Earn cash bonus of up to S$2,000 when you open a business account online, deposit fresh funds and make qualifying transactions.
New UOB Customers will receive a welcome cash bonus of S$50!
How it works:
Open a UOB Business Account by
30 November 2020.
Deposit and maintain fresh funds in the account. Every S$100,000 deposited will earn you a S$50 cash bonus.
Plus, receive a S$50 welcome cash bonus if you are new to UOB.
For every S$100,000 deposited, earn an additional S$10 cash bonus for each of these 3 qualifying transactions, up to S$30 cash bonus:
Receive at least S$10,000 inward GIRO and/or PayNow collections for 2 months*
Receive at least S$10,000 inward Remittances for 2 months*
Receive at least S$10,000 in receipts for 2 months* in the UOB designated account under UOB Merchant Services
* Defined as 2 consecutive months from the last day of the Participation Period.
Here is an example of how much cash bonus you will receive if you are new customer of UOB and open an account with us from 1 October to 30 November 2020.
If you deposit S$200,000 in fresh funds and maintain this this amount during the Promotion Period:
|Cash bonus earned on S$200,000 deposit||= (S$200,000/S$100,000) x S$50 = S$100|
|Welcome cash bonus for new UOB customer||= S$50|
Your cash bonus will be increased when you make any of the qualifying transactions:
|Cash bonus earned with 3 qualifying transactions||= (S$200,000/S$100,000) x (3 X S$10) = S$60|
Total cash bonus earned = S$210
Business accounts can be opened and topped up over two participating periods. The corresponding periods where topped-up balances will need to be consistently maintained are reflected in the table below:
Open and top up new business account(s) by
Maintain the top-up account balance consistently in the month-end of
|1 October – 31 October 2020||31 October 2020, 30 November 2020, 31 December 2020|
|1 November – 30 November 2020||30 November 2020, 31 December 2020, 31 January 2021|
Maximum cash bonus to be earned from this promotion is S$2,000 per account. For qualified customers, the crediting of cash bonus will be fulfilled within 2 months from 31 January 2021.
*Terms and Conditions Governing UOB Business Banking Perfect 10 Promotion (the “Promotion”) for New Customers apply. Depending on the currency of the account (S$ or US$), the amounts without any currency symbol indicated above shall be expressed to be in that currency. Click here for full information.
Setup your business account instantly^ when you apply online with MyInfo Business. With pre-filled fields, you can now submit your application anytime, anywhere.
Fast application in just 5 minutes, no branch visit required^
Online form gets pre-filled by retrieving your details via MyInfo Business
Get notified on your new account number upon instant account opening
To apply for a business account you will require:
UOB eBusiness Account
UOB BizTransact Account
UOB SGD Current Account
UOB Global Currency
Extensive Branch Network
Over 50 branches and 1200 ATMs island-wide
8am - 8pm, Mon - Sat, excl. Public Holidays
The Asian Banker
The International Excellence in Retail Financial Services Awards 2020
Awards for Excellence 2020
~UOB Promotion (FAST and PayNow FAST Transfers) Terms & Conditions apply. Click here for more information. Rebates are not applicable to Bulk, Recurring, & Post-Dated FAST transactions.
#Standard cable and/or agent fees apply.
Terms and conditions Governing the UOB eBusiness Account, UOB BizTransact Account, UOB SGD Current Account and UOB Global Currency Account apply.
Terms & Conditions Governing Accounts & Services and Additional Terms & Conditions Governing Accounts & Services 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.