Your question: Can I open a bank account online in Singapore?

Online account application is only available for Foreigners who are holding valid Singapore work pass (e.g. employment / S pass) or student pass. Simply complete the online application and upload the required documents. … Start using your new account by simply activating your debit card.

Can I open a bank account online without going to the bank in Singapore?

There’s no legal reason why you can’t open a bank account in Singapore as a visitor, student or holding a Dependent pass. … UOB state that they consider applications from foreigners who are not working or studying in Singapore, as long as you can attend a branch in person to provide documents.

Can a non Singaporean open a bank account in Singapore?

If you are a foreigner or not a resident of Singapore, then you can still open a bank account without any trouble. … To open a bank account as a foreigner in Singapore you’ll need: Proof of Identity (Passport or ID card) Proof of Address (Utility bills, etc.)

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Can you open a bank account online only?

Opening a bank account online is quick and easy. … And if you’re opening an account at an online bank, it may be your only option. The top online banks are FDIC-insured and offer higher rates than typical brick-and-mortar banks, and they often charge low or no fees.

Can foreigners open bank accounts in Singapore?

Whether you are living overseas or a non-resident in Singapore, you can still open a personal bank account in Singapore without having to visit Singapore. However, the foreign or non-resident business owners need to visit the banks to open corporate bank account in Singapore.

Can you open a bank account online with no deposit?

Yes, you can open a bank account with no deposit.

Many banks require you to make a deposit to establish an account. But some financial institutions let you delay this step. You’ll want to find a good free online checking account or a credit union with no opening deposit required.

How long does it take to open a bank account in Singapore?

For applications made between Mondays to Saturdays, 0700 hr to 1900 hr, your account will be opened instantly. Beyond this period, account opening will take 2 working days (including Public Holidays).

How much do I need to open a bank account in Singapore?

Compare a range of banks accounts in Singapore

Name Monthly fee Minimum Initial Deposit
OCBC Basic current account S$0 S$1,000
UOB i-ACCOUNT S$2 S$3,000
Citibank Tap and Save Account S$0 S$15,000
SC SuperSalary S$0 S$0

What do I need to open an account in Singapore?

What documents are required for account opening?

  1. Identification Document. Provide front and back of NRIC.
  2. Proof of Residential Address* Provide the latest copy (within last 3 months) of any of the items below: Local utility bill. Local telecommunication bill. Local bank statement/credit card statement.
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How much deposit do I need to open a UOB account?

Requirement and fees

Eligibility 15 years and above
Initial Deposit S$500 for S’poreans & SPRs S$1,000 for foreigners
Min. Avg. Daily Bal S$500
Min. Bal Fee S$2
Monthly Svc. Charge N.A.

What is the easiest bank account to open online?

1. Choose a Bank or Credit Union with $0 Deposit Req’s

  • Barclays Online Savings.
  • Chime.
  • Discover Online Banking Cashback Debit.
  • Credit Unions.
  • Wells Fargo Opportunity Checking®
  • BBVA Compass Easy Checking.
  • Radius Bank Essential Checking.

Which bank allows online account opening?

Compare Savings Account Rates and Types of All Banks

Bank Name Interest Rate
Yes Bank Savings Account Opening Online 4.00% – 5.50%
DBS Bank Savings Account Opening Online 3.00% – 4.00%
SBI Savings Account Opening Online 2.70% – 2.70%
HDFC Bank Savings Account Opening Online 3.00% – 3.50%

What ID is needed to open a bank account?

A valid passport / EU national ID card or UK driving licence is ideal. In most cases this will be all we need. Valid Passport/EU national ID Card means in date, undamaged and machine readable.

Can I keep my bank account if I leave Singapore?

yes you can keep you bank account after leaving Singapore, the bank wont cancel it. However, you might need an address to which any correspondence can be sent, and online banking services here are not as developed as in other countries.

Can foreigner open OCBC bank account in Singapore?

OCBC asks that foreigners bring either a EP/S-Pass employment pass/work permit or student pass and passport to one of their local branches to initiate opening an account. … You are required to visit any of their Singapore branches personally with your Passport for the account opening.

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Can I open bank account with passport?

Identification Requirements

You must present a valid form of photo identification when you open a checking account. When you seek to open a new account, the bank is required by law to obtain a valid form of photo ID. … The passport must be valid and not expired in order to use it to open a checking account.

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