SMEs and corporates often overlook hidden costs in business accounts. This article compares the most common charges across banks.



Key costs include:

  • Account maintenance fees
  • Transaction charges (domestic and international transfers)
  • Cash deposit fees
  • Merchant service charges

SMEs should carefully review these costs before committing, as they directly impact profitability.

business bank account Singapore comparison, SME account fees, corporate banking costs

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Sophia Tan

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. 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.