Quick Answer: How can a foreigner open a savings account in Singapore?

How can a foreigner open a bank account in Singapore?

The bank will require the following information and documents from foreign nationals:

1. Proof of registration of the Singapore company. …
2. Proof of identification and residential address for each of the company shareholders, ultimate beneficial owners, and directors. …
3. Background of Ultimate Beneficial Owners.

Can non-residents open a bank account in Singapore?

Foreigners can only open private accounts of a privileged type with the Singapore bank. … The amount in a currency other than Singapore dollars is conventionally convertible. Having opened a private account with a bank in Singapore, a non-resident will get access to many banking and financial products.

Can foreigners open a bank account in Singapore online?

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.

Can you open a savings account as a foreigner?

A foreigner can open a bank account in the US. Most small banks only allow US citizens and permanent residents to open up bank accounts. … 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.

Can foreigner open bank account in Singapore without employment pass?

While an employment pass is generally required, you can still open a bank account without one. For example, UOB will consider applications from foreigners as long as they visit a branch to provide their documents. Digital banks are also great to consider as you do not have to provide proof of employment in Singapore.

How long does it take to open a corporate bank account in Singapore?

Opening a corporate bank account in Singapore may take up to 4 weeks. The process of opening an account will be done as soon as your application form, and required documents are received.

How much do I need to open a bank account in Singapore?

Compare a range of banks accounts in Singapore

How much deposit do I need to open a UOB account?

Requirement and fees

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.

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 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 I open bank account with passport?

Identification Requirements

You must present a valid form of photo identification when you open a checking account. When you seek to open a new account, the bank is required by law to obtain a valid form of photo ID. … The passport must be valid and not expired in order to use it to open a checking account.