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UOB BizTransact Account

UOB BizTransact Account

Save more than S$2,500 per annum with 300 free outgoing FAST and 300 free GIRO Payment and Collection transactions per month. 

More savings on your business transactions

Free FAST transactions

Free FAST transactions

S$0.50 rebate per transaction on up to 300 outgoing FAST/PayNow FAST transactions per month via UOB SME app or online.

Free GIRO transactions

Free GIRO transactions

100% rebate on Bulk GIRO Payroll transaction charges via UOB SME app or online.

$0.20 rebate per transaction on up to 300 GIRO Payment and Collection transactions per month via UOB SME app or online.

Attractive Telegraphic Transfer rates

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

Free monthly subscription

Free monthly subscription

For payroll, payments, and collection bulk services via UOB SME app or online.
Registration to UOB SME app or online and subscription to Bulk Services are required.

No annual or monthly fees

No annual or monthly fees

Designed to help you save.

Minimum average daily balance

Minimum average daily balance

Maintain average daily balance of S$50,000.
Minimum balance waived for first 2 months of account opening^.

Requirements

Sole Proprietor
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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 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

Ready to apply? Get your account in less than 5 minutes.2

Ready to apply?
Complete your submission in just 5 minutes.2

    Accounts opening Terms & Conditions
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    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 (Non-Individual Customers)
    Additional Terms & Conditions Governing Accounts & Services (Non-Individual Customers)

    We have updated clause 11 of the 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.

    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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