Free Singapore business account, opened online

MAS-licensed virtual account, funds safeguarded at DBS, no deposit, no fees.

Sign up with Sleek and get your free business account.

4.5/5.0

Trusted by over 450,000 businesses worldwide

What does Sleek handle when you open the business account?

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.

“Great company! Automatically open and manage your startup or SME. Opening the Company, managing finance, bank accounts, required documentations (constitution, board resolution, docu-sign style tools).”

Axel Winter

How much does a business account in Singapore cost?

The account is free. What you’re paying for below is how much else you want handled at launch: incorporation, corporate secretary, accounting. The middle tier is the one most founders pick.

Recommended

Starter

Essential company registration and compliance

Save 15%

From

SG$700

SG$600

Including S$375 govt fees

Best for: Founders who only need company registration and basic compliance

Key inclusions

Company Incorporation

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

Company constitution prepared

Share certificates issued

Maintenance of statutory registers

Company Secretary

Company secretary appointment

Annual returns filing (S$60 government fee included)

Preparation and holding of AGM

Unlimited company changes

Included at no extra cost

Unlimited E-signatures (via SleekSign)

Sleek Business Account

Partner perks worth up to $6,000

🎁 Free Registration

Most Popular

Compliance

Company incorporation with accounting and tax handled

Save 15%

From

SG$1,600

SG$1,250

Including S$375 govt fees

Best for: Businesses that want accounting and tax handled from the start.

Key inclusions

Everything in Starter plan

Accounting and Tax

Annual bookkeeping and financial statements

Annual tax return filing

Assigned accountant

Finance Tools

Sales invoicing

Expense management software

Included at no extra cost

Unlimited E-signatures (via SleekSign)

Sleek Business Account

Partner perks worth up to $6,000

🎁 Free Registration

Most Popular

Full Compliance

Recommended

Incorporate with 100% compliance and added privacy built in.

Save 15%

From

SG$2,000

SG$1,650

Including S$375 govt fees

Best for: Businesses that need full compliance plus a Singapore registered address

Key inclusions

Everything in Compliance plan

Registered Address & Mailroom

Singapore local registered office address (legal requirement)

Secure digital mailroom access anytime

Mail scanning and upload within 7 days

Government and bank mail received on your behalf

Digital storage of scanned mail and key company documents

Included at no extra cost

Unlimited E-signatures (via SleekSign)

Sleek Business Account

Partner perks worth up to $6,000

Compare plan details

Show key differences only

Starter

SG$600

Compliance

HK$8,849

SG$1,250

Full Compliance

HK$14,129

SG$1,650

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

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

Kickstart your Singapore dream with the essentials for overseas founders

Save 15%

From

SG$2,600

SG$2,250

Including S$375 govt fees

Key inclusions

Best for: Overseas founders who need incorporation, compliance, & a short-term nominee director

Singapore company incorporation with ACRA

Corporate secretary and annual returns filing

Accounting and corporate tax filing

Singapore registered office address and digital mailroom

Local nominee director (3 months)

🎁 Free Registration

Included at no extra cost

Unlimited E-signatures (via SleekSign)

Sleek Business Account

Partner perks worth up to $6,000

Recommended

🎁 Free Registration

Most Popular

Full Compliance

Operate worry-free with full compliance and long-term nominee director support

Save 15%

From

SG$4,000

SG$3,650

Including S$375 govt fees

Key inclusions

Best for: Foreign founders who want ongoing compliance and a full-year nominee director

Everything in Starter plan

Long-term local nominee director (12 months)

Included at no extra cost

Unlimited E-signatures (via SleekSign)

Sleek Business Account

Partner perks worth up to $6,000

🎁 Free Registration

Most Popular

Full Compliance + Visa

Recommended

Set up your company and relocate to Singapore with Employment Pass support

Save 15%

From

SG$4,188

SG$3,838

Including S$375 govt fees

Key inclusions

Best for: Foreign founders planning to relocate and operate their Singapore company

Everything in Full Compliance plan

Employment Pass visa application service

Local nominee director (6 months)

Included at no extra cost

Unlimited E-signatures (via SleekSign)

Sleek Business Account

Partner perks worth up to $6,000

Compare plan details

Show key differences only

Starter

SG$2,250

Full Compliance

HK$8,849

SG$3,650

Full Compliance + Visa

HK$14,129

SG$3,838

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

Foreigners without a resident director. Discover our incorporation packages.

Safe. Secure. Regulated.

Terms & Conditions

What can you do with the account day-to-day?

Local payments via FAST.
Send and receive Singapore dollar payments through the FAST network, in real time, to any local bank. International payments via SWIFT. Pay suppliers and receive funds across borders without leaving the dashboard.
Payroll and supplier payouts. Issue staff salaries and supplier invoices directly from the account.
Connected accounting. Transactions flow into Xero or SleekBooks so books reconcile without manual entry.

What Singapore founders say about Sleek

4.5/5.0 on Google Reviews across 4,100+ ratings, with 96% satisfaction across 16,000 surveyed clients.

“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

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.

One team for the account, the books and the company

Partner Spotlight: Aspire

Need advanced spend management or cash yield on idle funds? Sleek customers get exclusive priority onboarding with Aspire — a separate platform built for scaling operations.

What Aspire offers Sleek customers

Priority Onboarding

Fast-tracked in one to three working days, exclusive to Sleek customers.

30+ currencies in one dashboard

Manage multi-currency balances and team spend controls in a single platform.

Aspire Yield

Earn up to 3.45% p.a. on idle funds.

S$250 cashback

Credited when you open and fund your Aspire account through Sleek.

Which account is right for you?


Feature	Sleek Business Account	Aspire (Partner)	Traditional Bank
Best For	Integrated admin: Banking, accounting and compliance in one place	Scaling Operations: Advanced spend management and cash yields.	Legacy needs: Physical branches, cash handling
Setup & Fees	Free	Free	S$10 – S$100+ / month
Accounting	Real-time sync with SleekBooks	Syncs with Xero or QuickBooks	Manual statement uploads
Spending	Visa virtual cards	Unlimited cards with granular spend controls	Physical cards, slow issuance
Support	Direct access via your Sleek dashboard	Dedicated Aspire-Sleek support	General call centres
Security	MAS-Licensed, funds at DBS Bank	MAS-Licensed, funds at tier-1 banks	MAS-Licensed, funds

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.

Open a business account in Singapore in five steps

One team, from the first form to your first transfer. No chasing, no spreadsheets back and forth.

Step 01

Tell us about your company

Share your ACRA UEN if you are already incorporated, or start a new incorporation with us. We pre-fill what we already know.

Step 02

We collect documents

Passport and proof of address for each director and shareholder, plus a short business-activity questionnaire. All uploaded, no paper.

Step 03

Identity check by video.

Directors and shareholders complete a short video verification. Most calls take under ten minutes.

Step 04

We run CDD

Customer Due Diligence covers source of funds, ownership structure and intended business activity, against MAS rules. Most cases clear in a few working days.

Step 05

Account goes live

Account details, dashboard access and Xero or SleekBooks bank-feed connection delivered together. Start sending and receiving payments.

Is Sleek just a business account, or more?

Incorporation + Business Account

Corporate Secretary

Total compliance management, including AGM prep and annual filings.

Accounting & Tax

Books, ECI, and Form C-S filing, all automatically reconciled with your account.

Work Passes

Seamless Employment Pass (EP) applications tailored for foreign founders.

“Sleek is not just a business account, right?”

Right. For startups and SMEs that want one team across incorporation, the account, and compliance, Sleek is built exactly for that.

Free business account, opened in a working week.

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