Can anyone give me a reference?
I would like to open a Singapore Bank or Credit Union account without making a visit in person.
One that has a debit card, and allows international wire transfers via fax or secure email.
I've read where this is possible, but because of the time zone differences, I would have to make phone calls in the middle of the night to do the research.
I can provide all necessary documentation, passport, proof of residence, other bank accounts, et cetera.
Thank you.

SINGAPORE EXPATS FORUM
Singapore Expat Forum and Message Board for Expats in Singapore & Expatriates Relocating to Singapore
Opening Bank / CU Account from Abroad
- Strong Eagle
- Moderator
- Posts: 11630
- Joined: Sat, 10 Jul 2004 12:13 am
- Location: Off The Red Dot
- Contact:
Re: Opening Bank / CU Account from Abroad
You must generally always be present to open an account as every bank I have run into in Singapore requires that you sign your signature cards in the presence of a bank officer.
The only possibility you _might_ have is to choose a bank where you already have an account in your home country and ask if you can sign the signature card in front of their officers instead. I believe you'll need to be a regular and trusted customer for them to consider this.
The only possibility you _might_ have is to choose a bank where you already have an account in your home country and ask if you can sign the signature card in front of their officers instead. I believe you'll need to be a regular and trusted customer for them to consider this.
Re: Opening Bank / CU Account from Abroad
@Vantojo.
I'm not sure if it's possible (other than how Strong Eagle suggests). In my experience you need to prove you have legal residency here.
Or put it another way:-
First time here my wife (a local) and I opened a joint account. At that point I was effectively on a tourist visa still. But as she is local she was considered the primary a/c holder, and me perhaps no more than a 2ndary joint name.
Second time, I had residency. When you go to open the account, they give you the cards there and then. They ID you, and require you to sign them in front of them, and IME they then escorted me to their ATM to use the cards in a machine for the first time, to set or validate the PINs.
So, my feeling is that even if you're a tourist here, it seems unlikely that a bank would open an account for you in a sole name. And if you aren't even here in the country, I think it's even less likely.
--- I've been looking at opening a financial account in a '3rd country'. The impression I get is that unless it's somewhere like Switzerland, and a BIG account, then it's extremely difficult to find any bank anywhere who will. The money laundering regs that have been ramping up over the past 30 years seem to have put and end to such an avenue.
I'm not sure if it's possible (other than how Strong Eagle suggests). In my experience you need to prove you have legal residency here.
Or put it another way:-
First time here my wife (a local) and I opened a joint account. At that point I was effectively on a tourist visa still. But as she is local she was considered the primary a/c holder, and me perhaps no more than a 2ndary joint name.
Second time, I had residency. When you go to open the account, they give you the cards there and then. They ID you, and require you to sign them in front of them, and IME they then escorted me to their ATM to use the cards in a machine for the first time, to set or validate the PINs.
So, my feeling is that even if you're a tourist here, it seems unlikely that a bank would open an account for you in a sole name. And if you aren't even here in the country, I think it's even less likely.
--- I've been looking at opening a financial account in a '3rd country'. The impression I get is that unless it's somewhere like Switzerland, and a BIG account, then it's extremely difficult to find any bank anywhere who will. The money laundering regs that have been ramping up over the past 30 years seem to have put and end to such an avenue.
'Do it or do not do it: You will regret both' - Kierkegaard
-
- Similar Topics
- Replies
- Views
- Last post
-
-
Opening Bank account with IPA (EP Approved) before arrival
by theworm » Wed, 01 Apr 2015 1:27 pm » in Credit Card & Banking in Singapore - 3 Replies
- 8736 Views
-
Last post by ecureilx
Wed, 01 Apr 2015 2:24 pm
-
-
-
Renting/Opening a bank account
by mb25 » Mon, 08 Jun 2015 5:20 pm » in Relocating, Moving to Singapore - 1 Replies
- 812 Views
-
Last post by the lynx
Mon, 08 Jun 2015 7:19 pm
-
-
-
Opening a local business bank account
by rbasia » Tue, 09 Aug 2016 8:43 pm » in Business in Singapore - 17 Replies
- 5978 Views
-
Last post by BBCWatcher
Wed, 10 Aug 2016 3:38 pm
-
-
-
Incorporation of company in Singapore and opening business bank account
by JonaBoss » Thu, 13 Oct 2016 2:17 pm » in Business in Singapore - 16 Replies
- 9890 Views
-
Last post by okonu
Fri, 14 Oct 2016 5:24 pm
-
-
-
Opening a bank account without physical EP
by 3star1980 » Sun, 16 Sep 2018 9:24 pm » in Relocating, Moving to Singapore - 6 Replies
- 1644 Views
-
Last post by 3star1980
Tue, 18 Sep 2018 6:44 am
-
Who is online
Users browsing this forum: No registered users and 1 guest