A complete guide for entrepreneurs and business owners to open a business bank account in Singapore, including documentation and eligibility.

Opening a business bank account in Singapore is essential for any startup or registered company. The process usually involves providing your ACRA business profile, company resolution, identification documents for directors and signatories, and proof of business address. Leading banks like DBS, OCBC, and UOB offer digital onboarding, making it easier for SMEs to register accounts remotely. Some banks may require a minimum initial deposit (typically SGD 1,000), while others offer packages that include business debit cards and online banking access.


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Sophia Tan

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Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source. Read more articles

Disclaimer:The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions. The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.