Singapore is not just our close neighbor, but also one of the strongest financial hubs in Southeast Asia. It’s no wonder that many Indonesians want to have a bank account there, whether for business purposes, their children’s education, or long-term investment. But which banks are the best and most reliable?
Why is Singapore such a popular choice? Besides its highly secure and advanced system, banks in Singapore are known for their strong international reputation. It’s true that the requirements to open an account there are stricter than in Indonesia, but the benefits you get are definitely worth it. From digital banking that is seamless, to the ease of global transactions, everything is at your fingertips.
Best Banks in Singapore
If you’re choosing which bank best suits your needs while in Singapore, here are “The Big Three” — the three major local banking giants whose quality is globally recognized:
- DBS Bank (Development Bank of Singapore)
This is the largest bank in Singapore and Southeast Asia. DBS has been repeatedly named the “World’s Best Bank” due to its innovation.
Advantages: Its mobile banking(DBS digibank) is highly advanced and intuitive, allowing you to handle banking tasks in just a few clicks.
Suitable for: Those who prioritize digital convenience and enjoy easy access to modern and innovative lifestyle promotions.
- OCBC Bank (Oversea-Chinese Banking Corporation)
The name OCBC is certainly familiar to many Indonesians. This bank is known for its stability and outstanding reputation in risk management.
Advantages: Savings products like OCBC 360 are very beneficial as they offer higher interest rates if you actively save or pay bills through the account.
Characteristics: Highly professional and provides a strong sense of security, making it an ideal choice for customers who want to focus on managing and growing their wealth(wealth management).).
- UOB (United Overseas Bank)
UOB is an excellent choice if you have high mobility across Southeast Asia. Their network is very extensive and offers highly personalized customer service standards.
Advantages: UOB credit and debit card holders enjoy various benefits,ranging from big discounts at restaurants and shopping centers to priority access for major concert tickets in Singapore.
Suitable for: Those who have an active lifestyle, enjoy traveling,or frequently shop, as their services are designed to be highly customer-centric..
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