Biz E-Formations Inc. — Trusted Business Formation

Singapore

Singapore Business Bank & Merchant Account Setup

A company is only useful once it can get paid. We prepare your application pack and introduce you to banks, fintech accounts and payment processors that work with Singapore companies owned by non-residents.

What’s included

  • Shortlist of banks and fintech accounts that accept your profile
  • Payment merchant setup (card payments, online checkout, marketplace payouts)
  • Document pack: company documents, proof of address, business description
  • Help answering compliance and KYC questions from the bank
  • Follow-up until the account is approved or an alternative is opened

Who needs it

  • New companies that need a first business account
  • Owners whose application was declined elsewhere
  • Online stores that need card payments and payouts

Documents needed

  • Company formation documents
  • Passport of each owner/director
  • Proof of residential address
  • Website or business plan

How it works

  1. 01

    Profile review

    We check your company, business model and residency to match the right partners.

  2. 02

    Application pack

    We prepare a clean document set and a clear business description.

  3. 03

    Apply & verify

    You complete the bank’s ID check; we help with any follow-up questions.

  4. 04

    Merchant setup

    Connect card payments or a payment gateway to your new account.

Banking & payment partners

Accounts and merchants we help you open

Availability depends on your company's country (Singapore), business type and each provider's own approval.

Some links are partner/referral links. Account approval is decided by each provider.

Frequently asked questions

Can non-residents open a business account?+

Yes. Several banks and fintech providers accept non-resident owners. We match you with the ones that fit your country and business type.

Is account approval guaranteed?+

No. Each bank makes its own decision. A complete, consistent application pack gives you the best chance, and we help you apply elsewhere if one declines.

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More Singapore services

Get a quote

Ready to start your Bank & Merchant Accounts?

Tell us about your company and we’ll confirm the price, timeline and documents — no obligation.

Usually 1–7 business days per application, depending on the bank

Singapore · Bank & Merchant Accounts

Price from

SGD 1,500

A

Quick & Easy
Application Process

Fill in one online form. We prepare and file the documents, and you can see each step in your dashboard.

1

Submit your Application

Provide accurate and complete company information in our online form.

2

File application

Our team handles all the paperwork and submits your filings to the government authorities.

3

Receive your Business documents

Receive official business documents to start your journey.

4

Open your Bank account

Open a bank account with ease to facilitate your business transactions.

Get in touch

Questions? Talk to our team

Send us a message about company formation, compliance or banking. A specialist replies within one business day.

Mon–Fri · Reply within 1 business day