UOB Singapore

: 2024 Review

Price: 
Free (depending on account, minimum account balance is required)
Countries:
Singapore

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UOB Singapore

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Review

UOB, short for United Overseas Bank, is a leading bank in Singapore, offering a wide range of banking products and services to individuals and businesses. It is the third-largest bank in Southeast Asia, with over 500 branches and offices in 19 countries.

Here are some of the bank account types that expats can use in UOB Singapore:

  • UOB One Account. Versatile account that offers a variety of features, including cash management, savings, and credit card facilities. Initial minimum deposit = S$1,000.
  • Uniplus Account. Statement-based savings and comes with a UOB One Debit Mastercard which you can use to get up to 10% rebate on online shopping, groceries, transport, and more.
  • UOB Global Currency Account. A multi-currency account that allows you to hold and manage multiple currencies in one account.
  • UOB Global Currency Premium Account is a premium version of the UOB Global Currency Account that offers higher interest rates and more features, such as access to foreign exchange trading services.
  • UOB Wealth Account. For expats with >S$100k in assets. Lowest tier of wealth management services that provides you with a dedicated relationship manager, wealth banking centers in Singapore, and priority banking services.
  • UOB Privilege Account. For expats with >S$350k in assets. Similar to Wealth but offers privilege banking centers across Malaysia, Indonesia, China, Vietnam, and Thailand.

To open a personal or business account in UOB Singapore as a non-resident, you will need to:

  • Visit a UOB branch in person
  • Bring your passport and other identification documents
  • Complete the necessary paperwork
Dexter Zhuang
Dexter Zhuang

Dexter is the founder of Money Abroad, a website and newsletter on building wealth for global professionals. Over the last 10 years, he's been a product leader, product manager, consultant and coach at companies like Dropbox, Xendit, and growth-stage startups across the US, Asia Pacific, and Latin America. His work has been featured in global publications like Business Insider, CBS, US News & World Report, and Tech in Asia. He graduated from Dartmouth College.

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