A rewarding way to run your business
Earn up to $2,000 cash bonus* when you open a UOB Business account, deposit fresh funds and make qualifying transactions.
Find out more
CALCULATOR
Enjoy preferential trade financing interest rates and receive a limited edition gold bar* with the UOB trading facility
Learn moreRESOURCES
Your employees will thank you
Discover ways to keep your employees engaged and increase staff productivity.
Find out moreFOREIGN EXCHANGE
Be rewarded for your business FX transactions
Earn up to $300 cash rewards and a limited edition 1g UOB 999 pure gold bar
Find out moreRESOURCES
Start Digital
Sign up for any two solutions at no cost for 6 months* under the Start Digital Pack.
*T&Cs apply.
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Get up and running fast
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
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
Minimum balance waived for first 12 months of account opening~
~Including the month of account opening
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
So you can focus on running your business.
Low minimum average daily balance
Minimum average daily balance of S$5,000.
Additional Features
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Feature
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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
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Feature
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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 |
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 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
Accounts opening Terms & Conditions
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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Accounts & Transact
UOB BizTransact Account
Save more than S$2,500 yearly on FAST and GIRO transaction fees.
- Best for established businesses
- 300 free outgoing FAST/Paynow and 300 free GIRO Payment and collection transactions per month
- No monthly or annual account fee
- Minimum average daily balance of S$50,000
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
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 0.08% 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 Infinity (digital banking for business)
- Preferential rates for trade finance transactions
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