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Available currencies include US Dollar, Australian Dollar, Canadian Dollar, Euro, Japanese Yen, New Zealand Dollar, Sterling Pound, Swiss Franc, Hong Kong Dollar and Chinese Renminbi (offshore).
With effect from 2 May 2024, the interest charge on Japanese Yen (JPY) accounts will be removed.
Currency | Initial Deposit | Minimum Average Daily Balance | Monthly Fall-Below Fee | Monthly Service Fee | Account Closure Fee |
USD | USD 1,000 | USD 8,000 | USD 28 | - | S$50 or equivalent (for closure within 6 months of account opening) |
GBP | GBP 650 | GBP 5,000 | GBP 18 | - | S$50 or equivalent (for closure within 6 months of account opening) |
EUR | EUR 900 | - | - | EUR20 | S$50 or equivalent (for closure within 6 months of account opening) |
AUD | AUD 1,700 | AUD 9,000 | AUD 32 | - | S$50 or equivalent (for closure within 6 months of account opening) |
CAD | CAD 1,700 | CAD 8,000 | CAD 28 | - | S$50 or equivalent (for closure within 6 months of account opening) |
NZD | NZD 2,000 | NZD 9,000 | NZD 32 | - | S$50 or equivalent (for closure within 6 months of account opening) |
HKD | HKD 7,800 | HKD 60,000 | HKD 200 | - | S$50 or equivalent (for closure within 6 months of account opening) |
CNH | CNH 50,000 | CNH 50,000 | CNH 150 | - | S$50 or equivalent (for closure within 6 months of account opening) |
JPY | JPY 150,000 | - | - | JPY 2,600 | S$50 or equivalent (for closure within 6 months of account opening) |
CHF | CHF 1,500 | - | - | CHF 20 | S$50 or equivalent (for closure within 6 months of account opening) |
Currency |
USD |
GBP |
EUR |
AUD |
CAD |
NZD |
HKD |
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Checklist of documents required for Sole Proprietor
*Mandatory document of U.S. or Non U.S. persons under Requirements and Fees
Checklist of documents required for Partnership
*Mandatory document for declaration of U.S. or Non U.S. persons.
Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types
Checklist of documents required for Limited Liability Partnership (LLP)
*Mandatory document for declaration of U.S. or Non U.S. persons.
Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types
Checklist of documents required for Private Limited Company
*Mandatory document for declaration of U.S. or Non U.S. persons.
Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types
Checklist of documents required for Society / Club / Association / Clan
*Mandatory document for declaration of U.S. or Non U.S. persons.
Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types
Important Notice:
With effect from 2 November 2020, the interest rates for Australian Dollar (“AUD”), British Pound (“GBP”), Canadian Dollar (“CAD”), New Zealand Dollar (“NZD”) and Chinese Renminbi (“CNH”) will be revised. Click here for more information.
With effect from 1 October 2021, the account fees for Chinese Renminbi will be revised. Click here for more information.
With effect from 1 October 2021, the account early closure fees for Global Currency Account will be revised. Click here for more information.
To apply for a business account you will require:
3Note:
Terms & Conditions Governing Accounts & Services (Non-Individual Customers)
Additional Terms & Conditions Governing Accounts & Services (Non-Individual Customers)
We have updated clause 11 of the Terms & Conditions Governing Accounts & Services (Non-Individual Customers).
Your bank account should be for your own use and you are responsible for all transactions made through your bank account.
Please click here for the full Advisory from the Singapore Police Force – Warning.
Save more with US$38 outward telegraphic transfer fees and low trade financing fees.
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