In this article, we’re exploring the best digital banks in Singapore. We’re going to share a list of four digital banks operating in Singapore, how to determine top-quality banking firms and the best bank in Singapore that’s best suited for your banking needs, and answer three common questions we’ve received from people exploring this specific topic.
This article is part of our free series on the best banks in Singapore. You can access this series right now by using the link above.
In addition to detailed account opening guides, this free series on Singapore banking also discusses the largest banks in Singapore, Singapore’s opening requirements, the costs of banking in Singapore, and much more. Use the link above to start exploring all of your free Singapore banking content right now.
Alternatively, use the table of contents to continue exploring more information on the best digital banks in Singapore.
Table of Contents
- What Are the Best Digital Banks in Singapore?
- Frequently Asked Singapore Banking Questions
- Do You Want to Open a Singapore Bank Account?
What Are the Best Digital Banks in Singapore?
The best digital banks in Singapore are easily accessible and offer convenient online banking services, such as online account management, quick transfers, budgeting tools, and online payments.
Here is a list of four Singapore digital banks currently operating in Singapore.
Singapore Digital Banks
- ANEXT Bank
- Green Link Digital Bank
- GXS Bank
- Maribank
It’s important to choose a digital bank that has user-friendly interfaces, strong security measures, and accessible online banking tools.
The best digital bank in Singapore highly depends on your banking needs and financial goals. Knowing how to choose a suitable bank, including the best international banks in Singapore, requires careful consideration and preparation. There are, in fact, seven features you need to consider when choosing a Singapore digital bank.
best international banks in Singapore
Features to Look For When Choosing a Singapore Digital Bank
- Accessible through mobile & web interfaces
- Strong security features (fraud detection)
- Ability to make online payments
- Access to investment platforms
- Accessible account management tools
- Minimal account fees & balance requirements
- Compatibility with third-party services
It’s critical to understand the features of digital banking that are important to you and your banking profile. This helps you choose the best digital bank in Singapore that aligns with your banking needs.
Want to learn more about banking in Singapore? Visit our comprehensive guide on banking in Singapore, available in the link above.
Alternatively, if you want to explore all of your offshore banking options, download our free guide and compare Singapore to some of the top banking jurisdictions available.
Do You Want to Explore All Your Offshore Banking Options?
Frequently Asked Singapore Banking Questions
Below are three of the most common questions we receive from people exploring the best digital banks in Singapore for foreigners. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Which Are the Digital Banks in Singapore?
The digital banks in Singapore include two full banks and two wholesale banks. The two digital full banks are GXS Bank and Maribank and the two digital wholesale banks are Anext Bank and Green Link Digital Bank.
Which Is the Best Bank in Singapore for Foreigners?
The best bank in Singapore for foreigners is often the financial institution that caters specifically to international banking clients. The best bank, however, differs between each client type. It’s important to understand your banking needs and choose banks that match your financial goals.
What Are the Top 3 Banks in Singapore?
The top 3 banks in Singapore are DBS, Overseas Chinese Banking Corporation (OCBC), and United Overseas Bank (UOB). According to the Central Bank of Singapore, the Monetary Authority of Singapore (MAS), the total assets of Singapore’s banking sector are approximately $2 trillion.
Do You Want to Open a Singapore Bank Account?
If so, you can access GlobalBanks IQ and start the process of applying in Singapore in a few clicks.
GlobalBanks IQ is our flagship international bank account opening solution. It gives you instant access to the…
+ Expert insights on which banks to choose & why
+ Step-by-step reports to open bank accounts in the best banking hubs
+ GlobalBanks international bank database & detailed bank profiles
+ Tried & tested banks for high-risk, offshore, & non-resident clients
+ Plus, get YOUR most pressing bank account opening questions answered by our team!
And “yes!” GlobalBanks IQ helps foreigners and non-resident individuals open bank accounts.
In fact, GlobalBanks IQ even helps non-resident, foreign & offshore entities open bank accounts.
To learn more about opening accounts with GlobalBanks IQ, use the link in the top menu. Or, contact us directly with any questions!
