The cost of opening a business bank account in Singapore can vary depending on the bank and the type of account chosen. Generally, there may be initial deposit requirements ranging from a few hundred to several thousand Singapore dollars, and some banks may charge maintenance or transaction fees.
For a MultiPass multi-currency account with SGD payment support, the cost of opening ranges from 50 to 500 euros for most tariffs, depending on factors such as your business type, country of incorporation and others.
Your Business Account in Singapore 🇸🇬
Open a business account to operate in Singapore with or without local presence. Get multi-currency IBAN to manage SGD, EUR, USD, GBP, and other currencies with ease.
A single solution to bank overseas
Be where your clients and partners are - With MultiPass multi-currency account do business with partners, clients and contractors both globally and in local markets. Hold, send & receive money in multiple currencies and convert only when needed, at great FX rates.
Within Singapore 🇸🇬
The rest of the world 🌍
Reliable & transparent banking, designed for international business
Transact in 30+ currencies across 180 countries. Get your own dedicated IBAN and local UK, EU & US accounts. Make fast multi-currency payments globally via SWIFT or local payment networks.
Wholesale FX rates
Perform live FX and move money between your own accounts with ease. MultiPass gives you access to wholesale exchange rates that guarantee significant savings versus traditional banks.
Handle your daily corporate expenses easily with your own virtual and plastic payment cards. Order and manage your cards 100% online from your MultiPass business account.
No bots or automated replies!
A dedicated banking expert that understands your business nature with help you out with any questions and ensure smooth delivery or your payments.
Onboard and manage your account entirely online, wherever you are. Our team will guide you through the onboarding so that you can be up and running within days, not weeks.
MultiPass is a UK-based FCA-authorised EMI. MultiPass is part of the Dyninno Group, an international holding with over 19 years of experience in the global market.
How to send money to Singapore 🇸🇬 with MultiPass
Convert your currency to SGD
Save on FX vs traditional banks. Hold SGD in your account and avoid unnecessary conversions.
Choose recipient in Singapore
Make a payment to their IBAN
From 0.50 GBP per payment
Your beneficiary receives the exact amount, with no hidden FX charges along the way
Please note that pricing may vary from case to case. For more information, visit the pricing page.
Get paid in the currency your clients are used to
Share your multi-currency account details with your customers in Singapore, allowing them to pay you in SGD.
Pay overseas staff cheaper & easier
Local payouts offer significant savings vs international SWIFT transfers, which is perfect for companies that regularly pay salaries to overseas contractors.
Your questions, answered
How much does it cost to open a business bank account in Singapore?
Can I open a business bank account online in Singapore?
What do I need to open a business bank account Singapore?
How to open a business bank account in Singapore as a foreign company?