Sleek Banking Solutions for Your Business

Incorporate with Sleek and unlock seamless digital banking with our partner Airwallex.

4.5/5.0

Trusted by over 450,000 businesses worldwide

Partner Spotlight: Airwallex

Sleek × Airwallex exclusive

S$400

in cashback

Earn 10% cashback on card spend, up to S$400.

S$150 in Sleek Credits when you open your Airwallex account with Sleek*
Priority onboarding — your account ready within 24 hours

Transfers to 120+ countries

Send via local rails and bypass SWIFT fees, with free transfers to 60+ regions.

FX from 0.2%

Convert above interbank rates as low as 0.2% — no forced double conversions.

Get paid online

Payment links and a gateway that accept credit cards and 160+ payment methods.

Multi-currency card spend

Use your corporate card in 10+ currencies without cross-border fees.

Instant and employee cards

Issue virtual cards instantly, set spending limits and track expenses in real time.

Accounting integration

Sync transactions to your accounting software automatically for faster reconciliation.

Learn more

Choose a plan that fits your business needs

MOST FOUNDERS START HERE

Recommended

Founder Launch Kit

Registered, supported all year

SG$600

SG$700

Incl. S$375 govt fees

+ up to S$550 back with Airwallex account

Save 15%

Registration

12-month corporate secretary

Ready to trade

10% OFF

Recommended

Compliance

Books and taxes, handled

SG$1,600

Incl. S$375 govt fees

Save 15%

Everything in Founder Launch Kit, plus

Accounting and Tax

Finance Tools

S$350 off with accounting. ACRA registration and Sleek setup fee on us.

10% OFF

🎁 Free incorporation

Recommended

Full Compliance

Fully compliant, privacy protected

SG$2,000

Incl. S$375 govt fees

Save 15%

Everything in Compliance, plus

Registered Address & Mailroom

S$350 off with accounting. ACRA registration and Sleek setup fee on us.

15% OFF

🎁 Free incorporation

*Prices shown are exclusive of VAT

Compare plan details

Show key differences only

Feature

Founder Launch Kit

Compliance

Full Compliance

Company Incorporation

Singapore company registration with ACRA (S$315 government fee included)

Company Constitution prepared (memorandum and articles)

Post incorporation documents (share certificates, registers, minutes book)

Corporate Secretary

Preparation and filing of annual return (S$60 government fee included)

Appointment of directors, company secretary and auditors

Resignation of directors, company secretary or officers

Update of officers’ particulars

Business Account

Digital opening of multi currency business account (SGD + 11 currencies)

No minimum balance, deposit or monthly fees

Local and international transfers, virtual debit card and low FX rates

Virtual cards with spend control

Platform & Support

Unlimited e-signatures

Digital document storage

Partner perks benefits

Unlimited ongoing support

Accounting and Tax

Accounting setup and onboarding

WhatsApp and digital receipt submission

Tax support and guidance

Multi currency accounting support

Sleek accounting software access

Registered Address and Mailroom

Registered office address in CBD Singapore

Digital mailroom with mail scanning and upload

Online document storage for company correspondence

Select your preferred currency:

Recommended

Starter

Registered and compliant, remotely

SG$2,600

Incl. S$375 govt fees

Save 15%

Nominee director

3 months

Registered office address

Included

Business account + debit
card*

Included

Employment Pass application

–

Plus, full company registration, 12-month corporate secretary, annual accounting & tax filling, and digital mailroom included.

Recommended

MOST CHOSEN BY FOREIGN FOUNDERS

Full Compliance

Hands-off year-round compliance

SG$4,000

Incl. S$375 govt fees

Nominee director

12 months

Registered office address

Included

Business account + debit
card*

Included

Save 15%

Employment Pass application

–

Plus, full company registration, 12-month corporate secretary, annual accounting & tax filling, and digital mailroom included.

Recommended

Full Compliance + Visa

Incorporate and relocate together

SG$4,188

Incl. S$375 govt fees

Nominee director

6 months

Registered office address

Included

Business account + debit
card*

Included

Save 15%

Employment Pass application

Included

Plus, full company registration, 12-month corporate secretary, annual accounting & tax filling, and digital mailroom included.

*Prices shown are exclusive of VAT

Compare plan details

Show key differences only

Feature

Starter

Full Compliance

Compliance

Company Incorporation

Singapore company registration with ACRA (S$315 government fee included)

Company Constitution prepared

Post incorporation documents (share certificates, registers, minutes book)

Preparation and filing of annual return (S$60 government fee included)

Appointment and updates of company officers

Ongoing compliance support

Registered Address & Digital Mailroom

Singapore registered office address (CBD)

Secure digital mailroom access

Mail scanning and upload

Accounting & Tax

Accounting setup and onboarding

Digital receipt submission

Tax support and guidance

Sleek accounting software access

Business Banking

Multi-currency business account opening (subject to approval)

SGD + 11 currencies supported

Virtual debit cards and international transfers

Nominee Director

Local resident nominee director provided to satisfy ACRA requirements

Included duration

3 months

12 months

6 months

Visa Support

Employment Pass visa application service

Additional Value

Partner perks included

Up to S$6,000

Partner Spotlight: Aspire

Up to 3.45% p.a. on idle cash*

Put surplus funds to work with Aspire Yield, with no lock-ins.

1% unlimited cashback

Free virtual cards that earn on SaaS and digital marketing spend.

Team spend controls

Real-time expense tracking and spend controls for every card.

30+ currencies, one account

Manage SGD, USD, EUR and GBP from a single account.

FX from 0.22%

Competitive FX rates designed for global businesses.

Priority onboarding

Account activated in as fast as 1–3 business days (subject to KYC/KYB).

Sleek × Aspire exclusive

US$200

cashback on deposits

US$200 on deposits above US$1,000 — rising to US$500 above US$100,000.

Free Aspire Premium account for 3 months
S$100 in Sleek Credits when you open your Aspire account with Sleek

Learn more

Choose your Growth Engine

Sleek Business Account

S$0

to open and run

No minimum balance, no opening deposit, and no monthly or annual fees
MAS-licensed Major Payment Institution, with funds safeguarded at DBS Bank
100% online — apply from overseas and open it alongside your incorporation

Sleek × Airwallex exclusive

S$400

in cashback

Earn 10% cashback on card spend, up to S$400
S$150 in Sleek Credits when you open your Airwallex account with Sleek*
Priority onboarding — your account ready within 24 hours

Learn more

Open a business account in Singapore in four steps

Join Sleek

Incorporate your company with Sleek or sign in to your dashboard to get started.

Choose your banking partner

Once your setup is underway, select Airwallex directly from your Sleek dashboard.

Fast-track application

Use your exclusive Sleek referral link to apply. Our partners provide priority review for Sleek clients.

Transact globally and seamlessly

Activate your account in as fast as 48 hours to start transacting globally. Enjoy priority perks including exclusive cashback and market-leading FX rates.

What does Sleek handle when you open the business account?

Swipe to see all four

Identity verification (KYC)

Directors and shareholders complete a short video check, including passport and proof of address.

Customer Due Diligence (CDD)

Source-of-funds, intended business activity and ownership structure reviewed against MAS requirements.

Account setup

Account details, dashboard access and signatory permissions configured for your company.

Banking integration

SleekBooks bank-feed connection so transactions reconcile automatically.

What Singapore founders say about Sleek

“Had an extremely pleasant experience dealing with the Sleek platform. Sleek understood the urgency of setting up the account quickly and expedited the request, resulting in the entity being set up in less than 3 hours.”

– Andrew Lai | Owner, Aetna Insurance Brokers Pte. Ltd. · Speed of setup

“They helped with Seed EIS, R&D and implementing an online cloud bookkeeping system through Xero. Sleek has undoubtedly helped us grow our business.”

– John-Guy Park | Founder & CEO, Workfutur Pte. Ltd. · Multi-year customer

“Sleek is an absolute breeze to work with. They make the entire process of incorporating your business and the AGM work like clockwork. Their advice has always been spot on and they by far have the most competitive rates on the market.”

– Sheila Karpe | Founder, Unearth Balance · Incorporation + Corporation secretary bundle

Safe. Secure. Regulated.

Terms & Conditions

Choose Your Growth Engine


Feature	Airwallex Partner	Aspire Partner	Sleek Business Account
Best For	Cross-border trade: Global payments, collections and multi-currency spend	Scaling operations: Advanced spend management and cash yields	Integrated admin: Banking, accounting and compliance in one place
Setup & Fees	Free	Free	Free
Accounting	Transactions sync to your accounting software automatically	Syncs with Xero or QuickBooks	Real-time sync with SleekBooks
Spending	Instant virtual and employee cards, 10+ currencies with no cross-border fees	Unlimited cards with granular spend controls, 1% unlimited cashback	Visa virtual cards
Support	—	Dedicated Aspire–Sleek support	Direct access via your Sleek dashboard
Security	—	MAS-Licensed, funds at tier-1 banks	MAS-Licensed, funds at DBS Bank

How does MAS regulation work for a virtual business account?

Statutory item	The figure that applies	What it means for you
MAS licence	Major Payment Institution (No. PS20200521)	Sleek can issue e-money and provide cross-border money transfer services in Singapore.
Funds safeguarding	Segregated account at DBS Bank Ltd	Customer funds are held separately from Sleek's own balance sheet, under MAS safeguarding rules.
Not a bank	No banking licence	Sleek does not hold a Full Bank or Wholesale Bank licence. The account is not covered by the Singapore Deposit Insurance Corporation (SDIC) scheme.
KYC / CDD	MAS-mandated on every applicant	Identity, ownership, source of funds and business activity verified before activation.
Transaction monitoring	Continuous, MAS-aligned	Transfers are screened against sanctions lists and unusual-activity rules.
Cash/cheque	Not permitted under the licence	All payments are digital, by FAST or SWIFT.

Note: Regulatory references verified against the MAS Financial Institutions Directory as at June 2026. Re-verify the licence number and safeguarding bank on the live page before publishing. Sleek operates under its MPI licence; you remain responsible for your own anti-money-laundering and tax obligations as the account holder.

What can slow your business account opening down?

Incomplete identity documents

If a director or shareholder cannot produce a clean colour scan of their passport or a proof of address dated within the last three months, CDD pauses. Sleek will flag exactly what is missing at application stage so you are not waiting for a request after the fact.

Complex ownership structures

Companies with corporate shareholders, multiple layers of holding, or beneficial owners across several jurisdictions need extra review. MAS rules require Sleek to verify each beneficial owner. Expect an extra few working days for these cases.

Regulated-sector activity

If the company's intended business activity falls inside a regulated sector (financial services, crypto, gambling, regulated commodities), additional checks apply. Some sectors cannot be served at all under the MPI licence. Sleek will tell you upfront which side of that line you are on.

Business account Singapore: Frequently asked questions

Is the Sleek Business Account a bank account?

No, and we would rather you knew that upfront. It is a virtual business account issued under our Major Payment Institution licence with the Monetary Authority of Singapore (No. PS20200521). Customer funds are safeguarded in a segregated account at DBS Bank Ltd. For most growing Singapore businesses, this is the more practical option: no minimum balance, faster opening, and clear fees. If you need a traditional banking relationship, we will say so during onboarding.

Can a foreigner open a business account in Singapore online with Sleek?

Yes. Foreign founders can open the account remotely as part of incorporating a Singapore company through Sleek. Identity verification happens by video for directors and shareholders, covering passport, proof of address, and a short interview. You do not need to fly to Singapore or attend a branch. We pair the account with a nominee director and a registered office to meet ACRA’s residency and address requirements.

What does the Singapore business account actually cost?

The account itself has no minimum balance, no opening deposit, and no monthly or annual fees. As an SME business account, it is free when you incorporate, switch your corporate secretary, or subscribe to accounting with us. If you are starting from scratch, the Starter package at S$700 bundles ACRA fees, corporate secretary, and the account. See our Singapore company registration cost guide for the full breakdown.

Is this account accepted for Employment Pass salary crediting?

This is one of the most common questions from foreign founders, and the honest answer depends on your case. The Ministry of Manpower (MOM) reviews Employment Pass applications against several criteria, including how salary is paid. Whether a non-traditional account satisfies that test can vary by applicant profile and sector. We will review your situation during onboarding. For context, see our guide on how to open a business bank account in Singapore.

How long does it take to open the account?

Most accounts go live within a few working days once you have completed identity verification and Customer Due Diligence (CDD) checks have cleared. If you are incorporating at the same time, the account is typically ready around the same point as your ACRA registration. Cases with complex ownership or regulated sectors can take longer because we have to satisfy MAS requirements. We will flag anything likely to slow things down at application stage.

Can I switch to Sleek from my current business bank without disruption?

Yes. We open your Sleek account in parallel, run a few test transfers, and then you point your customers, suppliers and payroll at the new account on a date you choose. Your existing bank can stay open during the transition. Most businesses switch in a single billing cycle.

What can I do with the account once it is open?

You can send and receive Singapore dollar payments through FAST locally and SWIFT internationally, pay suppliers and staff, and connect the account to Xero or SleekBooks so bookkeeping reconciles automatically. The account does not support cash or cheque transactions. Every payment is digital. If you use Sleek for accounting, transactions flow into management reports and tax filings without manual entry.

Need more information?

Browse our articles for in-depth guides, expert tips, and the latest updates on Singapore business essentials.

Need help?

Reach out with your requirements, and our experts will be happy to assist you!

4.5/5.0 on Google Reviews

Oswyn,
Sleek Advisor

Sleek Banking Solutions for Your Business

Partner Spotlight: Airwallex

Transfers to 120+ countries

FX from 0.2%

Get paid online

Multi-currency card spend

Instant and employee cards

Accounting integration

Choose a plan that fits your business needs

Free Airwallex business account + up to S$550 back

Free incorporation + free business account*

Partner Spotlight: Aspire

Up to 3.45% p.a. on idle cash*

1% unlimited cashback

Team spend controls

30+ currencies, one account

FX from 0.22%

Priority onboarding

Choose your Growth Engine

Open a business account in Singapore in four steps

Join Sleek

Choose your banking partner

Fast-track application

Transact globally and seamlessly

What does Sleek handle when you open the business account?

Identity verification (KYC)

Customer Due Diligence (CDD)

Account setup

Banking integration

What Singapore founders say about Sleek

Choose Your Growth Engine

How does MAS regulation work for a virtual business account?

What can slow your business account opening down?

Incomplete identity documents

Complex ownership structures

Regulated-sector activity

Business account Singapore: Frequently asked questions

Is the Sleek Business Account a bank account?

Can a foreigner open a business account in Singapore online with Sleek?

What does the Singapore business account actually cost?

Is this account accepted for Employment Pass salary crediting?

How long does it take to open the account?

Can I switch to Sleek from my current business bank without disruption?

What can I do with the account once it is open?

Need more information?