Traditional Providers
Open a Singapore Dollar Business Account
Open a SGD business account and operate across Singapore with confidence. Get local Singapore account details with access to FAST, PayNow, GIRO, MEPS+, and SWIFT. Send, receive, and hold SGD with clear control over every transaction.
Reduce FX friction and simplify international transfers
Singapore account details in your company’s name
Access Singapore rails for domestic payments
Suitable for international operations, non-resident directors, and multi-jurisdictional ownership
Singapore Dollar
Currency name
SGD
ISO code
S$
Currency symbol
What’s Included with Your Singapore Dollar Business Account
A dedicated SGD account embeds your operations into Singapore's local banking rails, removes conversion drag with local counterparties, and aligns FX timing to your treasury strategy rather than market pressure.
Key Benefits
Account in your company's name with unique Singapore account number and bank code.
Receive SGD via domestic transfers and access SWIFT for international SGD payments.
Collect revenues in SGD without forced conversion into another base currency.
Pay Singapore suppliers and counterparties in their preferred currency.
The Risk of Not Having a Singapore Dollar Business Account
Relying solely on offshore currency accounts or ad-hoc FX conversion exposes businesses to unnecessary costs, uncertainty, and reputational friction in Singapore.
FX erosion:
Repeated, unplanned conversions compress margins.
Payment delays:
SWIFT-only routes add intermediaries, days, and fees.
Counterparty friction:
Local partners prefer SGD transfers to domestic accounts.
Compliance hurdles:
Paying local taxes and payroll without a SGD account can be challenging.
Who We Serve
Our SGD Business Accounts Are Designed for
We support a wide range of internationally minded businesses. From fast-growing companies expanding into Singapore to established global organisations managing complex operations.
Global Corporates
Centralise SGD receivables, fund suppliers and payroll, and align SGD costs with SGD revenues for cleaner margins.
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Funds & Institutions
Manage capital calls and distributions in SGD with role-based approvals and clear audit trails.
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Private Equity
Efficient SGD flows for deals, fees, and SPV/holdco structures with policy-driven FX.
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Family Offices
Discreet SGD management for assets, commitments, and inter-entity transfers under tight permissions.
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The All-in-One Platform
Banq Global vs. Traditional Providers
Open business accounts (20+ countries)
Open multi-currency accounts (30+ currencies)
Preferential exchange rates (130+ currencies)
Receive global payments (190+ countries)
Make global payments (190+ countries)
Currency risk management
Mass payments
Trade finance
All-in-one platform
Dedicated relationship manager
Business Account - Step by Step
How to Open a Singapore Dollar Business Account
A clear, expert-led process that reduces rework, shortens decision time, and maintains certainty.
01
Scoping & Fit
We review your structure, directors, UBOs, and SGD flows to confirm feasibility and align the account with your treasury needs.
02
Document Pack
A precise, tailored checklist for your entity type and structure, minimising rounds of clarification.
03
Compliance Review
Disciplined AML/KYC due diligence with prompt Q&A and clear status visibility.
04
Account Issuance
SGD account in your company’s name with account number, bank code, and SWIFT enablement.
05
Go-Live & Controls
Users, roles, approvals, payment templates, and FX policy (including market orders) configured to your standards.
Singapore Dollar Business Account - FAQs
Opening a SGD account raises questions on eligibility, payment rails, non-resident onboarding, and compliance. Below are answers to the questions global finance teams ask most often.