Speak to an advisor: +65 6929 8273

Simplified banking solutions to get your business started

No minimum balance. No initial deposit. No annual fees.

Licensed by the Monetary Authority of Singapore

Funds safeguarded
by DBS*

*Sleek is not a bank. Funds safeguarded by DBS and other leading Tier 1 banks.

Get your business account when you register your business with Sleek

Start sending and receiving money as soon as your business is live*. Just one online KYC to register your business and get a business account. You can also transfer your accounting services or corporate secretary to Sleek and get a Sleek business account.

*subject to KYC checks

*subject to KYC checks

Open your business account digitally, from anywhere in the world

No need to be in Singapore to open a corporate account.

No more long wait times and bank visits.

Convenient, paper-free solution for non-Singapore based entrepreneurs.

It’s free.
No kidding!

$0

No minimum balance

No initial deposit

No subscription fees

No annual fees

It’s free. No kidding!

$0

No minimum balance

$0

No initial deposit

$0

No subscription fees

$0

No annual fees

$0

No minimum balance

$0

No initial deposit

$0

No subscription fees

$0

No annual fees

Competitive Fx rates for your international transactions.

Save up to 85% on transaction fees* on every international transaction.

Transact in up to 37 different currencies.

* on supported currencies & countries

Virtual cards

Go digital and pay on the go with Visa powered virtual cards with Apple Pay* and Google Wallet integrations.

* coming soon

One business.
One view.

Integrated platform for your business accounting, compliance, and bookkeeping with Sleekbooks.

Simplified accounting integrations.

Integrated with Sleek’s proprietary accounting software, Sleekbooks.

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Competitive Fx rates for your international transactions

Save up to 85% on transaction fees* on every international transaction.

Transact in up to 37 different currencies.

* on supported currencies and countries

Virtual cards

Go digital and pay on the go with Visa powered virtual cards with Apple Pay* and Google Wallet integrations.

* coming soon

One business
One view

Integrated platform for your business accounting, compliance, and bookkeeping with Sleekbooks.

Simplified accounting integrations

Integrated with Sleek’s proprietary accounting software, Sleekbooks.

Start your business on the right foot
Get a Sleek Business Account today

Licensed by the Monetary Authority of Singapore. Funds safeguarded by DBS and other leading Tier 1 banks.

Hassle-free business account with no deposits or monthly fees

DBS

OCBC Bank

Airwallex

Wise

Annual / Setup Fees

S$0

S$0

S$0​

S$0

S$0

Initial Deposit

S$1,000​

S$1,000

S$0

S$0

S$0

Virtual Corporate cards

Limited

Limited

Yes

Yes, physical cards are also available

Limited

Minimum Balance

S$10,000

S$5,000

S$0

S$0

S$0

Accounting

No​

No

Yes

No

No

Corporate Secretary

No​

No

Yes

No

No

Business Insurance

Yes

Yes

Yes

No

No

Licensed by MAS*

Yes

Yes

Yes

Yes

Yes

*MAS: Monetary Authority of Singapore

Corporate Cards

Sleek

Yes

DBS

Limited

OCBC

Limited

Airwallex

Yes, physical cards also available

Wise

Limited

Initial Deposit

Sleek

S$0

DBS

S$1,000

OCBC​

S$1,000

Airwallex

S$0

Wise

S$0

Annual / Setup Fees

Sleek

S$0

DBS

S$0

OCBC

S$0

Airwallex

S$0

Wise

S$54

Minimum Balance

Sleek

S$0

DBS

S$10,000

OCBC

S$5,000

Airwallex

S$0

Wise

S$0

Accounting

Sleek

Yes

DBS

No

OCBC

No

Airwallex

No

Wise

No

Corporate Secretary

Sleek

Yes

DBS

No

OCBC

No

Airwallex

No

Wise

No

Business Insurance

Sleek

S$0

DBS

S$0

OCBC

Yes

Airwallex

No

Wise

S$54

Licensed by MAS

Sleek

Yes

DBS

Yes

OCBC

Yes

Airwallex

Yes

Wise

Yes

What our customers say about us

Praveen Dayal

Owner,
Elite Expertise Pte Ltd

From the very beginning of the process, the team at Sleek was professional, knowledgeable, and highly responsive to all of our needs. If you’re looking for a company that can provide exceptional service in company incorporation, Company Secretary, accounting services and support, look no further than Sleek.

David Verlee

Owner,
Control Concepts Asia

​​I have been working with Sleek for over 3 years now and could not be happier with the service. They are professional, practical in their approach and cost-effective. Their business model truly works for our company’s needs and I recommend them all the time to my friends and colleagues.

Kai Kono

Owner,
Spring Digital

Very professional, responsive, and setting up a company was extremely seamless. Highly recommend Sleek to all entrepreneurs and companies setting up in Singapore.

Joshua Chan

Owner,
Maple Fox Films

Sleek has been an intricate part in starting and running my business. I use them for all my business admin and accounting (Shout out to Carl) needs. They continue to be attentive, efficient, and quick to adapt to my needs.

FAQs

Here are some common questions we recieve from our customers.
If you have any additional questions, please don’t hesitate to contact us.

The estimated timeline to open a corporate account can vary from 3 working days to as long as a few months. The time frame is based on the bank’s own internal processing times and KYC checks.

Basic requirement for a corporate bank account opening in Singapore include:

  • Corporate Account Opening Form duly signed by authorized signatories of the company
  • A Directors’ Resolution to prove that the board has approved the company to open a bank account.
  • Certified True Copy of Company’s Business Profile from the Company Registrar
  • Certified True Copy of Passport/Singapore IC and Residential Address Proof of Directors, Signatories and Ultimate Beneficial Owner.

You will also need to provide some documentation such as proof of identification (passport), proof of residence address in Singapore, and evidence of your company’s registration with Accounting & Corporate Regulatory Authority (ACRA). These documents are necessary for banks in Singapore to verify your identity and legitimacy as a foreign business owner.

We strongly recommend you to start a corporate account instead of using your personal account and credit cards. A corporate account is necessary not only for security but also for easier, quicker access and control of your funds, balances, and deposits.

Mixing the two pots of money will create a alot of complications for tax and audits down the line.

Incorporated companies that are trading in Singapore are advised to open a local Singaporean bank account within 1 year of incorporation. The issued company capital will need to be deposited into the account within 6 months from the bank account opening.

Yes, you can open a business account for a small business in Singapore. Most banks in Singapore offer business banking services, including business accounts, for small businesses. You’ll need to meet the bank’s requirements and provide the necessary documentation to open an account. 

However, it can often be a lengthy process, requiring extensive documentation.

Non-Singapore based foreigners may need up to 3 months and branch visit, along with hard copies of documents to be sent. Moreover, traditional corporate bank accounts can be expensive to setup with high initial deposit and minimum balance requirements.

It’s recommended you open a Sleek Business Account when you incorporate your business. Sleek offer a free corporate account (subject to approval) to all customers once a company is registered or transferred to Sleek.

Yes, you can open multiple bank accounts for your business in Singapore. Many businesses choose to have more than one account for various purposes, such as separating funds for different projects, managing foreign currency transactions, or streamlining financial operations. However, you will need to meet the bank’s requirements and provide the necessary documentation for each account you wish to open.

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 via your SBA.

Definitely! Sleek Business Account allows you to send and receive money both locally and internationally.

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. No Service Fees
4. No Minimum Account Balance.

Terms and conditions apply, you may also view our privacy policy

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:

  • Prohibited jurisdictions
  • Prohibited activities
  • Restricted corridors

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:

  • First, click on “Virtual Card
  • Next, click on “Issue Card
  • Congratulations! Your card request is on its way and you will receive an email once your card is activated.

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.

Contact us

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