What are popular banks for a non-resident to open the account in Singapore?

After the clients (the non-residents or foreigners) submit online applications to the banks, the representative from the banks will contact the applicants to submit additional documents required to open a Singapore bank account for foreigners.

Some well-known banks among businesses to open accounts in Singapore for the non-residents business owners and investors:

DBS Bank: It has various accounts, including Business Edge Accounts and Business Edge Preferred.

• For the Business Edge Account: It is suitable for the account holder to have multiple transactions and need to stay in touch with the bank regularly.
• For the Business Edge Preferred: Highly recommended for businesses as the banking products and services fit with the businesses’ banking demands.

DBS offers the applicants the option of multi-currency accounts when they apply to open bank accounts with DBS. Most of the services are available to foreign customers. That makes the non-residents account holders can easily manage and transfer their money anywhere.

OCBC Bank: Another bank for foreign business owners to consider to open bank accounts in Singapore is OCBC Bank. However, the application process required a resident of Singapore to fulfill all required conditions.

UOB Bank: Foreign businesses can also apply with UOB Bank to open the corporate bank account in Singapore. However, for the non-residents, they can apply for an account with UOB by attending a meeting in person at a UOB branch.

Read more: 

• Open bank account in Singapore
• How to set up a company in Singapore?