It is important to be confident in the level of service, worldwide support, foreign branches, simplicity of bank accounts and many other things when it concerns the choice of a Singaporean bank. In our article, we look at representative banks in Singapore which you may rely on. The rest you can find on https://sgbanks.com/
UOB (United Overseas Bank) – is on offer through 68 locations in Singapore and over 500 branches around the world, incorporating both Western Europe and North America, this bank offers its services through 68 branches in Singapore. It serves individuals and corporations with private banking, individual savings and other business services, corporate banking, venture capital, investing, and financing, as well as insurance.
Citibank Singapore- is the part of the U.S. worldwide financial organization Citigroup, the first U.S. bank branch in Singapore. It is authorized to share the atm5 ATM network.
Maybank Singapore- is a completely licensed trade bank that is affiliated with Malaysia’s largest bank, Maybank. Nowadays, it offers personalized services through its local branch network of 22 banks and above 40 automatic teller machines.
DBS Bank – is a multinational corporation for financial services based in Singapore. Today it employs 21,000 people, handles $332 billion and maintains over 250 locations worldwide, with over 100 of them in Singapore.
So what banks have to offer?
The Singapore banking market is divided into two major segments, corporate and individual. The corporate sector provides company accounts for corporations and institutions. In this context, the selection of a bank is based on the requirements and kind of the business. The personal segment provides the possibility of setting up accounts for individual usage. Individual accounts may be current and savings accounts. A current is basically just a balance in the bank, which can be accessed for withdrawal or replenishment at any time.