How to Open a Bank Account in Singapore | Online - HSBC SG (2024)

FAQs

How to Open a Bank Account in Singapore | Online - HSBC SG? ›

Banks such as DBS offer digital services like online account opening through the digibank app. If you're an international customer using OCBC's digital account opening service, you will have access to all the features of the OCBC Digital app, including wealth management tools.

Banks such as DBS offer digital services like online account opening through the digibank app. If you're an international customer using OCBC's digital account opening service, you will have access to all the features of the OCBC Digital app, including wealth management tools.

Eligibility for Foreigners Opening a Bank Account in Singapore. Foreign nationals looking to create a banking presence in Singapore are welcome, provided they meet the necessary criteria. This includes having an Employment Pass, Student Pass, or Dependent Pass for identification purposes.

Applying via HSBC EasyID

an original identity document — such as your Singapore NRIC, Malaysia MyKad, or your passport. proof of your latest address — such as a utility bill, phone bill, government-issued identity documents or bank statements — that clearly indicate your name and Singapore residential address.

Non-residents of Singapore and foreigners are eligible to apply for the Singapore international bank account (for personal use) remotely.

Very often, you'll need to meet a minimum deposit requirement, which is normally between S$1,000 and S$3,000. Most banks also have a minimum in-credit balance requirement, and you'll be charged a fee if your balance falls below it.

Open your account with the SNB app. It is easy, secure, and available 24/7.

Can I open a bank account online without going to the bank? ›

Yes, many banks allow customers to open an account from the convenience of their computer desktop or mobile device. You'll need the same information ready as when visiting a physical branch, such as your identification and proof of address.

If you're leaving Singapore because your employment has ended, you should close your bank account before you go. This is to prevent your inactive account from being used for illegal activities like money laundering or fraud. The rule does not apply to those holding S Passes or Employment Passes.

Once we've received your application form, ID and proof of address, it usually takes 7 to 10 days to open your account. If we need any further information during this time, we'll contact you.

Link international accounts together

Just register for online banking in all the destinations you have an HSBC account to get started.

Yes, foreigners can open Singapore bank accounts. However, you'll often be asked for a proof of address from Singapore, as well as your valid pass to prove you're legally in the country. If you're still based in the US a flexible multi-currency account from a specialist provider may be a better option.

For opening Savings Account online, all you need is a mobile number for initiating the process. One just needs to submit the application and attach documents online instead of going to the bank yourself.

There are free online bank accounts—both checking and savings—that require no deposit. Some banks will require you to put a little money in your account when you create it. This is called a minimum opening deposit, and it can vary based on the type of account you choose.