Bank and Private Banking Accounts
Help with opening priority banking and corporate accounts with local Singapore banks, and private banking accounts in Singapore.
This service is handled by qualified partner institutions or professionals; Zhong Qi can help clarify your needs and coordinate.
All services are provided in Singapore under Singapore regulations.
Who it is for
- Individuals and families who need a priority banking account with a local Singapore bank
- Business owners who need a Singapore corporate account
- Clients interested in a Singapore private banking account
What I do
- Understand your needs and explain general account opening requirements and documents
- Coordinate with qualified partner institutions or professionals to open the account
Note: Account approval is at the bank’s discretion.
How it works
| Step | What happens |
|---|---|
| 1. Initial conversation | 30–60 minutes to understand your family, goals and concerns; online or in person |
| 2. Needs analysis | A Fact Find and risk profiling as required by Singapore regulations |
| 3. Recommendation | A written proposal with explanations |
| 4. Application | Applications or account opening through the formal process in Singapore |
| 5. Delivery | Implementation and a walkthrough of the documents |
| 6. Ongoing service | Annual reviews, help with changes and claims |
Related Q&As
What is the difference between private banking and a regular bank account?
Private banking serves clients with larger assets, usually with a dedicated relationship manager and a more comprehensive range of banking services. Account opening thresholds, service scope and fees are set by each bank.
Source: Bank websites
What do I need to open a bank account in Singapore?
Personal accounts generally require a passport, a pass (if any) and proof of address. Requirements for non-residents are usually stricter; some banks require an interview and, under anti-money-laundering rules, ask about the source of funds and the purpose of the account. Some banks allow remote signing (from outside Singapore); approval is at the bank's discretion.
Source: MAS; bank websites (website: mas.gov.sg)
What is needed to open a bank account for a Singapore company?
Usually the company registration documents (BizFile information), the company constitution, identity documents of directors and shareholders, a description of the business and an explanation of the source of funds. Banks make their own assessment and may require an interview with the directors; the time needed varies by bank and business.
Source: Monetary Authority of Singapore, MAS (mas.gov.sg); bank websites (website: mas.gov.sg)
Official references
- MAS: MAS Financial Institutions Directory eservices.mas.gov.sg/fid
- IRAS: Common Reporting Standard (CRS) www.iras.gov.sg (Search the site for: Common Reporting Standard)
Policies may change; please refer to the latest official announcements.
Would you like to talk about your situation? The initial conversation takes 30–60 minutes, online or in person.
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