Subtitle: How BankOpenSingapore produces accurate, independent, and useful banking content
First published: 2024-11-12
Last updated: 2025-08-26

  1. Mission BankOpenSingapore.com exists to help readers open and manage bank accounts in Singapore with clarity and confidence. We publish practical guides, comparisons, and explainers across Personal, Business, Digital, and Private Banking. Our content is educational and does not constitute financial advice.
  2. Independence and Ethics We are independent. Editorial decisions are not influenced by advertisers, sponsors, or affiliate partners. We never sell positive coverage, ranking positions, or promises of bank approvals. Gifts over a nominal value are declined or disclosed. Team members must declare potential conflicts; assignments are reallocated if a conflict could affect objectivity.
  3. What We Cover Account types, fees, documentation (KYC, Source of Wealth, Source of Funds), processing timelines, banking operations (payments, FX, cards, statements), security/anti-scam features, and cross-border topics linked to Singapore banking. We surface common rejection reasons and realistic workarounds where appropriate.
  4. Sourcing Hierarchy • Primary sources first: bank tariff guides, product disclosure statements, regulator notices, and official FAQs. • Secondary sources: reputable news outlets, industry reports, and bank communications where primary artifacts are unavailable. • Every numerical or rule-based claim must carry a dated source artifact (“accessed on: YYYY-MM-DD”). • We avoid anonymous social media as a sole source for factual claims.
  5. Verification and “Two-Point” Rule For fees, eligibility thresholds, or material policy changes, we require at least two artifacts (for example: a tariff PDF and a written/recorded confirmation from a bank representative). Where only one artifact exists, we label the item “verify with bank” and explain why.
  6. Research and Editorial Workflow Roles: Author → Research Lead → Editor-in-Chief. • Author drafts with citations and a change log. • Research Lead validates sources, normalizes data fields, and checks for currency/date mismatches. • Editor-in-Chief reviews structure, clarity, and risk statements before publication. • Sensitive content (e.g., private banking) may receive an external expert review; any reviewer relationship is disclosed.
  7. Updates and Maintenance • Comparison hubs: reviewed at least every 90 days. • Deep-dive bank pages: reviewed at least every 180 days. • FAQs and News: continuous updates as facts change. Each page shows “Last updated” and a three-item change log summarizing the most recent edits.
  8. Corrections Policy We correct factual errors promptly and transparently. Readers can email with a page URL, the suspected error, and a source. When a correction is verified, we add a dated note to the page and update the change log. If we cannot fully verify, we may annotate the claim with “verify with bank” and invite additional evidence.
  9. Use of AI and Automation We sometimes use AI tools for brainstorming outlines, syntax cleanup, or generating alternative wording. AI outputs are never published without human review and fact-checking. Data tables, numbers, and policy descriptions must be sourced from primary artifacts regardless of any AI assistance. We do not use AI to fabricate bank quotes or user testimonials.
  10. Comparisons and Rankings Methodology Our comparisons normalize fields such as monthly fees, minimum balance, local/overseas transfer fees, FX spread or indicative costs, digital onboarding options, expected approval timelines, and common rejection reasons. When we publish editorial rankings, the score is a composite of criteria like cost, speed, documentation burden, bankability, and family coverage (for residency-linked articles). We explain the criteria and weights on a dedicated methodology page and review the default weights at least quarterly. Advertising or commercial relationships do not affect scoring or inclusion.
  11. Language, Style, and Accessibility We write in plain English. We state numbers with currency and units (for example: “S$1,000 per month”). Dates follow “DD Mon YYYY” or ISO formats. We avoid sensational claims and guarantee language. Charts or tables reflect the underlying source without visual distortion. Alt text is included for important images. Acronyms (KYC, SoW/SoF, etc.) are expanded at first use.
  12. Security and Anti-Scam Content Security explainers prioritize practical, preventive steps (for example, transaction limits, “money lock” features, device hygiene) and link to official guidance. We do not publish step-by-step exploit instructions. If a feature can meaningfully reduce fraud loss, we say so; if it is cosmetic, we explain the limits.
  13. Editorial Labels Opinion or analysis pieces are labeled “Commentary” or “Editor’s View.” Sponsored content (if any) is labeled “Sponsored” at the top, with a funding note and a link to our Advertising Disclosure. Reviews or case studies involving products supplied by a provider include a disclosure.
  14. Third-Party and Bank Feedback Banks and providers may request factual reviews of draft data tables or corrections to published pages. We welcome factual feedback that improves accuracy. We do not accept pre-approval of independent articles. Verified corrections are logged publicly.
  15. Privacy and Data Handling We collect only the data necessary to operate the site and any optional newsletter or contact forms. Please see our Privacy & Cookie Policy for details, including how ads are served and how to opt out of certain cookies.
  16. Contact Editorial: [email protected]
Sophia Tan

About the Author

Marks Toms – Editor-in-Chief
Marks oversees editorial policy, compliance, and fact-checking at bankaccountsopen. 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.