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Secure and efficient corporate bank account opening support

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  2. Bank Account Opening Support/
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    Singapore

Bank Account Opening Support Service in Singapore

Koobiz helps businesses seamlessly connect with leading banks in Singapore.
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SG
Singapore

Corporate Banking Connection Solutions in Singapore

With a team of experienced specialists, Koobiz helps businesses open international bank accounts efficiently and in full compliance with Singapore regulations, while advising on the most suitable banks to maximize approval success rates.

Key Benefits of Owning an International Bank Account

Owning an international bank account unlocks many strategic benefits for businesses, including:
Convenient Multi-Currency Transactions

Convenient Multi-Currency Transactions

Send and receive payments in multiple currencies (USD, SGD, etc.) efficiently, minimizing exchange rate risks and conversion costs.
Enhanced Corporate Credibility & Brand Reputation

Enhanced Corporate Credibility & Brand Reputation

Accounts with leading banks such as DBS, OCBC, and UOB help strengthen trust with global partners and suppliers.
Access to Capital & Advanced Financial Instruments

Access to Capital & Advanced Financial Instruments

Unlock opportunities for business financing, trade credit, and premium wealth management solutions with preferential rates in Singapore's financial hub.
Optimized Security & Privacy Protection

Optimized Security & Privacy Protection

Corporate accounts and financial information are safeguarded to the highest standards, ensuring secure and confidential transactions in international operations.

Process for Corporate Bank Account Opening

Koobiz support you from pre-assessment to account activation, maximizing appproval success.
01

Initial Assessment

We assess your business model, nationality, and cash flow before submission.
Initial Assessment
02

Bank Selection & Documentation

We recommend suitable banks and prepare compliant documentation for each bank.
Bank Selection & Documentation
03

Bank Interview Coordination

We arrange interviews, guide responses, and support you throughout the review.
Bank Interview Coordination
04

Account Activation & Handover

We track approval, assist with activation, and guide online banking usage.
Account Activation & Handover
Bank Selection & Documentation
02

Bank Selection & Documentation

We recommend suitable banks and prepare compliant documentation for each bank.
Account Activation & Handover
04

Account Activation & Handover

We track approval, assist with activation, and guide online banking usage.
01

Initial Assessment

We assess your business model, nationality, and cash flow before submission.
Initial Assessment
03

Bank Interview Coordination

We arrange interviews, guide responses, and support you throughout the review.
Bank Interview Coordination

Banks List

Koobiz helps businesses connect with both traditional banks and digital banks in Singapore, enabling them to choose the most suitable solution for their operating model.
  • Digital Banks
  • Traditional Banks
Airwallex
Airwallex
A digital financial platform for modern businesses, combining cash flow management, expense control, and fast international payments.
Initial Deposit
Not required
Processing Time
1-5 business days
S&M Business Banking Website
Airwallex - Business Account
Account Options & Pricing
Airwallex - Pricing
Remote Process
Yes
Remarks
Strong capabilities in global collections and competitive foreign exchange (FX) rates; seamless integration with platforms such as Shopify, eBay, and Amazon.
IN Financial Technologies Pte Ltd (INFT)
IN Financial Technologies Pte Ltd (INFT)
A specialized digital financial ecosystem for SMEs in Singapore, offering expense management solutions, corporate cards, and flexible business financing.
Initial Deposit
Not required
Processing Time
1-2 weeks
S&M Business Banking Website
IN Financial Technologies - Business Account
Account Options & Pricing
IN Financial Technologies - Pricing
Remote Process
Yes
Remarks
Strong support for SME financing and cash flow management; a simple, user-friendly expense management interface.
Wallex
Wallex
A professional foreign exchange and international payment solution that optimizes cross-border transaction costs with FX rates more competitive than traditional banks.
Initial Deposit
Not required
Processing Time
3-5 business days
S&M Business Banking Website
Wallex - Business Account
Account Options & Pricing
Wallex - Pricing
Remote Process
Yes
Remarks
Exceptional capability in high-volume multi-currency payments; supports fast payments to over 160 countries worldwide.
Wise
Wise
A global payment platform that enables businesses to hold local accounts in multiple countries and transact using the most transparent real mid-market exchange rates.
Initial Deposit
Not required
Processing Time
1-3 business days
S&M Business Banking Website
Wise - Business Account
Account Options & Pricing
Wise - Pricing
Remote Process
Yes
Remarks
Local account details in multiple countries (US, UK, EU, Australia, etc.); industry-leading transparency in fees and FX rates.
DBS Bank Limited
DBS Bank Limited
The largest bank in Singapore, renowned for its best-in-class financial management systems and comprehensive, highly reputable corporate banking solutions across the region.
Initial Deposit
S$1,000–3,000
Processing Time
1-3 weeks
S&M Business Banking Website
DBS - Business Account
Account Options & Pricing
DBS - Pricing
Remote Process
Yes (If eligible)
Remarks
Top-tier reputation; a powerful and robust Internet Banking platform (IDEAL); ideal for businesses seeking long-term stability and credibility.
Oversea-Chinese Banking Corporation Limited
Oversea-Chinese Banking Corporation Limited
A leading and highly reputable regional bank, well known for its strong SME-focused solutions and award-winning digital banking platforms.
Initial Deposit
S$1,000–3,000
Processing Time
3-5 weeks
S&M Business Banking Website
OCBC - Business Account
Account Options & Pricing
OCBC - Pricing
Remote Process
Yes (If eligible)
Remarks
Flexible account opening requirements; professional customer service; strong support for import–export and international trade businesses.
United Overseas Bank Limited
United Overseas Bank Limited
A leading regional bank with an extensive Southeast Asia network, offering specialized financial solutions and strong support for businesses expanding internationally.
Initial Deposit
S$1,000–3,000
Processing Time
2-4 weeks
S&M Business Banking Website
UOB - Business Account
Account Options & Pricing
UOB - Pricing
Remote Process
Yes (If eligible)
Remarks
Strong expertise in trade credit and import–export financing; highly modern and intuitive UOB Infinity digital banking platform.
Caye International Bank Limited
Caye International Bank Limited
A reputable international bank in Central America, specializing in cross-border financial services with a strong focus on security and robust support for foreign investors.
Initial Deposit
From USD 1,000
Processing Time
1-2 weeks
S&M Business Banking Website
Caye International Bank - Business Account
Account Options & Pricing
Caye International Bank - Pricing
Remote Process
Yes
Remarks
Exceptional client confidentiality; flexible account opening procedures for a wide range of nationalities and higher-risk industries.

Required Documents

Singapore banks conduct strict assessments to evaluate legality, business operations, and risk before approving an account.
requirements_image_1requirements_image_2requirements_image_3
Company Documents

Company Documents

  • Business Profile (ACRA) and Company Constitution.
Personal Documents

Personal Documents

  • Director/Shareholder passport and proof of residential address (utility bills or bank statements).
Business Activity Proof

Business Activity Proof

  • Company website, sample contracts, or invoices with partners/clients.
Identification & Verification

Identification & Verification

  • eKYC photo submission (for digital banks) or in-person/online interview (for traditional banks).
Note:
  • The bank reserves the right to request additional documents or reject applications if the business operates in restricted or high-risk sectors.
  • Koobiz does not guarantee a 100% success rate, as the final decision rests with the bank.

What our clients say about Koobiz

Opening a corporate bank account in Singapore without local support is truly a nightmare. Koobiz not only handled all the documentation but also assigned a specialist to accompany me to the bank for the signing process, providing interpretation support and clearly explaining complex financial terminology. The entire experience felt extremely reassuring and highly professional.
Ms. Sarah Lim
Ms. Sarah Lim
CEO, Import & Export
My company operates in the e-commerce sector with revenue streams coming from multiple countries, which made banks quite cautious about opening an account. Koobiz advised a very strategic approach and connected us with the right bank branch that has more flexible policies for digital businesses. As a result, our cash flow is now running smoothly and efficiently.
Mr. James Watson
Mr. James Watson
CEO, E-commerce
The meticulous review of my Business Profile by Koobiz's specialists was the key to my application's success. Their team helped highlight my industry track record and operational experience, giving the bank strong confidence in the company's ability to operate sustainably and maintain adequate account balances.
Ms. Salim
Ms. Salim
Founder, Logistics
If you want to save time and avoid application rejections that could negatively impact your company's track record, entrusting the process to Koobiz from the very beginning is the right decision. Their expertise and dedication gave my company a smooth and well-structured financial start in the Singapore market.
Mr. Alisher
Mr. Alisher
Managing Director, Software Technology
I was extremely impressed with Koobiz's remote support. Even though I was not physically present in Singapore during the initial stage, the team professionally coordinated online meetings with the bank and guided me through the remote document signing process, ensuring everything proceeded smoothly without disruption.
Mr. Iskandar
Mr. Iskandar
Founder, Travel & Hospitality
I previously submitted a corporate bank account application to a major bank in Singapore on my own and was outright rejected due to the "new industry" classification. After engaging Koobiz, the team spent two dedicated sessions restructuring my business profile and company website. As a result, the interview with OCBC went extremely smoothly, and the account was successfully activated within just 10 days.
Ms. Lan Phuong
Ms. Lan Phuong
CEO, Garment & Apparel Industry
After successfully opening our corporate bank account with Koobiz's support, our company's credibility with European partners improved significantly. Cross-border transfers in USD and SGD are now processed almost instantly, with remarkably low fees. This has truly been one of the most worthwhile investments for our business this year.
Mr. Nursultan
Mr. Nursultan
Business Development Director, Marketing & Advertising
Koobiz's process is streamlined and highly modern. From initial information intake to the completion of the bank application dossier, the entire process took only three days. This speed and precision enabled us to secure and sign a critical contract with an international client immediately after our company was incorporated.
Mr. Chingiz
Mr. Chingiz
Founder, Digital Marketing & Media
Few firms provide such thorough advisory support as Koobiz. Even after assisting with the bank account opening, their team guided me on proper transaction practices to avoid unexpected account freezes caused by basic operational mistakes. Thanks to this, our international cash flow has remained stable for the past two years.
Ms. Noor
Ms. Noor
COO, Travel & Hospitality Industry
What impressed me most about working with Koobiz was their service attitude. The team was highly responsive, replying to messages almost instantly, and always patient in explaining even the smallest banking procedures. Overall, a solid service well worth trying.
Ms. Clementine
Ms. Clementine
Managing Director, E-commerce
Opening a corporate bank account in Singapore without local support is truly a nightmare. Koobiz not only handled all the documentation but also assigned a specialist to accompany me to the bank for the signing process, providing interpretation support and clearly explaining complex financial terminology. The entire experience felt extremely reassuring and highly professional.
Ms. Sarah Lim
Ms. Sarah Lim
CEO, Import & Export
My company operates in the e-commerce sector with revenue streams coming from multiple countries, which made banks quite cautious about opening an account. Koobiz advised a very strategic approach and connected us with the right bank branch that has more flexible policies for digital businesses. As a result, our cash flow is now running smoothly and efficiently.
Mr. James Watson
Mr. James Watson
CEO, E-commerce
The meticulous review of my Business Profile by Koobiz's specialists was the key to my application's success. Their team helped highlight my industry track record and operational experience, giving the bank strong confidence in the company's ability to operate sustainably and maintain adequate account balances.
Ms. Salim
Ms. Salim
Founder, Logistics
If you want to save time and avoid application rejections that could negatively impact your company's track record, entrusting the process to Koobiz from the very beginning is the right decision. Their expertise and dedication gave my company a smooth and well-structured financial start in the Singapore market.
Mr. Alisher
Mr. Alisher
Managing Director, Software Technology
I was extremely impressed with Koobiz's remote support. Even though I was not physically present in Singapore during the initial stage, the team professionally coordinated online meetings with the bank and guided me through the remote document signing process, ensuring everything proceeded smoothly without disruption.
Mr. Iskandar
Mr. Iskandar
Founder, Travel & Hospitality
I previously submitted a corporate bank account application to a major bank in Singapore on my own and was outright rejected due to the "new industry" classification. After engaging Koobiz, the team spent two dedicated sessions restructuring my business profile and company website. As a result, the interview with OCBC went extremely smoothly, and the account was successfully activated within just 10 days.
Ms. Lan Phuong
Ms. Lan Phuong
CEO, Garment & Apparel Industry
After successfully opening our corporate bank account with Koobiz's support, our company's credibility with European partners improved significantly. Cross-border transfers in USD and SGD are now processed almost instantly, with remarkably low fees. This has truly been one of the most worthwhile investments for our business this year.
Mr. Nursultan
Mr. Nursultan
Business Development Director, Marketing & Advertising
Koobiz's process is streamlined and highly modern. From initial information intake to the completion of the bank application dossier, the entire process took only three days. This speed and precision enabled us to secure and sign a critical contract with an international client immediately after our company was incorporated.
Mr. Chingiz
Mr. Chingiz
Founder, Digital Marketing & Media
Few firms provide such thorough advisory support as Koobiz. Even after assisting with the bank account opening, their team guided me on proper transaction practices to avoid unexpected account freezes caused by basic operational mistakes. Thanks to this, our international cash flow has remained stable for the past two years.
Ms. Noor
Ms. Noor
COO, Travel & Hospitality Industry
What impressed me most about working with Koobiz was their service attitude. The team was highly responsive, replying to messages almost instantly, and always patient in explaining even the smallest banking procedures. Overall, a solid service well worth trying.
Ms. Clementine
Ms. Clementine
Managing Director, E-commerce

Koobiz Packages & Pricing

Currency

$ USD

Digital Bank

Fast, flexible, and fully online setup - ideal for modern, cross-border businesses seeking quick approval and convenience

$ 500
This service includes:
1. Digital Bank Account Support
Guidance on opening accounts with digital banks: IN Financial Technologies, Aspire, Wallex
Advisory on selecting the most suitable solution for your business type (e-commerce, services, trading)
Assistance in preparing online documentation to increase approval success rates
2. Compliance & Documentation
Review and verification of all legal documents (Company Incorporation, Nominee Director, Corporate Secretary, Registered Business Address)
Ensure documentation meets the requirements of MAS (Monetary Authority of Singapore) and banks
Advisory on proving source of funds and wealth (Proof of Funds, Source of Wealth)

Traditional Bank

Secure and reputable banking solution - suitable for established companies handling large transactions or requiring in-person verification

$ 750
This service includes:
1. Traditional Bank Account Support
Guidance and preparation of documents for banks in Singapore: DBS, OCBC, UOB, HSBC
Advisory on the KYC interview process with banks
Arrangement of appointments & support with bank communication (when necessary)
2. Compliance & Documentation
Review and verification of all legal documents (Company Formation, Nominee Director, Corporate Secretary, Registered Address)
Ensure documentation meets the requirements of MAS (Monetary Authority of Singapore) and banks
Advisory on proving source of funds and wealth (Proof of Funds, Source of Wealth)

Unlock Global Business Opportunities

Eliminate the hassle of complex procedures Koobiz partners with you to make owning an international bank account a reality with precise, fully compliant processes.

FAQs

With an extensive partner network, Koobiz prioritizes connecting you to banks that allow remote account opening via electronic identification (eKYC) or video call interviews. This saves you time and travel costs while still enabling you to hold a bank account in major financial centers.
Besides the company's legal documents, banks usually request: the company website, contracts with partners or suppliers, the most recent transaction invoices, and the owner's CV. Koobiz will guide you on presenting these documents logically and professionally to demonstrate transparency of your cash flow.
Yes. Koobiz doesn't stop at successfully opening your account. We provide guidance on secure account operations and advise on compliance requirements for cash flow to ensure your business account remains stable and avoids unexpected freezes or restrictions.

Resources

Maximizing Singapore Tax Refund: Corporate Income Tax (CIT) & GST Guide for Entrepreneurs
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Maximizing Singapore Tax Refund: Corporate Income Tax (CIT) & GST Guide for Entrepreneurs

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Calculating EBITDA Meaning & Formula: Guide to Core Profitability for Investors
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Calculating EBITDA Meaning & Formula: Guide to Core Profitability for Investors

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Understanding Non-Profit Organisations in Singapore: A Guide to Charities & NGOs
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Understanding Non-Profit Organisations in Singapore: A Guide to Charities & NGOs

8 min read...
Avoid Penalties: Singapore Corporate Tax Deadline 2026 & ECI Guide
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Avoid Penalties: Singapore Corporate Tax Deadline 2026 & ECI Guide

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How to File Income Tax for Self-Employed Singapore: A Guide to Form B & Deductions for Freelancers (YA 2026)
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How to File Income Tax for Self-Employed Singapore: A Guide to Form B & Deductions for Freelancers (YA 2026)

12 min read...
Can Dependent Pass Holders Work in Singapore? Rules, Requirements & LOC Guide
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Can Dependent Pass Holders Work in Singapore? Rules, Requirements & LOC Guide

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Talk to an Expert

Contact a Koobiz specialist to receive in-depth advice and step-by-step support for your business.