UOB Bank
Don’t Forget to check ASPIRE BANK, voted #1 in Singapore for Corporate Bank this year from our community and expert panel
Who they are
UOB which stands for United Overseas Bank, is one of the leading banks in Asia. UOB Group’s presence is all over China, Singapore, Malaysia, Indonesia and Thailand, aiming to expand its regional presence in Asia. Founded on 1935, UOB Group has evolved tremendously through the years. They have opened 500 offices in 19 countries including offices in North America, Asia Pacific and Western Europe.
Main Corporate Services
UOB’s Commercial Banking Accounts are divided into three groups. Under these groups are accounts for each that will suit your business banking needs.
- Operating Accounts* Current Account
*Global Currency Account
* UOB eBusiness Account - Yield Accounts
*Singapore Dollar Fixed Deposit
*Foreign Currency Fixed Deposit
*UOB FlexiYield Account - Other Accounts
* Conveyancing Account
* Renminbi Account Services
UOB’s business accounts depend on whether you will choose from Commercial Banking or Corporate Banking. Accounts below are under the Commercial Banking rates of Operating Accounts.
Operating Accounts |
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| Current Accounts | Global Currency Accounts | UOB eBusiness Accounts | |
| Initial Deposit | S$1,000 | dependent on currency: USD 28 |
S$1,000 |
| Minimum Daily Balance | S$10,000 | dependent on currency: USD 8,000 | S$5,000 |
| Fall-below fee | S$35 | – | S$15 |
| Early closure fee | S$30 (for closure within 6 months) | – | S$30 (for closure within 6 months) |
| Cheque clearing charges | Waived for the first 30 cheques per month. Subsequent cheques at $0.50 each | OTC Cash deposit & wirhdrawal: S$20/per transaction | |
UOB Corporate Banking Account Summary Review
Opening an account with UOB will mean you still need to go through the usual process. Meaning, go to your branch of choice and get the forms needed. You also need to fill out the necessary information and then submit it to the bank officer. UOB Group is one of the leading banks in Singapore, and the products they offer differ from the type of account you will be getting. Although it is hard not to note the negative customer reviews all over the internet. You may check their website for more information on their accounts services.
Find out more about their updated pricing below
If you have had an experience with them, please let us know by leaving a comment on this page.
Don’t Forget to check ASPIRE BANK, voted #1 in Singapore for Corporate Bank this year from our community and expert panel
Speed
0.5
Price
5.6
Products Offering
0.1
Quality of Service
0.1
Price Transparency
0.3
Very tedious processes and lots of paperwork just to update small changes. Customer service hotline is not helpful, the information given is not correct. All UOB branch different standard. Never choose UOB Bank, doesn’t solve a problem but helps to create more. Very outdated back end operation process.
Speed
0.6
Price
6.4
Products Offering
0.6
Quality of Service
0.3
Price Transparency
0.9
Worst customer service we have ever experienced. The bank officers and slow, rude, and outright condescending. However, they do offer low telegraphic transfer rates. If your company operates locally and does not need much telegraphic transfer service. NEVER GO TO UOB!