Yes — foreign students in Singapore can open bank accounts, but certain conditions must be met.


Foreign students studying at Singapore universities or polytechnics are eligible for personal banking services.

Required documents typically include:

  • Student pass
  • Passport
  • School enrollment letter Banks like POSB and Maybank have special student packages with zero monthly fees and e-statement access. Some banks offer mobile-only accounts with debit cards and no minimum deposit. Always verify if the account allows international remittance or foreign currency holding.

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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.