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Each bank has different requirements for opening an account.
The minimum balance and account charges may differ from bank to bank.
Apart from filling an account application form, you have to present your passport and Employment Pass for identification.
Each bank has different requirements for opening an account. The minimum balance and account charges may differ from bank to bank.
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Before opening an account, it is advisable to check for the bank’s specific services and associated fees. Services usually include:
- Savings accounts
- Fixed deposits
- Mutual funds or trusts
- NETS (cash withdrawal) cards that allow for electronic payment for goods and services
- Credit card facilities
- Crediting foreign checks
Leading consumer banks in Singapore include ABN AMRO, Citibank, DBS, HSBC, OCBC, Standard Chartered and UOB.
An online currency converter service is available at Asia One.
