In this article, we’re exploring the list of international banks in Singapore. We’re going to share a list of seven international financial firms and Singapore banks currently operating in the country, how to choose the right bank to open with, and also answer three common questions we’ve received from people exploring this specific topic.
This article is part of our free series on the list of 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 list of international banks in Singapore.
Table of Contents
- List of International Banks in Singapore
- How to Choose the Best International Bank in Singapore?
- Frequently Asked Singapore Banking Questions
- Do You Want to Open a Singapore Bank Account?
List of International Banks in Singapore
International banks in Singapore play a critical role in the country’s economy, providing access to a financially stable and well-managed banking system and offering a wide range of sophisticated financial services to a diverse clientele.
There are over 100 international financial institutions currently operating in Singapore. We list seven of them below.
International Banks in Singapore
- Bank of America
- BNP Paribas
- Citibank
- Deutsche Bank
- HSBC
- JP Morgan Chase Bank
- Standard Chartered Bank
The banks listed are presented in alphabetical order. The order does not reflect any rating or suggestion of suitability for account opening. There are, of course, other financial institutions, including retail banks, company banking firms, and a list of commercial banks in Singapore, not listed here that are more suitable for certain client types.
Like all banks in Singapore, it’s important to carefully assess the banks available to you, their preferences, banking risks, and requirements before choosing where to apply for an account.
We share details on how to choose the best international bank for your client profile in the following section.
How to Choose the Best International Bank in Singapore?
Bank selection is an important factor to consider when choosing where to open a bank account in Singapore as a non-resident. This is because not all financial corporations, including the list of regulated banks in Singapore, are suitable for every client type. The banks available to you depend on your client profile, banking needs, and deposit level.
It’s also important to compare financial services, banking fees, customer service, reputation, and online accessibility between the banks available to you. Assessing these factors helps you in choosing the best international bank that matches your financial goals.
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.
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Frequently Asked Singapore Banking Questions
Below are a few of the most common questions we receive from people exploring the list of international banks in Singapore. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
How Many International Banks Are There in Singapore?
There are 120-plus international banks in Singapore. The major international banks in Singapore include Citibank, HSBC, and Bank of America. These banks offer a wide range of banking services and products. The banks available to you depend on your citizenship, residency, banking needs, and deposit level.
What Is the Best International Bank in Singapore?
The best international bank in Singapore depends on the person applying for the account. More specifically, their citizenship, residency, banking needs, and deposit level. It’s important to choose a bank that matches your banking needs, has requirements you can meet, and offers the services you are after.
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?
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To learn more about opening accounts with GlobalBanks IQ, use the link in the top menu. Or, contact us directly with any questions!
