How To Open A Bank Account In Singapore For Foreigners? (TOP 5 Tips)

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:

  1. Proof of Identity (Passport or ID card)
  2. Proof of Address (Utility bills, etc.)
  3. Employment Visa, S Pass, or Student Visa.

Can foreigners open a bank account in Singapore online?

If you’re a foreigner living in Singapore with an Employment Pass, S Pass or Dependant Pass, you’ll be able to choose from a range of UOB accounts. However, to open your account you must visit a branch in person – there’s no online account option for foreign customers.

Which bank is best for foreigners in Singapore?

UOB is considered an expat-friendly bank in Singapore, offering up to 10% cashback and competitive rates for your overseas expenditure. HSBC is also a preferred option by many ex-pats because of its Multi-Currency Savings Account, providing access to 11 currencies and great global great facility.

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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Which bank can open account for foreigner?

However, larger banks such as US Bank, TD Bank, Bank of America, Chase, and Wells Fargo will allow non-residents to set up a checking account and a savings account. Instead of your SSN, they’ll ask for an Individual Taxpayer Identification Number (ITIN) and other 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.)

How do I open a HSBC bank account in Singapore?

To open a new EGA account, simply log on to Online Banking. Go to “Account services” under the navigation bar at the top of the page. Select “Open new Everyday Global Account”. If the application is submitted before cut-off, it’ll take the bank approximately 2 days to process your application.

Can a foreigner open a DBS account in Singapore?

Online account application is only available for Singaporeans, Permanent Residents and Foreigners with valid Singapore work pass (e.g. employment / S pass) or student pass. For Branch Account Application, each applicant will need to bring along the original copy of the required documents.

Which bank is safest in Singapore?

The Global Safest Banks listing was released in the last quarter of 2017, with Singapore banks dominating the rankings. DBS came in 1st in the region, followed by OCBC and UOB who came in 4th and 5th respectively.

Which bank has most ATM in Singapore?

Local banks such as DBS-POSB has the most ATM locations (over 677 ATMs). Due to its local popularity, DBS-POSB ATMs generally feature long queues. UOB (United Overseas Bank) and OCBC (Oversea-Chinese Banking Corporation) have shared networks of over 800 ATMs.

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Can foreigners open POSB?

Online account application is only available for Singaporeans, Permanent Residents and Foreigners with valid Singapore work pass (e.g. employment / S pass) or student pass. For Branch Account Application, each applicant will need to bring along the original copy of the required documents.

How do I open an international bank account?

Opening an account

  1. Proof of Identity. Bring your passport and driver’s license or state ID.
  2. Proof of Residency.
  3. Startup Funds.
  4. A student or work visa if you need one for the country.
  5. A university letter or proof of school enrollment.
  6. A letter of employment or employment contract.

How can a foreigner open a bank account?

You’ll Need an ID. Foreign or not, applicants for a bank account must at least verify their name, date of birth, and physical address, say, from a utility bill. But if you’re foreign-born, you may need to offer more. These customers also need to show photo identification that includes a numeric identity.

How can I open a bank account in another country?

Most countries require an initial deposit, your passport and proof of residence to open a bank account. Some countries could also require a certified copy of your birth certificate or a second form of identification. In some cases, you will also have to provide a statement about your reason for opening the account.

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