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which bank's Corporate account offers
Posted: Sat, 28 Oct 2006 1:46 am
by tuk boy
the lowest monthly average ledger balance ?
i need to open a Corporate account, any banks to intro ?
thanks!
Posted: Sun, 29 Oct 2006 12:12 am
by jpatokal
You only need $1000 to open the account, but they charge you a few bucks ($10?) if you drop below $10k. Applies to all Sing banks as far as I know -- but I bank with UOB because their corporate Internet banking is free, while DBS wants $50/mo.
Posted: Mon, 13 Nov 2006 10:21 am
by shidal
other than that ,any things to look for corporate account??like documents needed?
Posted: Mon, 13 Nov 2006 7:18 pm
by jpatokal
Incredible bureaucracy awaits. Make one trip to the bank in advance to collect the application forms and have fun...
Posted: Wed, 15 Nov 2006 1:06 am
by tuk boy
jpatokal wrote:You only need $1000 to open the account, but they charge you a few bucks ($10?) if you drop below $10k. Applies to all Sing banks as far as I know -- but I bank with UOB because their corporate Internet banking is free, while DBS wants $50/mo.
do you mean we have to pay 50 per month to use internet banking ???
Posted: Thu, 16 Nov 2006 3:24 pm
by jpatokal
tuk boy wrote:do you mean we have to pay 50 per month to use internet banking ???
If you sign up with DBS and want to also pay bills, then yes. Quite a rip-off, isn't it? Go for UOB instead.
Posted: Thu, 25 Jan 2007 11:06 pm
by LetThereBeLight
You may want to look up more info for UOB, as well as Maybank. Maybank seems to offer quite attractive rates.
Posted: Tue, 30 Jan 2007 2:02 pm
by Grim Reaper
OCBC has a corporate account with only a 500 $ deposit and only after six months you pay 15 $ penalty for a balance less than 10K $.
Internet not charged either.
Posted: Wed, 31 Jan 2007 7:35 am
by AdamC
500? woot.. tt's a big catch for small operators & startup.
I think need to put the monthly sub for I-banking aside. If you are trading high volume, what eat into your pocket is the rate
UOB still the best, they offer the best rate