Foreign founders are often surprised by how many options exist — from traditional banks (DBS, OCBC) to digital accounts (Aspire, Airwallex, Wise). Answer 6 quick questions to get a personalised recommendation.
Banks require your company to be registered with ACRA before opening a business account. You'll need your BizFile certificate and company constitution. Karman can incorporate your company in 1–3 days.
Traditional banks (DBS, OCBC, UOB) require at least one director to attend in person. Digital accounts like Aspire, Airwallex, and Wise can be fully opened remotely — ideal for overseas founders.
Digital accounts typically open in 1–5 business days. Traditional bank accounts can take 2–6 weeks, and may require multiple branch visits. Plan ahead especially if you need an account for vendor payments at launch.
Traditional banks in Singapore are highly cautious about crypto-related businesses. Digital accounts like Aspire and Airwallex are generally more open, but you may still need to demonstrate a clear business model and compliance posture.