Singapore corporate bank account opening
Partner support for Aspire and OCBC Singapore — efficient preparation, coordinated referral, and dedicated support.
Banks and finance platforms assess every company under their own compliance and risk policies.
What providers need to understand
- Who owns and controls the company
- What the business sells and how it operates
- Where customers, suppliers and funds are located
- Expected account activity and transaction values
- Source of funds and commercial evidence
How SG Corp Services helps
- Reviews the company profile before referral
- Identifies the suitable Aspire or OCBC route
- Organises the required corporate and KYC documents
- Coordinates queries through our partner contacts
- Supports the client until the provider gives its decision
Complete and consistent information can reduce avoidable clarification requests and delays.
We help clients evaluate the operating model before selecting an account provider. The most suitable option depends on ownership, industry, markets, transaction needs and compliance profile.
A digital finance platform for modern businesses that need online account access, payments, corporate cards and expense controls.
- Suitable for digital and internationally active businesses
- Online onboarding and finance operations
- Multi currency capabilities subject to approval
- Basic plan available at S$0 per month
- Multi currency accounts in SGD, USD, GBP and EUR
- Payments in more than 30 currencies across more than 130 countries
- Virtual and physical corporate cards for eligible businesses
- Expense, invoice, bill, budget and approval tools
- Online and mobile access without a physical branch visit
Best suited when your company needs: digital onboarding, international collections and payments, team cards and controlled spending, and integrated finance workflows.
Aspire is a payment services institution and digital finance platform. It is not a bank.
An established Singapore bank offering business accounts, digital banking, local payments and wider banking solutions.
- Suitable for startups, SMEs and established companies
- Local banking with OCBC Business app and Velocity
- Business and multi currency account options
- Business Growth Account for Singapore registered businesses
- S$1,000 initial deposit for the Business Growth Account
- 80 free FAST and 80 free GIRO transactions each month
- Multi Currency Business Account supporting 13 major currencies
- Access to broader banking, cash management and trade solutions
Best suited when your company needs: a Singapore bank relationship, local payments and collections, business and multi currency accounts, and potential access to wider banking services.
Account features, charges and promotions are subject to the selected product and current OCBC terms.
This comparison is a starting point. Our team will review the full profile before referral.
| Consideration | Aspire | OCBC |
|---|---|---|
| Provider type | Digital finance platform | Singapore bank |
| Primary strength | Digital payments, cards and spend controls | Business banking and wider financial services |
| Currency capability | SGD, USD, GBP and EUR accounts | SGD account plus 13 currency business account option |
| Access model | Online and mobile | Online, mobile and bank support |
| Common fit | Digital, lean and internationally active companies | Businesses seeking a traditional banking relationship |
| Final approval | Subject to Aspire assessment | Subject to OCBC assessment |
The exact checklist depends on the provider, ownership structure, industry and countries involved. We review the pack for clarity and consistency before submitting the partner referral.
Company and ownership
- ACRA Business Profile and constitution
- Passports and residential proof of directors and beneficial owners
- Ownership chart for layered or overseas structures
- Board resolution or account mandate where required
- Company Constitution
- Shareholding structure chart
- Information about corporate shareholders
- Business licences where applicable
Business and transaction profile
- Business plan and clear activity description
- Customer and supplier contracts, invoices or quotations
- Expected currencies, countries and transaction values
- Source of funds and financial evidence
- Website, professional profile and operational proof
- Expected monthly transactions and countries involved
- Source of funds or source of wealth documents
Mandatory company and identity documents
- Latest ACRA Business Profile or BizFile
- Applicant passport, national ID, PR card or eligible driving licence
- Identity document for at least one company director
- Identity documents for all Ultimate Beneficial Owners
- Proof of address when the identity document does not show it
Identity document standards
- Clear copy showing full name and photograph
- Shows date of birth, nationality and expiry date
- Valid for at least 30 days when submitted
- Utility bill, telephone bill or bank statement
- Tenancy agreement, official contract or third party document
- Applicant details must match the identity document
Directors, owners and authorised users
- Full legal name of every director
- Nationality and country of residence
- Date of birth for every director
- Residential address proof where required
- Full name, nationality and country of residence for each owner
- Identity document for every beneficial owner
- Percentage of ownership for each shareholder
- Letter of Authorisation if the user is not a director
Supporting commercial evidence
- Business website or online profile
- Customer or supplier contracts
- Sales invoices or purchase invoices
- Proof of business activities
Submit all records digitally through Aspire. Director, beneficial owner and supporting documents may be uploaded as PDFs.
Prepare one consistent ownership record covering directors, shareholders and Ultimate Beneficial Owners. The Letter of Authorisation must be signed by a director.
One point of contact from initial assessment through provider queries.
Understand
Business, ownership, countries and banking needs.
Recommend
Suitable Aspire or OCBC account route.
Prepare
KYC documents and commercial evidence.
Refer
Coordinated introduction through our partner channel.
Support
Clarifications, additional documents and follow up.
Activate
Account access after independent approval.
Our involvement improves coordination but does not guarantee account approval.
Our exclusive service combines corporate knowledge with coordinated partner access.
- We already understand your Singapore company structure
- We explain the business profile in a clear and consistent manner
- We identify missing information before the partner review
- We coordinate communication with the relevant partner contact
- We support additional information requests without losing context
- We can continue with accounting, payroll and compliance after opening
One team
- Company setup
- Account referral
- Document coordination
- Ongoing compliance
Efficient, responsive and professionally coordinated.
Aspire and OCBC independently assess each application. Product availability, fees and features remain subject to prevailing terms.