which bank's Corporate account offers

tuk boy · Post by **tuk boy** » Sat, 28 Oct 2006 1:46 am

the lowest monthly average ledger balance ?

i need to open a Corporate account, any banks to intro ?

thanks!

Post by **jpatokal** » Sun, 29 Oct 2006 12:12 am

You only need $1000 to open the account, but they charge you a few bucks ($10?) if you drop below $10k. Applies to all Sing banks as far as I know -- but I bank with UOB because their corporate Internet banking is free, while DBS wants $50/mo.

shidal · Post by **shidal** » Mon, 13 Nov 2006 10:21 am

other than that ,any things to look for corporate account??like documents needed?

Post by **jpatokal** » Mon, 13 Nov 2006 7:18 pm

Incredible bureaucracy awaits. Make one trip to the bank in advance to collect the application forms and have fun...

tuk boy · Post by **tuk boy** » Wed, 15 Nov 2006 1:06 am

jpatokal wrote:You only need $1000 to open the account, but they charge you a few bucks ($10?) if you drop below $10k. Applies to all Sing banks as far as I know -- but I bank with UOB because their corporate Internet banking is free, while DBS wants $50/mo.

do you mean we have to pay 50 per month to use internet banking ???

Post by **jpatokal** » Thu, 16 Nov 2006 3:24 pm

tuk boy wrote:do you mean we have to pay 50 per month to use internet banking ???

If you sign up with DBS and want to also pay bills, then yes. Quite a rip-off, isn't it? Go for UOB instead.

LetThereBeLight · Post by **LetThereBeLight** » Thu, 25 Jan 2007 11:06 pm

You may want to look up more info for UOB, as well as Maybank. Maybank seems to offer quite attractive rates.

Grim Reaper · Post by **Grim Reaper** » Tue, 30 Jan 2007 2:02 pm

OCBC has a corporate account with only a 500 $ deposit and only after six months you pay 15 $ penalty for a balance less than 10K $.

Internet not charged either.

AdamC · Post by **AdamC** » Wed, 31 Jan 2007 7:35 am

500? woot.. tt's a big catch for small operators & startup.

I think need to put the monthly sub for I-banking aside. If you are trading high volume, what eat into your pocket is the rate

UOB still the best, they offer the best rate

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which bank's Corporate account offers

which bank's Corporate account offers

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