In this article, we’re exploring the best international banks in Singapore. We’re going to share a list of eight international banks operating in Singapore, how to choose a top-quality banking institution and the best Singapore bank for your banking profile, 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 international banks in Singapore.
Table of Contents
- What Are the Best International Banks in Singapore?
- How Do I Choose the Right International Bank in Singapore?
- Frequently Asked Singapore Banking Questions
- Do You Want to Open a Singapore Bank Account?
What Are the Best International Banks in Singapore?
The best international banks in Singapore offer comprehensive banking solutions for non-resident individuals looking to open multi-currency accounts, access international investment opportunities, and make foreign transactions.
Below is a list of eight international banks currently operating in Singapore.
International Banks in Singapore
- Bank of America
- Barclays
- BNP Paribas
- Citibank
- Deutsche Bank
- HSBC
- JP Morgan Chase
- Standard Chartered Bank
This is only a small list of the international banks currently operating in Singapore. It’s important to note that the banks listed above are presented in alphabetical order and the order does not reflect any rating or suggestion of suitability for account opening.
Like all banking institutions in Singapore, including the best digital banks in Singapore, it’s important to carefully assess each international financial institution available to you, their preferences, banking risks, and requirements before choosing where to apply for an account in Singapore.
We share details below on how to choose the right international bank, approach the account opening process, and successfully open a bank account in Singapore as a non-resident.
How Do I Choose the Right International Bank in Singapore?
There are ten characteristics you need to look for when choosing the best international bank in Singapore to open an account with.
Characteristics of the Best International Banks in Singapore
- Accepting foreign non-residents
- Accepts your citizenship and residency
- Requires supporting documents you are able to provide
- Requires a deposit amount you are able to afford
- Supports transactions to and from desired countries
- Charges reasonable international transaction fees
- Charges reasonable account maintenance fees
- Offers both international debit and credit cards
- English-speaking customer support
Evaluating these characteristics in addition to your personal or business banking needs, is an important step in choosing the best banking firm or the best corporate bank in Singapore.
Other factors worth considering include the bank’s reputation, financial services offered, digital banking accessibility, and customer service quality.
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 international banks in Singapore. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Which Singapore Banks Allow Foreigners to Open Accounts?
The Singapore banks that allow foreigners to open accounts are typically the financial institutions that offer non-resident banking services, multi-currency accounts, and accessible online banking platforms.
Which Bank Account Is Best in Singapore?
The bank account that is best in Singapore depends on the person applying for the account. This is because not all bank accounts in Singapore are created equal. 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.
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+ Expert insights on which banks to choose & why
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+ 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!
