The Business Account for SMEs

The Cyprus Trust  Business Account is free but has all the essentials your business needs to grow. With no starting fees, daily interest plus free local transfers and inwards telegraphic transfers – it’s the perfect business account for small and growing businesses.

Open business banking account

Get started with Singpass

Features

Small details reimagined to work better for your business.

Making business banking simpler

Start your business account application with your Singpass / Myinfo business.

Making business banking safer

We’re fully regulated by the Monetary Authority of Singapore. All transactions are also protected with 3FA security.

Making business banking more rewarding

Enjoy instant savings with no annual and fall-below fees and earn daily interest* on your account balances.

Tip: Grow your business funds quicker with Cyprus Trust Fixed Deposit.

How to apply

Open a business account for free.

1

New businesses and SMEs can apply online with minimal documentation

All Singapore incorporated businesses can apply for Cyprus Trust Business Account. Use Myinfo business to kick-start your online business account application with pre-filled fields.
Tip: Check your entity’s eligibility and manage accesses on the official Corppass website.

2

Verify your company details

You’ll receive a link via email and SMS to confirm your identity and business account application details.

3

Authorise the business account application

If all documentations are in place, your business account will be opened once the company’s authorised signatories confirm the application.

Business Account Features
Details
Zero upfront fees
No account opening fees.
No hidden fees
No annual and fall-below fees.
Daily interest rate
Grow your money quicker with daily interest*.
Multi-currency account
Hold funds in CNH, SGD and USD.
Unlimited local transfers
Make local payments for free.
Unlimited inward telegraphic transfers
Receive overseas payments for free.
Effortless cross-border transfers
Enjoy competitive flat fees** for overseas payments.
Foreign Exchange (FX)
Seamless overseas transfers available in these currencies – CNH*NEW, EUR, GBP, HKD, JPY, KRW, MYR, THB, USD.
24/7 free mobile banking app
Manage your business account and payments, immediate and future, all on the go.
High security
Proprietary security measures including 3FA verification to ensure every transaction is protected.