Independent guidance for opening and managing bank accounts in Singapore. We are not affiliated with any bank or financial institution. Content is educational, not financial advice.
First published: 2024-11-12
Last updated: 2025-08-26
- Our Mission BankOpenSingapore.com is an independent content platform focused on clarity, comparability, and compliance. We help individuals, expats, and businesses navigate account types, fees, documentation (KYC, Source of Wealth, Source of Funds), and realistic timelines across personal, business, digital, and private banking in Singapore.
- Who We Serve • Individuals and families seeking day-to-day banking with transparent fees. • Expat professionals preparing documents before relocation. • SMEs and startups choosing between local banks, digital banks, and EMI platforms. • Private-banking clients building a bankable onboarding narrative and custody setup.
- What We Cover • Personal, Business, Digital, and Private Banking account guides and checklists. • Bank-to-bank comparisons using standardized fields (fees, minimums, FX, remote onboarding). • Operational topics: payments, multicurrency, cards, statements, attestations. • Compliance basics: KYC, SoW/SoF evidence, certification and translations. • Practical resources: templates, CSV fee tables, example timelines, and FAQs.
- Editorial Standards and Fact-Checking • Primary sources first: we cite official bank tariffs, product disclosures, and regulator notices whenever available. • Two-point verification: fee or eligibility claims require at least two artifacts (for example, tariff PDF plus recorded confirmation from a relationship manager). • Update cadence: comparison hubs reviewed every 90 days; deep dives every 180 days; FAQs and resource pages updated continuously. • Change logs: each page shows the last three edits with a short note. • Corrections: readers can request a correction or appeal via our Corrections & Appeals Policy. Verified corrections are timestamped on the page.
- Methodology for Comparisons We normalize information across banks so readers can compare like-for-like: fixed and monthly fees, minimum balance, transfer and FX costs, remote onboarding availability, expected processing timelines, and common rejection reasons. Where data is incomplete, we mark items as “N/A” and invite reader submissions. If editorial scores are shown, they are composite signals (cost, speed, bankability, documentation burden) for discovery only and should not be taken as financial advice.
- Independence and How We Make Money Our editorial team operates independently. Revenue may include contextual/programmatic ads and clearly labeled sponsorships. Ads and sponsorships do not influence our coverage, rankings, or conclusions. If we use affiliate links, they will be disclosed next to the link or in a page-level notice. We never guarantee account approvals or limits. We do not sell personal data or “introductions” without explicit consent.
- Legal, Privacy, and Disclaimers • No financial advice: all content is educational and general in nature. Seek professional advice tailored to your situation. • Trademarks: bank names and logos belong to their respective owners. • Privacy: see our Privacy & Cookie Policy (PDPA-aligned). • Terms: see our Terms of Use and Advertising Disclosure. • Accessibility: we aim to meet WCAG 2.1 AA. Please report any issues through the contact channels below.
Who We Are:
• Editor-in-Chief — [Marks Toms].
Background in banking operations and compliance. Oversees editorial policy and fact-checking.
• Research Lead — [Helen Lili].
Focus on tariff analysis, product change tracking, and data normalization. • Contributor Network — Industry practitioners who review drafts for accuracy. Any conflicts are disclosed on the respective page.
Contact Editorial: [email protected]
Partnerships: [email protected]
Update Log:
• 2025-08-26 — Expanded About page with methodology, funding disclosures, contact details.
• 2025-05-10 — Added editorial standards and correction policy reference.
• 2024-11-12 — Initial version published.
Note on Accuracy:
Numbers and eligibility rules change. Always verify thresholds and product terms directly with the bank before applying.