4.6/5.0 based on 261 reviews
Regulated
Regulated by the Monetary Authority of Singapore under the Payment Services Act. Find out if you’re eligible.
Faster registration
100% online
0 physical meetings, 100% convenience
No minimum fees, no minimum balance
Beyond a basic account
Incorporate your company, add an accounting package and open a business account
through our all-in-one online platform
Make local and international transfers on the go
Unlike traditional banks, access your entire history of transactions for free!
Simplify company spend with cards for directors and administrators
Manage your expenses easily with a few clicks
Access accounting services with our in-house experts
1) Select an accounting package
2) Complete a simple business account application form
3) We will take care of the rest for you
Annual / Setup Fees
S$0
S$35
S$0
S$144
(S$12/month)
S$54
Initial Deposit
S$1,000
S$1,000
S$0
S$0
S$0
Virtual Corporate cards
Limited
Limited
Coming soon!
Multiple
Limited
Minimum Balance
S$10,000
S$5,000
S$0
S$0
S$0
Accounting
No
No
From S$75/month
No
No
Corporate Secretary
No
No
From S$240/year
No
No
Business Insurance
Yes
Yes
Yes
No
No
Licensed by MAS*
Yes
Yes
Yes
No
Yes
*MAS: Monetary Authority of Singapore
Corporate Cards
Sleek
Multiple
DBS
Limited
UOB
Limited
Aspire
Multiple
Wise
Limited
Initial Deposit
Sleek
S$0
DBS
S$1,000
UOB
S$1,000
Aspire
S$0
Wise
S$0
Annual / Setup Fees
Sleek
S$0
DBS
S$0
UOB
S$35
Aspire
S$144 (S$12/month)
Wise
S$54
Minimum Balance
Sleek
S$0
DBS
S$10,000
UOB
S$5,000
Aspire
S$0
Wise
S$0
Accounting
Sleek
From S$75/month
DBS
No
UOB
No
Aspire
No
Wise
No
Corporate Secretary
Sleek
From S$240/year
DBS
No
UOB
No
Aspire
No
Wise
No
Business Insurance
Sleek
S$0
DBS
S$0
UOB
S$35
Aspire
S$0
Wise
S$54
Licensed by MAS
Sleek
Yes
DBS
Yes
UOB
Yes
Aspire
No
Wise
Yes
Still unsure? Book a time with one of our experts today.
From bookkeeping to tax filing, let us take care of all your compliance. Our expert team will help you grow faster and fitter!
Automate your finances
Marking deadlines and filing paperwork should be the last of your worries. Let us take it off your plate.
Stay compliant
It does not always happen to others. Insure your company from unexpected events.
Protect your business
You're in good hands
Amiya Patanaik
CEO & Co-Founder, Neurobit
“I recommend Sleek to almost all my entrepreneur friends. Whoever is starting a new company, I would say just go for it, one less thing to worry about.”
Navneet Kaur
Founder & CEO, Yours
“My company admin all managed in one place and I have one point of contact to make it super easy for me to manage it”
Shivam Mani Tripathi
Co-founder & CTO, Privyr
“I would highly recommend Sleek to any person starting a company, if they do not want to spend a lot of time on registering their company.”
No, Sleek Business Account is not a bank. Sleek is regulated under the Payment Services Act, regulated by the Monetary Authority of Singapore (MAS), with the Major Payment Institution (MPI) licence No. PS20200521.
All client deposits are securely stored in a Segregated Customer Account with DBS Bank Ltd, Singapore’s leading bank. According to the regulation, Sleek is not permitted to access the funds at any time or use the funds for company operations.
Currently, Sleek Business Account provides Virtual Accounts in SGD currency only. However, we will be adding multi-currency functionality soon!
Sleek is live 24/7! However, Sleek Customer Service is available during business hours. If you have an urgent matter, you can call us at +65 6909 2214 or email us at [email protected].
Like all Virtual accounts (VA), you will not be able to make any cash or cheque transaction using your Sleek Business Account. However, you will be able to make both local and international transfers and debit card payments via your SBA.
Definitely! Sleek Business Account allows you to send and receive money both locally and internationally or pay using your corporate debit card.
The Sleek Business Account is a free Virtual Account for your company, that allows you to instantly start receiving and sending payments. With SleekPay Business Account, you can expect to enjoy the privileges of
1. Competitive Foreign Exchanges Rates
2. Free Local Transfer via FAST
3. Free Corporate Debit Cards
4. No Service Fees
5. No Minimum Account Balance.
Terms and conditions apply, you may also view our privacy policy and end user agreement via the respective links.
At the moment, we do not offer connections to Xero. But this is something we are working on, we will let you know once this is available.
Nevertheless, we do understand the convenience that Xero brings. This is why for Sleek Business Account users who are also subscribed to Sleek accounting services, our accountants have access to your bank statements and will be able to input your transaction details manually in Xero, hence you will not need to submit any bank statement to us.
Currently, the Sleek Business Account does not support Paynow transactions. However, we are looking into this for our upcoming enhancements. In the interim, if you have recurring collections, using FAST could be a better alternative as your payor only needs to save your account number in their banking app and thereafter it is easy to pay you. Furthermore, local transfer fees are absorbed by Sleek!
Currently, you are able to receive incoming Giro payments, however, you will not be able to set up a standing Giro instruction to collect recurring payments. We are looking into this for our upcoming enhancements. In the interim, if you have recurring collections, using FAST could be a better alternative as your payor only needs to save your account number in their banking app and thereafter it is easy to pay you. Furthermore, local transfer fees are absorbed by Sleek!
Currently, you will not be able to make Giro payments.
However, we are looking into this for our upcoming enhancements. In the interim, if you have recurring payments, using FAST could be a better alternatives as you only need to add your beneficiary account number once in the Sleek Business Account web app and thereafter it is easy to make future payments. Furthermore, local transfer fees are absorbed by Sleek! You may refer here to learn how to add beneficiaries and send money.
We have put together a guide that provides more information on the following:
Find out if you’re eligible.
The Sleek Business Account is available with all our accounting packages. Simply select your preferred accounting package in our onboarding form and opt-in for the business account option. You will subsequently need to complete a short application form. All applications are subject to approval. See eligibility criteria.
Alternatively, contact [email protected] with your company name and contact details and the Sleek team will contact you for further details if necessary.
Sleek offers a quick account opening for the Sleek Business Account. Account opening will take 5 working days from signing up to an accounting package and/or the incorporation of your company (if not already incorporated).
None! All documents were previously collected by our team when you joined us.
However, as per the Monetary Authority of Singapore’s requirement, we may need you to submit additional KYC/ KYB documentation via a seamless process.
No need to worry about losing your debit card, the Sleek Business Account Virtual Corporate Debit card is a free to use debit card similar to a regular debit card – except that the card information is stored securely and displayed electronically via the Sleek Business Account web app. With no default spend limit, you can spend whatever is the available balance in your Sleek Business Account account. Terms and conditions apply and you may also view our privacy policy here.
If you do not have an existing Corporate Debit Card, please follow the steps below to request for your Corporate Debit Card:
Every users with access to the Sleek Business Account will be entitled to the Virtual Corporate Debit Card. With every transaction logged under your corporate Sleek Business Account, you will be able to see all cards spend via the SleekPay Business Account web app. To request for an additional card, email the new user name and designation to [email protected].
None! All documents were previously collected by our team when you joined us.
However, as per the Monetary Authority of Singapore’s requirement, we may need you to submit additional KYC/ KYB documentation via a seamless process.
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© 2022 Sleek Tech Pte Ltd | 160 Robinson Road, #14-04 SBF Center, S068914 | +65 6929 8273 | ACRA Professional No. 201708433H | MOM EA Licence #17S8937 | Monetary Authority of Singapore (MAS) Major Payment Institution (MPI) licence No. PS20200521
30 Days Money Back Guarantee
We care about you – within 30 days from your purchase, if you’re unhappy with our services, we’ll refund our fee. Email or call us, and we’ll process the refund within five working days.
We will not be able to refund Government fees once the application has been submitted, nor any third-party processing fees.
We cannot guarantee any specific legal outcomes when you use our services. For instance, a company registration might be filed correctly but still get rejected by the Company Registry for reasons beyond our control. We can only refund our fees for issues we are directly responsible for. In the case that you purchase a service and later change your mind, we can’t issue a refund.
Our customer support team is at your disposal for any questions or issue you may face.
Need help?
Our sales team is available from Mon - Fri 9am to 10pm (Singapore Time)
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