Straightforward local cases take days to a couple of weeks; cross-border or complex models take longer.
bank account opening time
A local services Pte Ltd can be approved within days once documents are clean. Trading, foreign-owned, or regulated models face more questions and can extend to several weeks. Speed up by submitting a single PDF pack with a contents page, using consistent descriptions, and pre-answering likely KYC questions (counterparties, corridors, cash flows). Book your video call early and keep signatories available.


onboarding timeline, account opening time, SME banking

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Sophia Tan

About the Author

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.