DBS is Singapore's largest bank and the most widely used by expats. The DBS/POSB app is one of the best banking apps in Southeast Asia. Digital account opening available for Employment Pass holders. DBS also operates in Hong Kong, India and other markets, useful for those moving between Asian financial centres.
OCBC is competitive and has a strong private banking and wealth management offering for those with higher asset levels. The OCBC app is also well-regarded. Good for those who may want to consolidate investments and banking.
UOB has the strongest regional presence across ASEAN — branches and accounts in Thailand, Malaysia and Indonesia. Useful for expats who move regularly between Southeast Asian countries.
Employment Pass (or Dependant's Pass) · Passport · Proof of address in Singapore (tenancy agreement or utility bill in your name). Account opening can often be done digitally for EP holders through each bank's app or website.
PayNow is Singapore's equivalent of the UK's Faster Payments. Instant SGD transfers between accounts using mobile number or NRIC/FIN number. Free to use. Essential for receiving local payments and splitting bills. Register through your bank's app once the account is open.
Wise and OFX both support direct GBP to SGD transfers to Singapore bank accounts. See the UK to Singapore transfers guide →
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