Remote opening - No visitng to Singapore
Bank interview, document submission and signature take place in either Hong Kong of mainland China.
As of 1 April 2020, the Singaporean banks of HSBC, DBS, OCBC, UOB, Standard Chartered, Citibank, Maybank, SMBC, MUFG, Bank of Singapore, UCO Bank and RHB support the remote personal account opening application in which the client can complete the account opening application in either Hong Kong or mainland China.
We are AsiaBC, your local guide to open Singapore international bank accounts by remote application in Hong Kong and mainland China. Since 2009, we have been offering business-supporting services to assist individuals and companies to open overseas bank accounts.
Foreigners or non-residents of Singapore can open their personal bank account in Singapore – the world-recognised international banking center – without residing in or traveling to the country. You can apply for international bank accounts in Singapore today.
With our selected prestigious international banks in Singapore for your option, you can complete the entire account opening application outside of Singapore, in either Hong Kong or mainland China where the Singapore banks have established overseas presence there. Then, you will have readily access cross-border wealth management opportunities and diversify your wealth portfolio globally with your Singapore personal bank account.
As a world-renowned banking center, Singapore is a hub of international banking corporations. These global banks offer full-suite of banking and finance services to clients worldwide. Being an account holder of Singaporean banks, you will take control of your secure and low cost online banking facility to manage your funds anytime and anywhere, and enjoy the freedom of currencies exchange, and fund transfer worldwide.
Why AsiaBC’s assistance?
For banks worldwide, account service is a business, Singapore is no exemption. They aim for profits and dodge risks. Banks are working under a set of regulations and policies to prevent the risk of being misused by criminals; banks are also working to serve their targeted customers of specific characteristics in an effort to maximise profits.
However, Singapore banks do not openly disclose how they access their customers’ profit-and-risk profiles, leaving many of them disappointed because they have their bank account applications rejected without detailed explanations given.
AsiaBC steps in to bridge the Singapore banks and their clients, because we put into the shoes of both parties. With our intensive knowledge of the bank’s appetite to clients at the moment when a client looks for an account, we can assess the background of the clients according to the collective requirement of various banks, and select the feasible banks which accept the remote account opening applications based on the client’s preference and capability. The assessment is free-of-charge, so you can walk away for any reason after we tell you the result of our assessment.
Summing up, you, as our clients, are guaranteed to save effort to open Singapore bank accounts or, at least, avoid leaving a bad record in the bank’s system if their chance is dim; the banks also save time to source the potential clients.
To ensure the value of our service, in case that our selected Singapore bank rejects your application, we will refund our service fee to you.
Non-residents of Singapore who are 21 years old and above with a minimum funding of HK$ 2,000,000 can remotely apply for the personal bank accounts of supported Singaporean banks. The client’s application will be conducted in either Hong Kong or mainland China.
As of 1 April 2020, these Singaporean banks support the remote personal account opening application in which the client can complete the account opening application in either Hong Kong or mainland China.
US$ 3,000 per bank account application
Note: Any third-party fees and any additional service, including, but not limited to, delivery, document legalisation, translation, tax and legal services, may incur and are charged separately.
We analyse the required documents of digital copy format and information from you, then return the feasibility result of account-opening among these Singapore banks to you. This assessment service is free-of-charge and commitment-free.
If we have your consent to proceed to the official account opening application of the selected bank(s), our client and us will confirm the service agreement. You have to settle the respective invoice along with the agreement.
As required by the bank, you must provide the required document in both electronic format and hardcopy to the bank to verify and validate. The document must follow the bank’s standards, including legalisation and translation. We will assist you standardise the documents and support you to complete the bank’s related forms to ensure the highest quality thus successful approval.
Singapore banks require interviews with the account applicants, the meetings can take place in either Hong Kong or mainland China where the banks have their business premises there. During the interview, the bank officers will question about your background and information related to the purpose account, your original documents will be inspected, you will sign the related bank’s forms and document. We will arrange the appointment based on the schedule of the bank and the client, and we will share our experience with you in the preparation of the interview.
After the interview, the bank will undergo the internal procedure to assess the application. The time frame is varying for different banks. We will actively follow up the progress. If the bank approves your application, you can activate your new bank account. If the bank rejects it, we will assist you to appeal the decision of the bank, or we will process the refund of service fee.
Banks in Singapore are regulated by authorities in Hong Kong, Singapore and the jurisdiction where the banks operate banking business. The banks are required to comply with the Foreign Account Tax Compliance Act (FATCA), the Common Reporting Standard (CRS), the Anti-Money Laundering & Counter Terrorist Financing program (AML/CTF), and sanction policies enacted in the EU, the UK, the US, the EU, the UN. The banks are required to undergo their due diligence program in accordance with the Customer Identification and Verification (“ID&V”) and Know Your Customer (“KYC”) principles. For more information, please contact AsiaBC.
AsiaBC is not a bank.
Our specialists will touch base with you, and also gift you a FREE Zoom video assessment.