How to Easily Apply for a Singapore Bank Card in China? A Complete Guide

How to Conveniently Open a Singapore Bank Account from China A Comprehensive Guide

As global economic integration deepens, more and more Chinese citizens are paying attention to opening overseas bank accounts-particularly in Singapore, a global financial hub. Known for its stable financial environment, robust banking system, and convenient cross-border financial services, Singapore has become a top choice for investors, international students, and overseas workers. So, how can you conveniently open a Singapore bank account from China? This guide will walk you through the entire process.

1. Why Choose a Singapore Bank?

Singapore is one of Asia's most influential financial centers. Its banking sector is renowned for efficiency, security, and high-quality service. Major banks like DBS Bank, OCBC Bank, and United Overseas Bank UOB offer multi-currency accounts and streamlined cross-border transfer services.

Singaporean bank accounts offer significant advantages in international payments, overseas investments, and student remittances. According to data released by the Monetary Authority of Singapore MAS in Q1 2025, there has been a growing trend of non-residents opening bank accounts in Singapore, especially among clients from China, India, and Southeast Asia. This trend is closely linked to Singapore’s continuous efforts to improve its financial services environment.

2. Who Should Consider Opening a Singapore Bank Account?

International students Ideal for paying tuition and living expenses, avoiding foreign exchange conversion losses.

Overseas workers Useful for receiving overseas salaries and managing assets.

Cross-border investors Helps with overseas asset allocation and investment planning.

Freelancers and exporters Facilitates international settlements and reduces intermediary bank fees.

3. Main Ways to Open a Singapore Bank Account

1. Apply through a Domestic Partner Bank

Several major Chinese banks, such as Bank of China and Industrial and Commercial Bank of China ICBC, have established partnerships with Singaporean banks. These domestic banks can assist with preliminary document verification and schedule account openings. For example, Bank of China collaborates with DBS Bank, allowing clients to submit documents through BOC, which are then forwarded to DBS for review. After approval, customers can choose to activate their account in person in Singapore or via remote video verification, depending on the bank’s policy.

2. Remote Video Account Opening

With the rise of digital banking, some Singaporean banks now offer remote video account opening. Clients no longer need to travel to Singapore; instead, they complete identity verification and document confirmation via video call. OCBC Bank’s Global Access service, for instance, allows non-residents to open accounts remotely. Required documents include a valid passport, proof of address, and proof of source of funds. Clients must book a video session in advance.

3. In-Person Account Opening in Singapore

If feasible, visiting Singapore in person is the most straightforward method. Clients can book an appointment online, bring all required documents to a branch, and open the account on-site. This method offers full transparency, complete service support, and immediate account activation.

4. Required Documents

While specific requirements may vary by bank, the following documents are typically needed

Original and copy of a valid passport

Visa or entry records

Proof of address e.g., utility bills or bank statements from the past three months, in English or bilingual format

Proof of source of funds e.g., employment letter, income statement, or bank deposit certificate

Application form available for download from the bank's website or filled out on-site

It is highly recommended to confirm the exact document list with the bank in advance to avoid delays.

5. Step-by-Step Guide to the Application Process

1. Choose a Bank and Review Requirements

Select a suitable bank based on your needs and review its account opening policies via its official website or customer service.

2. Prepare Required Documents

Gather all necessary identity, address, and fund-related documents as required.

3. Submit Application or Schedule Appointment

You can apply through a domestic partner bank or directly contact the Singaporean bank to book a video or in-person appointment.

4. Complete Identity Verification

For remote accounts, a video call will be used for verification. For in-person accounts, bring your documents to the designated branch.

5. Wait for Approval and Activate Account

Upon approval, the bank will notify you of successful account creation and guide you through activation and next steps.

6. Important Considerations

Exchange rates and fees Different banks charge varying fees for cross-border transfers. Be sure to compare before opening an account.

Account maintenance Some banks impose management fees for accounts with low balances. Review the terms carefully.

Compliance Ensure your funds are legally sourced to avoid issues with anti-money laundering AML regulations that could lead to account freezing.

7. Future Trends Accelerated Growth in Digital Banking

According to a June 2025 report by Lianhe Zaobao, the Monetary Authority of Singapore is actively promoting the development of digital banking services, encouraging banks to offer more convenient remote account opening and online banking features. This indicates that opening a Singapore bank account from China will become even more efficient and accessible in the future.

Conclusion

With deeper financial cooperation between China and Singapore and the widespread adoption of digital services, opening a Singapore bank account from China is no longer a complex task. Whether through domestic partner banks, remote video verification, or visiting Singapore in person, a well-prepared and clear understanding of the process will allow you to smoothly open a Singapore bank account-providing strong support for your overseas studies, work, or investments.