What Do You Need To Set Up A Business Bank Account In Singapore?

Dec 20

Written By Accela Finance & Corporate Secretary

Singapore's banking district skyline — *Photo by* *Peter Nguyen* on *Unsplash*

If you’re new to setting up a business bank account in Singapore, you might have heard that it’s a long and difficult process. It’s true that it is more time-consuming than setting up in some other countries, and for this reason, many businesses have recently decided to open with a neobank instead.

But if you’re going to have to deposit checks or accept GIRO payments (automatic recurring payments), then you’ll need to open an account with one of Singapore’s brick and mortar providers. At Accela Finance & Corporate Secretary, we usually recommend Singapore business owners to start an account with DBS, OCBC or UOB.

Read about how to make the process as painless as possible in this post from Accela Finance & Corporate Secretary.

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Accela Finance & Corporate Secretary

Accela’s world-class finance team has experience working with over 200 companies across 20 different countries spanning 12 industry verticals. From bookkeeping to payroll to compliance, Accela’s diverse offerings can meet the many needs of any business. Our flexible approach enables us to work with all company types. Whether you’re an early-stage startup or a large multinational, Accela provides bespoke, adaptive and high-touch financial support.

https://www.accelafinance.asia/

What Do You Need To Set Up A Business Bank Account In Singapore?

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