Open a Singapore Dollar account in Singapore for your business instantly
Open your SGD business account online and from anywhere in the world. Receive payments from customers or clients in Singapore, hold SGD and streamline payments to suppliers or employees to save on unnecessary conversion fees.
Regulated by MAS
Airwallex (Singapore) Pte. Ltd. is licensed in Singapore as a Major Payment Institution and is regulated by the Monetary Authority of Singapore (License No. PS20200541)
Set up hassle-free currency accounts with local bank details instantly
Skip the queues and excessive paperwork usually involved in setting up local currency accounts around the world. Open domestic and foreign currency accounts online within minutes and transact in over 60 markets. Collect payments from global customers in their preferred currency and spend your proceeds later in the same currency, eliminating unnecessary conversion fees.
Save on unnecessary bank charges
There are no account opening fees, monthly maintenance charges, or minimum transaction requirements.
Streamline your global cash management
Convert held balances to different currencies in just a few clicks and review your global transactions in a single view.
Know your funds are safe and secure
Relax knowing that your money is secure and protected with end-to-end encryption and bank-level security.
Avoid costly conversion fees
Eliminate unnecessary conversion fees by receiving payments in the same currencies that your customers pay in.
The fastest way to open a SGD business account
Get SGD business account details instantly
Open a free SGD account with us online and get a dedicated account number along with a local branch and bank code for your business instantly. Receive, hold, and spend SGD without unnecessary conversion fees.
Receive payments from customers or clients in Singapore
Add the SGD account details you receive to your invoices. These local bank details will allow you to receive payments from customers in Singapore online.
Save on unnecessary conversion fees for SGD payments to suppliers
Hold Singapore dollars in your SGD business account and make payment to suppliers or contractors in Singapore without incurring any conversion fees.
How it works
Open a SGD business account in 3 simple steps
Sign up for a free Airwallex business account
Navigate to our dashboard and select SGD global account.
Key in your business’ name and create the account
Get issued a dedicated account with local bank details in the name of your business. Share these details with your customers to receive payments in SGD.
Hold SGD in your account or withdraw in your local currency
Receive, hold and make payments in SGD directly without incurring unnecessary conversion fees or convert your NZD into SGD immediately.
"Before Airwallex, we had no idea when our payments were going to reach our suppliers. Using Airwallex instead of traditional banks has increased the speed of our overseas transfers and optimised our cashflow significantly. We've also saved up to 99% of our TT and FX fees."
Ying Tze Her
Chief Operating Officer, Saturday Club
"Singapore is a small market. Businesses who wish to make decent earnings have to export to other markets, at some point. Before Airwallex, we had to travel physically to China to pay our suppliers. Now, we can transfer money in minutes. If Airwallex isn't around, I think a lot of traditional businesses will take a very long route to success."
Co-founder, Hey! Chips
“Typically, traditional banks take up to 2-3 days to process a transaction. With Airwallex, we can make same-day transfers around the clock and pay our employees all over the world easily.”
CEO, World of Neopets
"I’m so thankful that Airwallex exists! Airwallex allows me to exchange currencies at really great rates, and the interface is very modern and easy to use compared to my bank. We save so much money with Airwallex! In just a few months, we've already saved more than SGD$13,000 in unnecessary bank fees!"
Get started with global accounts
Airwallex offers you a wide array of local and global transfer options to make sure you get the fastest and most cost-effective solution.
Frequently asked questions
How much does it cost to open a SGD business account online?
Airwallex will not charge any fees to open a SGD business account. Open a SGD account in Singapore from anywhere in the world.
How long does it take to open a SGD business account?
Once you’ve created a business account with us and submitted your business registration details, you’ll receive access to create a SGD account on our dashboard. With Airwallex, you can open a SGD account online and get access to local account details in minutes. All that is needed is your business’ name.
Why is an SGD account important for my business?
If your business deals with international clients, suppliers, or partners, having a SGD account can simplify transactions. Many global transactions are conducted in SGD, making it easier to receive payments and make payments in the same currency without the need for frequent currency conversions. With the Airwallex SGD global account, you also receive Singapore local bank details. This will make it easier to facilitate various financial operations in Singapore, like invoicing clients. Airwallex's connection to local payment rails also allows businesses to bypass the SWIFT network. This means that businesses can benefit from sending SGD to Singapore like a local transfer, without incurring any SWIFT fees.
How can I use the Airwallex SGD Account as a multi-currency account?
Your Airwallex business account is also a global currency account, which lets you open accounts in 23+ different currencies, including EUR, GBP, and AUD. Use these accounts to receive, hold, and spend in the same currency, eliminating unnecessary conversion.
How can I open a SGD account in Singapore to pay foreign currencies?
You can open an Airwallex SGD Account remotely, without visiting a bank branch. All you need are soft copies of your ID and business registration documents, and your SGD account will be ready in minutes. Click here to get started.