Can a Singapore corporate account be opened with a digital bank?

Yes, digital bank and payment accounts such as Airwallex, ANEXT and Aspire can be applied for online, so they are widely used by new companies that find it difficult to visit Singapore. Whether an account is opened depends on the review.

Some of these services are payment service providers rather than banks, so they may differ in nature from a traditional bank account. Check the supported currencies, cards and transfer limits against how you transact before choosing.

• For a new company without a Korean corporate shareholder: account opening can be considered even when the company uses a registered address and a nominee director service.
• As transaction volumes grow: you can start with a digital account and later open a traditional bank account as well.

Lee Kim Alliance provides a corporate bank account opening support service.