Singapore is known for its safe and efficient banking system. For many people who come here to work, study, or stay for a while, having a local bank account makes everyday life much easier. A foreigner can also open a bank account in Singapore. The good news is that the process of opening a bank account in Singapore is usually fuss free and straightforward.
Can a Foreigner Open a Bank Account in Singapore?
Yes. A foreigner can open a bank account in Singapore with the right documents. Banks in Singapore welcome:
- Working professionals
- Students
- Pass holders (EP, S Pass, Work Permit)
- Dependant Pass holders
- Long-term Visit Pass holders
This makes Singapore friendly and flexible for newcomers.
What to Consider Before Choosing an Account
Before applying, check:
- Minimum balance rules
- Monthly fees
- Card features
- ATM access
- Mobile banking tools
- Foreign currency fees
Picking the right account helps make your daily life smoother.
How to Open a Bank Account in Singapore
The steps are simple and similar across most banks:
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Step 1:
Choose your account type
Savings accounts are the most common choice for foreigners.
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Step 2:
Verify your identity
Your passport and other documents will be checked for confirmation.
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Step 3:
Make an initial deposit if required
Some accounts ask for a small first deposit.
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Step 4:
Set up mobile banking
Once approved, you can pay bills, transfer money, and use a debit card for daily spending.
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How To Open an Account With UOB
UOB requires foreigners to undertake an in-person visit to a branch office with the following documents:
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Identity documents
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Proof of Singapore residential address
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Supporting documents
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Passport and secondary ID (minimum 6 months validity is required)
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Latest telephone/utilities bill or latest bank statement
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Employment Pass, S Pass, Dependent Pass
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Only original documents are accepted for account opening—photocopies or digital copies will not be processed. UOB reserves full discretion to approve or decline applications without providing reasons.
Once UOB approves your application, you can start using the UOB TMRW app, like any other customer, for all your banking needs.
The UOB TMRW app offers convenience, efficiency and personalisation in the following ways:
- Update your personal details (such as email address, phone number, or physical address) instantly on the app.
- Consolidate your finances across multiple accounts in one place.
- Convert SGD to foreign currency with no markup fees before an international trip.
- Stay secure with a digital token, which you need to set up to conduct transactions.
- Save time by getting a branch queue number in advance; you will get an SMS when it’s nearly your turn.
- Receive reminders about bills and notifications when bills and spending are higher than usual.
- Enjoy personalised rewards, deals and exclusive weekly coupons.
Types of Accounts Foreigners Often Use
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Account type
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Best suited for
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Recommended UOB account
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Why
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Everyday savings
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Foreigners who need seamless daily payments (groceries, transport, utilities, online shopping)
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UOB One Account
UOB Stash Account
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Earn bonus interest (One Account) or rewards for consistent saving (Stash)
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Salary credit account
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Foreigners working in Singapore receiving monthly salary via GIRO
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UOB One Account
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Earn higher interest when salary is credited, paired with card spend
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Multi-currency account
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Frequent travellers, expats, or anyone who sends/receives overseas funds
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UOB FX+ Account
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Hold and convert 11 currencies in-app
0% FX fee spending abroad via FX+ debit card
Lock in favourable exchange rates
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Student account
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International students needing simple, low-maintenance banking
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UOB Uniplus Account
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Low initial deposit required
Higher cashback
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Why Foreigners Open Accounts in Singapore
There are many practical reasons to open a local bank account in Singapore:
- Cashless payments and mobile wallets
- Easy salary crediting
- Lower fees compared to using overseas cards
- Access to local ATMs
- Safe and stable banking
- Faster money transfers
A Simple Start for Anyone New to Singapore
Opening a bank account is often one of the first steps when moving to a new country. For foreigners, Singapore makes this process clear and friendly. With the right documents and a suitable account, managing your money becomes easy from day one.
If you are planning to open a bank account in Singapore as a foreigner, it helps to start by checking the required documents and understanding the steps involved, so you can settle in comfortably and handle daily payments with ease.
This publication is intended for general informational purposes only and does not constitute financial advice. Please seek independent advice before making any financial decisions.
The features, benefits, and terms of UOB FX+ and other UOB products or services mentioned in this publication are accurate only as at the time of publication. United Overseas Bank Limited (“UOB”) and its employees, offices, and directors, are under no obligation to update this publication if any product features, terms, or conditions change in the future.
All UOB products and services are governed by their respective and prevailing terms and conditions, which may be amended from time to time at UOB’s discretion. For the most current and complete information, please refer to the official UOB webpage for the relevant product or service.
Neither UOB nor any of its employees, offices, or directors makes any warranty or representation, whether express or implied, regarding the accuracy, adequacy, completeness, or reasonableness of the information contained in this publication. UOB and its related parties shall not be liable for any loss or damage arising from reliance on information stated in this publication.
