In this article, we’re exploring whether you can open a bank account in Singapore without living there. We’ll share details on the specific characteristics to look for when choosing a bank, the required documents to unlock personal banking services with a Singapore personal bank, and answer common questions we receive from people exploring this topic.
This article is part of our free series on personal bank accounts 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 whether you can open a bank account in Singapore without living there.
Table of Contents
- Can I Open a Bank Account in Singapore Without Living There?
- Frequently Asked Singapore Banking Questions
- Do You Want to Open a Singapore Bank Account?
Can I Open a Bank Account in Singapore Without Living There?
Yes, you can open a bank account in Singapore without living there as long as you have a suitable client profile, meet the opening requirements, and choose a bank that accepts non-residents.
Bank selection will be an important factor to consider since not all banks in Singapore accept non-resident clients or accept remote applications to open a bank account online in Singapore. There are four characteristics to look for in a Singaporean bank as a foreign non-resident, which we share below.
Characteristics to Look for When Choosing a Bank in Singapore
- Accepts similar client types
- Offers remote account opening
- Offers financial services you need
- Is stable, well-managed, and reputable
Banks in Singapore have a strict application process. The process of opening accounts varies depending on the applicant applying, specifically the person who can open a bank account in Singapore, the chosen bank, and the banker. Opening a bank account in Singapore without living there requires preparation and careful consideration.
What Do I Need to Open a Bank Account in Singapore Without Living There?
The account opening requirements imposed by banks in Singapore include a completed application form, supporting documentation, government-issued identification, proof of income, a qualifying deposit, and several other specific requests unique to Singapore.
If you are interested in learning more about banking in Singapore, don’t forget to visit our comprehensive guide on banking in Singapore, available in the link above.
Alternatively, if you would like 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 a few of the most common questions we receive from people exploring whether you can open a bank account in Singapore without living there. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Can a Non-Resident Open a Singapore Bank Account?
Yes, a non-resident can open a Singapore bank account as long as they choose the right bank, meet the opening requirements, and have a suitable client profile. Bank selection is an important factor to consider since not all banks in Singapore as non-resident clients.
Can I Open a Bank Account in Singapore Online?
Yes, you can open a bank account in Singapore online. It’s important to note that not all banks in Singapore offer remote account opening, and of the banks that do, not all are suitable for every client type. Knowing which banks have requirements you can meet and align with your banking needs are two critical factors that need to be considered when choosing where to open a bank account in Singapore online.
Can You Open a Bank Account If You Don’t Live in the Country?
Yes, you can open a bank account if you don’t live in the country as long as you choose a bank that accepts your specific client type, has requirements you can meet, and meets your banking needs. It’s important to note that account opening requirements, deposit amounts, and onboarding processes differ between financial institutions and client types.
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!
