Product Snapshot

Shariah-compliant equivalent of USD operating account whilst earning a profit on excess money

Features & Benefits

Shariah-Compliant
Virtual Account
Online Banking
Complimentary Statements
Cheque Books

Requirements

Shariah-compliant equivalent of USD operating account whilst earning a profit on excess money

Minimum Monthly Average Balance

US$30,000 otherwise a fee of US$50 applies per month

Profit Rates 

Profit Rate p.a*

Deposit Balance* Profit Rate p.a*
Below US$30,001 0%
US$30,001 & above 0.60%

Preferential TT Pricing^

Product / Items Charges
TT with foreign exchange S$20
TT without foreign exchange S$50

^Applicable only via BizChannel

Fees & Charges

Early Account Closure Fee

US$40 for accounts closed within 6 months of opening.

Terms and 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 complete. 

 

Apply Now

Promotion  

 

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 Online Account Application Frequently Asked Questions (FAQ) here.

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

Important Notices & Disclaimer

*The Base Profit rate applies to the entire balance in the Eligible Account subject to the Customer maintaining the minimum daily balance prescribed by the Bank. 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 are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.