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Private Banking in Singapore

Being one of the world’s leading financial centers, Singapore provides an extensive range of options for investors to set up wealth management/private banking accounts.

For example, all major global private banks establish their subsidiaries in Singapore, and reputable smaller institutions tend to do the same.

Minimum balance requirements vary from $1,000,000 - $5,000,000 US Dollars.

Applications can be made from Singapore and from abroad. To apply for private banking account from Singapore, potential customer should come to the country and visit bank’s office in person. Alternatively, overseas applications are usually submitted through the parent bank’s office or through personal meeting with a banker who is visiting foreign country.

Besides identity verification, private banks in Singapore scrutinize the origin of their clients’ funds.

Therefore, the procedure of establishing a private banking account is more complex than for normal savings accounts.

With our professional assistance you can achieve your goal of setting up a private banking account in Singapore in an efficient and compliant manner.

Please contact our team so we can introduce you to the most reputable private banks in Singapore.