Opening a Corporate Bank Account in Singapore: Documents & Timeline

After incorporation, opening a corporate bank account is the first step to start trading. Banks apply strict KYC and anti-money-laundering checks, so good preparation is key to speed and success.

Options

• Local banks such as DBS, OCBC and UOB
• Foreign banks for cross-border businesses
• Digital banks and payment institutions for faster online onboarding

Typical documents

• Company BizFile profile and constitution
• Passports and proof of address of directors, shareholders and beneficial owners
• Business description: activities, customers, suppliers, countries and expected volumes
• Board resolution

Timeline

Digital accounts can take days; traditional banks typically 2–6 weeks or longer.

We assist with document preparation and bank introductions. WhatsApp +65 8618 5321.

Account approval is at the bank’s sole discretion.