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Bank Account Referral
Opening Bank Account
With our network of business partners and a long-term relationship with the banks, we can provide a “one-stop” service for opening a bank account. Documents will be thoroughly prepared and our team will ensure that the entire process of setting up a bank account is completed. Our service is simple, efficient and effective.
Opening Bank Account
- Sign the bank account application forms
- Submit all documentations to the bank for approval (Depends on the bank requirement)
- Identity proof (e.g. passport / entry pass / identity card)
- Address proof (e.g. electricity bill / water bill etc.)
- Business proof (e.g. business card / quotation / invoice / contract / website etc.)
- Corresponding address and telephone number
- Company structure and member information of offshore company
- Issuance of bank account by the bank within a limited time
- Delivery of the bank account accessories by the bank (e.g. cheque book, password etc.)
- The whole procedure shall be completed upon the activation of the password
- Execute the whole bank account opening procedure
- Submit all relevant required documentations to the bank
- Follow-up throughout the whole process until the issuance of bank account number
- Follow-up throughout the whole process of collecting all the bank account accessories until the bank account opening procedure is completed
- Assistance in the maintenance of the bank account (for clients that have engaged in this service), including:
- Amendment of account details:
- Authorized signer
- Company name
- Corresponding address
- Application / Replacement of bank account accessories:
- Cheque book
- ATM card
- ATM card pin
- Internet banking security device
- Internet banking pin
- Closing of bank account
- Amendment of account details:
Information for Business Bank Accounts
Business Bank Accounts (SG)
| Eligibility on Jurisdiction | ||||||||
|---|---|---|---|---|---|---|---|---|
| Singapore | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Hong Kong | Yes | Yes | Yes | |||||
| British Virgin Island | Yes | Yes | Yes | |||||
| Seychelles | Yes | Yes | Yes | |||||
| Samoa | Yes | Yes | Yes | |||||
| Cayman Island | Yes | Yes | Yes | |||||
| United Kingdom | Yes | Yes | Yes | |||||
| U.S. Delaware | Yes | Yes | Yes |
Bank Account Referral Service
Refer to SBC Pricing Guideline
| Account Type | DBS Premium 50 Multi-currency Account | SGD A/c. | FCY A/c | Quad SGD | Quad USD | SGD A/c. | FCY A/c. | SGD A/c | USD A/c. | SGD A/c. | FCY A/c. | SGD A/c | FCY A/c | Current Account | |
| Bank Pricing Guideline (SGD) | Admin & Compliance Fee | Individual Shareholder $500 Corporate Shareholder Up to $5,000* | $1,000 | $1,500 | - | - | - | - | $7,500 | $5,000 | - | - | - | - | - |
| Minimum Initial Deposit | $50,000 | $10,000 | $10,000 | $5,000 | $4,500 | $100,000 | $150,000 | $100,000 | $100.000 | $30,000 | $1,000 | $50,000 | $50,000 | $4,000 | |
| Account Fall Below Fee | $80 | $35 | $28 | $25 | $30 | $100 | $150 | $100 | $100 | $35 | $5 | $20 | $15 | $30 | |
| TT – Outwards (Excl. Comm.) | $20 | $50 | $100 | $20 | $30 | $70 | $70 | $40 | $40 | $20 | $30 | $30 | $30 | $60 | |
| TT – Inwards | $5 | $10 | $10 | - | - | $50 | $75 | - | - | $10 | $15 | - | - | $20 | |
| Bank additional requirements | Requirement for Bank’s Board Resolution: - The board must collect over 60% of the company officer for signature, otherwise separate charges for Company Secretary may applies. - For those who are unable to attend, please bring the original certified Identification proof & address proof. UOB Bank: - Required to bring a Singapore cheque or Bank Draft for the bank account opening deposit. - Offshore Co. Bank Account, required to submit the original Certificate of Incumbency |
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Note:
- All applications are subject to respective banks appetite & final approval. We, “SBC International”, have no responsibility to decide on the bank application.
- Opening Bank Account Referral Services is an individual service, if the application has been rejected, all other services that are related to the company will not be refunded or returned.
- The bank charges are prevail to the bank pricing guideline and will be deducted from the bank account upon a successful application.
- All related bank utilities and security tools will be delivered to given correspondent address after the approval of the bank application (Time may varies based on the mailing address).
- Bank application may take up to 15 working days & it is possible that the bank may require further information related to the company business plan / proof. These will result in longer assessment duration.
*SGD500 would be charged to each level of corporate structure and the maximum fee up to SGD$5,000
Why SBC?
Unique Service Quality
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Years of experience
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Locations worldwide
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Satisfied customers & trusted companies served
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Professional team worldwide
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Self-owned office space
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On-board entities per year
