9 best digital business bank accounts in Singapore (2026)

Key takeaways:

• Digital business accounts give businesses the speed, flexibility, and convenience needed to operate in today's digital-first world — from same-day account opening to real-time expense tracking.

• Fintech platforms like Airwallex go beyond traditional digital banking with features tailored for growing businesses, such as global payment capabilities, multi-currency support, and eCommerce integrations.

• Choosing the right digital business account depends on your business priorities — whether that's FX rates, cross-border transfers, local payment rails, or value-added tools like Corporate Cards and bill automation.

Digital business bank accounts are quickly gaining traction in Singapore, and it's easy to see why: lower fees, faster onboarding, and modern tools make them a compelling alternative to traditional banking for businesses of all sizes.

If you're looking for the best digital business bank account in Singapore, this guide covers the top nine options available in 2026, from MAS-licensed digital banks to fintech platforms.

We'll cover how they work, what they cost, and what sets each one apart, so you can find the right fit for your business.

What is a digital business bank account?

A digital business bank account is a digital-only business bank account designed to support a company's financial activities entirely online, without the need for paperwork or in-person branch visits.

Businesses in Singapore that want to explore digital banking have several options in terms of providers:

• Traditional banks: Legacy banks in Singapore, like DBS and OCBC, offer digital business banking services including multi-currency accounts and corporate cards. However, some services may still require in-person visits or involve slower onboarding processes compared to newer alternatives.

• Digital banks: Digital banks are MAS-licensed institutions that operate entirely online and offer core banking services like payments and deposits, but do not support over-the-counter transactions.

• Fintech firms: Fintech providers like Airwallex hold a Major Payment Institution licence regulated by the Monetary Authority of Singapore (MAS) and go beyond traditional banking services. Their digital business accounts typically come with modern business tools like global payment gateways, automated bill payments, multi-currency support, and accounting software integrations.

Compare the best digital business bank accounts in Singapore

Here’s a quick overview of the best digital business bank accounts in 2026:

The information in this table has been reviewed to be accurate as of 17 March 2026.

The top 9 digital business bank accounts and alternatives in Singapore (2026)

In Singapore, the top digital business accounts include offerings from well-established legacy banks, MAS-licensed digital banks, and fintech providers. Here is an overview of the nine options we cover in this article:

• Airwallex — fintech platform with multi-currency support for 20+ currencies, free international transfers to 120+ countries, and a suite of business financial tools

• Aspire — fintech platform with multi-currency support in four currencies, corporate cards with 1% cashback, and native accounting integrations

• Wise Business — fintech platform known for transparent FX rates, lets you hold money in 40+ currencies

• Revolut Business — fintech platform with tiered plans starting free, 25+ currencies, and multi-currency corporate cards

• MariBank — MAS-licensed digital full bank with 1.00% p.a. interest on balances, free local transfers, and zero account fees

• ANEXT Bank — MAS-licensed digital wholesale bank backed by Ant International, with daily interest on SGD, USD and EUR balances and a flat S$15 international transfer fee

• Green Link Digital Bank — MAS-licensed digital wholesale bank with SGD and USD support, zero monthly fees, and competitive fixed deposit rates

• DBS Bank — traditional bank offering multi-currency accounts across 13 currencies, Xero and QuickBooks integrations, and a Starter Bundle for businesses under three years old

• OCBC Bank — traditional bank offering fully online onboarding, 80 free FAST and GIRO transactions per month, and up to 1% cashback on business debit card spending

1. Airwallex Business Account

The Airwallex Business Account stands out in this list for the breadth of its built-in business tooling.

While most other providers here focus primarily on the account and payment rails, Airwallex combines multi-currency accounts, Corporate Cards, Expense Management, automated Bill Pay, an eCommerce payment gateway, and accounting integrations into a single platform — making it the only option on this list that can genuinely replace multiple separate tools.

It supports 20+ currencies and routes international transfers through local payment rails in 120+ countries, bypassing SWIFT to eliminate transfer fees. The Explore plan has no monthly fees and no minimum balance requirements, making it accessible for businesses of all sizes.

The information in this table has been reviewed to be accurate as of 17 March 2026.

2. Aspire Business Account

Aspire is a Singapore-headquartered fintech platform trusted by 50,000+ businesses across Southeast Asia. It offers a fully online account opening process, multi-currency support across four currencies, and corporate cards with 1% unlimited cashback on qualified SaaS and digital marketing purchases.

What sets Aspire apart from most others on this list is its native Xero integration that updates hourly, alongside support for QuickBooks, Oracle NetSuite, Deskera, and SAP, giving finance teams more granular accounting automation than most competitors here offer. There are no monthly fees, no initial deposit, and no minimum balance required.

The information in this table has been reviewed to be accurate as of 17 March 2026.

3. Wise Business Account

Wise Business is a globally recognised fintech platform known for its commitment to transparent, mid-market exchange rates with no rate markup. It lets you hold money in 40+ currencies and receive payments like a local in markets including the US and UK.

Unlike most other providers on this list, Wise charges a one-time S$99 setup fee to access local account details, but has no ongoing monthly fees after that. One notable limitation is that Wise Business does not offer expense management tools, making it better suited as a payments and FX platform than a full financial operations solution.

The information in this table has been reviewed to be accurate as of 17 March 2026.

4. Revolut Business Account

Revolut Business is available for companies registered in Singapore, offering local SGD account details, FAST payments, and the ability to hold and transact in 25+ currencies. What sets Revolut apart is its tiered fee-free foreign currency exchange allowance, which scales significantly with your plan, making it particularly cost-effective for businesses whose international FX volumes grow over time.

One limitation is that more advanced features such as higher exchange allowances and access to money market funds are only available on paid plans, so the true value of the platform increases with the subscription tier.

The information in this table has been reviewed to be accurate as of 17 March 2026.

5. MariBank Business Account

MariBank is a MAS-licensed digital full bank and one of the few providers on this list that offers SDIC deposit insurance on SGD balances, giving businesses an added layer of protection on funds up to S$100,000.

It offers 1.00% p.a. interest on all balances, zero account fees, zero fall-below fees, and free local transfers — making it a cost-effective option for businesses that primarily transact in SGD. It’s deeply integrated with the Shopee ecosystem, and it comes with free daily Seller Balance withdrawals for Shopee sellers.

The key limitation is that MariBank only supports SGD, meaning businesses with meaningful foreign currency needs will need to look elsewhere.

The information in this table has been reviewed to be accurate as of 17 March 2026.

6. ANEXT Business Account

ANEXT Bank is a MAS-licensed digital wholesale bank and a wholly-owned subsidiary of Ant International, giving it strong connectivity to trade corridors across Asia (particularly China).

Among the three MAS-licensed digital banks on this list, ANEXT offers the broadest currency reach: it can hold funds in SGD, USD, CNH, and EUR, and send and receive in 10 currencies (although this is still lower than fintech providers like Airwallex).

Like MariBank and Green Link, ANEXT accounts are SDIC-insured for SGD deposits up to S$100,000, but note that foreign currency deposits are not covered by the scheme.

The information in this table has been reviewed to be accurate as of 17 March 2026.

7. Green Link Business Account

Green Link Digital Bank (GLDB) is a MAS-licensed digital wholesale bank and the first digital bank to begin operations in Singapore. It offers a fully digital account with no monthly fees, no minimum balance, and the ability to hold and transact in SGD and USD.

Green Link's currency support is limited, restricted to SGD and USD only, and it does not offer corporate cards, expense management, or accounting integrations.

The information in this table has been reviewed to be accurate as of 17 March 2026.

8. DBS Business Multi-Currency Account

DBS is Singapore's largest bank and offers the Business Multi-Currency Account in two tiers — a Starter Bundle for businesses under three years old, and a standard account for established businesses.

What sets DBS apart from every other provider on this list is the combination of its lending infrastructure and trading tools: it is the only provider here that offers built-in FX forward booking via SecureFX and DBS FX Online, allowing businesses to lock in exchange rates up to a year in advance across 40+ currency pairs.

The key trade-off compared to fintech platforms is cost: between monthly fees, international transfer charges, and agent bank fees, DBS is among the more expensive options on this list for businesses that transact frequently across borders.

The information in this table has been reviewed to be accurate as of 17 March 2026.

For more details, read our article on DBS vs Airwallex.

9. OCBC Business Growth Account

OCBC is Singapore's second-largest bank and offers the Business Growth Account as its primary digital-first option for SMEs and startups. The account can be opened fully online with no initial deposit or setup fee, and includes 80 free FAST and 80 free GIRO transactions per month, plus up to 1% cashback on business debit card spending.

What sets OCBC apart from other business bank accounts (such as DBS’s account) is its bundling advantage — pairing the Business Growth Account with the OCBC Multi-Currency Business Account results in a perpetual waiver of the multi-currency account fee, giving businesses access to 13 currencies at no additional ongoing cost. Of course, this is still less currencies than you’d get with the fintech platforms on this list.

The information in this table has been reviewed to be accurate as of 17 March 2026.

Simplify your global finances with Airwallex

With the Airwallex Business Account, you can open an account in as little as a few business days — no paperwork or in-person branch visits needed. You get local currency accounts in 21 countries, free international transfers to 120+ countries via local payment rails, and instantly-issued multi-currency Corporate Cards.

Airwallex also consolidates payments, expense management, bill pay, and an eCommerce payment gateway into a single platform, reducing the need to manage multiple providers.

Frequently asked questions (FAQs)

Is a corporate account the same as a business account?

Yes, in Singapore the terms "corporate account" and "business account" are often used interchangeably. Both refer to accounts used for business transactions, regardless of company structure or size.

What is the difference between a digital bank and a fintech in Singapore?

Digital banks such as MariBank, ANEXT, and Green Link hold a full or wholesale digital bank licence from MAS, meaning customer SGD deposits are SDIC-insured up to S$100,000. Fintech providers such as Airwallex, Aspire, Wise, and Revolut hold a Major Payment Institution licence and are not SDIC-insured, but are required by MAS to safeguard customer funds with approved financial institutions.

How do I open a digital business bank account in Singapore?

Most digital business accounts can be opened entirely online. You will typically need your company's ACRA registration details, a valid ID, and proof of address. Fintech platforms generally have the fastest onboarding, with some accounts activated within one business day. MAS-licensed digital banks and traditional banks may take slightly longer depending on KYC requirements.

What are the best no-monthly-fee digital business accounts in Singapore?

Several providers on this list charge no monthly fees, including Airwallex, Aspire, Wise Business, MariBank, ANEXT, and Green Link. Revolut Business also offers a free Basic plan. DBS charges from S$10 per month, and OCBC charges S$10 per month after the first two months.

Which digital business bank account is best for international transfers?

For businesses with high international transfer volumes, Airwallex offers free transfers to 120+ countries via local payment rails. Wise Business offers transparent mid-market rate transfers from 0.26% of the transfer amount. ANEXT offers a flat S$15 fee for international wires.

How much does it cost to open a digital business account in Singapore?

Most digital business accounts have no opening fee. With Wise Business, you can open an account for free, but you’ll need to pay a one-time S$99 setup fee to access local account details. Traditional banks like DBS and OCBC do not charge an account opening fee for fully local-owned businesses applying online.

Why should I use a business account instead of a personal account?

Using a business account gives you clearer separation between personal and business finances, easier tax reporting, and access to tools designed specifically for business needs such as multi-currency support, corporate cards, and accounting integrations. For Private Limited Companies in Singapore, maintaining a dedicated business account is also a legal requirement under ACRA regulations.

Sources:

1. https://www.airwallex.com/sg/business-account

2. https://aspireapp.com/business-account

3. https://wise.com/sg/pricing/business

4. https://www.revolut.com/en-SG/business/business-account-plans/

5. https://www.maribank.sg/fees-rates/mari-business-account

6. https://www.anext.com.sg/bank/business-account/

7. https://www.glbank.com/en/our-banking-solutions/cash/deposit-accounts/index.html

8. https://www.dbs.com.sg/sme/day-to-day/accounts/dbs-business-multi-currency-account

9. https://www.ocbc.com/business-banking/smes/accounts/business-growth-account