If you’re a new startup in Singapore, you might be looking for a reliable and affordable banking solution to manage your business finances. Luckily, UOB offers an eBusiness Account that could be just what you need. This account is designed to cater to the needs of small businesses, offering a range of features and services to help you manage your cash flow and transactions more efficiently.
One of the main benefits of the UOB eBusiness Account is that it comes with zero fees for FAST and GIRO transactions, which could save you more than $500 in annual savings. Additionally, the annual account fee is waived in the first year of account opening, and the minimum balance and fall below fee are waived for the first 12 months. This means that you can enjoy these benefits without having to worry about additional costs.
To apply for the UOB eBusiness Account, you can do so online if you’re a Singapore citizen or permanent resident registered as a sole proprietor, or if you have a partnership or private limited company. The application process is simple and straightforward, and you can expect to receive your account details within a few business days. Once you have your account set up, you can start managing your finances more efficiently and effectively.
Key Takeaways
- The UOB eBusiness Account is a reliable and affordable banking solution for new startups in Singapore.
- This account offers zero fees for FAST and GIRO transactions, as well as waived annual account fees and minimum balance requirements for the first 12 months.
- You can apply for the UOB eBusiness Account online if you meet the eligibility criteria, and the application process is simple and straightforward.
Benefits of UOB eBusiness Account
If you are a business owner in Singapore, the UOB eBusiness account is an excellent option for you. Here are some of the benefits that you can enjoy:
Convenient Online Banking
With the UOB eBusiness account, you can easily manage your finances online. The account comes with internet banking, which allows you to access your account anytime and anywhere. You can also use the UOB SME app to manage your account on the go.
Efficient Transactions
The UOB eBusiness account is designed to make your transactions more efficient. You can enjoy zero fees on FAST and GIRO transactions, which can save you more than $500 annually. You can also enjoy free outgoing FAST/PayNow FAST transactions. With UOB BizSmart, you can automate your payments and collections, which can save you time and effort.
Comprehensive Digital Solutions
The UOB eBusiness account is more than just a platform for managing your finances. It also comes with comprehensive digital solutions that can help you grow your business. For example, you can enjoy free bulk services subscription on UOB Infinity, which can help you manage your payroll and other bulk transactions.
In conclusion, the UOB eBusiness account is a convenient and efficient platform for managing your business finances. With its comprehensive digital solutions, you can also grow your business more effectively.
Account Features and Services
If you’re looking for a bank account that can cater to your business needs, the UOB eBusiness Account in Singapore is worth considering. This account comes with a range of features and services that can help you manage your finances more efficiently.
Diverse Account Types
The UOB eBusiness Account offers several account types to suit your business needs. You can choose between a Current Account, Foreign Currency Account, Global Currency Account, and BizTransact Account. Each account type has its own unique features and benefits, allowing you to choose the one that best suits your business needs.
Multiple Currency Options
The UOB eBusiness Account offers multiple currency options, allowing you to transact in different currencies. This feature is particularly useful if you frequently make international transactions. With the Foreign Currency Account and Global Currency Account, you can hold and manage funds in different currencies, helping you save on currency conversion fees.
Enhanced Payment Capabilities
The UOB eBusiness Account comes with enhanced payment capabilities that can help you streamline your payment processes. You can make payments quickly and easily with FAST, PayNow, and GIRO. The account also offers free GIRO payment and collection transactions, allowing you to save on transaction fees.
In addition, the UOB eBusiness Account offers trade financing and collection bulk services, making it easier for you to manage your finances and grow your business.
Overall, the UOB eBusiness Account is a great option for businesses looking for a flexible and convenient banking solution. With its diverse account types, multiple currency options, and enhanced payment capabilities, this account can help you manage your finances more efficiently and effectively.
Application Process
If you’re looking to open a UOB eBusiness account in Singapore, the application process is simple and straightforward. Here are the steps you need to follow:
Eligibility Criteria
To be eligible for a UOB eBusiness account, you must be a sole proprietor, partnership, or private limited company registered in Singapore. You must also be at least 18 years old and have a valid Singaporean identification document.
Required Documentation
To apply for a UOB eBusiness account, you will need to provide the following documents:
- NRIC or passport of approved persons
- Business registration certificate
- Proof of business address
- Latest ACRA business profile
- Latest 2 years’ financial statements (for private limited companies only)
Online Registration Steps
To register for a UOB eBusiness account online, follow these simple steps: