Singapore Bank
Account Package
$1,390
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Our company provides assistance with bank introduction services for opening both corporate and personal bank accounts with the Oversea-Chinese Banking Corporation, Limited (OCBC Bank) in Singapore.
OCBC Bank is the largest financial institution in Singapore, ensuring reliability and comprehensive financial services.
What does the Singapore Bank Account Package include?
The Singapore Bank Account Package includes the following services:
Belize Business Company (BC): We will incorporate a Belize BC and prepare all internal resolutions for the bank that confirm the appointment of directors, officers, and shareholders.
Full set of corporate documents: You will receive the following corporate documents the Certificate of Incorporation, Memorandum and Articles of Association, and a set of internal resolutions that confirm the appointment of the directors, officers and shareholders.
Assistance with opening a bank account in Singapore: We will guide you through the process of opening a corporate bank account with the OCBC Bank. This includes providing you with all bank application forms, preparing all corporate documents according to the banks requirements, reviewing your application form and liaising with the bank on your behalf.
What personal documents are required for applying to the bank?
To apply for a bank account, all individuals appointed a position in the company and authorized signatories are required to provide the following personal due diligence documents:
Certified copy of your passport: Pages containing your photo, signature, and personal details.
Proof of Address: utility bill, bank statement, or credit card statement. No older than three months.
Resume/CV: This document should describe your work experience and education
Invoices, Contracts, or Agreements pertaining to the company: These documents should show the bank that you have clients and business activity.
Is a personal visit to the bank required?
For Singapore, a personal visit is required. It is mandatory that one of the directors visit one of the bank's offices for identity verification.
What type of currency accounts does the bank offer?
The bank offers the flexibility to open accounts in multiple currencies. You can choose to open an account in any of the following currencies:
- Singapore Dollar (SGD)
- United States Dollar (USD)
- Euro (EUR)
- British Pound (GBP)
- Canadian Dollar (CAD)
- Japanese Yen (JPY)
- Australian Dollar (AUD)
- Hong Kong Dollar (HKD)
- New Zealand Dollar (NZD)
- Swiss Franc (CHF)
Having the option to open accounts in different currencies allows you to manage your funds in the currency that best suits your needs.
What are the initial deposit and minimum balance requirements?
The initial deposit and minimum balance requirement vary depending on the currency account you have selected. Here are the initial deposit and minimum balance requirements for the following accounts:
SGD account – SG $30,000
USD account – US $30,000
EUR account – EUR €30,000
GBP account – GBP £30,000
CAD account – CAD $30,000
AUD account – AUD $30,000
HKD account – HKD $180,000
JPY account – JPY ¥2,000,000
NZD account – NZD $30,000
If the minimum balance is not maintained monthly, there is a monthly service fee of $100 that will be charged.
Does the bank offer online banking?
Yes, the bank offers online banking services, providing convenient access to the following features:
- Account details, including balances and transaction history
- Local and international transfer capabilities
What type of Cards does the bank offer?
The bank offers both Debit and Credit Cards to its customers. However, certain restrictions apply to the usage of these cards.
How long does it take to open a bank account?
The process of opening a bank account generally takes a minimum of 4 weeks or longer, as it involves the bank verifying and assessing all the due diligence documents.