UOB BizTransact Account

  • biztransactbiztransact

    Fresh beginnings with UOB BizTransact Account

    Open a new business account and be rewarded with up to S$400 worth of shopping vouchers* when you top up and maintain fresh funds.

    *T&Cs apply

    Apply now

Promotion

Receive up to S$400 worth of shopping vouchers with UOB business account

Simply place in fresh funds on your new UOB business account and maintain the balance till 31July 2019 to get shopping vouchers!

 

How it works
Step 1:

Step 1:

Open a UOB business account between 1 May 2019 to 31 May 2019

Step 2:

Step 2:

Top up at least S$100,000 by 31 May 2019 and maintain the balance till 31 July 2019



Step 3:

Step 3:

Get additional S$50 worth of shopping vouchers when you perform any of the transactions on your account:

  • Any Outgoing Giro Payments
  • 2 Outward Telegraphic Transfer (OTT) transactions
  • 2 Outgoing PayNow Corporate transactions

Top-Up Reward Table

Top-Up Account Balance Tier Top-Up Reward
Top up by 31 May 2019 and maintain the balance consistently in the periods ending 31 May 2019, 30 June 2019 and 31 July 2019
Transaction Reward
Perform any of the transactions as indicated above
S$100,000 – S$199,999 S$50 S$50
S$200,000 – S$299,999 S$150
S$300,000 and above S$350

Terms and Conditions Governing UOB Business Banking Spring Promotion for New Customers (“Promotion”) apply. Click here for more information

Benefits

Transaction savings

Transaction savings

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Convenient online banking

Convenient online banking

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  • 100 free cheques per month
  • Up to 50% rebate on outward remittance charges
  • 100% rebate on bulk payroll transactions sent via Business Internet Banking Plus (BIBPlus)
  • 50% rebate on bulk interbank GIRO transactions sent via BIBPlus
  • Waiver on monthly subscription of BIBPlus premium services
  • Preferential Foreign Exchange (FX) rates+ via the eFX platform on BIBPlus and FX Hotline
  • Manage your account anytime, anywhere on BIBPlus
  • Benefit from extended cut-off time for transactions via BIBPlus

    - Telegraphic Transfer to 4pm, on Value Date#

    - Payroll Request to 6pm, 1 working day before Value Date#

    - GIRO Transfer to 6pm, 1 working day before Value Date#

Ease of access

Ease of access

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Link to UOB Business Debit Card

Link to UOB Business Debit Card

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Link to UOB Corporate Deposit Card

Link to UOB Corporate Deposit Card

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  • Fulfil your business needs at any UOB branches islandwide
  • 24-hour access to more than 1,000 ATMs* and 160 Cash Deposit Machines
  • 24-hour access via BIBPlus
  • Enjoy 0.3% cash rebates^ on your transactions
  • Earn up to 20% SMART$ rebate^
  • A deposit-only card to deposit cash into the current account
  • No restrictions on the number of cards issued for each company account
  • No PIN or account number required when making deposit
  • No account balance is displayed on screen or receipt
  • More on UOB Corporate Deposit Card

Requirements and Fees

Checklist of documents required for Sole Proprietor

  • Account Opening Form
  • ACRA Business Profile Search
  • 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.


 Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types

Checklist of documents required for Partnership

  • Account Opening Form
  • ACRA Business Profile Search
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • FATCA Self Certification or IRS Withholding Certificate*
  • Account Opening Resolution
  • Certified True Copy of Partnership Deed

*Mandatory document for declaration of U.S. or Non U.S. persons.


Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types

Checklist of documents required for Limited Liability Partnership (LLP)

  • Account Opening Form
  • ACRA Business Profile Search
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • FATCA Self Certification or IRS Withholding Certificate*
  • Account Opening Resolution
  • Certified True Copy of Partnership Deed

*Mandatory document for declaration of U.S. or Non U.S. persons.


 Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types

Checklist of documents required for Private Limited Company

  • Account Opening Form
  • ACRA Business Profile Search
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • FATCA Self Certification or IRS Withholding Certificate*
  • Account Opening Resolution
  • Certified True Copy of Constitution
  • Common Reporting Standard Form

*Mandatory document for declaration of U.S. or Non U.S. persons.


 Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types

Checklist of documents required for Society / Club / Association / Clan

  • Account Opening Form
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • Account Opening Resolution
  • Rules and By-Laws of Clubs / Constitution of Club / Clan
  • Certificate of Registration from ROS OR Approval from approriate Registrar OR Government Gazette listing

*Mandatory document for declaration of U.S. or Non U.S. persons.


 Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types

 

Fees

 

Initial depositMinimum daily balanceFall-below feeEarly closure feeCheque clearing charges
S$1,000 S$80,000 S$80 S$200
(for closure within 12 months)
Waived for the first 100 cheques per month. Subsequent cheques at $0.75 each

Cheque clearing charges has been revised to $0.75 per cheque from 1st July 2018.

Faster Application Online

Our online application process has been enhanced to be fast, simple and secure with MyInfo Business. Enjoy less hassle as the form gets pre-filled and you can save time by skipping the branch visit.

Save time

Fast application in just 5 minutes, no branch visit required*

Secure and Simple

Online form gets pre-filled by retrieving your details via MyInfo Business

Faster Account Opening

Be notified of account status within
1 business day

*Notes:

  • 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 will be processed immediately and applicant(s) will be notified of the account status within 1 business 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

Disclaimer

+Preferential FX rate is applicable only for FX contracts amounts equivalent to S$20,000 and above, enquired via eFX platform or via our FX hotline.

#Value Date: For Telegraphic Transfer, it is the date when the Telegraphic Transfer payments are effected while for GIRO Transfer or salary crediting pursuant to a Payroll Request, it is the date falling one (1) day before the actual payment date is effected for the GIRO Transfer or, where applicable, the salary crediting pursuant to a Payroll Request. For example, for payments to be made on October 15 for Giro Transfer or Payroll Request, the Value Date is October 14 i.e. one (1) working day prior to the date when payees' receiving accounts will receive the funds. On October 14, the receiving accounts are credited at the Bank's end-of-day processing (which is around midnight). The receiving accounts can use the funds on October 15. The example given herein is merely for illustrative purposes and is not exhaustive in nature.

* Includes the Shared ATM Network

^ Terms and conditions of the UOB Business Debit Card 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$75,000 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.

For more information on the Deposit Insurance Scheme, please click here.