eBusiness Account

  • ebusinessebusiness

     

     

     

    Earn cash bonus with a UOB Business Account

    Simply open a business account, top up fresh funds of minimum S100,000 and make qualifying transactions.

    Apply Now

    *Terms and conditions apply.
    SGD deposits are insured up to S$75k by SDIC.

Earn up to S$2,000 cash bonus

Boost your business savings with UOB Business Account. Simply apply for an account, deposit fresh funds and make qualifying transactions. Follow the steps below to earn cash bonus of up to $2,000.

Step 1 Step 2 Step 3
Open a new UOB business account from 1 April 2021 to 31 May 2021.

For existing customers:

To participate in the UOB Business Banking Power Up Promotion, register online at uob.com.sg/bbsme.
Deposit a minimum of S$100,000 in a UOB business account from 1 April 2021 to 31 May 2021 and maintain these funds till 31 August 2021. Perform any of these qualifying transactions from 1 June 2021 to 31 August 2021 to qualify for the promotion.
  • Book a FX contract of at least S$20,000 (or its foreign currency equivalent)
  • Receive at least 2 inward remittance
  • Receive at least 2 inward GIROs
  • Receive at least 2 incoming PayNow transactions

Here is an example of how much cash bonus you will receive if you are a new customer of UOB and open an account with us from 1 April 2021 – 31 May 2021:

If you deposit S$200,000 fresh funds, perform any of the qualifying transactions as stated above and maintain this amount till 31 August 2021:

Cash Bonus earned on S$200,000 deposit with any qualifying transaction = (S$200,000/S$100,000) x S$80 =S$160 Total cash bonus = S$260

The maximum cash bonus to be earned from this promotion is S$2,000 per account
Welcome cash bonus for new UOB Customer = S$50
Deposit funds before 30 April and maintain till 31 August 2021 =S$50

 

The period where topped-up balances will need to be consistently maintained is reflected in the table below:

Participation Period

Open and top up new business account between
Promotion Period

Maintain the top-up account balance throughout each of the periods ending on the key dates of
1 April 2021 – 31 May 2021 31 May 2021, 30 Jun 2021, 31 July 2021, 31 Aug 2021

^Terms and Conditions Governing UOB Business Banking Power Up Promotion (the “Promotion”). For new customers, visit uob.com.sg/smeQ2new and for existing customers, visit uob.com.sg/smeQ2 for more information.

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.

United Overseas Bank Limited Co. Reg. No. 193500026Z

Benefits

UOB eBusiness Account offers you a suite of banking services so that you can manage your business anytime, anywhere.

Enjoy more benefits with UOB eBusiness Account w.e.f. 1 April 2021. For details, please click here.

Low Minimum Balance

Low Minimum Balance

Minimum average daily balance of S$5,000 only.

Free Access to UOB Infinity (digital banking for business)

Free Access to UOB Infinity (digital banking for business)

Waiver of monthly subscription for Bulk Services.

Free FAST transactions

Free FAST transactions

$0.50 rebate per transaction on up to 60 outgoing FAST/PayNow FAST transactions* per month via UOB Infinity.

Free Bulk GIRO Payroll transactions

Free Bulk GIRO Payroll transactions

100% rebates on Bulk Payroll  transaction charges via UOB Infinity.

 

$0.20 rebate per transaction on up to 60 GIRO Payment & Collection transactions per month via UOB Infinity.

Round-the-clock banking convenience

Round-the-clock banking convenience

Bank at your convenience at any ATM islandwide with free UOB Corporate ATM card. Receive free eAlerts! email notifications on your account.

Enjoy S$100 fee waiver when you apply for UOB Express Banker's Guarantee

Enjoy S$100 fee waiver when you apply for UOB Express Banker's Guarantee

Find out more
Free Trial of UOB BizSmart Digital Solution

Free Trial of UOB BizSmart Digital Solution

Manage your business on a single platform by digitalising core processes such as invoicing, HR and accounting. With UOB BizSmart, you can import bank account feeds for automatic reconciliation and provide faster payment options to customers via PayNow QR or NETS PayCollect.

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.

 

Learn more

Features and Pricing

  • Annual Account Fee: $35 (wef 1 Jan 2020)
  • Minimum Initial Deposit: S$1,000
  • Minimum Balance: $5,000
  • Monthly Fall Below Fee: S$15 (Waived for the month of account opening and subsequent 11 months. For NEW accounts opened from 1 April 2021)
  • UOB Infinity (digital banking for business) with Bulk Functionalities: FREE
  • Bulk Payroll Transactions: FREE
  • GIRO transactions: 100% rebate will apply for up to 60 GIRO Payment & Collection transactions per month via UOB Infinity with effect from 1 April 2021.
  • Transaction alerts on email (eAlerts): FREE
  • FAST transaction fee: Rebates~ for up to 60 outgoing single FAST/PayNow FAST transactions per month via UOB Infinity.
    ~Rebates are not applicable to Bulk, Recurring, & Post-Dated FAST transactions.
  • Over-the-counter cash deposit and withdrawal fee: S$20 per transaction
  • Cheque clearing charges: $0.75 per cheque
  • Early closure fee: S$30 (for closure within 6 months)

Note: For Foreign Incorporated Companies, Account Setup Fee of minimum S$500 applies.

Instant Account Opening^

Setup your business account instantly^ when you apply online with MyInfo Business. With pre-filled fields, you can now submit your application anytime, anywhere.

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

Instant Account Opening^

Get notified on your new account number upon instant account opening

 

^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 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

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

Faster sign-up for Google My Business

Faster sign-up for Google My Business

Enhance your business profile on Google Search and Maps to attract more customers. Get on Google My Business (for free!) the faster and easier way with UOB.

 

Learn more

Requirements

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

Important Notice: With effect from 1 May 2021, the Terms & Conditions Governing Accounts & Services (Non-Individual Customers) will be revised with updates to Clause 11 & Clause 35. For details on the revised clause, please refer to Terms & Conditions Governing Accounts & Services (effective from 1 May 2021).

UOB BizSmart important notes and disclaimers apply. Visit uob.com.sg/bizsmart for full details. 

^Terms and conditions governing the UOB eBusiness Account and the UOB Business Debit Cardmember Agreement 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.

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