What is the best bank in Singapore?What are the advantages of a Singapore bank?

There are three major banks in Singapore: DBS, UOB and OCBC

Singapore companies often choose the three major local banks to open an account, and the local banking services are more comprehensive and advantageous, not only the account is convenient to use, but also easier to handle if further financial services, loans, letters of credit, etc. are needed.

DBS DBS

It is currently the largest commercial bank in Singapore and Southeast Asia (measured by assets). Named "Asia's Safest Bank" by Global Finance magazine. As a state-owned bank in Singapore, it is large in scale and has a wide range of branches around the world.

OCBC Bank

Singapore's second largest private commercial bank is the oldest local bank in Singapore, and the bank charges low fees such as fees. OCBC Bank has Singapore, Malaysia, Indonesia and China as its main markets.

UOB UOB

UOB is the third largest bank in Singapore and was founded by Sarawak businessman Wong Keng Cheong in collaboration with other Hokkien businessmen. Ranked 14th in the "Asia's Safest Bank" by Global Finance magazine, it has an advantage in financing projects.

Information required for opening a bank account in Singapore.

1.A copy of the registration document (Business Profile).

2.A copy of the Articles of Association.

3.Clear photocopies of ID cards and passports of the company's directors and shareholders.

4.Proof of personal address of the person authorized to sign the account, which can be a bank statement, utility bill, etc., and the date of issuance must be within 3 months.

5.Curriculum vitae of the authorized person signing the account (mainly describing the company's management experience).

6.Proof of business:

a) ** company: three sales and purchase contracts in the last three months, corresponding invoices, bills of lading, packing lists, customs declarations, etc. b) investment holding companies: investment certificates (i.e., letter of intent, equity agreement or title deed), equity structure.

c) If the newly established company does not carry out business, it is necessary to provide business contracts of affiliated companies in other countries as supporting materials.

d) List of merchants and customers.

7.Fill out the bank account opening questionnaire.

YYD can provide you with bank account opening, company registration, trademark registration and other services, and the full amount will be refunded if it is unsuccessful. I hope so

Any credit or debit card bearing the UnionPay logo is acceptable for credit card purchases. If you need to withdraw cash, it is recommended to apply for a debit card of Hengfeng Bank, and there is no handling fee for foreign inquiries and cash withdrawals at this stage. When I went, I did one before leaving, any local ATM with UnionPay logo can be taken off, but it should be noted that the ATM machine over there responds relatively slowly, I wanted to withdraw 100 yuan on the last day, but after entering the password, he prompted to point Chinese or English, clicked no response, and then clicked the second moment he went to the next screen, the amount of cash withdrawal, the result was exactly 1000 yuan.

I'm so sad.

One reason for the growing popularity of banks in Singapore is that Singapore has a stable political environment and a noisy and pro-business regulatory regime for business license, taxation, credit rights and investor protection. In addition, Singapore's clear and transparent legal framework, coupled with a wide range of tax incentive schemes, is particularly attractive to families with cross-border family businesses.

Other advantages:1The threshold for opening an account is relatively low.

In recent years, we have been expanding the market, so there is a lot of flexibility to talk about a lot of cooperation, or if the customer has any ideas on his own. It will not be as demanding as European and American banks.

3.Singapore-based banks, backed by the network of OCBC Bank, a major Singapore bank, have a lot of local project resources.

4.The overall investment style of the bank is conservative, which is suitable for prudent customers.

5.It can accept the custody of many customers' own small private placement** or projects, and can sit down and talk about anything.

6.You can qualify as an investment in Singapore BOS products through the Huai Closed OCBC Wing Hang Deposit Program in China.

7.Handled more than 1 3 family office set-up projects in Singapore between 2017 and 2022. For Asian clients, we have more experience in trust.

It is suitable for customers who have complex asset types and high requirements for bank flexibility.

Summary. Malay banks in Singapore have the disadvantage of low interest rates. Because after all, the interest rate of bank deposits is too low, and it is not a good way to maintain and increase the value of assets.

Luo Yongcheng, senior financial planner at Providend, said that Singapore investors usually put their money into safe, liquid assets, and there is nothing wrong with Malay Bank in Singapore.

Malay banks in Singapore have the disadvantage of low interest rates. Because after all, the interest rate of bank deposits is too low, and it is not a good way to maintain and increase the value of assets. Providend Senior Financial Planner Loh Eng Seng said that Singapore investors usually put their money into safe, liquid assets, according to UOB Singapore

Headquartered in Singapore, it has branches and offices in Asia, including China, Indonesia, Malaysia and Thailand. The rating is already among the top banks in the world: Moody's has a rating of AA1, Maybank, the full name of Maybank **** (full name is Malaysian Bankingberhad), headquartered in Kuala Lumpur, Malaysia, is the largest bank in Malaysia.

At present, Maybank has 334 branches in the country.