UOB BizTransact Account

  • UOB BizTransact AccountUOB BizTransact Account

    Build up cash bonus with UOB BizTransact Account

    Simply open a UOB BizTransact Account and be rewarded with up to S$2,020 cash bonus* when you deposit and maintain fresh funds.

    Apply now

Promotion

 

Step 1:

Open a UOB Business Account by 31 December 2019

Step 2:

Top up and maintain the top-up account balance to earn cash bonus

 

Early Bird Bonus:

Customers who open an account by 30 November 2019, top up and maintain at least S$250,000 fresh funds get additional S$200 cash bonus

Step 3:

Get additional cash bonus when you perform any of the transactions on your account:

  • Any Outgoing Giro Payments
  • Incoming or Outgoing PayNow Corporate transactions of at least S$10,000
  • Book a FX Contract of at least S$20,000 (or its foreign currency equivalent)

 

Cash Bonus Top-Up Reward Table

 

Top-Up Account Balance Tier Top-Up Reward Transaction Reward
(Perform any of the GIRO or PayNow Corporate transactions as indicated above)
FX Reward
(Book an FX Contract of at least S$20,000 as indicated above)
Early Bird Bonus
(For customers who open an account by 30 November 2019, top up and maintain at least S$250,000 fresh funds)
S$100,000 - S$249,999 S$120 S$60 S$60 -
S$250,000 - S$499,999 S$280 S$200
S$500,000 - S$999,999 S$700
S$1,000,000 and above S$1,700

Business accounts that are opened and topped up within the participation period will need to maintain the top-up account balance consistently as indicated below:

Participation Period
Open and top up new business account by
Promotion Period
Maintain the top-up account balance consistently in the month-end of
14 October 2019 - 30 November 2019 30 November 2019, 31 December 2019, 31 January 2020
1 December 2019 - 31 December 2019 31 December 2019, 31 January 2020, 29 February 2020

*Terms and Conditions Governing UOB Business Banking 2020 Cash Bonus Promotion (the "Promotion") for New Customers apply. Click here for more information.

Benefits

No Account Fees^ and Waiver of Fall Below Fee

No Account Fees^ and Waiver of Fall Below Fee

Fall below fee waiver for month of account opening and the subsequent month

Free FAST transactions

Free FAST transactions

100% rebate on first 80 outgoing single FAST/PayNow FAST transactions+ per month via BIBPlus

Free Bulk GIRO Payroll transactions

Free Bulk GIRO Payroll transactions

100% rebate on bulk GIRO payroll transaction charges via BIBPlus

Lower Outward Telegraphic Transfers (OTT) charges

Lower Outward Telegraphic Transfers (OTT) charges

50% off commission charges on OTT~ via BIBPlus

Rebates on Bulk GIRO Payment and Collection Transaction

Rebates on Bulk GIRO Payment and Collection Transaction

S$0.20 rebate per transaction on up to 80 bulk GIRO Payment and Collection transactions per month via BIBPlus

Free Access to Online Banking

Free Access to Online Banking

Waiver of monthly subscription for Business Internet Banking Plus (BIBPlus) Bulk Services.

 

From now until 31 Dec 2019, enjoy waiver of up to
2 free BIBPlus tokens for new BIBPlus registrations.

Digitalise your business operations at zero cost

Digitalise your business operations at zero cost

Get free access to UOB BizSmart digital business operation tools.

Dedicated Support from FX Specialists

Dedicated Support from FX Specialists

To facilitate cross-border transactions, UOB FX specialists support you in managing foreign exchange risks. Receive up to S$500 of cash rebates on OTT when you book new FX contracts. T&Cs apply.

Learn more

 

+ Rebates are not applicable to Bulk, Recurring and Post-Dated FAST transactions

~ Commission capped at S$50. Standard cable and/or agent fees apply.

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
(Waived for account opening month and subsequent first month.)
S$200
(for closure within 12 months)
Waived for the first 30 cheques per month. Subsequent cheques at S$0.75 each

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

Why choose UOB

Banking convenience

Banking convenience

Extensive Branch Network

Over 50 branches and 1200 ATMs island-wide

Dedicated Business Banking Hotline (12 Hours)

Dedicated Business Banking Hotline (12 Hours)

6259 8188

8am - 8pm, Mon - Sat, excl. Public Holidays

Best SME Bank in Singapore and Asia Pacific 2019

Best SME Bank in Singapore and Asia Pacific 2019

The Asian Banker

The International Excellence in Retail Financial Services Awards

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.

^ 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.