We compare the best bank accounts for small and medium enterprises (SMEs) in Singapore based on fees, features, and accessibility.
DBS Business Multi-Currency Account: Best for cross-border trade.
OCBC Business Growth Account: No fall-below fee, easy online banking.
UOB eBusiness: Offers free GIRO setup and accounting software sync.
Digital options:
- Aspire: No minimum balance, integrates with Xero and Stripe
- Wise Business: Best for international payments SMEs should consider:
- Monthly fees
- Transaction limits
- FX conversion costs
- Online banking capabilities
About the Author
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.
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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.