Quick Answer: Can a foreigner open a Singapore bank account?

Can foreigner open bank account in Singapore online?

Online account application is only available for Singaporeans, Permanent Residents and Foreigners with valid Singapore work pass (e.g. employment / S pass) or student pass.

Can a foreign student open a bank account in Singapore?

Can a foreigner open a bank account in Singapore without an employment pass? There’s no legal reason why you can’t open a bank account in Singapore as a visitor, student or holding a Dependent pass.

Can foreigners open bank account in Singapore OCBC?

OCBC asks that foreigners bring either a EP/S-Pass employment pass/work permit or student pass and passport to one of their local branches to initiate opening an account. … You are required to visit any of their Singapore branches personally with your Passport for the account opening.

How much deposit do I need to open a UOB account?

Requirement and fees

Eligibility 15 years and above
Initial Deposit S$500 for S’poreans & SPRs S$1,000 for foreigners
Min. Avg. Daily Bal S$500
Min. Bal Fee S$2
Monthly Svc. Charge N.A.
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Can foreigner open Maybank account in Singapore?

INITIAL DEPOSIT:

S$500 (Singapore Citizens or Singapore Permanent Residents) S$500 (Malaysia Citizens with Work Permit) S$1,000 (Foreigners)

What is best bank in Singapore for foreigners and expats?

3. The top 6 banks in Singapore for foreigners

  • DBS (Development Bank of Singapore) and POSB.
  • United Overseas Bank (UOB)
  • Overseas Chinese Banking Corporation (OCBC)
  • Citibank.
  • The Hong Kong and Shanghai Banking Corporation Limited (HSBC)
  • Standard Chartered.

How much do I need to open a bank account in Singapore?

Compare a range of banks accounts in Singapore

Name Monthly fee Minimum Initial Deposit
OCBC Basic current account S$0 S$1,000
UOB i-ACCOUNT S$2 S$3,000
Citibank Tap and Save Account S$0 S$15,000
SC SuperSalary S$0 S$0

Can a non Singaporean open a bank account in Singapore?

If you are a foreigner or not a resident of Singapore, then you can still open a bank account without any trouble. … To open a bank account as a foreigner in Singapore you’ll need: Proof of Identity (Passport or ID card) Proof of Address (Utility bills, etc.)

How long does it take to open a bank account in Singapore?

For applications made between Mondays to Saturdays, 0700 hr to 1900 hr, your account will be opened instantly. Beyond this period, account opening will take 2 working days (including Public Holidays).

Can I open a bank account with no money?

The short answer is yes. You don’t need a deposit to open a bank account, if you choose a bank that doesn’t require one. A handful of online-only banks and banks with online banking do not require a deposit.

What is the minimum age to open bank account in Singapore?

What is the minimum age to open a bank account in Singapore. One can open a time deposit or current account in Singapore at the age of 18 years old. However , you may also open a savings account at the age of 15 years. Parents or kids guardians are also allowed to open accounts on behalf of those aged below 18.

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