payments and send money. Xfers boasts a range of last-mile financial rails including the Xfers Send, Xfers Accept, Xfers Wallet, and Straits X stable coin. Xfers is a Major Payment Institution licensed by the MAS.

Services: Accelerate financial access, accept payments, Xfers Send, Xfers Accept, Xfers Wallet, and StraitsX stable coin

Pricing  Request a quotation: [email protected]
Address Blk 79 Ayer Rajah Crescent, #04-08/09, Singapore 139955
Telephone +65-62480893
Opening hours 10 am to 6 pm
Review 1 Excellent service. I have had an issue in the account setup and activation, got exchanged emails quickly with Xfers staff and managed by their prompt help to fix the issues on one day. Appreciated.
Review 2 The customer care support is so proactive. You usually get response within minutes with valid questions and perfect solutions. Can’t expect more.
Review 3 Support team is very responsive and helpful especially Bella E. The team know the urgency of my issue.
Will give them 9/10. Thanks!


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Business Accounts


Specialty World without Currency Borders™. M-DAQ builds over-the-top (OTT) applications to facilitate cross-border business for various industries since 2010. M-DAQ achieves this through their proprietary data technology and support from ⅔ of the world’s foreign exchange providers. With growth of digital e-Wallet payments and tourism world-wide, M-DAQ developed cross-border payment solutions.

Services: Digital e-Wallet payments, cross-border payment solution, Currency movement, cross-border business, currency conversion platform

Pricing Request a quotation: [email protected]
Address 15 Playfair Road, Level 2, Singapore 367987
Telephone +65- 6225 8991
Opening hours 9 am to 6.30 pm



Business Account

Alpha Fintech

Specialty Payment Platform as a Service: What would the impact to your business be if any payment product needed was one click away? What if the work taxing your Finances and IT & OPS resources was eliminated? Increase Revenue. Over 100 payments, risk and shipping solutions 1-click away. Never lack products.

Services: Financial Risk Protection, Monetize Your Data Assets, SAAS Merchant Acquiring, Payment Solution Library, Intelligent Routing

Pricing Request a quotation: [email protected]
Address 2 Sims Close, #07-09, Gemini @ Sims, Singapore 387298
Telephone [email protected]
Opening hours 24/7



Business Account


Specialty Digitalizing supply chains and making payments, account and transaction management, and financing easy. Quick account openings with no monthly fee for SME’s. Making it possible for customers to do any type of transaction and business. Easy step for businesses to digitalize and access business account management and financing features, online.

Services: Digitalizing supply chains, making payments, account control, transaction management, online transactions

Pricing Request a quotation: [email protected]
Address 9 Raffles Place, Republic Plaza #506 Singapore, Singapore 048619
Telephone [email protected]
Opening hours 9.30 am to 6.30 pm



4 top business bank accounts from Singapore

With many options available, one could remain bewildered, confused about selecting the ideal business account.

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To assist readers to arrive at prudent picks, below are detailed reviews of highly demanded bank accounts for businesses within Singapore.

  • DBS Business Digital Account

Based on one’s business structure or goals, DBS offers some distinct business bank account features.

Requiring the deposit of a mere basic starting sum of S$1,000, along with zero minimum balance, this truly demonstrates why this DBS Business Digital Account remains a highly sought after business bank account.

Opening any account with DBS comes with a fast, efficient processing time—this account might get accessed for use upon the following business day.

For tracking your transactions, just log in to DBS I-Banking or proceed to 1 of many available DBS branches or ATMs found all over Singapore.

Still, opening any business bank account at DBS bills S$18 every month—highest charges relative to many other business bank accounts available in Singapore.

To add to this, the DBS Business Digital Account alternatively bills just above S$30 to process execution or administration for overseas transfers.

Suppose one is just starting out, wandering into the start-up field, such charges might rapidly weigh heavily on the company bills.

Advice: For generating substantial savings, attempt the Aspire Business Account billing zero monthly charges, minimal deposits, or minimal balances.


  • OCBC Business Growth Account

Akin to DBS, OCBC offers a range of business bank accounts catering for companies of diverse sizes.

The OCBC Business Growth Account caters to small businesses or start-ups.

Holding zero beginning minimal deposit and balance needed, the OCBC Business Growth Account provides an easy and free registration.

Accounts may get opened instantly through the OCBC webpage via the banking app.

‍OCBC additionally bills a smaller monthly charge of S$10, that is far cheaper compared to DBS Business Digital Account.

Over the initial 2 months, the monthly fee gets waived in case you seek to register, open your business bank account at OCBC.

While OCBC charges much lower bills than DBS, take heed that OCBC additionally charges parallel rates to process, execute administration for overseas transfers.


  • UOB Current Account

To consider the starting minimal deposit, the UOB Business Current Account completely matches standards of any DBS Business Digital Account, where you have to deposit a minimal sum of S$1,000.

Contrasted with DBS, OCBC, registering, opening any business bank account from Singapore at UOB could demand some minimal daily balances of S$10,000.

Dropping beneath the minimal balance needed might lead to some under-performance charges of S$35.

Such heavy maintenance charges could fail to work out well for many junior entrepreneurs, as operating any start-up demands heavy volumes, traffic of revenue or capital.

Chalking frivolous charges over from business bank accounts could turn out as an undesired, weighty, capital draining burden.

Advice: Occasionally, dipping beneath the minimal median daily balance must occur.

Aspire Business Account allows businesses to cut costs, as Aspire charges zero monthly under-performance charges, zero deposit, or zero registration fee charges processing account opening.


  • Maybank Flexibiz Account

More competitors on the market are the Maybank Flexibiz Account.

Ranked highly by businesses which work within small, limited budget, such business bank accounts in Singapore provides a parallel minimal deposit fee of S$1,000 with DBS.

Charging zero monthly maintenance charges, the Maybank Flexibiz Account provides minor companies the extra capacity to attend fully to enterprise demands.

‍Still, Maybank additionally bills very high FX surcharge interests at 0.91%.

Supposing one’s business processes orders for overseas transactions for many daily transactions, such features could become the tipping point, the major draw.

Many find that DBS provides a relatively effortless procedure to set up business account, still DBS provides a smaller selection of offerings for business bank accounts or bills monthly charges based on the account format you select.

Considered otherwise, UOB demands a highly complex procedure to set up any fresh bank account; you cannot perform account opening online.

Also, these bill heavy transaction charges with smaller balances.

OCBC provides a broad, extended range of business accounts.

OCBC bank demands smaller starting deposits, still OCBC bills a yearly charge over business growth accounts.

This bank could remain a prudent pick for major operations.

Maybank demands smaller starting deposits, while offering an account which demands zero minimal balance, with zero surplus charges.

Maybank, or especially the Flexi-Biz Account, remains the pick that many promote for entrepreneurs who remain mere novice managers.

Wise allows your company to remit many currencies to any bank.

Many find business accounts work well supposing one is actively seeking to receive payments, alternatively remit with alternate currencies to SGD since you can remit EUR, USD, or others.

Still the ultimate discovery or finding many derive over from feedback remains that a top business account from Singapore certainly remains Aspire.

These operate 100% online, also one may open your bank account within 3 hours making Aspire the solo choice supposing you work abroad.

These provide a broad variety of online credit lines.



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