In this article, we’re exploring the top ten banks in Singapore. We’re going to share a list of the top financial firms and Singapore banks that currently operate in the country and 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 top ten banks in Singapore.
Table of Contents
- What Are the Top 10 Banks in Singapore?
- Frequently Asked Singapore Banking Questions
- Do You Want to Open a Singapore Bank Account?
What Are the Top 10 Banks in Singapore?
The top 10 banks in Singapore include local banks, foreign banks, private banks, and other financial institutions, such as DBS Bank, United Overseas Bank (UOB), and Oversea-Chinese Banking Corporation (OCBC).
Listed below, in alphabetical order are ten of the top financial institutions currently operating in Singapore.
Top Ten Singaporean Banks
- Bank of Singapore
- BNP Paribas
- Citibank Singapore
- DBS
- Deutsche Bank
- HSBC
- JP Morgan Chase Bank
- Oversea-Chinese Banking Corporation (OCBC)
- Standard Chartered Bank
- United Overseas Bank (UOB)
Please note this list only includes ten of the 150-plus financial institutions operating in Singapore. Additionally, as mentioned above, the banks listed are presented in alphabetical order. The order does not reflect any rating or suggestion of suitability for account opening.
The number of institutions and foreign banks in Singapore that are available to you depends on your client profile, banking needs, and deposit level. There are of course other financial institutions not listed here that are more suitable for certain client types.
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 top ten banks in Singapore. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
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.
Which Bank Is Best for Foreigners in Singapore?
The bank that is the best for foreigners in Singapore depends on the person applying for the account. More specifically, their citizenship, residency, banking needs, and deposit level. International banks in Singapore are suitable for most foreign non-residents. It’s important to choose a bank that accepts similar client types, matches your banking needs, and has requirements you can meet.
What Are the Major 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.
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
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+ 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!
