Bank Deposit Account For Foreigner

Bank Deposit Account For Foreigner

Can a foreigner open a bank deposit account like a bank savings account in Singapore. A reader posed this question to my Singapore-Savings-Account-Rates.blogspot.com recently.

The answer to this question of whether a foreigner can open a bank deposit account for foreigner is a YES.

However terms and conditions for such bank deposit account for foreigner vary across banks in Singapore.

Generally, most banks in Singapore will allow you to open a bank deposit account in Singapore without hassle. This is provided you satisfy all requirements of each bank.

Documents and other requirements to open a bank deposit account for foreigners are:

1. Passport / Work Permit

2. Age Limit

3. Minimum Deposit sums

4. Application Form

You can check with most banks in Singapore if you need more information regarding your unique needs.

Thanks for reading Singapore Savings Account Rates.