Corporate Bank Account Opening

Our company provides a one-stop corporate bank account opening service. We collaborate with multiple banks to assist businesses in completing the account opening process quickly and efficiently. We maintain close communication with the banks to ensure a smooth review process. Additionally, we offer personalized account selection and feature settings to meet the needs of different enterprises. Whether it’s a small or large business, we are committed to providing professional and convenient corporate bank account opening services to our clients.

GLDB Bank

To open a GLDB Bank account for a company in Singapore, the following documents are required::

  1. A complete set of scanned documents of the company’s establishment: Business license, notice of establishment, registration paper, director (nominee director) declaration, corporate secretary’s authorization document, registered address notice, the first shareholder meeting (board meeting) resolution, share certificate, company constitution, background check, nominee director agreement, list of persons in control with their real names, and a background check member list.

  2. Identification cards and passports of directors and shareholders: Copies of passports for all directors, authorized signatories, internet banking authorizers, and major individual shareholders (any shareholder holding more than 25% of the shares).

  3. Address proof: Must be within the validity period (within 3 months), and any of the following documents are acceptable: ID card, bank account statement, credit card statement, driver’s license, and utility bills.

Account Process:

  1. Fill out the account opening form
  2. Submit the account opening application online
  3. Provide additional account opening documents
  4. Wait for the notification of the approval process (approximately one month)

OCBC Bank

Account Opening Information:

  1. Passport + ID card for all directors
  2. Personal resumes of the actual controllers
  3. Full set of documents for the Singapore company
  4. Lease agreement for the actual operating address of the Singapore company (if available)
  5. If there are affiliated companies, please provide business licenses, websites, and bank statements for the past 6 months
  6. Any invoices, contracts, and bills of lading/customs declarations for the Singapore company (as proof of business operations, if not available, those of affiliated companies will suffice)

Account Opening Process:

  1. . After preparing the documents, submit them to the bank
  2. The relationship manager will schedule a video meeting with the client for form filling and identity verification
  3. After the identity verification is approved, additional documents will be processed and sent to the Singapore branch by express delivery
  4. Wait for the final review and account opening

Bank Fees are as follows:

  1. Minimum Initial Deposit: 1,000 SGD
  2. Account Service Fee: If the average monthly balance is less than 1,000 SGD (starting from November 1, 2022), there will be a monthly fee of 15 SGD.
  3. Incoming Funds: 10 SGD per transaction, exempt for the first two months

Account Opening Time: 8-9 weeks

HSBC Bank

Required Documents for Preliminary Review:

Registration papers, articles of association, account opening application form, passports + ID cards of directors and shareholders, and personal resumes of the actual controllers.

Account Opening Process:

  1. After preparing the documents, submit them to the bank, and the Corp sec will provide the completed questionnaire and supporting documents.
    The relationship manager will directly call the client to further understand their business.
  2. After a successful phone conversation, the relationship manager will send the application form to the client and the company secretary for completion.
  3. The client will return the completed form to us via email for review before signing.
  4. The case manager (account opening colleague) will check the form and arrange for the client to sign.
    All forms will be sent to our office in Singapore for processing.

Account Opening Time: 8-9 weeks

Aspire Digital Bank

Required Documents:

  1. . Identification (ID card + passport) of all directors and shareholders
  2. Company’s latest articles of association and registration papers
  3. Aspire account opening KYC
  4. Director’s authorization letter
  5. Photos of the directors

Account Opening Process:

  1. Fill out the account opening form
  2. Sign the authorized account opening documents
  3. Submit the account opening application online
  4. Provide additional account opening documents
  5. Wait for the notification of the approval process (around one week)
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