UOB Corporate Account Opening in 2025: Everything You Need to Know

Comparing UOB business accounts? Here’s the short version of what each one does — and who each suits. We cover the UOB eBusiness Account, the UOB Corporate Current Account, and multi-currency options.

This guide includes:

• UOB business account types and who they suit
• The UOB business account opening process and documents you’ll need
• Key fees and day-to-day charges, including digital banking via UOB Infinity

We’ll also highlight an alternative for low-cost international payments: the Wise multi-currency business account.

Table of contents
Overview of UOB business banking accounts fees UOB eBusiness Account UOB BizTransact Account UOB Corporate Current Account UOB BizGlobal Account (USD) Corporate Global Currency Account How to open a UOB business account Save on your international business payments with Wise Business UOB Business Account FAQs

Overview of UOB business banking accounts fees

Here are the costs you need to know about before you get started with UOB business banking.

UOB may vary or waive some charges for new customers as an opening offer. You may also find that there are other promotions in operation from time to time.

You can also open a foreign-currency account — fees vary by currency. Check specific product pages for the latest details¹.

Account	Minimum opening deposit	Minimum average daily balance	Fall-below fee	Other fees: early-closure/internet banking/service
UOB eBusiness Account	1,000 SGD	5,000 SGD	15 SGD per month waived for the opening month and the next 11 months.	Early closure is 50 SGD within 12 months UOB waives Infinity bulk-service fees until 31 December 2025; it handles cheques and over-the-counter transactions separately.
UOB BizTransact Account	1,000 SGD	50,000 SGD	50 SGD per month waived for opening month + next 1 month	Early closure is 50 SGD within 12 months UOB Infinity bulk-services promo fee waivers till 31 December 2025.
UOB Corporate Current Account	1,000 SGD	10,000 SGD	35 SGD per month	Early closure is 50 SGD within 6 months Annual account fee is 35 SGD.
UOB BizGlobal Account (USD)	1,000 USD	80,000 USD	80 USD per month waived for opening month + next 1 month	Early closure is 50 SGD within 12 months.
Corporate Global Currency Account	Varies by currency, like 1,000 USD, 650 GBP, or 900 EUR	Varies by currency, like 8,000 USD or 5,000 GBP	Varies by currency — view product page	Varies by currency — view product page

Details accurate as of 25 October 2025

Here are the UOB business account options currently listed in Singapore — who they suit and the headline features. If you’re comparing accounts or planning a UOB corporate account opening, scan this first, then dive into the product pages.

UOB eBusiness Account

An everyday SGD account is one that many new companies start with. It’s lightweight, digital-first, and designed for simple pay/collect needs. If you’re price-checking, look at typical UOB eBusiness Account fees and any current rebates on local transfers; these change from time to time²:

• Two-month fall-below fee waiver; FAST/PayNow and GIRO effectively “free” via rebates — up to stated caps — access to UOB Infinity and the UOB SME banking app.
• Min. average daily balance: 5,000 SGD. Annual account fee: 35 SGD
• Cheque book is available — fee applies. It includes promotional perks that change over time.

UOB BizTransact Account

Built for firms that move money often — payroll and suppliers. Think higher transaction volumes, bulk services, and “effective” free local transfers via rebates up to stated caps³.

Rebates can make FAST/PayNow and GIRO effectively “free,” up to stated caps, plus complimentary bulk services and a Corporate ATM Card.

Also advertises preferential cross-border payment fees like UOBSend promotions.

UOB Corporate Current Account

A straightforward SGD, UOB Corporate Current Account with a free Corporate ATM Card, low initial deposit: 1,000 SGD⁴.

It has a UOB corporate account minimum balance of 10,000 SGD and fall-below fee of 35 SGD per month.

Suits established firms that still want branch/ATM access alongside UOB Infinity (UOB business internet banking Singapore).

UOB BizGlobal Account (USD)

UOB company account aimed at exporters and importers in USD: earns interest from the first dollar, waives inward TT fees, and offers flat outward TT pricing plus UOBSend promos. Minimum average daily balance and fall-below fee are in USD⁵.

Good if you mainly invoice or pay in USD.

Corporate Global Currency Account

Multi-currency operating account for daily transactions in major currencies like USD, EUR, or GBP. Each currency has its own initial deposit, minimum average balance, and monthly fee model: fall-below or service fee⁶.

Handy if you hold and pay in multiple currencies.

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How to open a UOB business account

Steps vary by your entity type and the account you choose.

For most local sole proprietors, partnerships, and private limited companies, UOB business account opening can start online; others can complete UOB corporate account opening in-branch. UOB may request extra documents based on your structure or ownership.

If you’re a new or micro-enterprise, confirm your entity type, ACRA profile, IDs, and resolutions where needed for UOB SME account opening.

Check if you can apply online

You can apply online if your business is a Singapore-registered sole proprietorship, partnership, or private limited company fully owned by Singapore Citizens or Permanent Residents.

For private limited companies, directors must also be approved signatories/approved persons (max 5). If you apply between 8:30 am and 9:00 pm (SGT), UOB can open your account instantly. After those times, UOB processes account requests the next working day. All applications are subject to approval and extra document requests.

Get your documents ready

UOB publishes checklists for each entity. Expect an Account Opening Form, ACRA Business Profile, IDs (NRIC/Passport), proof of address for foreigners, and FATCA/CRS declarations. Some entities also need a resolution and constitutional documents:

• Partnership/LLP: Partnership Deed + Account Opening Resolution
• Private limited: Constitution + Account Opening Resolution + CRS form
• Society/club/association/clan: Rules/Constitution + ROS certificate/Registrar approval/Government Gazette listing
• Foreign-incorporated company: Certificate of Incorporation + Memorandum & Articles/Constitution; IDs of all approved persons/signatories

Submit your application

• Online: If you meet the criteria above, submit between 8:30 am and 9:00 pm (SGT)
• At a branch: Bring your forms and supporting documents. For both the UOB eBusiness Account and the UOB Corporate Current Account, the minimum initial deposit is 1,000 SGD.

Opening budget

You’ll need to budget for two opening fees:

• Initial deposit: 1,000 SGD for eBusiness and Corporate Current
• Foreign-incorporated company setup: a one-off 500 SGD account setup fee — applies across business accounts

After opening your account, you can compare card options in our UOB corporate credit cardguide.

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Save on your international business payments with Wise Business

If you sell or hire across borders and engage overseas suppliers frequently, a traditional corporate bank account may not be the best option. Costly hidden exchange rate markups and excessive currency conversion fees can quietly eat into your company’s profits, and make it difficult to forecast cash flow.

💡Whether you're handling one-off invoices, recurring payments, or mass payouts, Wise Business makes it easy to simplify your financial operations and maximise profits.

• Fast and secure payments to countries with no exchange rate markups.
• Always get the mid-market rate with transparent conversion fees starting from .
• Send up to 1,000 payments with just one transfer using Batch Payments.
• Enjoy lower fees when sending amounts above 20,000 GBP (or equivalent in your currency).

➡️Start Paying Overseas Invoices for Less with Wise Business

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How to reduce fees in UOB Business accounts

Stay on eBusiness if you’re early-stage. Balances are modest, and 90%+ of flows are local via FAST/PayNow/GIRO. The first-year fall-below fee waiver plus free Infinity access keeps carrying cost low while you’re finding product-market fit.

Move to BizTransact when your monthly payouts spike — and bulk services become routine; no annual fee, and listed free local rails keep unit costs predictable as volume rises.

Choose UOB Corporate Current Account if you want branch/ATM access and a Corporate ATM Card with a straightforward SGD current account — budget for the higher minimum balance.

Add BizGlobal (USD) or Corporate Global Currency when revenue or costs are foreign-currency-heavy and you need to hold/transact in those currencies daily. Validate the minimum balances, fee types, and any currency-specific quirks.

Review your account quarterly. If eBusiness fees start creeping up because of volume or cash handling, that’s your upgrade signal. If you’re paying foreign-exchange costs frequently, consider adding a foreign-currency operating account — rather than forcing everything through SGD.

Approval controls in Infinity. Even simple maker-checker flows prevent mistakes as transaction counts climb. UOB flags Infinity as the standard business banking channel for these products.

Default to digital rails. Keep cash-over-counter and cheques for exceptions only — digital transfers are where the bundled/free benefits and any listed digital rebates sit. Independent reviews also highlight UOB’s digital rebate program for online payments.

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Conclusion

Pick the account that matches how you pay, receive, and hold funds today—then leave room to scale.

If you want a fast start for local payments and lower balances, the UOB eBusiness Account is the simplest path. Fees are easy to forecast, and you can access promotional rebates on local rails via UOB Infinity. It suits businesses that mostly pay and get paid in SGD and don’t need branch services often.

If you need everyday branch access and a Corporate ATM Card, the UOB Corporate Current Account fits. Plan for the 10,000 SGD minimum balance to avoid the fall-below fee. It’s a good match if you deposit cash, need cashiers’ orders, or expect in-person servicing.

If your operations are genuinely multi-currency, the UOB Corporate Global Currency Account lets you hold and receive foreign-currency balances. View the fee table closely: some currencies charge a monthly service fee instead of a fall-below fee. This works best if you regularly invoice or settle in specific foreign currencies.

If you sell or buy internationally and want flexibility without opening extra bank accounts, Wise Business is a strong alternative business account. Wise lets you receive money with local account details in several currencies, convert at the mid-market rate, send global payments often for less fees, and use the Wise Business debit card to pay for foreign currency-billed SaaS subscriptions and other ad-hoc business expenses without the extra foreign transaction fees on the card.

➡️Check out Wise Business to start scaling internationally

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UOB Business Account FAQs

Which account fits a new SME in Singapore?

If you’re lean and mostly local, start with UOB eBusiness. When monthly payouts and bulk files become routine, move to BizTransact.

What’s needed for a UOB business account opening?

Have your ACRA Business Profile, directors’ IDs, and a board resolution for companies. Most cases can start online; complex structures may need extras.

Is there a UOB corporate account minimum balance?

Yes — certain tiers like UOB Corporate Current Account require a minimum average balance with fall-below fees. If you’re early-stage, consider eBusiness to avoid surprises.

How are fees handled?

Typical UOB eBusiness Account fees relate to transfer rails, cash/cheque usage, and telegraphic transfers. Use digital payments to keep the run-rate low.

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Sources:

1. UOB Business Accounts - information
2. UOB eBusiness Account - information
3. UOB BizTransact Account - information
4. Corporate Current Account - information
5. UOB BizGlobal Account - information
6. Corporate Global Currency Account - information

Sources checked on 26th October 2025