BizTransact Account

Transaction Savings

  • 100 free cheques per month
  • Up to 50% rebate on outward remittance charges
  • 100% rebate on bulk payroll transactions sent via Business Internet Banking Plus (BIBPlus)
  • 50% rebate on bulk interbank GIRO transactions sent via BIBPlus
  • Waiver on monthly subscription of BIBPlus premium services
  • Preferential Foreign Exchange (FX) rates+ via the eFX platform on BIBPlus and FX Hotline

Convenient Online Banking

  • Manage your account anytime, anywhere on BIBPlus
  • Benefit from extended cut-off time for transactions via BIBPlus
    • Telegraphic Transfer to 4pm, on Value Date#
    • Payroll Request to 6pm, 1 working day before Value Date#
    • GIRO Transfer to 6pm, 1 working day before Value Date#

Ease of access

  • Fulfil your business needs at any UOB branches islandwide
  • 24-hour access to more than 1,000 ATMs* and 160 Cash Deposit Machines
  • 24-hour access via BIBPlus

Link to UOB Business Debit Card

  • Enjoy 0.3% cash rebates^ on your transactions
  • Earn up to 20% SMART$ rebate^

Link to UOB Corporate Deposit Card

  • A deposit-only card to deposit cash into the current account
  • No restrictions on the number of cards issued for each company account
  • No PIN or account number required when making deposit
  • No account balance is displayed on screen or receipt
  • More on UOB Corporate Deposit Card

 

Requirements (Please click to select)

  • Sole
    Proprietor
  • Partnership
  • Limited Liability
    Partnership
  • Society / Club /
    Association / Clan
 

Checklist of documents required for Sole Proprietor

  • Account Opening Form
  • ACRA Business Profile Search
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • FATCA Self Certification or IRS Withholding Certificate#

#Mandatory document for declaration of U.S. or Non U.S. persons.
Additional documents if business is corporated outside of Singapore.
  • Account Opening resolution from Overseas Company
  • Power of Attorney
  • M&A of head office / parent company
  • Letter of introduction from a Corporate Bank or reputable company
  • Search on overseas company

Checklist of documents required for Partnership

  • Account Opening Form
  • ACRA Business Profile Search
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • FATCA Self Certification or IRS Withholding Certificate#
  • Account Opening Resolution
  • Certified True Copy of Partnership Deed

#Mandatory document for declaration of U.S. or Non U.S. persons.
Additional documents if business is corporated outside of Singapore.
  • Account Opening resolution from Overseas Company
  • Power of Attorney
  • M&A of head office / parent company
  • Letter of introduction from a Corporate Bank or reputable company
  • Search on overseas company

Checklist of documents required for
Limited Liability Partnership (LLP)

  • Account Opening Form
  • ACRA Business Profile Search
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • FATCA Self Certification or IRS Withholding Certificate#
  • Account Opening Resolution
  • Certified True Copy of Partnership Deed

#Mandatory document for declaration of U.S. or Non U.S. persons.
Additional documents if business is corporated outside of Singapore.
  • Account Opening resolution from Overseas Company
  • Power of Attorney
  • M&A of head office / parent company
  • Letter of introduction from a Corporate Bank or reputable company
  • Search on overseas company

Checklist of documents required for
Society / Club / Association / Clan

  • Account Opening Form
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • Account Opening Resolution
  • Rules and By-Laws of Clubs / Constitution of Club / Clan
  • Certificate of Registration from ROS OR Approval from approriate Registrar OR Government Gazette listing

#Mandatory document for declaration of U.S. or Non U.S. persons.
 

Fees

Initial Deposit S$1,000
Minimum Daily Balance S$80,000
Fall-below Fee S$80
Early Closure Fee S$200 (for closure within 12 months)
Cheque Clearing Charges Waived for the first 100 cheques per month. Subsequent cheques at $0.50 each
 



Terms & Conditions Governing Accounts & Services

Additional Terms & Conditions Governing Accounts & Services

Terms and conditions governing UOB BizTransact

+Preferential FX rate is applicable only for FX contracts amounts equivalent to S$20,000 and above, enquired via eFX platform or via our FX hotline.

#Value Date: For Telegraphic Transfer, it is the date when the Telegraphic Transfer payments are effected while for GIRO Transfer or salary crediting pursuant to a Payroll Request, it is the date falling one (1) day before the actual payment date is effected for the GIRO Transfer or, where applicable, the salary crediting pursuant to a Payroll Request. For example, for payments to be made on October 15 for Giro Transfer or Payroll Request, the Value Date is October 14 i.e. one (1) working day prior to the date when payees' receiving accounts will receive the funds. On October 14, the receiving accounts are credited at the Bank's end-of-day processing (which is around midnight). The receiving accounts can use the funds on October 15. The example given herein is merely for illustrative purposes and is not exhaustive in nature.

* Includes the Shared ATM Network
** Terms and conditions of the UOB Business Debit Card apply.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

For more information on the Deposit Insurance Scheme, please click here

Please refer to UOB/FEB Insured Deposit Register for a list of UOB accounts/ products that are covered under the Scheme.