The cost of opening an account: From 800 USD
The cost of opening an account: From800 USD

General information

Name:Bank of Singapore LTD


Faunded:2 010
History: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
Employees:There is Russian-speaking staff. The bank employs more than 850 persons
Shareholders:Oversea-Chinese Banking Corp Ltd (Singapore) - 100%
Security:Agreement on avoidance of double taxation was concluded; AML legislation is strictly observed; Active membership in the OECD, FATF, Basel Commitee, Egmont Group and others.

Presentation Bank of Singapore


Terms of opening for admission (days):15
Opening terms for cancellation (days):15
Recommendations:Not required
Description of activity:Detailed
Account type:Personal
Types of accounts:Personal; Savings
Departure to the bank:Visiting the bank is not required. The bank representative comes to Moscow every month
Required documents:Set of corporate documents, copy of the passport. Letters of recommendation are not required
Account opening, probability:Calculated and perceived
Particularities during account opening:Opening an account is possible without entry into the country of the bank


Rating in the world:1 291
Country Rating:4
The head bank in the country:2
Головного банка в мире:113
Rating on loans:AA+


Balance, minimum:1 000 000 €
Limit of transfers (per month):1
An initial fee :1 000 000 €
Term of contribution (months):3
Transaction speed:Value date is on the same day, +4 hours (Moscow time) due to time difference

Services and costs

Cost of translation:Fee of the bank for transfer is 80 USD
Cost of enrollment:Crediting payments is free of charge
Cost of account maintenance:The Bank does not charge a fee for servicing the account. For amounts less than 500,000, servicing is 500 USD per year
Credit card restrictions:No information
Insurance for credit cards:No information
Access to the account:It is possible to manage account via Internet, but there is only a passive system: possibility to monitor account, but not manage the account. Fax or scan of the payment order is used for the purposes of transfer
Bank services:Entire range of investment banking products
Bank cards:No credit cards
Cost of extracts storing:No information