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COMMERCIAL BANKINGCORPORATE AND INSTITUTIONAL BANKINGFOREIGN DIRECT INVESTMENTUOB ASEAN INSIGHTSINDUSTRY INSIGHTSSUSTAINABLE FINANCINGAbout UOB
UOB GroupUOB BRANCH ONLINE SERVICESUOB TECH START-UP ECOSYSTEMUOB Group Subsidiaries
UOB ASSET MANAGEMENTUNITED OVERSEAS INSURANCEUOB TRAVEL PLANNERSUOB VENTURE MANAGEMENTUOB GLOBAL CAPITAL -
Earn interest and save on your USD trade transactions
Earn interest
Get 0.18% p.a. on your USD deposits from the first dollar.
Free Inward Telegraphic Transfers
Waiver of Inward Telegraphic Transfer fees.
Preferential fees for Telegraphic Transfers
US$38, including cable charges, for each Outward Telegraphic Transfer transaction via UOB Infinity (digital banking for business).
Save on Trade Transactions
Enjoy as low as 1/24%1 on your Export Letter of Credit negotiation fees, plus waiver on trade commission-in-lieu of exchange fee.
Preferential rate for Trade Financing
Preferential discounting rate2 for Export Letter of Credit.
Stay updated
Waiver on MT103 copy subscription fees on UOB Infinity (digital banking for business).
Waiver on fees for Cash and Trade eAlerts (SMS and email).3
Rates and fees
-
Feature
-
Details
| Feature | Details |
| Initial deposit | US$1,000 |
| Minimum average daily balance | US$80,000 |
| Monthly fall-below fee | US$80 (waived for account opening month and subsequent 1 month) |
| Early closure fee | S$50 or equivalent (for closure within 12 months of account opening) |
| Feature |
| Initial deposit |
| Minimum average daily balance |
| Monthly fall-below fee |
| Early closure fee |
Requirements
Am I eligible to apply?
The BizGlobal account is open to:
- Singapore incorporated companies
- Foreign incorporated companies
- Societies, Clubs, Associations, Clans
What documents do I need to provide?
Required Documents
- Account Opening Form
- 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 (Sole Proprietor)
- ACRA Business Profile Search
Additional Documents (Partnership / Limited Liability Partnership)
- ACRA Business Profile Search
- Account Opening Resolution
- Certified True Copy of Partnership Deed
Additional Documents (Private Limited)
- ACRA Business Profile Search
- Account Opening Resolution
- Certified True Copy of Partnership Deed
- Common Reporting Standard Form
Additional Documents (Society / Club / Association / Clan)
- Account Opening Resolution
- Certified True Copy of Partnership Deed
- Common Reporting Standard Form
- Rules and By-Laws of Clubs / Constitution of Club / Clan
- Certificate of Registration from ROS / Approval from appropriate Registrar / Government Gazette listing
Additional information
Important Notice:
With effect from 5 September 2022, the interest rates for BizGlobal accounts will be revised from 0.08% to 0.18%.
With effect from 1 October 2021, the account early closure fees for the UOB BizGlobal Account will be revised. Click here for more information.
Accounts opening Terms & Conditions
4Note:
- This service is currently only applicable to Singapore registered Sole Proprietor, Partnership and Private Limited Companies fully owned by individuals (i) Singapore Citizens or (ii) Permanent Resident. For Private Limited Companies, the directors must be also the approved signatories and approved persons of the company, not exceeding 5.
- Applications must be submitted between 8.30am – 9pm to have the account opened instantly. Applications received outside these timings will be processed on the next working day.
- Applications submitted through this service are subject to approval by UOB Bank and the bank reserves the right to request for additional documents to support the account opening.
Disclaimers/Terms & Conditions
Terms & Conditions Governing the UOB BizGlobal Account
Terms & Conditions Governing Accounts & Services
Additional Terms & Conditions Governing Accounts & Services
Terms and Conditions For Handling of Documents Under Letter of Credit
With effect from 1 Jan 2023, we will be updating clauses 16, 18, 26 of the Terms & Conditions Governing Accounts & Services (Non-Individual Customers) and clause B of Additional Terms & Conditions Governing Accounts & Services (Non-Individual Customers).
1 As low as 1/24% (for documents sent without checking); 1/16% (for documents sent with checking). Minimum SGD 75 per bill applies.
2 Preferential rate to be offered by the Bank is on a selective basis and subject to prevailing terms and conditions. Minimum USD 200 per bill applies. For more information, please contact your Trade Sales representative.
3 To enjoy the waiver of Cash eAlerts via SMS, the BizGlobal account has to be designated as the eAlerts! billing account.
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UOB BizSmart
Spend less time managing invoices, employees, and inventory with easy-to-use digital solutions.
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Accounts & Transact
UOB BizTransact Account
Save more than S$2,500 yearly on FAST and GIRO transaction fees.
- Best for established businesses
- 300 free outgoing FAST/PayNow and 300 free GIRO Payment and collection transactions per month
- No monthly or annual account fee
- Minimum average daily balance of S$50,000
Trade
Trade Services
Capitalise on your trade opportunities, all while managing cross-border risk.
- Finance your imports and exports
- Secure Letters of Credit
- Access dedicated Trade Counters
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