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Connect to the UOB Business Kit
Starting or growing a business? Enjoy more than S$4,000 savings now with essential solutions. T&Cs apply.
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Start and build your new business with UOB
Get started with practical tools and essential banking solutions to set up, build your brand and reach more customers.
Secure rental premises with ease
Free up cash and secure your first business space with a collateral-free Banker's Guarantee of up to S$50,000. 
Apply with ease with no financial statements required.
Grow your customer base
Build your website and reach more customers with exclusive digital partner offers.
Equip your startup
Enjoy up to 30% off Samsung business devices when you pay with UOB Business Debit Card. T&Cs apply.
Enjoy savings and cash bonus with UOB eBusiness Account
Up to 0.9% p.a. cash bonus for online local, overseas and payroll transactions.
Free local payments per month
No minimum balance for the first year
Up to 1.5% cash rebate on local spend with UOB Business World Debit Card
Explore our promotions
0% transaction fees on PayNow collections via Soundbox (Exclusive to UOB)
- Accept payments effortlessly
- Low one-time setup fee
- Get instant payment notifications
- Funds credited directly into your UOB business account
Open a UOB business account and register your interest below. T&Cs apply.
S$150 vouchers for SGD/USD FX transactions
Look out for the FX pair of the month and accumulate FX transactions in the featured pair to receive S$150 vouchers. T&Cs apply.
S$15/US$11 flat fee on telegraphic transfers
S$15 for UOB eBusiness or BizTransact Accounts or US$11 for UOB BizGlobal Account. Till 31 Dec 2027. Agent charges (if any) apply. T&Cs apply.
Make your move with UOB SME Banking
Connect with us to explore solutions and opportunities for your business
Our SME stories
Get inspired by business leaders who are turning ideas and ambition into action.
“Running a growing bakery chain means keeping capital available for opportunities as they arise. By using a collateral-free Banker's Guarantee in place of cash for rental security deposits, we unlocked working capital for other needs. The process was straightforward and made a meaningful difference to our cash flow management.”
Mr Ken Seng Guan
Managing Director, Bakery Cuisine
"As a small business, every dollar counts. Through UOB BizSmart, we were able to lower our operating costs with a Soundbox, which simplified how we collect payments while allowing us to enjoy 0% transaction fees on PayNow collections. It's a simple solution that has delivered meaningful savings and made our day-to-day operations more efficient.“
Mr Jaryl Sim
Director, Urban Eating House Pte Ltd
“UOB Business Kit gave us access to the banking and payment solutions we needed in one place, while the UOB SME app makes everyday banking easy and convenient. This has allowed us to stay focused on growing our business.“
Ms Ye Tiantian & Sammi Wang
Directors, Eighteen Plum
FAQs for Startups
General
Step 1: Open a UOB eBusiness 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? You may register your interest 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.
Yes, the digital solution offers are available to UOB business account holders.
Beyond business banking solutions, UOB offers startups access to a suite of digital business solutions with complimentary consultations by our UOB BizSmart digital advisors on how digital and AI tools can get your business to start and run efficiently.
Connect with us here and join our SME community to meet like-minded business leaders and ecosystem partners to expand your network.
Business Account
The UOB eBusiness Account is designed to provide start-ups and businesses with a simple, convenient way to manage their essential banking needs.
You can earn up to 0.9% p.a. cash bonus for payroll, local payment and cross-border transactions made through your account. The cash bonus will be credited directly to your account every month.
Yes. The UOB eBusiness Account is designed to help start-ups manage their essential banking needs.
You may open a UOB eBusiness Account online with MyInfo Business via your Singpass. Verify your company details, UEN and account, then review your application before submitting. Your account information will be sent to your registered email upon successful application.
Please also refer to the relevant document checklist for your company type to ensure a smooth application process.
Yes, sole proprietorships are eligible for UOB eBusiness Account opening.
Banker’s Guarantee
A Banker's Guarantee can help your start-up secure business premises, obtain required 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 (Security 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.
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.
As a new business, you are eligible to apply for a collateral-free Banker's Guarantee of up to S$50,000 without providing collateral or financial statements, subject to approval.
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
- S$100 flat (this charge is in addition to issuance fee)
- Tenor: Same fees as issuance
- Other Amendment: S$75 Flat
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 approval criteria. Terms and conditions 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$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Please refer to UOB Insured Deposit Register for a list of UOB accounts / products that are covered under the Scheme.
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