I wrote 10 Things to Do to start a business in my previous blog. Opening a business bank account is one of the essentials to run a business. In Singapore, there are many banks to chose from. The most popular bank here is DBS Bank, we can see it's ATM everywhere in island-wide. Though, one of my business-owner-friends mentioned that she chose OCBC Bank, not DBS. When I was searching for the Bank info, I found a useful website which contains a comparison chart of major three banks. Looking at this chart, I chose OCBC bank to minimize the fixed cost. After choosing a bank, these are 4 Steps what I did to open an account; Walked into one of the branches and asked the required documents for account opening Made an appointment with one of the business account representatives Visit a branch with required documents (IC/Cheque book for initial deposit) and had a interview with a representative Write a cheque for initial deposit That's all! Very simple. I was not...
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