A Singapore digital bank launched by Ant Group that received an MAS digital wholesale bank (DWB) licence in 2022, focused on collections, payments and multi-currency settlement for SMEs and cross-border e-commerce.
Open only to companies registered in Singapore (including foreign-owned Singapore entities), requiring registration documents plus ID for directors and beneficial owners. Personal accounts are not offered and retail deposits are not accepted.
These are stable, standing account benefits (not time-limited) — available as long as you qualify:
Businesses can, but the entity must be registered in Singapore. Foreigners who register a Singapore company and act as director or authorised signatory can open a business account; individuals cannot.
No mandatory initial deposit; it depends on the account type and the company profile.
Singapore company registration, ID for directors and beneficial owners, the constitution and proof of business, and a Singapore address.
The online application takes about 15–30 minutes, with corporate review usually 1–5 working days.
Common reasons: the entity is not Singapore-registered, directors or beneficial owners fail background checks, insufficient business proof, or incomplete KYC/AML.
Standing benefits: No Monthly Fee, No Min Deposit, Fully Online, Digital Bank, Fast Approval. Promotions change by region and quarter — always check the bank's official promo page (verified 2026-10).
Having documents ready lowers the chance of rejection; policies change, so confirm with the bank before applying.