Prepare identity/control, evidence of real activity, and a simple banking plan.
open business bank account Singapore
Banks verify ownership, activity, and purpose. Have your ACRA Business Profile, Constitution, and a Board Resolution authorising account opening/signatories. For people and control, provide IDs and recent address proofs for directors and UBOs (>25%), plus an org chart down to natural persons. Show real activity with sample invoices/POs/LOIs, supplier quotes, and website screenshots. Add a one-page banking plan: expected FAST/PayNow counts, international wires, FX volume, and any card/integration needs. Keep wording consistent across ACRA, website, and invoices.

open business bank account Singapore, documents, Pte Ltd, ACRA, UBO

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Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source. Read more articles

Disclaimer:The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions. The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.