UOB BizTransact account
Get S$88* cash credit when you open a UOB BizTransact account
*T&Cs apply. Insured up to S$75k by SDIC.
GUIDES & INSIGHTS
UOB Business Property Loan
Apply for a UOB Business Property Loan and receive S$300* shopping vouchers
*T&Cs apply.
Trade
Enjoy rewards up to S$600* when you submit trade bills to UOB Business Banking
*T&Cs apply.
RESOURCES
Life Insurance
Stay protected with life insurance for your business and get up to S$300 shopping vouchers*
*T&Cs apply.
FOREIGN EXCHANGE
Foreign Exchange
Book at least S$300,000 FX contracts and 3 contracts online to enjoy cash rewards*.
*T&Cs apply.
UOB BizSmart
Sign up for at least 2 digital solutions to enjoy S$100 worth of vouchers*
*T&Cs apply.
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A simple and convenient way to provide payment assurance.
3-day issuance
Capitalise on your trade opportunities when they arise.
5-minute application
Enjoy a S$100 fee waiver and free document delivery.
Leverage UOB's network and credit rating
Enhance your business proposition and secure deals with confidence.
Save time and avoid delays from Singapore Customs
Enjoy prioritised processing with the Electronic Banker's Guarantee Programme.
Manage trade transactions anytime
Submit and manage trade bills digitally with UOB SME online and sign up for UOB eAlerts to be notified on your transaction status.
Rates & Fees
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Item
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Express BG
| Item | Express BG |
| Types of guarantee available | Common types of Banker’s Guarantees: • Bid Bond • Performance Bond • Warranty Bond • Advance Payment Guarantee • Financial Guarantee |
| Commission Charges | • Min. 1.5% p.a. or S$150, whichever is higher • S$100 off fees |
| Courier Charges | • S$10 (Local courier) • Overseas courier charges are subject to arrangements |
| SWIFT Charges Lengthy Cable | • S$30 • S$50 for 2 pages (For SWIFT message exceeding 2 pages, an extra charge of S$50 per additional page will be imposed) |
| Non-Standard Text Fee | • S$100 flat (this charge is in addition to Commission charge) |
| Amendment Fees | • Amount: Same fees as issuance • Tenor: Same fees as issuance • Other Amendment: S$75 Flat |
| Collaterals | • Cash Margins |
| Eligibility | • Singapore Registered Companies • No existing banker's guarantee facilities with UOB* • Corporate current account with UOB# |
| Item |
| Types of guarantee available |
| Commission Charges |
| Courier Charges |
| SWIFT Charges Lengthy Cable |
| Non-Standard Text Fee |
| Amendment Fees |
| Collaterals |
| Eligibility |
*If you have any existing credit facilities with us, please contact your Relationship Manager, or apply for BG online via UOB SME online.
#Customers without Corporate current account will be engaged by our officer for set-up prior to application
Submit trade bills on UOB SME with 3 simple steps
Step 1
Log in via UOB SME online
Step 2
Select Trade Services (BIBPlus)
Step 3
Select trade product, complete the respective online form and press submit
Submit trade bills on UOB SME with 3 simple steps
Step 1
Log in via UOB SME online
Step 2
Select Trade Services (BIBPlus)
Step 3
Select trade product, complete the respective online form and press submit
Frequently asked questions
What is Express Banker’s Guarantee (BG)?
Express BG is an online platform for customers to apply for BGs on an ad hoc basis against cash margin without the need for UOB internet banking subscription (ie. UOB SME app online) or BG facilities. Customers must, however, have a UOB current account to facilitate the debit of the margin amount.
Who can apply for an Express Banker's Guarantee (BG)?
Express BG is available to Business Banking customers who are seeking for a transactional BG application. Customers must maintain a business account with UOB.
Is there a minimum or maximum BG amount and tenor?
There is no limit on either, but both are subject to the Bank’s approval.
What is the expected turnaround time?
As soon as 3 working days¹ after you submit the necessary documents via email, provided your application is in order.
Can the BGs be issued to both local and overseas beneficiaries?
Yes. Typically, BGs are issued for beneficiaries such as Ministry of Manpower, The Comptroller of Goods and Services Tax, Director General of Customs, Inland Revenue Authority of Singapore, Housing and Development Board, etc.
Do I require BG facilities to apply for an Express BG?
No. The BG will be issued against 100% cash margin, debited from your chosen UOB Business Banking account.
Do I earn any interest from the cash margin placed with the bank?
No.
Where can I find a Trade Counter?
You may collect trade documents or submit application forms at any of the following Trade Counters:
Albert Street
60 Albert Street #09-01
OG Albert Complex Singapore 189969
Cecil Street
156 Cecil Street,
Level 5 Far Eastern Bank Building, Singapore 069544
Tampines
1 Tampines Central 1
#02-01 UOB Tampines Centre Singapore 529539
Tai Seng
30 Tai Seng Street
#01-01 BreadTalk IHQ Singapore 534013
Thomson
251/253 Upper Thomson Road
#02-00 Singapore 574375
Woodlands
6 Woodlands Square
#08-02 Woods Square Tower 2 Singapore 737737
West Hub
8 Jurong Town Hall Road
The JTC Summit #26-01
Singapore 609434
Disclaimers
1 For enquiries that reach UOB within the Stipulated Timing. “Business Day” is defined as Mondays to Fridays (Singapore date and time, and excluding Singapore and bank public holidays). “Stipulated Timing” is defined as 8am to 8pm from Mondays to Saturdays (Singapore date and time, and excluding Singapore and bank public holidays). For enquiries that reach UOB at times other than the Stipulated Timing, we will contact you within four Business Days after UOB receives your enquiries.
Terms & Conditions
If you have any existing credit facilities with us, please contact your Relationship Manager, or apply for BG online via UOB SME online.
Terms and conditions apply.
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