Product Snapshot

Shariah-compliant equivalent of SGD operating account with preferential profit rates, Free PayNow FAST*

*Free PayNow FAST till 31 Dec 2022 

Features & Benefits

Shariah-Compliant
Online Banking
Complimentary Statements
Insured Up To S$75,000

Requirements

Shariah-compliant equivalent of SGD operating account with preferential profit rates, Free PayNow FAST*

Minimum Monthly Average Balance

S$8,000, otherwise a fee of S$35 applies per month

Profit Rates

 

Speak to your RMs on your rates pricing

Fees & Charges

Early Account Closure Fee

S$50 for accounts closed within 6 months of opening

 

Terms & Conditions

*Profit rates are subject to change at the Bank's discretion.    

How To Apply

Step 2

Click on the link below to begin your application. The application will take approximately 15 minutes* to 

 

Apply Now

 

Document Checklist

 

1. Certified true copies1

Memorandum and Articles of Association or Constitution.

 

2. NRIC/ Passport copy2 and specimen signatures of

  • All directors
  • All authorised signatories
  • All controlling persons (only if applicable to your company)
  • All Ultimate Beneficial Owners
  • All approving persons

 

3. Image with NRIC for ALL NRIC submitted above

1A certified true copy is a copy of an original document that has been stamped or signed with the word "Certified True Copy" to confirm the copy is true and authentic by the following persons:

For Private Limited or Public Company: 2 directors; or 1 director and 1 secretary; or 1 director if you have a single director

 

2*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

1. Certified true copies1

Partnership agreement. 

 

2. NRIC/ Passport copy2 and specimen signatures of

  • All authorised signatories
  • All Partners (For Partnership Entities)
  • All approving persons

 

3. Image with NRIC for ALL NRIC submitted above

 

1A certified true copy is a copy of an original document that has been stamped or signed with the word "Certified True Copy" to confirm the copy is true and authentic by the following persons:

For Partnerships: 2 partners

 

2*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

1. NRIC/ Passport copy2 and specimen signatures of

  • All authorised signatories
  • All owners for Sole Proprietor
  • All approving persons

 

2. Image with NRIC for ALL NRIC submitted above

 

2*NRIC for Singapore Citizens and residents or passport copy for non-citizens

 

Quick Guide

User Guide (PDF)

 

Download the User Guide here.

 

Download the User Guide in Chinese here.

Frequently Asked Questions (FAQ)

 

Download the Frequently Asked Questions (FAQ) here.

 

Download the Frequently Asked Questions (FAQ) in Chinese here.

Important Notices & Disclaimer

 

1 A minimum balance of S$3,000 will have to be continuously maintained at the end of each day until the last day of the calendar month before the profit for the entire month will be accrued and credited to your Business Plus Current Account-i on the last day of the same month. If the Business Plus Current Account-i is opened on a date after the first of the calendar month, the profit will be calculated and accrued based on the remaining number of days in that month in which a minimum balance of S$3,000 is continuously maintained in the Business Plus Current Account-i and the prorated profit will then be credited to the account on the last day of the same month.

 

2 Profit rates are set at the Bank's discretion and subject to change without prior notice.

 

 

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.