Because smooth operations and cost effective solutions. Best business banking account ocbc vs uob vs dbs updated. This account is aimed at established and larger businesses, and has a higher minimum balance compared to the ebusiness account. Issue new cheque book request download daily cheque reconciliation file. On 12 july 2003, the banking industry in singapore launched a new online imagebased cheque clearing system called the cheque truncation system cts. Once you have registered, you will be issued a cheque book for free of charge. Free physical monthly account statements and cheque book facility. With cts, a cheque is scanned when deposited and its electronic image, instead of the physical cheque, is transmitted throughout the entire clearing cycle. Waiver on monthly subscription of bibplus premium services. Yes, internet banking is provided for ocbc basic current account holders. At branch counter of uob thai at uob thai atm uob direct debit mailing cheque uob phone banking uob personal internet banking cross bank bill payment bank of ayudhya branch counter 18% per annum 3% of the withdrawal amount per transaction thb 100 per statement cycle free for the first year.
To enjoy this service, please complete the application for deposits transfer interbank giro collection arrangement and mail it back to us. Besides, you will also be issued with a uob debit mastercard, which has better security features compared to cash and cheque, for free. Closureof account within three months from date of account opening eachaccount hkd200 h. Accounts that offer cheque books, such as the uob one account, may leverage a fee for cheque books. No monthly account fee for the first 3 months free.
A cheque book is issued free of charge when you open an ocbc basic current account. Service charge on destruction of uncollected cheque book. Ideal for businesses with high transactional needs. Ocbc business account singapore everything you need to. Bank accounts for singapore companies corporateguide singapore. Maximum effective interest rate eir on the one account is 2. Hasslefree monthly funds transfers to your current account from any account with uob or any other financial institutions. In my opinion, uob ebusiness account is the best business account in. Enjoy roundtheclock banking convenience with zero online banking fees. There are minimum balances, fees and charges which are set according to the currency you choose to operate your account in. United overseas bank limited, hong kong branch incorporated in singapore with limited liability page 1 of 4. Us dollar, australian dollar, new zealand dollar, euro, canadian dollar, japanese yen, sterling pound. Setting up a business bank account in singapore creating my. Foreign exchange against usd or sgd, gold and silver prices and more.
The multicurrency accounts available to personal customers do not come with a linked credit or debit card, although you may be able to get a cheque book. Issue new cheque book request up to 2 books download daily cheque reconciliation file. Effective from 17 th august 2019, there will be a removal of some uob phone banking services for instance. With cheque payment services, uob will manage cheque inventory for you. Fund transfer, credit card bill payment, statement request by fax and reward redemption. Opening of a corporate bank account in singapore easilycorp. Uob bibplus token replacement form fill out and sign. Branch processing fees effective from 1 august 2019 for all account openings and updating of signatories processed at uob branches. Click the menu account information manage my accounts cheque book request. I would like to keep track of any movement of cash from my account for obvious reasons. Cheque processing fee effective 2nd january 2015 rm0. If you have an existing uob current account, savings account, goldsilver savings account or timefixed deposit accounts collectively, existing deposits account s, the specimen signature of your latest account opened with the bank will be used as the specimen signature for this new account. You may also need to pay for some additional business internet banking services, and can apply for a corporate atm card or cheque book to be linked to your account.
How to open a corporate bank account in singapore 2020. I will be needing this to reimburse my business spendings done on my personal credit card. Youll receive 2 free cheque books upon account opening. You can request for a cheque book at a small fee to access to your money. Returned cheque due to insufficient funds or postdated. United overseas bank uob business banking list of banks.
Ideal for businesses that manage large payment and collection volumes. Ideal for business who mostly does online transaction. Business account singapore corporate account opening. As one of the most popular highyield savings accounts by a local bank, uob one account offers a maximum bonus interest of up to 2. How to create an esignature for the quick guide united overseas bank on ios devices. You can manage your finances on a single platform by using their uob bizsmart digital solution that helps you with core processes such as invoicing, hr and accounting. A necessity for all businesses with the convenience of a cheque book and corporate atm card. For new accounts opened from 1 april 2021 uob infinity digital banking for business with bulk functionalities. Account closure fee for account closed within 6 months of account opening. Overdraft interest on onetoone basis privilege banking 3. If you need to close your ocbc corporate account, you can do so in branch or by completing the ocbc corporate account closure form and mailing it back its important to note that some accounts charge a penalty for early account closure, so you will have to pay a fee if you shut your account within 6 or 12 months of opening.
Click current account number and fill in numbers of cheque books and preferred collection branch then click submit. Starting at the lowest minimum balance is the uob ebusiness account. For more detailed information on multicurrency business account, click here uob ebusiness account. Oct 17, 2020 some of the fees are the minimum balance fee, cheque book fee, monthly service fee, early account closure fee, and miscellaneous fees. Cheque book request letter format, sample and how to write. Transactions such as interbank transfers and bill payments can be conducted. You can access your account information anywhere and at anytime. Uob cheque payment solutions eliminate the need for management to sign cheques, which allows for better time to manage your business rather than engaging in unproductive work. Terms and conditions governing the uob ebusiness account and uob biztransact account.
The business version of the uob foreign currency account does offer a free corporate atm card. With a uob global currency account, you can look forward to chequeing convenience for any of the foreign currencies available. Setting up a business bank account in singapore creating. Processing fees is charged on top of account setup fee applicable to foreign incorporated. Ideal for business who does both online and overcounter transaction. A cheque book is essential to a current account and reliable when you need to make a big buck payment since carrying hard cash can be risky in this day and age. Halfyearly service charge borrowing account with average bal accounts with average balance mar 24, 2021. Check out our latest rates and fees for business banking. For the opening of a company bank account in singapore as a foreigner, you can apply online for a new bank account opening via any of the banks corporate website. Account linking all uob current, time fixed deposit and loan accounts held by your company can be linked to uob bib service for online access. Uob bank accounts like the gold savings account come with a monthly service charge fee.
A cheque is a negotiable instrument that tells a financial institution to pay an amount from a specific amount in the name of the depositor, makers name with that institution. Uob is a little bit late into the startup business account game and its e business account has pretty basic features. Customers who have current accounts with uob are able to request for cheque book easily via uob personal internet banking by yourself. Perform cheque status enquiry single or range issue stop cheque request single or range issue new cheque book request up to 2 books download daily cheque reconciliation file. Us dollar, australian dollar, new zealand dollar, euro, canadian dollar, japanese yen, sterling pound, swiss franc and hong kong dollar. It also highlights the urgency in which the cheque book is needed. Biztransact account, sgd current account, ebusiness account. Up to 60 free outgoing single fastpaynow fast transactions per month free. Service charge on closure of dormant current account with balance. You should be able to open the uob ebusiness account online if. Your deposit will be protected under pidm for up to rm250,000. Terms and conditions governing the uob ebusiness account and uob biztransact account apply respectively. Open a new uob business account from 1 april 2021 to 31 may 2021.
You should call our 24hour uob call centre at 1800 222 2121 immediately to place a stop payment on your cheque s so as to prevent fraudulent use, and arrange for an immediate replacement of your cheque book. Mar 03, 2020 a cheque book request letter is addressed to the relevant bank or financial institution. Uob current accounts rates and fees finder singapore. See our detailed comparison of the top corporate banking accounts in singapore to see which has the best features, pricing and ease of use for your business. Start a banking relationship today by opening a uob ebusiness account apply online and get instant approval. A guide to uob multicurrency accounts in singapore wise. Uob global currency account you can open a uob business account in a range of global currencies, as well as getting a linked bank card or cheque book. Annual postage charge on statement of account mailed to overseas locations excluding loan credit card account. You can perform fund transfer, bill and loan payments and track transactions history via uob personal internet banking, 24hour phone banking as. To participate in the uob business banking power up promotion, register online at uob. This letter is important to inform the relevant party that you need a cheque book. Full details are available online or by visiting a uob branch. Find out how you can boost your business savings today.
How to write a request letter cheque book request letter. However, you may be given the option not to pay some of these fees, depending on the coverage of your savings account. Cheque book fee, waived for the first 30 cheques per month. Best banks in singapore for startups zuu online sg. Once you have submitted all the necessary documents to the bank, the bank office will contact you to have a facetoface meeting for verification purpose. When you sign up for uob basic current account, you will get access to uob banking services and facilities across multitude of channels. It is an important document that keeps a record of communication between the client and the financial.
Usd to hkd funds transfer to accounts with other banks in hong kong via giro. Companysearch localsearch singaporecompanysearch otheroverseascompanysearch hkd150 per search hkd150 per search. Cheque books ordinarychequebooks specialprintedchequebooks hkd150 per item hkd70 per cheque at cost, min hkd30. To your own accounts with uob to a thirdparty account with uob. Bank accounts for singapore companies corporateguide. A bank or a financial institution provides cheques to users in the form of a printed booklet, ready for use. Which local bank has the best banking support for startups. If you own an ios device like an iphone or ipad, easily create electronic signatures for signing a quick guide united overseas bank in pdf format.
182 1374 791 1681 1389 737 312 660 1523 897 381 1748 1199 1309 229 1597 1602 1054 1663 1634 475 839 981 859 738 636 385 1230