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UOB Corporate Banking – Corporate Services Review
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UOB Corporate Banking – Corporate Services Review

UOB Bank

UOB Bank
8.6

Speed

8.5 /10

Price

8.9 /10

Products Offering

8.5 /10

Quality of Service

8.5 /10

Price Transparency

8.5 /10

Who they are

UOB which stands for United Overseas Bank is one of the leading banks in Asia. UOB Group’s presence is all over China, Singapore, Malaysia, Indonesia and Thailand, aiming to expand its regional presence in Asia. Founded on 1935, UOB Group has evolved tremendously through the years. They have opened 500 offices in 19 countries including offices in North America, Asia Pacific and Western Europe.

Main Corporate Services

UOB’s Commercial Banking Accounts are divided into three groups. Under these groups are accounts for each that will suit your business banking needs.

  • Operating Accounts* Current Account
    *Global Currency Account
    * UOB eBusiness Account
  • Yield Accounts
    *Singapore Dollar Fixed Deposit
    *Foreign Currency Fixed Deposit
    *UOB FlexiYield Account
  • Other Accounts
    * Conveyancing Account
    * Renminbi Account Services

UOB’s business accounts depend on whether you will choose from Commercial Banking or Corporate Banking. Accounts below are under the Commercial Banking rates of Operating Accounts.

Operating Accounts

Current AccountsGlobal Currency AccountsUOB eBusiness Accounts
Initial DepositS$1,000dependent on currency:
USD 28
S$1,000
Minimum Daily BalanceS$10,000dependent on currency:  USD 8,000S$5,000
Fall-below feeS$35S$15
Early closure feeS$30 (for closure within 6 mos)S$30 (for closure within 6 mos)
Cheque clearing chargesWaived for the first 30 cheques  per month. Subsequent cheques  at $0.50 eachOTC Cash deposit & wirhdrawal: S$20/per transaction

UOB Corporate Banking Account Summary Review

Opening an account with UOB will mean you still need to go through the usual process. Meaning, go to your branch of choice and get the forms needed. You also need to fill out the necessary information and then submit it to the bank officer. UOB Group is one of the leading banks in Singapore, and the products they offer differ from the type of account you will be getting. Although it is hard not to note the negative customer reviews all over the internet. You may check their website for more information on their accounts services.

 

Find out more about their updated pricing below

If you have had an experience with them, please let us know by leaving a comment on this page. 

Address

Address:

Robinson Road, P.O Box 1688 Singapore 903338

Telephone:
Email:

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Contact for more details

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Comments (3)

  1. Speed

    0.60

    Price

    6.40

    Products Offering

    0.60

    Quality of Service

    0.30

    Price Transparency

    0.90

    Worst customer service we have ever experienced. The bank officers and slow, rude, and outright condescending. However, they do offer low telegraphic transfer rates. If your company operates locally and does not need much telegraphic transfer service. NEVER GO TO UOB!

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UOB Bank

UOB Bank
8.6

Speed

8.5 /10

Price

8.9 /10

Products Offering

8.5 /10

Quality of Service

8.5 /10

Price Transparency

8.5 /10

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