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eBusiness Account

UOB eBusiness Account

Save more than S$500 per annum with 60 free outgoing FAST and 60 free GIRO transactions via UOB Infinity per month.

Get up and running fast

Free FAST transactions

Free FAST transactions

S$0.50 rebate per transaction on up to 60 outgoing FAST/PayNow FAST transactions per month via UOB Infinity (digital banking for business).

Free bulk GIRO transactions

Free bulk GIRO transactions

100% rebates for Bulk Payroll fees via UOB Infinity (digital banking for business).

S$0.20 rebate per transaction on up to 60 GIRO Payment and Collection transactions per month via UOB Infinity (digital banking for business).

12 months fall-below fee waiver

12 months fall-below fee waiver

Minimum balance waived for first 12 months of account opening~
~Including the month of account opening

Free monthly subscription

Free monthly subscription

For payroll, payments, and collection bulk services via UOB Infinity (digital banking for business).
Registration to UOB Infinity and subscription to Bulk Services are required

Low annual fee of S$35

Low annual fee of S$35

So you can focus on running your business.

Low minimum average daily balance

Low minimum average daily balance

Minimum average daily balance of S$5,000.

Additional Features

  • Feature
  • Description
Feature Description
Bank anytime online Free access to UOB Infinity (Registration to UOB Infinity is required)
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

  • Feature
  • Details
Feature Details
Annual account fee S$35 (w.e.f 1 January 2020)
Minimum Average Daily Balance S$5,000
Minimum initial deposit S$1,000
Monthly fall-below fee S$15 (for average daily balance below S$5,000. Minimum balance waived for first 12 months of account opening^). ^Applicable to NEW accounts opened from 1 April 2021 onwards.
Over-the-counter cash deposit or withdrawal fee S$20 per transaction
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 & Withdrawal S$20 per transaction
Feature
Annual account fee
Minimum Average Daily Balance
Minimum initial deposit
Monthly fall-below fee
Over-the-counter cash deposit or withdrawal fee
Cheque clearing fee
Early closure fee
Over-the-Counter Cash Deposit & Withdrawal
Note: For Foreign Incorporated Companies, Account Setup Fee of minimum S$500 applies.

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 approriate 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? Complete your submission in just 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 eBusiness 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 eBusiness 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 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

    Terms & Conditions Governing the UOB eBusiness Account
    Terms & Conditions Governing Accounts & Services
    Additional Terms & Conditions Governing Accounts & Services

     

    Disclaimer

    ~ Terms and conditions of the UOB Business Debit Card apply.

    "The business account with the lowest account fees" is based on data as of 30 September 2021.

     

    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.

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