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Your Savings Account Sucks, Here Are Some That Don’t – 2019 Edition

Believe it or not, masses of Singaporeans are still using a POSB savings account and “enjoying” the standard POSB interest rates of 0.05% p.a. on their hard-earned savings. You know what? That’s equivalent to paying hundreds of dollars every year (in inflation) just to use the services of the bank. …

The Banking Industry and the Major Players in Singapore

Singapore is a flourishing financial centre of international repute servicing not only its domestic economy per se but also the entire Asia Pacific region. The banking industry is a key player in the country’s financial market segment, soon emerging as one of the strongest in the world. Factors …

Your First Bank Account in Singapore

A simple guide to setting up your bank accounts in Singapore. If you are coming to work in Singapore for the first time, you would be glad to know that the country is a regional financial hub with a wide range of banks and financial services to choose …

What lessons could be learned from ABLV bank crash?

What happened between Red Rooster and Yellow Dog? Don’t you agree, it is a weird question. Though, it has a precise answer: The Black Swan. Those who familiar with trader and economist Nassim Taleb’s accounts, know that The Black Swan term is used to describe events which seem …

How can a foreigner open a bank account in Singapore in 2019?

We would like to tell you about the possibility of opening up a bank account in Singapore for individuals who are non-residents of the city-state. The year 2018 was a year of further tightening of onboarding rules in banks worldwide. As a result, establishing bank accounts is now …