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Corporate Current Account

Corporate Current Account

An everyday account for your business needs.

Terms and Conditions for BizTransact Account has been updated on 10 Feb 2025.

Benefits

Low initial deposit

Low initial deposit

Enjoy low initial deposit of S$1,000.

Free Corporate ATM Card

Free Corporate ATM Card

ATM card with NETS for payments and cash withdrawals at any UOB ATM islandwide.

Ease of managing accounts

Ease of managing accounts

Bank on the go with UOB Infinity or UOB SME app and receive notifications with UOB eAlerts!

Rates & fees

  • Types of fees
  • Amount
Types of fees Amount
Initial deposit S$1,000
Minimum average daily balance S$10,000
Monthly fall-below fee S$35 (for average daily balance below S$10,000)
Early closure fee S$50 (for closure within 6 months of account opening)
Annual account fee S$35
Over-the-counter cash deposit & withdrawal S$5 per OTC cash deposit / withdrawal
Types of fees
Initial deposit
Minimum average daily balance
Monthly fall-below fee
Early closure fee
Annual account fee
Over-the-counter cash deposit & withdrawal

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

Requirements

Sole Proprietor
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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.

Note: Visit our Forms page to download the detailed checklist of documents required. Hardcopy application forms can also be downloaded for submission if you do not wish to apply online.

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.

Note: Visit our Forms page to download the detailed checklist of documents required. Hardcopy application forms can also be downloaded for submission if you do not wish to apply online.

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.

Note: Visit our Forms page to download the detailed checklist of documents required. Hardcopy application forms can also be downloaded for submission if you do not wish to apply online.

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 appropriate Registrar OR Government Gazette listing
  • FATCA Self Certification or IRS Withholding Certificate


Note: Visit our Forms page to download the detailed checklist of documents and application form required for submission.

Checklist of documents required for Foreign Incorporated Company:

  • Account Opening Form
  • Identity documents of all approved persons and signatories
  • Proof of Residential Address (For Foreigners)
  • Account Opening Resolution
  • Certification of Incorporation or equivalent document
  • Memorandum & Articles of Association or equivalent document
  • FATCA Self Certification or IRS Withholding Certificate*


* Mandatory document for declaration of U.S or Non U.S. persons

Note: Visit our Forms page to download the detailed checklist of documents and application form required for submission.

Checklist of documents required for Professional Practice:

  • Account Opening Form
  • Identity documents of all approved persons and signatories
  • Proof of Residential Address (For Foreigners)
  • Original Professional Practicing Certificate
  • Memorandum & Articles of Association
  • FATCA Self Certification or IRS Withholding Certificate*


* Mandatory document for declaration of U.S or Non U.S. persons

Note: Visit our Forms page to download the detailed checklist of documents and application form required for submission.

Checklist of documents required for Management Corporation Strata Title (MCST)

  • Account Opening Form
  • Identity documents of all approved persons and signatories
  • Proof of Residential Address (For Foreigners)
  • Account Opening Resolution
  • Minutes of Meeting of Management Corporation (in respect of the appointment of office bearers) or Letter from Ministry of National Development (Building & Construction Authority)
  • Certificate of Constitution of Management Corporation
  • FATCA Self Certification or IRS Withholding Certificate*


* Mandatory document for declaration of U.S or Non U.S. persons

Note: Visit our Forms page to download the detailed checklist of documents and application form required for submission.

Ready to apply?1

Ready to apply?1

Note: For account opening at our branches, please bring along the completed account opening form and necessary documents. Visit our Forms page to download the detailed checklist of documents and application form required for submission.

Additional information

Terms & Conditions
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Your bank account should be for your own use and you are responsible for all transactions made through your bank account.

Please click here for the full Advisory from the Singapore Police Force – Warning.

1Note

  • 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 5.

  • 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.

SDIC

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$100,000 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.

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