10 best digital business bank accounts in Singapore (2026)

Key takeaways:

• Digital business bank accounts in Singapore fall into three categories: MAS-licensed digital banks, fintech platforms, and traditional banks with digital services. Each comes with different fees, features, and eligibility requirements.

• The right account depends on your priorities, whether that's SDIC deposit insurance, multi-currency support, free transfers, or tools like expense management and accounting integrations.

• With Airwallex, you can hold 20+ currencies, transfer to 200+ countries, and access competitive FX rates that save you up to 80% on FX fees. You can sign up fully online, and there are no signup fees or monthly fees on the free Explore plan.

The best digital business bank account in Singapore depends on what you need from your banking platform.

Some digital-first providers focus on low-cost everyday banking, while others are built around multi-currency payments, corporate cards, and financial management tools.

In this guide, we compare the best digital business bank accounts in Singapore based on their features, digital capabilities, multi-currency support, payment options, and business tools.

What is a digital business bank account?

A digital business bank account is a business account you open and manage entirely online, with no branch visits and no paperwork. Everything from account setup to payments and reconciliation happens through a web platform or app.

In Singapore, businesses exploring digital business bank accounts have three main types of providers to choose from.

Type 1: Traditional banks

Legacy banks like DBS and OCBC offer digital business banking services, including online account opening, multi-currency accounts, and corporate cards. Some processes may still require in-person verification or additional documentation.

Type 2: MAS-licensed digital banks

Digital banks are institutions licensed by the Monetary Authority of Singapore (MAS) to operate entirely online. Singapore has four MAS-licensed digital banks: MariBank, GXS Bank, ANEXT Bank, and Green Link Digital Bank.

There are two licence types:

• Digital Full Bank (DFB): Can serve both individuals and businesses. MariBank and GXS Bank hold this licence.

• Digital Wholesale Bank (DWB): Serves businesses only. ANEXT Bank and Green Link Digital Bank hold this licence.

MAS-licensed Digital Full Banks (MariBank and GXS Bank) hold a banking licence and accept SGD deposits protected under the SDIC scheme, up to S$100,000 per depositor.

Type 3: Fintech platforms

Fintech providers like Airwallex, Aspire, Wise Business, and Revolut Business hold a Major Payment Institution (MPI) licence regulated by MAS.

They are not licensed banks, so customer funds are not SDIC-insured, but MAS requires them to safeguard customer funds with approved financial institutions.

What sets fintech platforms apart is the breadth of their business tooling. Their accounts typically include multi-currency support, international transfers, corporate cards, expense management, and accounting integrations: features that go beyond what most digital banks currently offer.

10 best digital business bank accounts in Singapore

Here is a quick overview of all 10 providers covered in this guide:

This information is based on publicly available information accessed on 14 Aug 2026. Information reflects Airwallex's own research and has not been independently verified.

1. Airwallex Business Account

Airwallex is one of the strongest options for businesses that want a digital-first account built for international operations, rather than simply a digital version of a traditional bank account.

It combines multi-currency banking with payments, cards and spend management in one platform, making it particularly well suited to businesses that pay overseas suppliers, collect international revenue, or manage spending across multiple teams and markets.

Key features:

• Multi-currency accounts for holding and managing 20+ currencies

• Local account details for collecting payments in multiple markets

• International transfers to 200+ countries

• Corporate cards with controls for managing employee and business spending

• Expense management with built-in spend tracking and controls

• Bill Pay for managing and paying business bills

• Accounting integrations with Xero, QuickBooks, NetSuite and other platforms

Airwallex has no setup fees, no monthly fees (on the Explore plan), and no minimum balance requirements.

2. Aspire Business Account

Aspire is a good fit for businesses that want a fully digital account with strong built-in financial management and accounting automation.

Its biggest strength is the breadth of integrations: beyond banking and payments, Aspire connects with popular accounting and ERP platforms and brings expense management and corporate cards into the same platform.

Key features:

• Multi-currency accounts for holding funds

• International payments across 30+ currencies

• Corporate cards with built-in spending controls

• Expense management

• Xero integration with hourly data synchronisation

• Integrations with QuickBooks, Oracle NetSuite, Deskera and SAP

• Online account opening and digital account management

Information in this section is based on Aspire’s official website as of 14 Aug 2026.

3. Wise Business Account

Wise Business is best suited to businesses that prioritise international payments and foreign exchange over broader financial management tools.

Its digital-first platform focuses on moving and managing money across borders, with transparent exchange rates and local account details that make it useful for businesses receiving and paying in multiple currencies.

Key features:

• Hold and convert money in 49 currencies

• Local account details for receiving payments in multiple currencies

• International transfers

• Mid-market exchange rates with no exchange-rate markup

• Xero and QuickBooks integrations

• Business debit cards for team spending

• Digital account management through the Wise platform

Information in this section is based on Wise’s official website as of 14 Aug 2026.

4. Revolut Business Account

Revolut Business is a strong option for businesses that want a highly digital banking experience with built-in payments, foreign exchange, expense management and accounting tools.

It is particularly suited to businesses operating across multiple currencies that want to manage day-to-day finances from a single app, rather than relying on separate banking and expense platforms.

Key features:

• Local SGD account details and FAST payments

• Multi-currency accounts for holding and transacting in 30+ currencies

• Foreign currency exchange at interbank rates within the applicable allowance

• Expense management tools for tracking and controlling business spending

• Corporate cards for employees and teams

• Xero, Sage, QuickBooks and 45+ other integrations

• Bulk transfers and other advanced payment tools on eligible plans

Information in this section is based on Revolut’s official website as of 14 Aug 2026.

5. MariBank Business Account

MariBank is a good fit for Singapore businesses that primarily operate in SGD and want a digital banking experience backed by a licensed local bank.

As a MAS-licensed digital full bank, it combines digital account management with features such as interest on balances and local payments, making it particularly suited to businesses with straightforward domestic banking needs.

Key features:

• Digital business account with online account management

• SGD business account for holding and managing local funds

• Interest earned on account balances

• FAST and PayNow local transfers

• International transfers

• Digital banking through MariBank's platform

• SDIC-insured SGD deposits

Information in this section is based on MariBank’s official website as of 14 Aug 2026.

6. GXS Bank Business Account

GXS Bank is suited to businesses looking for a straightforward digital banking experience from a MAS-licensed digital full bank.

Its GXS Biz Account focuses on core SGD banking, with digital account management, local payments and interest on balances. However, note that the account is currently available to sole proprietors only.

Key features:

• Digital business account for managing SGD funds

• FAST and PayNow local transfers

• Interest earned daily on account balances

• SDIC-insured SGD deposits

• Digital account management through GXS Bank

• Bonus benefits for eligible Grab merchants and Singtel customers

• Integration with the Grab and Singtel ecosystems

Information in this section is based on GXS’s official website as of 14 Aug 2026.

7. ANEXT Bank Business Account

ANEXT Bank is a good fit for businesses with cross-border operations, particularly those trading with China and other Asian markets.

As a MAS-licensed digital wholesale bank and subsidiary of Ant International, it combines digital banking with broader multi-currency capabilities than many of the other digital banks on this list.

Key features:

• Digital business account with online account management

• Multi-currency balances in SGD, USD, CNH and EUR

• Send and receive payments in 10 currencies

• Interest on SGD, USD and EUR balances

• International transfers

• Digital payment and account management tools

• Connectivity to trade corridors across Asia, particularly China

Information in this section is based on ANEXT’s official website as of 14 Aug 2026.

8. Green Link Digital Bank Multi-Currency Account

Green Link Digital Bank (GLDB) Multi-Currency Account is a good fit for businesses that need a straightforward digital banking solution for managing multiple currencies and cross-border transactions.

Its Multi-Currency Account allows businesses to hold and manage multiple currencies within a single account, as well as receive and make cross-border payments. Note that the number of supported currencies is not stated on GLDB's website.

Key features:

• Digital business account

• Multi-currency account for holding and managing funds

• Receive and make cross-border payments

• Same-currency and cross-currency transfers

• Real-time balance and transaction tracking

• Integrated FX and payment capabilities

• Business-focused banking services

Information in this section is based on Green Link’s official website as of 14 Aug 2026.

9. DBS Business Multi-Currency Account

DBS is a good fit for businesses that want the familiarity and infrastructure of a major local bank while still getting strong digital tools for managing foreign currencies.

Its Business Multi-Currency Account stands out for its breadth of currency support and more advanced FX capabilities, making it particularly useful for businesses with regular foreign currency requirements.

Key features:

• Multi-currency account supporting 13 currencies

• SecureFX for locking in rates across five currency pairs

• DBS FX Online with 40+ currency pairs and forward booking

• FAST and GIRO payments

• Xero, QuickBooks and Financio integrations

• Digital account management and online banking

• SDIC-insured SGD deposits

Information in this section is based on DBS’s official website as of 14 Aug 2026.

10. OCBC Business Growth Account

OCBC Business Growth Account is a good option for businesses that want the convenience of digital-first banking while still using a major Singapore bank.

Its fully online account opening and integrated business tools make it particularly suitable for businesses that want to handle day-to-day banking digitally without moving away from a traditional bank.

Key features:

• Fully online account opening via Singpass

• 80 free FAST transactions per month

• 80 free GIRO transactions per month

• Business debit card with cashback on eligible spending

• Integration with OCBC's digital business tools

• Multi-currency account available as an add-on

• Open to businesses registered in Singapore

Information in this section is based on OCBC’s official website as of 14 Aug 2026.

How to choose a digital business bank account in Singapore

With 10 options across three provider types, the right account depends on how your business actually operates. Here are the key factors to weigh before you decide.

Do you transact across borders?

If you pay overseas suppliers, receive payments from international customers, or hold funds in foreign currencies, multi-currency support and international transfer costs should be your primary filter.

Fintech platforms like Airwallex, Wise, and Aspire offer the broadest currency reach and the lowest transfer fees.

What are your monthly transaction volumes?

High-volume businesses need to check free transaction limits carefully. Some providers charge once you exceed monthly thresholds, particularly traditional banks. If you process a high number of local transfers, look for accounts with unlimited free FAST and GIRO.

Do you need business tools beyond the account?

If your team needs expense management, corporate cards, automated bill payments, or accounting integrations, not all providers on this list can help. Only a handful (primarily the fintech platforms) offer these tools natively.

What is your eligibility?

Some accounts have restrictions that are easy to overlook. For example, GXS Bank is currently limited to sole proprietors.

Always check eligibility requirements before starting an application.

How fast do you need to get started?

Fintech platforms generally have the fastest onboarding, with some accounts activated within a few business days. MAS-licensed digital banks vary, with some being faster and some being slower.

Traditional banks typically take longer, particularly for businesses with foreign ownership.

Manage your global finances with Airwallex

With the Airwallex Business Account, you can apply fully online with no paperwork or branch visits required. Once approved, you can access multi-currency accounts in 20+ currencies, transfer to 200+ countries, and issue Corporate Cards in 60+ markets.

Airwallex also brings payments, expense management, Bill Pay, and an eCommerce payment gateway into one platform, so you can manage your business finances and payments in one place.

Frequently asked questions (FAQs)

Is a corporate account the same as a business account in Singapore?

Yes, the terms are used interchangeably in Singapore. Both refer to accounts designed for business transactions, regardless of company size or structure. The specific features, fees, and eligibility requirements vary by provider, not by what the account is called.

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

Digital banks hold a banking licence from MAS and can accept deposits. SGD deposits at digital full banks are protected under the SDIC scheme up to S$100,000. Fintech providers hold a Major Payment Institution licence; they are not banks, so customer funds are not SDIC-insured, but MAS requires them to safeguard funds with approved financial institutions.

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

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

Which digital business bank account is best for international transfers?

It depends on your transfer volume and preferred cost structure. For businesses with high international transfer volumes, Airwallex offers free transfers to 120+ countries via local payment rails. 93% of transfers arrive on the same day, and 45% arrive immediately.

Do I need SDIC insurance for my business account in Singapore?

Not necessarily, but it is worth understanding what protection you do and don't have. SDIC insurance protects SGD deposits up to S$100,000 per depositor at licensed banks. If deposit insurance matters to your business, choose a MAS-licensed bank. If you use a fintech platform, your funds are not SDIC-insured, but MAS still requires those providers to safeguard customer funds with approved financial institutions.

Sources:

1.  https://aspireapp.com/business-account, https://aspireapp.com/pricing

2.  https://wise.com/sg/pricing/business, https://wise.com/sg/business/receive-money

3.  https://www.revolut.com/business/

4.  https://www.maribank.sg/fees-rates/mari-business-account, https://www.maribank.sg/product/mari-business-account/business-remittance

5.  https://www.business.gxs.com.sg/biz-account, https://help.gxs.com.sg/GXS_Biz_Account/Fund_GXS_Biz_Account/How_do_I_transfer_funds_to_and_from_my_GXS_Biz_Account%253F

6.  https://www.anext.com.sg/bank/business-account/, https://anext.com.sg/bank/faqs/overseas-transfers/?category=sending-money

7. https://www.glbank.com/solutions/cash, https://www.glbank.com/api/media/GLDB-Fees-Charges.pdf?path=%2Fwp-content%2Fuploads%2F2026%2F04%2FGLDB-Fees-Charges.pdf&inline=1 

8. https://www.dbs.com.sg/sme/day-to-day/accounts/dbs-business-multi-currency-account-starter-bundle, https://www.dbs.com.sg/sme/day-%20to-day/accounts/heartland-%20merchant-banking-package

9. https://www.ocbc.com/business-banking/smes/accounts/business-growth-account, https://www.ocbc.com/business-banking/help-and-support/accounts-and-services/business-foreign-accounts-pricing-guide