Earn double cash bonus of up to $1,288 when you open a business account online, deposit fresh funds and make qualifying transactions.
How it works:
Open a UOB Business Account by 30 September 2020
Earn cash bonus when you top up and maintain fresh funds of at least $30,000
- The first incremental $30,000 top up will earn you $25 cash bonus
- Subsequently, every incremental $50,000 top up will earn you $25 cash bonus
Double your cash bonus to $50 for each incremental top up tier when you perform any 2 of the following qualifying transactions:
- Book a FX contract of at least S$20,000 (or its foreign currency equivalent)
- Any GIRO payment or collection
- At least 2 OTT/ITT transactions
- Incoming or outgoing PayNow Corporate transactions of at least S$10,000
New UOB Customers will receive an additional welcome cash bonus of $38!
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 15 July to 30 September 2020.
If you top up $180,000 and consistently maintain the top-up account balance:
|First $30,000 top up||= $25|
|Remaining $150,000 top up||= ($150,000/$50,000) x $25 = $75|
|Top-up cash bonus earned||= $100|
Your cash bonus will be doubled when you make 2 qualifying transactions:
|First $30,000 top up||= $50|
|Remaining $150,000 top up||= ($150,000/$50,000) x $50= $150|
|Double cash bonus earned||= $200|
Welcome cash bonus for new UOB customers = $38
Total cash bonus earned = $238
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
|15 July – 31 August 2020||31 August 2020, 30 September 2020, 31 October 2020|
|1 September – 30 September 2020||30 September 2020, 31 October 2020, 30 November 2020|
Maximum cash bonus to be earned from this promotion is $1,288 per account. For qualified customers, the crediting of cash bonus will be fulfilled within 2 months from 30 November 2020.
*Terms and Conditions Governing UOB Business Banking Unity Promotion (the “Promotion”) for New Customers apply. Depending on the currency of the account (S$ 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
~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.