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How to open an account in Singapore

Everything you need to know to open an account in Singapore for salary deposit, paying bills and day-to-day transactions.

Why open an account with HSBC?

Singapore is strategically positioned as a global financial capital, known for its stability. HSBC’s strong presence in the country/region allows us to meet your financial needs in the Asia Pacific region and beyond, offering you wealth opportunities wherever you are.

  • Access to experienced and multilingual product specialists for information on mortgages, investments, treasury products, insurance and more
  • Multi-currency account that gives you 1% cashback via the Everyday+ Rewards Programme when you transact with the Everyday Global Debit Card
  • Bank securely anytime, anywhere, with the HSBC Singapore app
  • Send money internationally faster and fee-free to over 50 countries/territories
  • Digitally access real-time account opening, day-to-day banking, global money transfers and wealth management across a variety of asset classes

Applying for an account

To apply for an account online, you must be at least 18 years old. HSBC Premier or Premier Elite customers can contact their Relationship Manager or log on to apply.

1. Prepare your documents

Before you start, make sure you have your ID and documents in order. These include NRIC (for Singaporeans or PRs), MyKad (for Malaysian citizens), or passport for all other nationalities.

2. Start your application

If you’re a new customer, you can apply online using HSBC EasyID. You can also apply via our mobile banking app, or by phone appointment with our International Banking Centre.

3. Verify your identity

Take a photo of your ID and a selfie for HSBC EasyID. If you hold a valid FIN and reside in Singapore, you'll need to upload your passport copy and proof of address. Otherwise, we'll send instructions for ID verification by email.

Open an HSBC account

HSBC Everyday Global Account (Premier)

I'd like to qualify using my:

Minimum balance - Keep a minimum Total Relationship Balance of SGD200,000 (or its equivalent in foreign currencies)

Monthly salary - Credit a minimum monthly salary of SGD15,000 into my account (applicable to applicants residing in Singapore only)

Watch the video below to learn how HSBC EasyID makes your account opening even simpler.

HSBC Everyday Global Account (Personal Banking)

You can apply for the Everyday Global Account if you're a Singapore resident. You must also keep a minimum average daily balance of SGD2,000 (or its equivalent) in a single currency or in combined currencies in the account.

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    Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to SGD75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.