UOB eBusiness Account
Manage your business finances with UOB eBusiness account. With zero account fees* for the first 12 months, plus a debit card that comes with 3-year annual fee waiver to help you save on day-to-day business costs.
Learn MoreGUIDES & INSIGHTS
CALCULATOR
UOB BizMoney
Boost your business cash flow with our preferential interest rate of 7.88% p.a.* available for a limited period only.
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UOB Trade Services
Stack up your trade financial savings when you submit new trade bills to enjoy up to S$350 vouchers*.
Learn moreRESOURCES
UOB Business Insurance
Protect your key business assets and resources with our suite of business insurance solutions.
Find out moreFOREIGN EXCHANGE
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More savings on your business transactions
Attractive Telegraphic Transfer rates
Preferential commission charges on Outward Telegraphic Transfer1 at 1/16%, min. S$10, max. S$50.
1Standard cable and/or agent fees apply
No annual or monthly fees
Designed to help you save.
Minimum average daily balance
Maintain average daily balance of S$50,000.
Minimum balance waived for first 2 months of account opening^.
Additional Features
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Feature
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Description
| Feature | Description |
| Bank anytime online | Free access to UOB SME app or online. |
| Bank 24/7 islandwide | Bank at your convenience at any ATM islandwide with your free UOB Corporate ATM card~ |
| Be notified | Receive free eAlerts! email notifications on your account |
| Feature |
| Bank anytime online |
| Bank 24/7 islandwide |
| Be notified |
Rates and fees
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Feature
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Details
| Feature | Details |
| Initial deposit | S$1,000 |
| Minimum average daily balance | S$50,000 |
| Monthly fall-below fee | S$50 (for average daily balance below S$50,000. Minimum balance waived for first 2 months of account opening^). ^Applicable to NEW accounts opened from 1 April 2021 onwards. |
| Cheque clearing fee | S$0.75 per cheque |
| Early closure fee | S$50 (for closure within 12 months of account opening) |
| Over-the-counter cash deposit or withdrawal fee | S$20 per transaction |
| Feature |
| Initial deposit |
| Minimum average daily balance |
| Monthly fall-below fee |
| Cheque clearing fee |
| Early closure fee |
| Over-the-counter cash deposit or withdrawal fee |
Requirements
Sole Proprietor
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
Partnership
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
Limited Liability Partnership
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
Private Limited
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
Society / Club / Association / Clan
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 appropriate Registrar OR Government Gazette listing
- FATCA Self Certification or IRS Withholding Certificate
Visit any branch or leave your contact details for more information on other incorporation (including companies incorporated outside of Singapore) types
Accounts opening Terms & Conditions
Important Notice:
Enjoy more benefits with UOB BizTransact Account w.e.f. 1 April 2021. For details, please click here.
With effect from 1 October 2021, the account early closure fees for the UOB BizTransact Account will be revised. Click here for more information.
2Note:
- 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.
Terms & Conditions Governing the UOB BizTransact Account
Terms & Conditions Governing Accounts & Services
Additional Terms & Conditions Governing Accounts & Services
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).
Disclaimer
~ Terms and conditions of the UOB Business Debit Card apply.
1Standard cable and/or agent fees 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.
Advisory from the Singapore Police Force
Your bank account should be for your own use and you are responsible for all transactions made through your bank account.
Please click here for the full Advisory from the Singapore Police Force – Warning.
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UOB BizSmart
Go digital, grow faster.
Spend less time managing invoices, employees, and inventory with easy-to-use digital solutions.
- Balance your accounts easily
- Streamline payroll and scheduling
- Track inventory across locations
Accounts & Transact
UOB BizGlobal Account
Save more with US$38 outward telegraphic transfer fees and low trade financing fees.
- Best for businesses with cross border trade
- Earn 0.18% p.a. on your USD deposits from the first dollar
- US$38 flat fee, including cable charges, for each Outward Telegraphic Transfer transaction via UOB SME app or online
- Preferential rates for trade finance transactions
Invest & FX
Foreign Exchange
Trade with confidence by leveraging our competitive rates and dedicated services.
- Access FX specialists to manage risk
- No remittance fees on selected currencies
- Competitive FX rates
- Book FX online and enjoy preferential rates
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