Simply open a business account, top up fresh funds of minimum S100,000 and make qualifying transactions.
*Terms and conditions apply.
SGD deposits are insured up to S$75k by SDIC.
Boost your business savings with UOB Business Account. Simply apply for an account, deposit fresh funds and make qualifying transactions. Follow the steps below to earn cash bonus of up to $2,000.
| Step 1 | Step 2 | Step 3 |
| Open a new UOB business account from 1 April 2021 to 31 May 2021. For existing customers: To participate in the UOB Business Banking Power Up Promotion, register online at uob.com.sg/bbsme. |
Deposit a minimum of S$100,000 in a UOB business account from 1 April 2021 to 31 May 2021 and maintain these funds till 31 August 2021. | Perform any of these qualifying transactions from 1 June 2021 to 31 August 2021 to qualify for the promotion.
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Here is an example of how much cash bonus you will receive if you are a new customer of UOB and open an account with us from 1 April 2021 – 31 May 2021:
If you deposit S$200,000 fresh funds, perform any of the qualifying transactions as stated above and maintain this amount till 31 August 2021:
| Cash Bonus earned on S$200,000 deposit with any qualifying transaction | = (S$200,000/S$100,000) x S$80 =S$160 | Total cash bonus = S$260 The maximum cash bonus to be earned from this promotion is S$2,000 per account |
| Welcome cash bonus for new UOB Customer | = S$50 | |
| Deposit funds before 30 April and maintain till 31 August 2021 | =S$50 |
The period where topped-up balances will need to be consistently maintained is reflected in the table below:
| Participation Period Open and top up new business account between |
Promotion Period Maintain the top-up account balance throughout each of the periods ending on the key dates of |
| 1 April 2021 – 31 May 2021 | 31 May 2021, 30 Jun 2021, 31 July 2021, 31 Aug 2021 |
^Terms and Conditions Governing UOB Business Banking Power Up Promotion (the “Promotion”). For new customers, visit uob.com.sg/smeQ2new and for existing customers, visit uob.com.sg/smeQ2 for more information.
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$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
United Overseas Bank Limited Co. Reg. No. 193500026Z
Enjoy more benefits with UOB BizTransact Account w.e.f. 1 April 2021. For details, please click here.
Complimentary monthly subscription for Bulk Services.
$0.50 rebate per transaction on up to 300 outgoing FAST/PayNow FAST transactions per month via UOB Infinity.
Enjoy preferential commission charges on Outward Telegraphic Transfers via UOB Infinity at 1/16%, min S$10, max S$50.
Standard cable and/or agent fees apply.
100% rebate on Bulk GIRO Payroll transaction charges via UOB Infinity.
$0.20 rebate per transaction on up to 300 GIRO Payment and Collection transactions per month via UOB Infinity.
Bank at your convenience at any ATM islandwide with free UOB Corporate ATM card.
Receive free eAlerts! email notifications on your account.
Manage your business on a single platform by digitalising core processes such as invoicing, HR and accounting. With UOB BizSmart, you can import bank account feeds for automatic reconciliation and provide faster payment options to customers via PayNow QR or NETS PayCollect.
To facilitate cross-border transactions, UOB FX specialists support you in managing foreign exchange risks.
Learn more
~ Standard cable and/or agent fees apply.
Checklist of documents required for Sole Proprietor
*Mandatory document for declaration of U.S. or Non U.S. persons.
Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types
Checklist of documents required for Partnership
*Mandatory document for declaration of U.S. or Non U.S. persons.
Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types
Checklist of documents required for Limited Liability Partnership (LLP)
*Mandatory document for declaration of U.S. or Non U.S. persons.
Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types
Checklist of documents required for Private Limited Company
*Mandatory document for declaration of U.S. or Non U.S. persons.
Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types
Checklist of documents required for Society / Club / Association / Clan
*Mandatory document for declaration of U.S. or Non U.S. persons.
Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types
| Initial Deposit | Minimum Daily Balance | Fall-below Fee | Early Closure Fee | Cheque Clearing Charges | Over-the-Counter Cash Deposit & Withdrawal |
|---|---|---|---|---|---|
| S$1,000 | S$50,000 | S$50 (for average daily balance below S$50,000. Waived for account opening month and subsequent 1 month.) |
S$200 (for closure within 12 months) |
S$0.75 per cheque | S$20 per transaction |
Setup your business account instantly^ when you apply online with MyInfo Business. With pre-filled fields, you can now submit your application anytime, anywhere.
Fast application in just 5 minutes, no branch visit required^
Online form gets pre-filled by retrieving your details via MyInfo Business
Get notified on your new account number upon instant account opening
^Notes:
Extensive Branch Network
Over 50 branches and 1200 ATMs island-wide
6259 8188
8am - 8pm, Mon - Sat, excl. Public Holidays
The Asian Banker
The International Excellence in Retail Financial Services Awards 2020
Euromoney
Awards for Excellence 2020
Disclaimer
+Preferential FX rate is applicable only for FX contracts amounts equivalent to S$20,000 and above, enquired via eFX platform or via our FX hotline.
#Value Date: For Telegraphic Transfer, it is the date when the Telegraphic Transfer payments are effected while for GIRO Transfer or salary crediting pursuant to a Payroll Request, it is the date falling one (1) day before the actual payment date is effected for the GIRO Transfer or, where applicable, the salary crediting pursuant to a Payroll Request. For example, for payments to be made on October 15 for Giro Transfer or Payroll Request, the Value Date is October 14 i.e. one (1) working day prior to the date when payees' receiving accounts will receive the funds. On October 14, the receiving accounts are credited at the Bank's end-of-day processing (which is around midnight). The receiving accounts can use the funds on October 15. The example given herein is merely for illustrative purposes and is not exhaustive in nature.
^ 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$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Please refer to UOB Insured Deposit Register for a list of UOB accounts / products that are covered under the Scheme.
For more information on the Deposit Insurance Scheme, please click here.
