Open a global business account to transact like a local in 70+ countries

To open a business account in Singapore, you generally need your company’s Unique Entity Number (UEN), registered address, director and shareholder details, identification documents, and proof of business activities. Requirements may vary by provider, but having clear ownership information and up‑to‑date corporate documents helps your application go through faster.

You can open a business bank account within minutes to a few days with fintechs and digital banks, but traditional banks might take 5-15 business days or even weeks. Fully online applications with instant verification can get you a business account almost immediately, while complex cases with unique company structure or foreign owners can take longer.

You can usually open an Airwallex business account within a few business days once you submit all required documents. Our online application takes about 15 minutes to complete, and our onboarding is fully digital. If your company’s structure is more complex or information is missing, our team may need extra time to follow up before approval.

In Singapore, you can open an Airwallex Business Account for free. There’s no setup fee or minimum deposit, and you can stay on a free plan for core features like multi‑currency accounts, transfers and cards. You only pay fees for services you use, such as FX conversions, and can upgrade later if you’d like additional tools and higher limits.

Airwallex keeps your business account funds safe by holding them in segregated client accounts with regulated banks and tightly controlling access to them.

In Singapore, Airwallex (Singapore) Pte. Ltd. is licensed as a Major Payment Institution by MAS, and funds are safeguarded in line with local rules. We also meet PCI DSS, SOC 1 and SOC 2 standards and use encryption, strong authentication and monitoring to protect your account. For more information on how Airwallex keeps your funds safe, see here.

A business bank account helps you separate your personal finances from your business finances, which makes bookkeeping, audits and tax filing much simpler. It also lets you pay and get paid in your company’s name, which looks more professional. In Singapore, a local business account also gives you access to FAST, GIRO and PayNow Corporate for quick domestic payments.

The Airwallex Business Account includes multi-currency global accounts, FX and transfers, and Corporate Cards. You can sync transactions with accounting platforms like Xero, QuickBooks and NetSuite, connect to eCommerce platforms, and use CSV uploads for batch payments. Developers can also use our APIs and webhooks to automate payouts, reconciliations and reporting across the business.

To open a business account for international operations, choose a provider such as Airwallex that supports multi‑currency accounts and cross‑border payments, then complete their registration process online. Once you’re approved, you’ll be able to receive, hold, and pay out funds in multiple currencies from a single online business account.

For fast onboarding, look for digital‑first business accounts rather than traditional branch‑based banks. Fintech providers such as Airwallex offer an online business account where you submit your business details and documents digitally, and applications are often approved within a few business days.