Best Singapore Banks for Offshore Banking? (EU citizen & resident)

[FreedomSearcher]

Hello everyone,

Does anyone know what’s the best personal bank accounts in Singapore for EU-citizens residing in EU?

I’ll be visiting soon, so in-person visit with the bank is fine.

 

[SCHLOSSFINANZ]

if you don't deposit > 200 k USD your chances are ZERO

 

[Sols]

If you can deposit at least 100–250,000 USD/EUR, you can try UOB, OCBC, DBS, Citibank, and Standard Chartered. Check the minimum requirements with the banks.

In-person visit is not required but can make the process faster and lower some barriers. You can usually initiate contact online and if they like your vibe, they'll let you schedule a meeting.

 

[FreedomSearcher]

if you don't deposit > 200 k USD your chances are ZERO

That’s not a problem. Can deposit more than that.

 

[FreedomSearcher]

If you can deposit at least 100–250,000 USD/EUR, you can try UOB, OCBC, DBS, Citibank, and Standard Chartered. Check the minimum requirements with the banks.

In-person visit is not required but can make the process faster and lower some barriers. You can usually initiate contact online and if they like your vibe, they'll let you schedule a meeting.

What’s the acceptance rate like for online business owners? (No sketchy business model)

 

[SCHLOSSFINANZ]

then try

https://www.ubp.com/en/contact/our-offices/ubp-singapore

 

[daniels27]

If you are HSBC Premier anywhere, you can open an HSBC Premier account in Singapore. Otherwise, you just open a Premier account there but you will need to meet the requirements.

 

[FreedomSearcher]

HSBC Expat has been restricting my account for over 3 months while I always provided everything they asked for and didn’t do any suspicious transactions and am not citizen or resident of a suspicious country (both EU countries).

Therefore I’ll never bank with HSBC anymore.

Which other banks do you recommend in Singapore?

 

[SCHLOSSFINANZ]

https://www.bordier.com/locations/singapore/

 

[Martin Everson]

Does anyone know what’s the best personal bank accounts in Singapore for EU-citizens residing in EU?

Standard Chartered. Just apply online.

https://www.sc.com/sg/international-banking/

Citibank Same.

https://www1.ipb.citibank.com.sg/en/citigold/apply-online


P.S $200k is fine if you got further income coming. Always say your opening to invest even if your not.

 

[AlexRitmo]

Hello everyone, same question, I'm also hesitating between Citi (already a customer in the US which should speed up KYC) or DBS which seems to offer a more modern account with stablecoins possibilities ?

 

[linusAG]

Hello everyone, same question, I'm also hesitating between Citi (already a customer in the US which should speed up KYC) or DBS which seems to offer a more modern account with stablecoins possibilities ?

Where do you live? What's your citizenship? What's the volume of your initial deposit?

 

[AlexRitmo]

Where do you live? What's your citizenship? What's the volume of your initial deposit?

UE citizen, I live right now in the US (L1 visa) but I will move to Uruguay in few months. Deposit 1M$ or more if necessary. Thanks !

 

[SCHLOSSFINANZ]

take Bordier, but only after you relocated and cancelled your L1

 

[AlexRitmo]

take Bordier, but only after you relocated and cancelled your L1

Thanks for the advice, I didn't know Bordier !

 

[linusAG]

UE citizen, I live right now in the US (L1 visa) but I will move to Uruguay in few months. Deposit 1M$ or more if necessary. Thanks !

You are a US tax resident, So most Singapore banks will not onboard you at this stage.

 

[FreedomSearcher]

Where do you live? What's your citizenship? What's the volume of your initial deposit?

I live in Cyprus, hold Belgian Citizenship, can deposit $200K initially.

 

[JackAlabama]

I live in Cyprus, hold Belgian Citizenship, can deposit $200K initially.

anything eu is not that great. They dont like it much. Also any trading feature will be blocked (if in EEA).