How can a non resident open a bank account in Singapore?

Can I open a bank account in Singapore as a foreigner?

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 foreigners open a bank account in Singapore online?

However, to open your account you must visit a branch in person – there’s no online account option for foreign customers.

Can I open a bank account in Singapore without living there?

This means that it should be relatively straightforward to open a bank account in Singapore as a non-resident. The easiest way is using your employment or study pass. As long as you have one of these and a valid form of ID, you should find it easy to apply for a bank account in Singapore.

Where can I open a bank account without being a resident?

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.

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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

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.

Can I open a bank account in Singapore online?

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. Your application will be processed within 3 working days.

Can I keep my bank account with DBS even though I am no longer a resident of Singapore?

Can I keep my bank account with DBS even though I am no longer a resident of Singapore? Yes, you can keep your bank account if you leave Singapore and no longer are a resident of Singapore.

Can I open a bank account with a foreign passport?

You can open a bank account if you’re an undocumented immigrant at some banks, like Bank of America. However, you will likely need to apply in person and need several forms of identification, like proof of address, Taxpayer Identification Number (TIN), birth certificate, unexpired passport and more.

Can a Dependant pass holder open a bank account in Singapore?

To open a bank account, you’ll either need to 1) Show proof of your residence in Singapore or 2) Justify your need for a local bank account. Recognised proof of residence in Singapore includes a valid employment pass, dependant pass, or student visa.

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Can I open a bank account in person?

Whether you apply for a bank account online or in person, you’ll need a government-issued ID and personal details, such as your Social Security number, on hand. You might also be asked to fund your account with an initial deposit.

What is a non-resident bank account?

Non-resident means a person whose normal place of residence or domicile is outside of the CMA (Common Monetary Area). The Common Monetary Area consisits of Lesotho, Namibia, South Africa and Swaziland. If you have a valid work, study, retirement or spousal permit, you may qualify for a Temporary Resident Account.

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