Singapore Dollar Current Account

Features

  • Low initial deposit of S$1,000
  • 30 free cheques per month
  • Free UOB corporate ATM Card

Simple to manage

  • Receive monthly statement of account(s)
  • Receive SMS and/or email alerts on your account via UOB eAlerts! services
  • Monitor transactions via Business Internet Banking Plus (BIBPlus)
  • Automatic replenishment of cheque books

Ease of access

  • Fulfil your business needs at any UOB branch islandwide
  • 24-hour access to more than 1,000 ATMs* and 160 Cash Deposit Machines
  • 24-hour access via BIBPlus
  • Get access to additional funds with an overdraft facility (subject to approval)

Link to UOB Business Debit Card

  • Enjoy 0.3% cash rebates** on your transactions
  • Earn up to 20% SMART$ rebate**

Link to UOB Corporate Deposit Card

  • A deposit-only card to deposit cash into the current account
  • No restrictions on the number of cards issued for each company account
  • No PIN or account number required when making deposit
  • No account balance displayed on screen or receipt
  • More on UOB Corporate Deposit Card

 

Requirements (Please click to select)

  • Sole
    Proprietor
  • Partnership
  • Limited Liability
    Partnership
  • Society / Club /
    Association / Clan
 

Checklist of documents required for Sole Proprietor

  • Account Opening Form
  • ACRA Business Profile Search
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • FATCA Self Certification or IRS Withholding Certificate#

#Mandatory document for declaration of U.S. or Non U.S. persons.
Additional documents if business is corporated outside of Singapore.
  • Account Opening resolution from Overseas Company
  • Power of Attorney
  • M&A of head office / parent company
  • Letter of introduction from a Corporate Bank or reputable company
  • Search on overseas company

Checklist of documents required for Partnership

  • Account Opening Form
  • ACRA Business Profile Search
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • FATCA Self Certification or IRS Withholding Certificate#
  • Account Opening Resolution
  • Certified True Copy of Partnership Deed

#Mandatory document for declaration of U.S. or Non U.S. persons.
Additional documents if business is corporated outside of Singapore.
  • Account Opening resolution from Overseas Company
  • Power of Attorney
  • M&A of head office / parent company
  • Letter of introduction from a Corporate Bank or reputable company
  • Search on overseas company

Checklist of documents required for
Limited Liability Partnership (LLP)

  • Account Opening Form
  • ACRA Business Profile Search
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • FATCA Self Certification or IRS Withholding Certificate#
  • Account Opening Resolution
  • Certified True Copy of Partnership Deed

#Mandatory document for declaration of U.S. or Non U.S. persons.
Additional documents if business is corporated outside of Singapore.
  • Account Opening resolution from Overseas Company
  • Power of Attorney
  • M&A of head office / parent company
  • Letter of introduction from a Corporate Bank or reputable company
  • Search on overseas company

Checklist of documents required for
Society / Club / Association / Clan

  • Account Opening Form
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • Account Opening Resolution
  • Rules and By-Laws of Clubs / Constitution of Club / Clan
  • Certificate of Registration from ROS OR Approval from approriate Registrar OR Government Gazette listing

#Mandatory document for declaration of U.S. or Non U.S. persons.
 

Fees

Initial Deposit S$1,000
Minimum Daily Balance S$10,000
Fall-below Fee S$35
Early Closure Fee S$30 (for closure within 6 months)
Cheque Clearing Charges Waived for the first 30 cheques per month. Subsequent cheques at $0.50 each
Business Internet
Banking Plus (BIBPlus)
S$20 monthly subcription for BIBPlus Premium Services
 



Terms & Conditions Governing Accounts & Services

Additional Terms & Conditions Governing Accounts & Services

* Includes the Shared ATM Network
** Terms and conditions of the UOB Business Debit Card apply.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

For more information on the Deposit Insurance Scheme, please click here

Please refer to UOB/FEB Insured Deposit Register for a list of UOB accounts/ products that are covered under the Scheme.