Discovering Singapore 2022

+ BNP Paribas – BNP Paribas has been at the forefront of banking in Singapore since 1968 and was awarded a QFB status in 1999. Today, BNP Paribas Singapore assumes a prominent presence in the region by acting as the Group’s regional hub for its business in Corporate and Investment Banking as well as Private Banking. + Citibank – Citibank was the first American bank to set up a branch in Singapore in 1902. Although a relative latecomer to the retail-banking sector, the bank has grown into a formidable market player with major market share in key businesses including unsecured lending, deposits and investments and secured assets. Citibank was among the first four foreign banks to be awarded the Qualifying Full Bank (QFB) license in 1999. Bank Accounts If you are a foreigner or not a resident of Singapore, then you can still open a bank account without any trouble. But you will need some extra documents to smooth the process along, and the documents that you will need depends on the bank. To open a bank account as a foreigner in Singapore you'll need: + Proof of Identity (Passport or ID card)

+ Employment pass or In-Principle Approval letter issued by MOM + Proof of Mailing Address (Utility bills from your home country, etc.)

You might also need a rental agreement, a letter from your employer or reference from your home banks. The documents cannot be later than previous 3 months’ from date of presentation, and it has to be in English or translated by a qualified translator.

However, always make sure to check the bank ahead of time so you won’t have to worry about missing a document.

Exchange Exchanges are offered at airports and banks. When travelling with a credit or debit card, you can use an automated teller machine to withdraw funds, although check with your bank for any additional fees and limitations. Those registered money changers spread from Changi Airport to any shopping malls nationwide. For your convenience, you can engage a service at the airport or the hotel you stay at. But for the best rates, make your way to one of Singapore’s most reputable money changing hubs like The Arcade in Raffles Place, Lucky Plaza on Orchard Road, Mustafa Centre in Little India, People’s Park Complex in Chinatown, and Parkway Parade in Marine Parade.

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Discovering Singapore 2022