Introduction
Singapore has become one of the major financial hubs in Asia and across the world. Banks in Singapore offer the latest banking services and facilities to their residential as well as non-residential clients. The stable and user-friendly ambiance of Singapore makes it easier for business organizations as well as individuals to open their bank account there. So, if you are planning to open a bank account online in Singapore, we suggest you read the following sections to explore the top benefits you may have.
Top advantages of opening a digital bank account
Most banks in Singapore offer excellent features to open a corporate as well savings bank account. What more? The Monetary Authority of Singapore (MAS) has granted a license to four banks and fintech companies to start their wholly digital banking services in Singapore by 2022. So, we can say that the trend of online banking services in this country is going to get a major surge in the upcoming years.
That being said, let us explore the potential benefits the customers can get by opening their digital bank account(s) in Singapore.
1. Convenience:
One of the major benefits of opening a digital or online bank account is that you would not need to visit the bank physically or stand in long queues to submit your documents. You can do all these things and much more via the bank’s app or the bank or through their website.
2. Higher interest:
Some banks like DBS offer a higher rate of interest on their digital savings account. What more? DBS also offers a zero-balance savings account. So, if you are looking forward to earning more on your savings account deposit, you can choose DBS to open your digiSavings account.
3. Better investment scopes:
If you are someone investing in FX trading, banks like HSBC can help you manage that completely online with either the HSBC Singapore QuickFX app or via your HSBC online banking platform. However, if you have an online banking account with some other bank in Singapore, you can still enjoy investment scopes in mutual funds, SIP, budget tracking, and so on.
4. Bank in your pocket:
You can access your bank account any time and from anywhere via your smartphone and computer. With certain digital bank accounts, you can also go cashless at different point-of-sales.
5. Instant fund transfer:
If you choose to open your bank account online in Singapore, you can have the benefit of instant fund transfer. You can make online money transfers between your accounts in no time.
Conclusion
In a nutshell, a Singapore bank account opening online can offer you and your family peace of mind. Aspire is offering you multiple services online. It is easy to open an online bank account with them. So, if you are looking forward to it, visit their website to learn more.