How to Open a Bank Account in Singapore as Expat

 How to Open a Bank Account in Singapore as Expat — Complete Guide 2026

Opening a bank account in Singapore as an expat is 

easier than you think. Singapore has one of the 

best banking systems in Asia, and most major banks 

welcome foreign workers and expats.

In this guide, we will walk you through everything 

you need to know about opening a bank account in 

Singapore as an expat in 2026.

Do You Need a Bank Account in Singapore?

Yes! A Singapore bank account is essential for:

- Receiving your monthly salary

- Paying rent and bills

- Sending money home to your family

- Everyday shopping and transport

Best Banks for Expats in Singapore

1. DBS Bank

DBS is Singapore's largest bank and the most 

popular choice for expats. They offer a 

Multiplier Account that gives you higher 

interest when you credit your salary.

Best for: All expats, especially new arrivals

2. OCBC Bank

OCBC offers the 360 Account which rewards you 

for salary crediting, saving, and spending.

Best for: Expats who want higher interest rates

3. UOB Bank

UOB offers the One Account with cashback and 

bonus interest benefits.

Best for: Expats who spend a lot on groceries 

and transport

4. Citibank Singapore

Citibank is great for expats who travel 

frequently or send money internationally.

Best for: Frequent travelers and remittance

5. HSBC Singapore

HSBC is ideal for expats who already bank with 

HSBC in their home country.

Best for: Existing HSBC customers

Documents Required

To open a bank account in Singapore, you will 

generally need:

- Valid Passport

- Valid Work Pass (EP, S Pass, or Work Permit)

- Proof of address (utility bill or tenancy 

  agreement)

- Employment letter from your company

Some banks may require additional documents 

depending on your nationality and pass type.

How to Open a Bank Account in Singapore

Step 1: Choose your preferred bank

Step 2: Visit the nearest branch with your 

documents

Step 3: Fill in the application form

Step 4: Make the minimum initial deposit

Step 5: Receive your ATM card within 5-7 days

Can I Open a Bank Account Online?

Yes! DBS, OCBC, and UOB now allow you to open 

an account online through their mobile apps. 

You will need your MyInfo or SingPass details.

Minimum Deposit Requirements

DBS Multiplier: SGD 1,000

OCBC 360: SGD 1,000

UOB One: SGD 1,000

Citibank: SGD 1,000

HSBC: SGD 2,000

Tips for Expats

- Open your account as soon as you arrive

- Credit your salary to get bonus interest

- Use PayNow to transfer money instantly

- Compare fees before choosing a bank

Final Thoughts

Opening a bank account in Singapore is 

straightforward. DBS and OCBC are the most 

expat-friendly options. Visit the branch with 

your passport and work pass and you can 

complete the process in under an hour.

Have questions? Leave a comment below!