Banking in Singapore
Best banks in Singapore for expats & digital nomads
Opening a bank account is one of the first things you do after moving to Singapore. Here are the accounts that work for newcomers and non-residents, plus the fintech we would set up before you fly.
How to open a bank account in Singapore
Local banks generally want an Employment Pass or work permit plus proof of address; international banks (Standard Chartered, HSBC, Citi) tend to be more flexible for newcomers. Bring passport, immigration pass and proof of address.
Wise multi-currency account
Wise is the option we recommend for almost anyone moving to Singapore: hold and convert 40+ currencies, get local account details to be paid like a local, and send money at the real exchange rate with low, transparent fees. It works before you even arrive, so you can receive income and pay deposits while your local account is still being set up.
Open a free Wise account →Affiliate link: we may earn a commission at no cost to you. Wise is a fintech, not a bank; balances are safeguarded, not covered by deposit insurance.
Top banks in Singapore
United Overseas Bank (UOB)
traditionalThird local pillar bank; wide ASEAN footprint.
Standard Chartered Singapore
traditionalInternational bank often easier for foreigners and cross-border needs.
International accounts & neobanks
Full personal accounts in Singapore (SGD account, multi-currency wallet, investing).
Singapore's home market; SGD multi-currency travel card, no FX fees.
Available for cross-border business/freelance payments.
Availability changes; confirm on each provider's site.
Next steps in Singapore
See the full Singapore tax, cost and visa profile, or compare Singapore with other destinations. Not sure where to go yet? Take the finder quiz.