Banks in Singapore

Singapore has developed into one of the fourth leading financial countries of the world and has one of the highest Gross Domestic Product (GDP) per Capita. It is the efficacy of the Singapore banks and the relaxed banking laws that have played a major role in making Singapore one of the most powerful financial hubs. With unbiased banking rules and easy investment policies, the Singapore banks treat domestic and foreign investors with equality. Banking laws and banking operations are done in English which makes it easier for foreign clients. Off-shore bank accounts can easily be attained at attractive interest rates. Due to a stable government and strict government policies, banking operations in Singapore are devoid of all irregularities.

Types of bank account in Singapore

How to Open a Bank Account in Singapore

Find the bank in which you want to open an account. It may be best to open account with international banks. Some of the more common international banks include Bank of America, HSBCand Citibank. Mainly banking hours are from 9:30 a.m. to 3 p.m. Monday through Friday, and 9:30 a.m. to 11:30 a.m. Saturday.

What is require to open a bank account in Singapore

Best banks in singapore

Standard Chartered is among the top 10 banks of singapore , it is known for its services.Bank provide services such as Personal Loans, Insurance, Credit Cards , Platinum Card , Investment , Online Banking , Mobile Banking , SME Banking etc. It is a universal bank and has branch in all over the world and around 90% of the earnings come from Asia, Africa, and the Middle East.

It is one of the leading international banks in Singapore and has the reputation of providing high-standard and reliable service to all its customers. The international private banking division of the HSBC group is the HSBC private bank. The high net worth customers and their families are provided with private banking and trustee services.

Citibank is a overseas bank,its main aim is to provide best information to the customer.Bank is known for its services , online services of banks are outstanding, if you have any query you can get answers in just a few minutes from their portal and call centers.Bank provide services such as credit card, loan at cheap interest, investment and insurance etc.

Barclays Bank provide its services in Singapore since 1973.It offering corporate, government, institutional and individual clients investment banking, asset management and wealth management services.They also has a technology centre in Singapore.

The United Overseas Bank Limited or the UOB was founded in 1935. Known as the United Chinese Bank initially got its present name in 1965. Rendering exceptional services to the customers and providing the most competent products is the main objective of this bank. Apart from the other regular banking products, it offers a host of other products like Life Insurance, General Insurance, Trust services and Stock-broking services. With a number of subsidiaries, this bank completely believes in impartial and honest dealings.

The national banks of Singapore are regulated by the Monetary Authority of Singapore. There are other important local banks in Singapore namely, the Far Eastern Bank Limited and the Islamic Bank of Asia. These banks also offer varied services and products along with tempting offers for customers from all over the world.

These are usually from 9.30am to 3pm on weekdays, and 9.30am to 11.30am on Saturdays. So if have some work in Banks please go in time.

List of banks in singapore

Last Updated on 18 Dec 2012