Quick Smooth Guide to Getting a Bank Card in Singapore!

How to Quickly and Smoothly Open a Bank Account in Singapore A Comprehensive Guide

For foreigners living or working in Singapore-be it students, professionals, or new immigrants-opening a local bank account is almost an essential step. Whether for daily spending, receiving salary, or paying utility bills, having a local bank card greatly facilitates daily life. However, for those new to the country, the process of opening a bank account may seem unfamiliar, and some may even encounter obstacles along the way.

This article combines the latest banking policies and user feedback to provide you with a detailed and practical guide to help you smoothly complete the account opening process in Singapore.

1. Choose the Right Bank

Singapore has four major commercial banks DBS Bank, OCBC Bank, United Overseas Bank UOB, and Citibank. Each bank has its own unique services and account opening requirements, so it's best to choose based on your personal needs.

DBS Bank - Known for its digital services, DBS offers a powerful mobile app, making it ideal for young people and tech-savvy users.

OCBC Bank - Popular among local residents, with many branches and attentive customer service.

UOB - Relatively friendly to new immigrants and international students, with some branches offering Mandarin support.

Citibank - Offers extensive international services, suitable for those with frequent cross-border transactions.

Emerging digital banks such as Grab Financial and SeaMoney are also gaining traction, but their services and branch coverage are not yet as comprehensive as traditional banks. They are best used as supplementary options.

2. Prepare the Required Documents

According to guidelines from the Monetary Authority of Singapore MAS, you must provide valid identification and proof of address to open a bank account. The following are commonly required documents

Original and copy of your passport

Visa page or work/student pass e.g., EP, SP, Student Pass

Proof of address - such as a rental agreement, utility bill, or bank statement within the last 3 months

Employer’s letter or student enrollment certificate some banks require this

Income proof or source of funds documentation especially for credit card or loan applications

It’s recommended to contact the bank’s customer service in advance to confirm the exact list of required documents to avoid unnecessary trips.

3. Schedule an Appointment and On-site Process

To save time, most banks offer online appointment booking. You can schedule a visit to your nearest branch via the bank’s official website or mobile app, selecting a convenient time slot.

After booking, make sure to arrive on time to avoid delays.

The typical on-site process includes

1. Submit Documents - Hand over your prepared documents for verification.

2. Complete Forms - Fill in personal details, select account type, and complete a risk assessment questionnaire.

3. Identity Verification - A bank officer will conduct a face-to-face identity check and may ask a few brief questions.

4. Set Password and Receive Card - You can set your ATM PIN on-site. The physical card is usually mailed to your address within 7-10 business days.

Note Some banks require an initial deposit, typically over SGD 100. It’s advisable to bring cash or arrange a transfer in advance.

4. Key Tips and Common Questions

1. Is an appointment necessary?

While some banks accept walk-ins, booking an appointment can significantly reduce waiting time, especially during peak hours on weekdays.

2. Can I use a temporary address proof?

Some banks accept temporary addresses, such as dormitory addresses or short-term rental agreements. Call ahead to confirm.

3. Do I need English translations of documents?

Chinese documents are generally acceptable, but some banks may require official translations. Bring translated copies just in case.

4. Do I need a middleman or referee?

Usually not. However, if you're part of a group account opening arranged by your company or school, there may be a more streamlined process.

5. What if my application is rejected?

If rejected due to incomplete documents or incorrect information, ask the bank for the specific reason and reapply after rectifying the issue.

5. Latest Banking Updates Q3 2025

According to the latest banking service reports from Q3 2025, major banks in Singapore are further streamlining the account opening process and enhancing digital banking experiences.

DBS has launched a contactless account opening service, allowing users to complete identity verification and account setup via video call.

OCBC has improved its financial support for new immigrants, offering multilingual guidance during the account opening process.

With stricter anti-money laundering AML regulations in place, banks are also conducting more rigorous checks on customer identities and fund sources. Providing accurate and complete documentation is key to a successful and smooth application.

6. Conclusion

While opening a bank account in Singapore follows a relatively standardized process, being well-prepared, choosing the right bank, and staying updated on the latest policies can make the entire experience quick and efficient.

Whether you're a new student or a professional seeking career opportunities, this guide will help you smoothly step into your financial life in Singapore.