Agencies in Singapore tend to bill clients in several currencies, spend heavily on advertising platforms, and pay contractors. Accounts that hold multiple currencies, issue cards with expense controls, and keep transfer costs low usually fit best.
Suits agencies best
Multi currency accounts with cards and expense controls
Typical monthly fee
From no monthly fee on neobank entry plans
Non resident position
Possible but varies, confirm with the provider
Providers that fit
Both neobanks and local banks, often used together
Fees and features as of 14 May 2026Last reviewed 14 May 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Marketing, creative, and digital agencies in Singapore usually share three banking needs: receive client payments in different currencies, spend on advertising platforms and software in foreign currency, and pay contractors quickly. As of 14 May 2026 neobanks such as Aspire, Airwallex, and Wise are built around those needs, with multi currency accounts, cards, and expense tools at low or no monthly fee. A local bank still helps where you need cash handling or lending. The notes below state the trade offs plainly. This is information, not advice.
What agencies in Singapore need from a business account
Agency cash flow is lumpy and often international. You invoice clients who may pay in their own currency, you run advertising spend that bills in foreign currency, and you pay a mix of staff and contractors. The features that matter are multi currency accounts so you do not convert twice, corporate cards with limits and receipts for ad spend, fast and low cost transfers, and expense tools that keep client work organised. The shortlist below names providers that serve Singapore and fit these needs, with the trade offs stated plainly.
A
Aspire
Multi currency account with corporate cards and built in expense management, with no monthly fee on the entry plan. It is an account service rather than a full bank, so it does not cover cash handling or lending.
Holds many currencies, sends international transfers through local rails, and includes a payment gateway, useful for agencies that bill overseas clients. As a payments provider it is not a full bank, so check what it covers for your business.
A local bank for agencies that want cash handling, local payment access, and a banking relationship alongside a neobank. Entry accounts carry a monthly fee or a minimum balance, so weigh that against the wider service.
Best for
Local banking and cash needs
Monthly fee
Around SGD 10 on Business Growth, as of 14 May 2026
What do agencies in Singapore need from a business account?
Agencies usually invoice clients in several currencies, spend on advertising platforms in foreign currency, and pay contractors. Useful features as of 14 May 2026 include multi currency accounts, corporate cards with expense controls, and low cost international transfers. Confirm features with the provider.
Should a Singapore agency use a neobank or a local bank?
A neobank suits agencies that handle foreign currency and want online onboarding, cards, and expense tools with low or no monthly fee. A local bank suits agencies that need cash handling, local lending, or a long banking relationship. Many agencies use both. Confirm what each provider covers.
Can an agency hold foreign currency in Singapore?
Yes. Neobanks such as Aspire, Airwallex, and Wise let a business hold and receive several currencies as of 14 May 2026, which helps agencies that bill overseas clients and pay foreign suppliers. The exact currencies and costs vary, so confirm with the provider.
Are these accounts free for agencies?
Some neobank entry plans have no monthly fee as of 14 May 2026, but you still pay for transactions and currency conversion. Local bank accounts usually carry a monthly or annual fee or a minimum balance. Confirm the current pricing with the provider.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 14 May 2026. Confirm current terms with the provider before applying.