Expat Banking in Singapore
Nearly all major banks are represented in Singapore. Requirements for opening an account vary but as a minimum, you'll need to present your passport, a letter of employment and recent statements from your home bank. You may also be required to show your work permit and you residency documents.
If you're travelling and working around the region, you'll likely opt to open an account with a large international bank such as HSBC Singapore, to make use of their facilities as you travel, or with one of the major local banks with overseas branches and facilities. Other major banks in Singapore include DBS and OCBC.
Overseas banks with full bank licenses in Singapore include American Express, Bangkok Bank, Bank of China, Citibank and Bank of Tokyo-Mitsubishi (this list is not exhaustive and most world banks have some kind of representation in Singapore).
Singapore is one of the regions major financial centres and sports a highly advanced banking system with the full spectrum of specialist services. Credit cards are almost universally accepted.
Need advice? Got a question? Go to our Singapore Forum
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