Beyond the Basics: Unlocking Premium Banking Services in Singapore as a Non-Resident

Ever thought about getting into priority banking in Singapore as a non-resident? At Easy Global Banking, we help people like you open private bank accounts. We connect you with top financial services in Singapore¹. Our team offers personalized solutions to meet your financial needs and goals, making your banking experience in Singapore great.

Singapore is a top financial hub, drawing investors and wealthy people worldwide. Its stable economy, strong laws, and good tax policies make it attractive. But, finding the right banking services can be tough without help².

That’s where Easy Global Banking steps in. Our experts know Singapore’s banking system well. They help you open a private bank account as a non-resident. We focus on your unique situation, providing wealth advisory and priority banking services. By working with us, you unlock exclusive benefits and chances to grow and protect your wealth³.

Key Takeaways:

• Easy Global Banking helps non-residents open private bank accounts in Singapore
• Singapore offers a stable economy, robust legal framework, and favorable tax policies for investors
• Personalized wealth advisory and priority banking services are tailored to each client’s unique needs
• Gain access to exclusive benefits and opportunities to grow and protect your wealth
• Experienced professionals guide you through the complex landscape of premium banking in Singapore

Understanding Premium Banking Singapore Non-Resident Services

As a non-resident, you can get elite banking status in Singapore. This opens up a world of exclusive privileges and custom financial solutions. To start, you need a minimum deposit of SGD 2 million (about USD 1.5 million)⁴.

But, some banks like Standard Chartered Priority Banking offer special investment deals for non-residents with USD 2.5 million⁴.

To be an Accredited Investor in Singapore, you need to meet certain criteria. This includes an annual income of at least SGD 300,000 or net assets over SGD 2 million⁴. As an Accredited Investor, you can invest in private equity and hedge funds⁴.

Expert Investors and Institutional Investors also get special investment options in Singapore⁴. Non-resident companies need a Certificate of Incorporation and a board resolution to open a bank account⁴.

Your relationship manager will help you reach your financial goals. They offer personalized advice and help with tax-efficient solutions⁴. Singapore’s business environment is competitive, with over 99% of businesses being SMEs⁴.

“Premium banking services in Singapore cater to the discerning needs of high-net-worth individuals, providing exclusive access and personalized financial solutions.”

As a non-resident, you can open different bank accounts in Singapore⁵. These include savings, checking, multi-currency, and investment accounts⁵. Banks require you to be at least 18 and have a valid passport and one of the valid passes⁵.

Qualifying for Elite Banking Status in Singapore

As a non-resident, getting elite banking in Singapore means meeting certain rules set by banks. Our team at Easy Global Banking will guide you. We make sure you have what it takes to enjoy top banking perks.

Minimum Balance Requirements

To get elite banking, you need to keep a certain amount in your account. The amount needed varies by bank, but it’s usually between S$0 and S$50,000 for businesses⁶. If you don’t keep this balance, you might face fees. These fees can be between S$15 and S$50 each month⁶.

Documentation Needed

To get elite banking, you’ll need to give the bank some documents. You might need:

• Proof of identity (passport)
• Proof of address (utility bill or bank statement)
• Income verification (pay slips or tax returns)
• Company incorporation documents (for business accounts)

Foreign companies need more documents and might need to meet in person. This makes the process take longer⁶.

Eligibility Criteria

What it takes to get elite banking changes from bank to bank in Singapore. Some common things include:

Opening a corporate bank account can take 1 to 4 weeks. Local companies usually get approved faster than foreign ones⁶. Simple local companies might get approved in 15 minutes to 1 week. Companies with more signatories could take 1 to 2 weeks⁶.

Meeting the eligibility criteria is just the first step in unlocking the world of elite banking in Singapore. Our experienced advisors are here to help you navigate the process and ensure a smooth journey to premium banking services.

The Benefits of Priority Banking Membership

If you’re a non-resident looking into premium banking in Singapore, knowing about priority banking is key. This elite status opens doors to special perks and financial solutions made just for you⁷.

One big plus of priority banking is the dedicated support from a Relationship Manager. With SGD 200,000 in total relationship balance, you get a personal banking partner. They’ll help you navigate wealth management and reach your financial goals⁷.

Priority banking members also get better rates on loans and deposits. This means your money can work harder for you. Plus, you’ll have access to exclusive investment opportunities to grow your portfolio⁸.

Traveling as a priority banking member offers special perks. You’ll get free airport limousine rides and lounge access. Also, charging your air ticket on an HSBC Premier Mastercard Credit Card comes with worldwide travel insurance (for Singapore residents)⁷.

Managing your finances across borders is easy with priority banking. You can handle up to 11 currencies with one Everyday Global Account (EGA). You also get instant money movement between HSBC global accounts, 24/7. Plus, there are no foreign exchange transaction fees for withdrawals in 10 currencies when using an HSBC account⁷.

Priority banking membership also offers exclusive wealth seminars and research insights. These empower you to make smart financial choices. With help from relationship management teams and wealth experts, you can plan for your family’s future⁷.

Elevate your banking experience in Singapore with priority banking membership and unlock a world of exclusive benefits and personalized financial solutions.

Exclusive Wealth Management Solutions

At our premier banking institution, we offer a wide range of wealth management solutions. These are designed for non-resident clients in Singapore. Our experienced team works with you to create a personalized investment plan. This plan matches your financial goals and risk level.

We focus on growing and preserving your wealth over time⁹. You’ll have access to various investment options. These include equities, fixed income, alternative investments, impact investing, and multi-asset strategies⁹. Our goal is to help you navigate global financial markets and spot new trends.

Portfolio Management Services

Our portfolio management is based on expert analysis and strategic asset allocation. We use insights from our Global Investment Committee to create tailored portfolios⁹. By diversifying your investments, we aim to manage risk and boost returns¹⁰.

We offer personalized services based on your sustainability preferences and financial goals⁹. Whether you’re interested in real estate, commercial aviation, new technologies, commodities, or renewable energies, we can find compelling investment opportunities for you⁹.

Investment Advisory

Our investment advisory services give you access to our seasoned wealth management professionals. We monitor global market trends and research hidden investment opportunities with strong growth prospects¹⁰. Our advisors will help you create a customized investment plan that meets your unique needs and goals.

We also integrate environmental, social, and governance (ESG) considerations into our investment process. Through active ownership and engagement, we aim to enhance long-term risk-adjusted returns while promoting sustainable practices⁹.

Asset Allocation Strategies

Effective asset allocation is key to managing risk and optimizing returns in uncertain markets. Our wealth management professionals specialize in developing strategic asset allocation strategies¹⁰. By diversifying your portfolio, we help reduce the impact of market volatility and economic uncertainties.

We also offer tactical asset allocation strategies to adapt to changing market conditions and seize short-term opportunities. Our investment strategists monitor global economic indicators, political developments, and market sentiments to make informed decisions on your behalf¹⁰.

Your Dedicated Relationship Manager: A Personal Banking Partner

In Singapore, premium banking clients get a dedicated relationship manager. This manager understands your financial situation and goals. They offer advice and solutions to help you reach your goals. To get a Relationship Manager, you need a total balance of at least SGD 200,000⁷.

Your manager is your go-to person for banking needs. They help create a financial plan that fits your goals. This could be saving for retirement, investing in property, or planning for your kids’ education. With their help, you can trust your financial future is secure⁷.

Your manager is committed to top-notch service and support. They answer your questions and guide you through wealth management. Private banking is for those with over $1 million in liquid assets¹¹.

They also help with various banking services. This includes managing up to 11 currencies with one account⁷. You won’t face foreign transaction fees in 10 currencies with the Everyday Global Account⁷.

• Global access to manage up to 11 currencies with a single Everyday Global Account (EGA)⁷
• No foreign transaction fees when spending in 10 currencies with the Everyday Global Account⁷
• Assistance available for moving money fee-free to over 50 international destinations using the HSBC app⁷
• 24/7 banking support via hotline for Premier customers in case of banking emergencies⁷

Your manager aims to enhance your premium banking experience. They ensure you get the support needed to achieve your financial goals. Clients enjoy dedicated managers for personalized advice¹¹.

“Our relationship managers are committed to providing our clients with the highest level of service and support. We understand that managing wealth can be complex and overwhelming, which is why we take a personalized approach to help our clients achieve their financial goals.”

With your dedicated manager, you’re in good hands. They ensure your personal banking needs are met with care. Whether it’s growing your wealth or planning for the future, they’re there to help.

Premium Credit Card Privileges and Rewards

As a premium banking client in Singapore, you get access to exclusive benefits. Our premium credit cards are designed to improve your lifestyle. They offer unmatched benefits tailored to your tastes.

Airport Lounge Access

One of the top perks of our premium credit cards is airport lounge access. The Citi Prestige Card gives you unlimited access to hundreds of VIP lounges worldwide. You and one guest can enjoy this benefit¹².

The Air India SBI Signature Credit Card offers eight free lounge visits a year. You also get access to over 600 international luxury lounges¹³. The Marriott Bonvoy® HDFC Bank Credit Card gives you 12 free lounge accesses in India and 12 internationally each year¹³.

Dining and Lifestyle Benefits

Our premium credit cards also come with dining and lifestyle perks. We partner with major airlines like British Airways and Singapore Airlines. This lets you convert points into amazing travel experiences¹⁴.

You can also use your points for vouchers from top retailers like M&S and Amazon¹⁴. For every 1,500 points, you can donate £5 to charities like Age USA¹⁴. Points redemption is easy online or by phone, with dedicated service from 8 am to 10 pm daily¹⁴.

Travel Insurance Coverage

Our premium credit cards offer top-notch travel insurance. The Citi Prestige Card covers up to S$1,000,000 for death or permanent disablement¹². You also get reimbursement for up to S$50,000 in overseas medical expenses¹².

The THAI American Express Platinum Credit Card offers Travel Accident Insurance up to THB 10 million¹³. The Citi Prestige Card also covers travel inconvenience benefits¹².

Experience the epitome of luxury and convenience with our premium credit cards, tailored to enhance your lifestyle and provide unmatched rewards.

Digital Banking Excellence for Premium Clients

If you’re a high-end banking client in Singapore, you’re in for a treat. Our top-notch digital banking system is ready to help you manage your money from anywhere. You’ll find our online banking and mobile app easy to use, no matter where you are.

Our digital banking lets you keep an eye on your money, send cash, pay bills, and more. It’s all super easy thanks to our simple design. You’ll find it easy to get through your banking tasks without a hitch.

We know you need special banking services because of your wealth. Unlike some banks that charge a lot and don’t care about you¹⁵, we offer a better experience. Our digital banking is designed to meet your needs with great support and special features.

Our mobile app makes banking easy. Just a few taps and you can:

• Check your account balances and transaction history
• Transfer funds locally and internationally
• Pay bills and manage your recurring payments
• Access your investment portfolio and make trades
• Receive real-time alerts and notifications

We take your financial safety very seriously. Our digital banking uses top security to keep your info safe. We update our system often to give you the latest security and features.

Being a premium client comes with extra perks. You get things like:

The future of banking is digital, and we are committed to providing our premium clients with the most advanced and convenient online banking experience possible.

See how our digital banking can change your banking experience. Enjoy managing your money your way with our top online banking and mobile app.

Concierge Services and Lifestyle Management

We know your time is precious. That’s why we offer many concierge services and lifestyle management solutions. Our team is dedicated to supporting you, making every moment count.

Travel Assistance

Planning a trip can be stressful. Our travel assistance makes your journeys smooth and fun. We book flights, accommodations, and arrange transportation for you. With Simplenight, you get access to over 10 million products in 191 countries¹⁶.

Event Access

As a premium client, you get exclusive event access. Enjoy sold-out concerts, sporting events, and galas. Our team uses its network to give you the best event access.

Lifestyle Coordination

We tailor our services to fit your lifestyle. From restaurant reservations to personal shopping, we make it luxurious and easy. We also help with moving, a major stress for many¹⁶. Let us handle the details so you can enjoy life.

National Bank of Kuwait (NBK) launched QGo Concierge in November 2022. This adds to the exclusive services for Premium Banking Customers¹⁷. Our relationship managers and 24/7 call center support ensure top-notch service¹⁷.

Experience the difference of premium banking with our concierge services and lifestyle management solutions, designed to elevate your every experience.

Global Banking Network Advantages

As a premium banking client in Singapore, you get access to a vast global banking network. This network spans across many continents, giving you the chance to use the expertise of top financial institutions worldwide. Singaporean banks have assets worth 2.5 trillion Singapore dollars as of 2023. They are served by 132 financial institutions, helping businesses⁶.

One big advantage of our network is how easy it makes international fund transfers. Our streamlined processes and advanced technology let you send money across borders safely and quickly. Whether it’s for family, business, or investing, our network makes it smooth. Traditional Commercial Banking is expected to grow at 2.66% annually, reaching US$7.88 billion by 2029⁶.

Multi-Currency Accounts

We also offer multi-currency accounts to make your international banking easier. These accounts let you hold and use multiple currencies without the need for constant conversions. They also protect you from exchange rate changes. With a multi-currency account, managing funds in different currencies becomes simple, saving you time and money. In Singapore, for 2025, a mix of banks and non-bank providers will offer these accounts¹⁸.

Cross-Border Banking Support

Dealing with international banking can be tough, but we’re here to help. Our team knows all about global banking rules and can guide you personally. We help with everything from opening accounts to handling cross-border transactions.

Discover the strength of our global banking network. Enjoy easy international transfers, multi-currency accounts, and our dedicated support. We help you reach your financial goals worldwide with confidence.

Tax Considerations and Financial Planning

As a non-resident in Singapore, it’s key to think about taxes and plan your finances well. Our team has helped NRIs with financial planning for 15 years¹⁹. We know how tricky investment rules can be, like with mutual funds¹⁹.

We look for ways to lower your taxes, like using the RNOR status¹⁹. We also stress the need for good estate planning. About 90% of people haven’t shared their wishes¹⁹. We aim to make sure your wealth preservation fits your goals.

Singapore has updated its tax incentives for funds, starting January 1, 2025²⁰. Funds need S$5 million in assets by the third year²⁰. They must spend between S$200,000 and S$500,000 locally each year²⁰.

We keep up with these changes to keep your financial planning on track. Our experts will help you understand the different tax schemes. This includes Section 13U for big funds and Section 13D for non-resident ones²⁰.

“The Monetary Authority of Singapore (MAS) has introduced a digital portal to streamline the application process for fund tax incentives.”²⁰

Choosing our premium banking means you get ongoing financial education¹⁹. You’ll also have a dedicated consultant to help with rules and taxes¹⁹. Our tax planning skills and knowledge of Singapore’s tax scene help you make smart choices for your wealth preservation.

Conclusion: Elevating Your Banking Experience in Singapore

At Easy Global Banking, we focus on giving non-resident clients top-notch banking services in Singapore. We tailor our services to fit each client’s unique needs and goals. Our wealth management options help you grow your wealth by making smart financial choices²¹.

Being a premium banking client means you get special perks. You’ll have a dedicated relationship manager and enjoy premium credit card rewards. Our global network makes international money transfers and managing accounts across borders easy.

We know how key it is to follow tax laws and financial planning rules. Our team keeps up with tax changes, like the new Section 13OA incentive²¹. We aim to help you understand and use these changes to your advantage.

At Easy Global Banking, we aim to make your banking experience in Singapore better. As a non-resident, you can count on us to help you reach your financial goals. Discover the benefits of premium banking with us today.

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