Singapore Traditional Bank Account

Singapore banks can accept the bank account opening by video conference.

Singapore is one of the few jurisdictions in the world without any foreign exchange control. According to Singapore’s Anti-Money Laundering laws, most banks require a meeting with all directors and bank signatories during the bank account opening meeting.

For clients in Dubai, Cyprus, Australia, and European countries seeking an offshore bank account opening solution alongside their Hong Kong company, Singapore offers a stable, reputable alternative jurisdiction for risk diversification.

Hong Kong businesses are allowed to open bank accounts in Singapore. Clients may consider setting up a company in Hong Kong, and maintaining a bank account in Singapore in order to be more cost-efficient, while enjoying the reliability and stability of the international bank in Singapore.

Our Banking Partners in Singapore:

1. OCBC Bank
2. United Overseas Bank Limited
3. Standard Chartered Bank
4. MayBank
5. DBS Bank

We offer the following sourcing and consulting service to ensure that our clients find the right bank suitable for their business:

Multi-Currencies Account

Singapore banks can offer accounts held in international currencies, including USD, EUR, GBP, SGD and others for businesses to participate in international trading more easily and effectively. 

We will assist our clients to choose from the array of offshore bank account opening options on the market, so they can open a bank account with a bank most suitable for their particular needs. Compare this option with our Offshore Bank Account Opening page for Swiss, Mauritius, and Belize alternatives.

Internet Banking / Mobile Banking

Internet / Mobile Banking is growing rapidly, and security is a key factor in ensuring that your internet access is constantly secure. CORE can advise you on the latest developments in the market, and provide you with information updates, for you to review the easiest and most secure banking solutions.

International Debit & Credit Cards

Many banks offer currency exchange services and multiple currencies as a feature extended on their credit and debit cards. However, do not make the mistake of signing up for these options without a thorough understanding of their fine print, our expert explanations will ensure that our clients understand the pros and cons before engaging these services.

Letter Of Credit/Trade Support

It is a necessity to provide a letter of credit when opening a bank account in Singapore. We can provide you with a letter of credit and also act as your reference so that opening an account will be an easy and stress-free process.

Funding And Investments

We have many years of experience in obtaining funding for our clients, as well as finding investment professionals that can work with you to grow your assets. Contact us today to learn more about these exclusive services.

We have established a close relationship with many reliable and user-friendly banks both locally and internationally. Different banks have different strengths, they perform best in specific niches, and are suitable for clients in respective fields. We will assist our clients to choose from the array of options on the market, so they can open bank accounts with a bank most suitable for their particular needs. Our close connection with a variety of banks ensures that you will get the best rates and services available – an invaluable asset for any new business.

Contact us today to learn more about opening a bank account in Singapore.