UOB is considered an expat-friendly bank in Singapore, offering up to 10% cashback and competitive rates for your overseas expenditure. HSBC is also a preferred option by many ex-pats because of its Multi-Currency Savings Account, providing access to 11 currencies and great global great facility.
Which bank account is best for expats in Singapore?
OCBC. The last local bank to consider for expat banking in Singapore is OCBC. This is another of the largest banks in Singapore, which offers a choice of basic and interest-earning accounts. If you only need a simple everyday account, the OCBC Current Account³ could be the best choice.
Can a foreigner have a bank account in Singapore?
If you are a foreigner or not a resident of Singapore, then you can still open a bank account without any trouble. … To open a bank account as a foreigner in Singapore you’ll need: Proof of Identity (Passport or ID card) Proof of Address (Utility bills, etc.)
Which bank is best for international?
What are the top 5 international banks in India?
- Citibank. Citibank is one of the oldest banks in India. …
- HSBC BANK. HSBC Bank India, a subsidiary of HSBC Holdings plc., is among the world’s largest banking and financial organizations. …
- Standard Chartered Bank. …
- Royal Bank of Scotland. …
- Barclays Bank.
Which bank is safest in Singapore?
The Global Safest Banks listing was released in the last quarter of 2017, with Singapore banks dominating the rankings. DBS came in 1st in the region, followed by OCBC and UOB who came in 4th and 5th respectively.
Is HSBC a good bank for expats?
HSBC Bank: Best for expats
HSBC helps people relocating to other countries by allowing them to open an account before they arrive, and its mobile app lets depositors monitor and move money between HSBC accounts in multiple countries.
Can I open a bank account in Singapore as a tourist?
Can tourists open a bank account in Singapore. As a tourist, you are a temporary visitor in Singapore. As a tourist can not prove the permanent local residential address and purpose of local bank account. Hence tourists are not allowed to open a bank account in Singapore unless you can prove the above details.
Can I keep my bank account if I leave Singapore?
yes you can keep you bank account after leaving Singapore, the bank wont cancel it. However, you might need an address to which any correspondence can be sent, and online banking services here are not as developed as in other countries.
How much do I need to open a bank account in Singapore?
Compare a range of banks accounts in Singapore
|Name||Monthly fee||Minimum Initial Deposit|
|OCBC Basic current account||S$0||S$1,000|
|Citibank Tap and Save Account||S$0||S$15,000|
What is an expat bank account?
Expat bank accounts are special accounts designed for people living an international lifestyle away from their home country.
Can I open an HSBC account in another country?
With an overseas account you can manage your accounts and bank seamlessly internationally: Open an account for free before arriving at your destination. … Make instant global money transfers between eligible HSBC accounts. Enjoy the same HSBC Jade and HSBC Premier privileges in eligible countries/regions.
Can I open an international bank account?
In order to open an account with an offshore bank, you will need to provide proof of your identity and other documents to prove your identity. Banks may also require information on the source of your deposits. You can access your account using a debit card or by making wire transfers.
Which bank has most ATM in Singapore?
Local banks such as DBS-POSB has the most ATM locations (over 677 ATMs). Due to its local popularity, DBS-POSB ATMs generally feature long queues. UOB (United Overseas Bank) and OCBC (Oversea-Chinese Banking Corporation) have shared networks of over 800 ATMs.