OCBC Business vs UOB Business: what each publishes
As of October 17, 2026, we hold no rule from OCBC Business or UOB Business on the 7 industries we track; below, side by side: where each takes companies from, its fees, its terms on closing accounts and its licence.
Not a ranking: the two names are in alphabetical order. The free check applies every provider’s rules to your own answers.
Where it takes companies from
OCBC Business
- United Kingdom
- EU / EEA (western & northern, plus Spain, Italy, Portugal)
- EU / EEA (Baltics, central & eastern, plus Croatia, Greece, Cyprus, Malta)
- Switzerland / Liechtenstein
- United Arab Emirates
- United States
- Developed Asia-Pacific
- CIS / Central Asia / Caucasus
- Latin America
- Middle East & North Africa
- Africa
- Jersey, Guernsey, Isle of Man, Gibraltar
- Other offshore centres
- Other
The regions its own documents name, read on October 9, 2026
UOB Business
- United Kingdom
- EU / EEA (western & northern, plus Spain, Italy, Portugal)
- EU / EEA (Baltics, central & eastern, plus Croatia, Greece, Cyprus, Malta)
- Switzerland / Liechtenstein
- United Arab Emirates
- United States
- Developed Asia-Pacific
- CIS / Central Asia / Caucasus
- Latin America
- Middle East & North Africa
- Africa
- Jersey, Guernsey, Isle of Man, Gibraltar
- Other offshore centres
- Other
The regions its own documents name, read on October 9, 2026
Policy by industry
| Industry | OCBC Business | UOB Business |
|---|---|---|
| Crypto | No published rule | No published rule |
| iGaming | No published rule | No published rule |
| Adult | No published rule | No published rule |
| Unlicensed financial services | No published rule | No published rule |
| AI and SaaS | No published rule | No published rule |
| Forex and CFD | No published rule | No published rule |
| Marketplace | No published rule | No published rule |
Where owners must live
OCBC Business
No published rule
UOB Business
No published rule
Rules about countries
OCBC Business
No published rule
UOB Business
No published rule
Fees
OCBC Business
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| Business Growth Account (Singapore-registered businesses) | Not stated; initial deposit SGD 1,000 | SGD 10 a month, waived for the first 2 months; plus SGD 20 a month if the monthly average balance falls below SGD 1,000 (SGD 50 if below SGD 50,000 with the interest promotion activated) | · Source |
| Business Foreign Account (businesses registered outside Singapore) | USD 1,200 one-time account set-up fee | SGD 80 a month (SGD account) or USD 80 a month (Multi-Currency Business Account), waived for the first 2 months | · Source |
UOB Business
| Plan | Account opening | Monthly | Checked |
|---|---|---|---|
| UOB eBusiness Account | Not stated for Singapore companies; foreign-incorporated companies pay an account set-up fee of at least SGD 500 ('Account Setup Fee of minimum S$500') | SGD 35 a year account fee; SGD 15 a month fall-below fee if average daily balance is below SGD 5,000 (waived for the opening month and the next 11 months) | · Source |
| UOB BizTransact Account | Not stated for Singapore companies; foreign-incorporated companies pay an account set-up fee of at least SGD 500 | No annual fee; SGD 50 a month fall-below fee if average daily balance is below SGD 50,000 | · Source |
| UOB BizGlobal Account (USD) | Not stated for Singapore companies; foreign-incorporated companies pay an account set-up fee of at least SGD 500 | USD 80 a month fall-below fee if average daily balance is below USD 80,000 | · Source |
Closing an account
OCBC Business
The Bank may, upon fourteen (14) days (or such period as the Bank may determine from time to time in its sole and absolute discretion) prior written notice to the Customer terminate and/or suspend any Account for any reason whatsoever.
UOB Business
Unless otherwise stated in these General Terms, we may at any time without prior notice in our discretion and without giving any reason: (a) close any Account; and/or
Licence
| Licensee | OCBC Business | UOB Business |
|---|---|---|
| Licensee | Oversea-Chinese Banking Corporation Limited · bank licensed by the Monetary Authority of Singapore (local bank) | United Overseas Bank Limited · bank licensed by the Monetary Authority of Singapore (local bank) |
| Regulator | MAS · | MAS · |