All new and existing UOB SME Banking Emerging Enterprise customers with a UOB eBusiness Account or UOB BizTransact Account are eligible for the UOB Business Kit.

The UOB Business Kit gives you access to a full suite of essential banking and digital solutions designed to support your business growth.

These essential solutions are:

• Collateral-free Banker's Guarantee of up to S$50,000 which you can tap on when renting a space for your business instead of using cash deposits. This helps preserve your working capital, giving you more flexibility to invest in inventory, hiring, and other business priorities
• Free subscriptions for website hosting, accounting and payment tools to help improve your customer reach, cash flow and operational efficiency. Learn more about UOB BizSmart digital solutions.
• SME insurance with waiver on the first 3 months of premium to protect your business against unexpected events, so you can focus on growing your business with peace of mind.

Simply open a UOB eBusiness Account or UOB BizTransact Account to activate these essential solutions.

Step 1: Apply for a UOB eBusiness Account or UOB BizTransact Account here.

Step 2: Upon submission of your online application to open a business account, click on the UOB Business Kit banner on the last page of your application to activate the solutions that you need.

Missed out on Step 2 or already have a UOB eBusiness Account or UOB BizTransact Account? You may register your interest in the UOB Business Kit here and activate the solutions you need.

Alternatively, you may speak to any staff at a UOB Branch for assistance.

Yes, you may select your preferred solutions to suit your business needs. Please fill in this form and we will be in touch to assist you.

If you're starting a business and primarily need an account for day-to-day banking, payroll and local payments, the UOB eBusiness Account is likely to suit your needs. It also comes with a first-year minimum balance waiver.

Choose the UOB eBusiness Account if you're a start-up or an early growth company with high local payment needs.

Choose the UOB BizTransact Account if your business handles a higher volume of transactions and requires more overseas payments.

Both accounts offer up to 0.9% p.a. cash bonus for local, overseas and payroll transactions and access to UOB Business Kit solutions.

You can earn up to 0.9% p.a. cash bonus on your average balance with your UOB eBusiness Account or UOB BizTransact Account. Simply make at least 5 transactions monthly per category below:
- Cross-border payments
- Local payments and collections
- Bulk payroll via GIRO

Learn more about Cash Bonus Promotion for Businesses.

A collateral-free Banker's Guarantee allows SMEs to apply for a Banker's Guarantee of up to S$50,000 without providing cash collateral or financial statements. To apply, open a UOB business account and register your interest here.

If you would like to request a larger Banker's Guarantee facility limit, please indicate your request in the form. Application is subject to the bank's assessment and approval.

A Banker's Guarantee can help your business secure rental space, obtain business licenses and permits, where a security deposit or guarantee is required. UOB Banker's Guarantees can be issued for purposes such as HDB bonds, MOM bonds, foreign worker bonds, and rental bonds. By using a collateral-free Banker's Guarantee instead of fully cash-backed Banker’s Guarantee, you can preserve working capital for your day-to-day operations and business growth.

No. Eligible customers can apply for a collateral-free Banker's Guarantee of up to S$50,000 without providing collateral or financial statements.

All new and existing UOB SME Banking Emerging Enterprise customers with at least 30% local equity held directly or indirectly by Singaporean(s) and/or Singapore PR(s) are eligible for collateral-free Banker’s Guarantee.

Government agencies / government linked entities / commercial landlords are acceptable beneficiaries, subject to bank’s approval.

Commission Charges

• Min. 2.0% p.a. or S$150, whichever is higher, subject to bank arrangement

Non-standard text

• S$100 flat (this charge is in addition to issuance fee)

Amendment

• Amount: Same fees as issuance
• Tenor: Same fees as issuance
• Other Amendment: S$75 Flat

Facility Fee

• Waived for customers who take up UOB Business Kit

Up to 5 years, subject to bank’s approval.

Register your interest here and fulfill all terms and conditions stipulated in the letter of offer to qualify.

No. All applications are subject to UOB's assessment and eligibility criteria. Terms and conditions apply.

Your application will be approved within 2 to 4 working days, subject to UOB's assessment and eligibility criteria.

UOB BizCare is an SME insurance solution designed to help protect your business against common operational risks. It offers industry-specific coverage for:

• Retail & Office businesses
• Food & Beverage businesses
• Trading businesses
• Light Industry businesses

Register your interest to learn more about UOB BizCare.

UOB BizCare offers:

• Industry-specific protection tailored to your business
• Quick and fuss-free application and approval
• Coverage options suitable for startups and SMEs
• Protection for key business assets and operations

Yes. UOB BizCare is suitable for businesses at every stage, including newly established ventures. It helps provide protection and peace of mind as you grow your business.

Yes. Home-based businesses are eligible for UOB BizCare, subject to meeting the product's eligibility requirements.

UOB BizSmart offers a curated suite of digital solutions that can help to simplify and automate business processes for SMEs.

For example, if you are a SME owner looking to streamline and automate your accounting and payments processes, you can subscribe to digital solutions at affordable prices without making upfront, lump-sum investments. This helps SMEs enjoy cost savings and achieve efficiency in their day-to-day operations, increasing their productivity to drive growth.

Our BizSmart solutions span 6 categories such as accounting, human resources and payroll, POS and payments, e-commerce, logistics, digital marketing and cybersecurity, and are designed to cater to different SMEs’ needs at different life-stages of their business journey.

The UOB BizSmart digital solutions offered under the UOB Business Kit are:

• Exabytes: Free AI hosting and domain for 1 year (worth up to S$899)
• Xero Cloud Accounting: 1-month free trial + free subscription for 6 months (worth up to S$420)
• NETS Services: 6-month free subscription for NETS unified POS & SGQR label (worth S$300)

Interested in these digital solutions or would like to explore other UOB BizSmart digital solutions? Get in touch with us here.

As our SME customer, you can seamlessly link select Accounting, POS & Payments, and HR and Payroll solutions from UOB BizSmart with your UOB business account.

Integrated solutions can also be accessed from the UOB SME app where you can enjoy an updated view of your financials such as your cash position, account receivable and payable dashboards, and other business insights.

Whether you are in the F&B business, a retailer or a startup in any industry, our UOB BizSmart Digital Advisers can provide complimentary consultations on digital solutions that support the digital transformation of your business.

If you require advice on the type of digital solutions required to automate and streamline your business processes, get in touch with us here.

Yes, the digital solution offers are available to UOB business account holders.