Best business bank account in Singapore

Last updated 4 November 2026

No bank wins for every company, so this page does not rank them. It lines up what each one publishes, for one date, and leaves the choice to you. If a bank publishes nothing on a point, the table says so.

SingaporeCompanySetupGuide.com is an independent guide, and none of these banks is a partner we have verified here. We pass quote requests to providers we think suit you, and some pay us a referral fee.

How do the published figures compare?

Figures are from each provider's own page, read November 2026. "Not published" means we did not find it on the pages read.

Two rows deserve a caution. DBS's own pages disagree on the Multi-Currency deposit and fall-below fee, and our DBS page shows both. UOB's S$15 is a fall-below fee, not a flat monthly fee.

What should decide the choice?

Four things matter more than a headline fee.

1. Who owns the company. Instant online routes at DBS and OCBC are written for citizen or permanent resident owners. Foreign owners should read how to open an account without visiting Singapore.
2. How you pay and get paid. Mostly Singapore dollars and FAST or GIRO: a local bank fits. Many foreign payments: read the multi-currency guide.
3. The balance you will hold. Targets such as S$5,000 or S$10,000 are a cost if your average sits below them.
4. What you need around the account. Cards, payroll, trade finance and a human contact are not equal across providers.

Which accounts publish the least?

Standard Chartered, HSBC and Citibank published no opening deposit or monthly cost on the pages we read. That is not a mark against them. Larger banks often price by relationship. It means you must ask, and you should write down what you are told.

Are the digital accounts safe to use?

Each provider says how it holds customer money, and the terms differ. ANEXT calls itself a MAS-regulated digital wholesale bank. Read the safeguarding section of every provider and check the MAS financial institutions directory yourself. Our provider pages summarise what each one says, without a verdict.

How do you build your own shortlist?

Write down your owners' residency, your monthly transfers in and out, your main currencies and the cash you will hold. Then pick two accounts from the table that fit all four, read their terms and ask each for the fee schedule.

Need someone to check the shortlist or prepare the papers? Use the quote form on this page.

Sources

• DBS fees and charges: Business Digital and Multi-Currency figures.
• OCBC Business Growth Account: deposit, fees and routes.
• UOB eBusiness Account: deposit, balance target and fall-below fee.
• Maybank Singapore: FlexiBiz Account: deposit and monthly fee.
• CIMB Singapore: SME Account: first-year fee and S$8 after.
• Standard Chartered Singapore: SME accounts: fall-below fee.
• ANEXT: account terms.
• Aspire, Airwallex, Wise and Statrys: pricing pages.