In this article, we’re exploring the benefits of a private bank in Singapore. We share a list of the specific benefits you unlock when opening a high-value finance account to access Singapore private banking as a non-resident. We also answer three common questions we receive from people exploring this topic.
This article is part of our free series on private 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 the benefits of a private bank in Singapore.
Table of Contents
- What Are the Benefits of a Private Bank in Singapore?
- Frequently Asked Singapore Banking Questions
- Ready to Unlock the Benefits of Singaporean Banking?
What Are the Benefits of a Private Bank in Singapore?
Private banks in Singapore are financially sound, stable, and well-capitalized. Common benefits of opening a private bank account in Singapore include personalized wealth management services, estate planning, and investment advisory.
It’s important to note that the benefits of a private bank in Singapore vary depending on the bank and applicant. This is because each private bank offers unique financial services and each person has their own banking needs.
Here is a list of the five most common benefits private banks in Singapore have to offer.
Benefits of Singapore Private Banking
- Singaporean private banks are financially sound & well-capitalized
- Bankers are sophisticated & experienced
- Clients get access to a wide range of customized financial services
- Banks here accept most nationalities and residences
- Clients have access to some of the safest banks in the world
Singapore is the pinnacle of banking stability. Private banks here are tailored to high-net-worth individuals seeking customized banking solutions. Opening accounts with private banks in Singapore, however, is challenging if you are not well-prepared.
Understanding the specific wealth management qualifications and Singapore private banking requirements you need to meet is critical. Luckily, we cover these requirements and more in the link above.
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 the benefits of a private bank in Singapore. If you have further questions you would like answered, don’t hesitate to get in touch with us directly.
Why Private Banking in Singapore?
Private banking in Singapore offers exceptional financial services tailored to your specific banking needs. Private banks in Singapore are financially sound, well-managed, and have experience in working with high-net-worth individuals.
What Are the Benefits of Private Banking?
The benefits of private banking vary depending on the applicant. Private banking clients benefit from accessing a wide range of financial services including, sophisticated banking services such as wealth management, investment advisory, and estate planning.
What Is the Minimum Amount for DBS Private Bank Singapore?
The minimum amount for DBS private bank accounts in Singapore varies depending on the person applying to open an account. More specifically, their citizenship, residency, account type, and banking needs. It’s important to confirm the exact deposit amount your client profile is required to make before starting the application process.
Ready to Unlock the Benefits of Singaporean Banking?
If you’re seeking better banking options, diversification, or enhanced privacy—our International Account Opening Service is your fastest, most effective path forward.
Trusted by high-net-worth-individuals and 8-figure businesses, it’s a fully personalized solution backed by real experts, with real results.
Here’s what you can expect:
✅ Direct support from our international banking experts—so you’re never stuck guessing what to do next.
✅ Prequalification with banks that match your profile and actually want you (or your business) as a customer.
✅ Custom strategies to overcome any challenges and help you open the accounts you need—whether you’re a non-resident, entrepreneur, investor, or global citizen.
✅ Personal introductions to banks that perfectly match your profile (not random suggestions you have to cold-call yourself).
✅ Answers to tough questions about documentation, compliance, and what works in today’s evolving banking climate.
✅ Guaranteed account opening because we will keep working with you until you successfully open the bank account you need.
And yes—GlobalBanks’ International Account Opening Service is purpose-built for foreign and non-resident individuals and companies.
But, spots are limited and we only accept qualified applicants—so if you’re ready to move forward, take 60 seconds to complete your free assessment.
