Start-up Bank Account in SG

• Allotajonnes

  27 Jan 14, 19:04

  I'm new here in SG and currently got accepted in a job. I just want to ask which Bank is the cheapest in terms of opening a new bank account for my pay. I'm quite short of funds.
  
  And another thing, how will I apply? is there online application or I need to go directly? Also what are the requirements?
  
  Thank you so much!

• charlize

  27 Jan 14, 19:12

  

• ditzy

  27 Jan 14, 20:59

  I highly recommend HSBC. 

• charlize

  27 Jan 14, 21:03

  

• FireIce

  27 Jan 14, 22:25

  posb

• 1long1

  4 Feb 14, 14:52

  No initial deposit is required to start a bank account in Singapore with DBS bank. The only requirements are a copy of your passport and an address with proof of residence i.e. an identity proof along with a photograph. The entire process is quite simple and hassle free and you can even apply online. Check the bank website for more info.

• charlize

  6 Feb 14, 20:59

  Should be quite simple.

   

  After all, you are giving them your money.

• Hujianbo1981

  6 Feb 14, 22:59

  DBS-POSB is quite ok one 

• FireIce

  6 Feb 14, 23:04

  not giving them wat

  parking there oni

• ^Acid^ aka s|aO^eH~

  7 Feb 14, 11:34

  parking and get tinnnnnyyyyyyy bit of interest...

  Do note that some bank DO need a minimum amount in the bank acc, if not, it will deduct abit of money every year or something like tat...

• Jeff994

  7 Feb 14, 11:57

  I have been using dbs for quite a long time

• FireIce

  7 Feb 14, 12:09

  less than $500 deduct $2 loh 

   

   

  so poor liao they still want more of ur money..................... tsk~

• ^Acid^ aka s|aO^eH~

  7 Feb 14, 13:35

  Depending, the $2 might be more then ur annual interest rate so technically u are giving them interest rate 

• FireIce

  7 Feb 14, 13:37

  $2 for $500

  比大耳窿更厉害