We are welcoming the new year with hongbaos for our SME customers. Open a UOB Business Account with fresh funds and start transacting to be rewarded!
T&Cs apply. Insured up to S$75K by SDIC.
With MyInfo Business, you can apply online in just 5 minutes. Our SGD accounts come with free FAST transfers and lower online transaction fees.
Kick off the brand new year on a bull run in our Hongbao Giveaway with a total of $108,880 in cash bonus to be given out!
Follow the steps below to collect hongbaos to earn a cash bonus of up to $1,088.
Open a UOB Business Account by
28 February 2021.
Deposit fresh funds into the account by
28 February 2021 and maintain it until
30 April 2021
$ Every $100,000 deposited will earn you
1 hongbao
Perform these qualifying transactions from 1 February 2021 to 30 April 2021 to earn 1 hongbao for each type of transaction, up to a maximum of 3 hongbaos
$ Receive an inward GIRO
$ Receive an inward PayNow transaction
$ Receive an inward telegraphic transfer
How to qualify for more hongbaos
$ Top up fresh funds by 31 January 2021 and maintain it until 30 April 2021 to receive 2 additional hongbaos.
$ If you are new to UOB, we welcome you with another 2 additional hongbaos.
A total of $108,880 in cash bonuses are to be given out across 4 tiers of qualifying customers. At the end of the promotion, payouts will be allocated according to these criteria:
| Tier | No. of Customers Qualified | Value of Each Payout | Minimum Number of Hongbaos Required* |
| 1 | 3 | $1,088 | 20 |
| 2 | 10 | $388 | 8 |
| 3 | 500 | $108 | 2 |
| 4 | 702 | $68 | 1 |
*The customer must have collected the required number of hongbaos to qualify for the respective tier.
Payouts in the form of cash bonuses will be awarded to customers who have collected the most number of hongbaos. If a customer is not one of the top qualifiers in the relevant tier, they will be considered for the subsequent tier until all payouts have been allocated. In the event of a tie, the customer with the higher deposit amount throughout the key dates, i.e. 28 February 2021, 31 March 2021 and 30 April 2021 will be prioritized to receive a payout in the relevant tier.
Calculations will be computed internally. All dollar amounts are stated in SGD.
Here is an example of how many hongbaos you will receive if you are a new customer of UOB and open an account with us between 4 January and 28 February 2021.
If you deposit $200,000 in fresh funds and maintain this amount throughout the promotion period:
| Reward for topping up fresh funds | ($200,000 / $100,000) -> 2 hongbaos |
| Reward for completing all 3 qualifying transactions | 3 hongbaos |
| Reward for new UOB customers | 2 hongbaos |
Earn 2 additional hongbaos when you complete your top-up by 31 January 2021 and maintain the funds till 30 April 2021.
A total of 9 hongbaos will qualify you to earn a cash bonus of up to $388!
Business accounts can be opened and topped up over the participation period. The corresponding 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 by |
Promotion Period Maintain the top-up account balance throughout each of the periods ending on the key dates of |
| 4 January to 28 February 2021 | 28 February 2021, 31 March 2021, 30 April 2021 |
Maximum cash bonus to be earned from this promotion is $1,088 per customer.
*Terms and Conditions Governing UOB Business Banking CNY Hongbao Giveaway Promotion (the “Promotion”) for New Customers apply. 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:
^Notes:
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UOB eBusiness Account
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UOB BizTransact Account
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UOB SGD Current Account
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UOB Global Currency
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~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.
