Business Bank Account
Take the hassle out of opening your business bank account in Singapore. We’ll liaise with our 10+ local bank partners on your behalf and guide you through the onboarding process.
100% Satisfaction Guarantee
We offer a 100% satisfaction guarantee: we’ll refund your money if your bank account opening application is rejected.
Remote Onboarding
Your assigned account manager will walk you through the bank account opening process without you going to our office.
Quick and Reliable Outsourcing
We do the heavy lifting when it comes to opening a bank account. Just send us the documents and we'll do the rest.
Constant Communication
Updates on your bank account application are provided to you via email.
Work with the Right Bank
Our dedicated account manager will sit down with you and help pick out the right bank that meets your business' needs.
Transparency Is Key
We provide the best service possible, minus the hidden fees and costs.
The 4-step Success Formula for Opening a Business Bank Account
1
Video Meeting
We will schedule a video call with you to better understand your business objectives for opening a bank account. During the call we’ll explain our procedures and the documents required for our assessment.
2
Send Documents for Assessment
You will be informed of what documents are needed. We’ll check your documents against the selection criteria for a Singapore corporate account. Based on the documents you sent over we'll present a suitable bank solution.
3
Submit Bank Application (3-4 weeks)
We will submit your formal application to the bank and may request additional documents when needed. Billing only starts when at least one bank shows preliminary positive.
4
Live Bank Account
Once approved by the bank your account is ready to use!
100% Satisfaction Guarantee with Zero Risk
Opening your bank account can be easy with our tried-and-tested approach. With hundreds of successful applications from clients, we’re so confident in our success rate that we won’t bill you until your first successful pre-assessment. We’ll even guarantee a refund if your final application is rejected.
✔ Hundreds of successful applications
✔ No travel or upfront costs
✔ Billing upon successful pre-assessment by Bank
✔ Multiple opportunities with multiple banks
✔ Expert guidance for a better chance
✔ Satisfaction guaranteed: or a refund*
* Exclude bank service charges, admin fees, and third-party costs like certified true copies
Arrange a free pre-assessment with us!
“We set up our Singapore subsidiary from India knowing little about local regulations and networks. Piloto Asia not only guided through our incorporation process but went the extra mile guiding us through the bank account opening process smoothly. Thumbs up.”
FAQ
Introduction to the Financial Landscape
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There are more than 300 banks in Singapore, with a handful of them being active in the SME or corporate banking spaces. As a potential client, you might have a certain preference due to existing banking relationship in your current country of operation, familiarity with a Bank’s name from home, or preference based on prices.
We have helped hundreds of newly incorporated Singapore companies to set up bank accounts with the following household names:
Development Bank of Singapore (DBS): Largest bank in Southeast Asia, with branches and offices in China, Hong Kong, UK, USA, India, Japan, Indonesia, UAE, South Korea, and across Southeast Asia.
Overseas - Chinese Banking Corporation (OCBC): OCBC Business Bank is the second largest bank in Southeast Asia. More than 570 branches across 18 countries.
United Overseas Bank (UOB): Third largest bank in Southeast Asia. Offices in more than 19 countries, a strong foothold in Singapore, Malaysia, Indonesia and China.
Maybank: Southeast Asia’s fourth largest bank by assets. Maybank Group has an international network of 2,600 branches in 18 countries.
RHB Singapore Bank: Fully licensed bank in Singapore, and part of RHB Bank Berhad, one of Malaysian largest banking groups.
ICICI Bank: Indian multinational banking and financial services company headquartered in Mumbai. Operating in Singapore since 2010 and has a strong network across India.
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You need the following five documents to open a corporate bank account in Singapore. We would help provide most of them. Our corporate banking partner will guide you through the process if you can physically come to Singapore for the account.
Documents required:
Your Passport
Proof of Director(s) & Shareholder(s) residential address
First Board Resolution
Your company’s Memorandum and Articles of Association (MM&A)
Your company Bizfile
For documents 3-5, we would require certified true copies to be signed by one Company Director and one Company Secretary, or two Directors.
