Best business accounts for LLC and Corporations in Singapore
Snapshot
In Singapore the equivalent of an LLC or corporation is the private limited company, registered with ACRA. These entities can open accounts with both neobanks and local banks. Neobanks suit lower cost and online onboarding, while local banks add cash handling, lending, and a longer relationship.
Suits LLC and Corporations best
Neobanks for low cost online onboarding, local banks for lending and cash
Typical monthly fee
From no monthly fee on neobank accounts, as of 19 March 2026
Non resident position
Possible for companies with local directors, varies, confirm with the provider
Providers that fit
Both neobanks and local banks serve private limited companies
Fees and features as of 19 March 2026Last reviewed 19 March 2026
General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.
Singapore does not use the LLC label, but the private limited company, known as a Pte Ltd, plays the same role, and a corporation is usually a larger Pte Ltd or a public company. As of 19 March 2026 these entities can open accounts with neobanks such as Aspire and Airwallex for low cost online onboarding, or with local banks such as DBS for cash handling, lending, and a longer banking relationship. Many companies run a neobank for day to day payments and a local bank alongside it. The notes below state the trade offs plainly. This is information, not advice.
What LLC and Corporations in Singapore need from a business account
A private limited company has more moving parts than a sole trader. The features that matter are clean separation of company money, multiple user access with controls, multi currency where the company trades abroad, and access to lending or cash services as the company grows. Neobanks onboard quickly online and keep costs low, but they are account services rather than full banks and do not offer lending. Local banks offer the full range but cost more to run. The shortlist below names providers that serve Singapore companies, with the trade offs stated plainly.
A
Aspire
Multi currency account with corporate cards, expense management, and multiple user access, with no monthly fee on the entry plan. It is an account service rather than a full bank, so it does not offer lending or cash deposits.
Best for
Cards, expense control, and online onboarding
Monthly fee
No monthly fee on Basic, SGD 15 on Premium, as of 19 March 2026
Holds many currencies and runs international payments through local rails, useful for companies that trade across borders. As a payments provider it is not a full bank, so check what it covers for your company.
Best for
Cross border payments and currency
Monthly fee
No monthly fee on the standard account, as of 19 March 2026
A local bank for companies that want cash handling, local lending, and a banking relationship as they grow. Entry digital accounts can avoid a minimum balance, while others carry a fall below fee, so check the specific account.
Best for
Lending, cash, and a banking relationship
Monthly fee
From no monthly fee on the digital starter account, fall below fees on others, as of 19 March 2026
Compare accounts for LLC and Corporations in Singapore
These providers open accounts for private limited companies in Singapore. Fees and eligibility shown as of 19 March 2026. Confirm current terms with the provider before applying.
Questions about banking for LLC and Corporations in Singapore
Is there an LLC in Singapore?
Singapore does not use the LLC label. The closest equivalent is the private limited company, or Pte Ltd, registered with ACRA, which gives the owners limited liability. A limited liability partnership is a separate structure. This is general information, not legal advice.
Can a Pte Ltd open a neobank account?
Yes. As of 19 March 2026 neobanks such as Aspire, Airwallex, and Wise onboard ACRA registered private limited companies, usually online. You provide company documents and identity for directors and beneficial owners. Confirm the requirements with the provider.
Should a company use a neobank or a local bank?
A neobank suits lower cost, online onboarding, and multi currency needs. A local bank suits cash handling, lending, and a longer relationship. Many companies use both. Confirm what each provider covers for your company.
Can a company with a foreign director open an account?
It is possible but varies by provider, and local banks often expect at least one locally resident director or a director who can verify identity in person or online. Confirm the position with the provider before applying.
Fees, features, and eligibility change and vary by region. This page was last reviewed on 19 March 2026. Confirm current terms with the provider before applying.