HomeAccounts & TransactBizGlobal Account
UOB BizGlobal Account

UOB BizGlobal Account

Save more with US$38 outward telegraphic transfer fees and low trade financing fees.

Earn interest and save on your USD trade transactions

Earn interest

Earn interest

Get 0.08% p.a. on your USD deposits from the first dollar.

Free Inward Telegraphic Transfers

Free Inward Telegraphic Transfers

Waiver of Inward Telegraphic Transfer fees.

Preferential fees for Telegraphic Transfers

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

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 rate for Trade Financing

Preferential discounting rate2 for Export Letter of Credit.

Stay updated

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?
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The BizGlobal account is open to:

  • Singapore incorporated companies
  • Foreign incorporated companies
  • Societies, Clubs, Associations, Clans

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 approriate Registrar / Government Gazette listing

Ready to apply? Complete your submission in just 5 minutes.4

Ready to apply?
Complete your submission in just 5 minutes.4

    Additional information
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    Important Notice:

    With effect from 3 August 2020, the interest rates for BizGlobal accounts will be revised. Click here for more information.

    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 2.
    • 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.

    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

    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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