On January 29, 2010, ING Asia Private Bank (IAPB) was acquired by OCBC Bank that is one of the leading banks in Asia and was named as Bank of Singapore. It is 100%-owned subsidiary of OCBC Bank. There are branches in Hong Kong, Dubai (UAE) and the Philippines
World rating
1291
Country Rating
4
Founding date
2010
Account Opening Terms
Recommendations
Not required
Description of activity
Detailed
Account type
Personal
Accounts types
Personal; Savings
Required documents
Set of corporate documents, copy of the passport. Letters of recommendation are not required
Transaction speed
Value date is on the same day, +4 hours (Moscow time) due to time difference
Minimum balance
1000000
Limit of transfers (per month)
1
Initial founding fee
1000000
Account opening nuances
Opening an account is possible without entry into the country of the bank
Account opening, possibility
Calculated and perceived
Cost and nuances of account maintenance
Translation cost
Fee of the bank for transfer is 80 USD
Enrollment fees
Crediting payments is free of charge
Account maintenance cost
The Bank does not charge a fee for servicing the account. For amounts less than 500,000, servicing is 500 USD per year
Law&Trust International offers free general consultation for this issue.
With our services you can avoid many legal concerns.