Top Banks in Singapore
Singapore boasts a robust banking sector, regulated by the Monetary Authority of Singapore (MAS), with a mix of local giants and international players catering to retail, business, and wealth management needs. Based on recent 2025 rankings by assets under management (AUM), market share, and customer satisfaction, here are the top banks in the country. These stand out for their digital innovation, regional reach, and comprehensive services.
DBS Bank Singapore / Development Bank of Singapore
https://www.dbs.com.sg
The largest bank in Singapore and Southeast Asia, known for strong digital banking and global presence.
As Singapore's largest bank and a leading force in Asia, DBS excels in digital banking with tools like the DBS digibank app and PayLah! for seamless payments. It's ideal for both personal and business accounts, offering high-interest savings and SME loans up to SGD 500,000 at competitive rates. DBS has been named the world's best bank multiple times by Global Finance.
OCBC Bank (Oversea-Chinese Banking Corporation) - Personal Banking, Business Banking
https://www.ocbc.com
A leading bank with a strong regional footprint, especially in wealth management.
A major local player with strong ASEAN and Greater China presence, OCBC is renowned for its business solutions, including USD-focused accounts for foreign-owned companies and virtual card options. It provides robust retail services like the OCBC 360 Account for maximizing savings interest, making it a top choice for cross-border operations.
United Overseas Bank (UOB)
https://www.uob.com.sg
Prominent across Asia, with a focus on corporate banking and regional expansion. Known for its extensive Southeast Asian network, UOB shines in regional trade finance and offers tailored accounts for SMEs, including the UOB BizAccount. Its credit cards, such as the UOB One Card, deliver up to 10% cashback on everyday spends, appealing to both individuals and expanding businesses.
HSBC Singapore
https://www.hsbc.com.sg
Known for international banking and trade finance. This global heavyweight focuses on international banking, with premium services for expats and high-net-worth individuals, including multi-currency accounts and global transfers at low fees. HSBC's Premier status unlocks worldwide privileges, and it's a go-to for wealth management with access to Asian markets.
Standard Chartered Singapore
https://www.sc.com/sg/
Long-established in Singapore, offering retail and corporate banking. Emphasizing innovation in sustainable finance, Standard Chartered offers priority banking for affluent clients and digital tools like the SC Mobile app for instant remittances. It's particularly strong for businesses in trade and commodities, with dedicated support for startups and ESG-focused lending.
Bank of China (Singapore)
https://www.bankofchina.com/sg/
A key player for China-Singapore trade links, it provides specialized services like Renminbi clearing and cross-border wealth solutions. Ideal for businesses dealing with Greater China, it also offers competitive fixed deposits and personal loans for residents.
Maybank Singapore
https://www.maybank2u.com.sg
Personal, Wealth and Corporate Banking
Malaysia's largest bank, strong in retail and SME banking. As Malaysia's largest bank with a solid local footprint, Maybank delivers affordable retail banking, including the Maybank SaveUp Account with tiered interest rates. It's popular among SMEs for its Islamic banking options and quick loan approvals.
Citibank Singapore
https://www.citibank.com.sg
Popular for credit cards and wealth management services.
Renowned for its rewards-driven credit cards and high-yield Citi Wealth accounts, Citibank caters to urban professionals with 24/7 concierge services and global ATM access. Its business arm supports e-commerce firms with payment gateways and FX hedging.
Bank of America Merrill Lynch Singapore
https://business.bofa.com/sg/en/about-us.html
Focused on corporate and investment banking, this U.S. giant excels in treasury services and advisory for multinationals. For high-net-worth clients, it offers bespoke portfolio management with a minimum threshold around USD 3 million.
BNP Paribas in Singapore
https://apac.bnpparibas/en/singapore/
A European leader in sustainable and corporate banking, BNP Paribas provides advanced trade finance and green bonds. It's favored by institutional investors for its research-driven wealth advisory and multi-asset solutions.
These banks dominate due to their stability, with the "Big Three" (DBS, OCBC, UOB) controlling over 70% of domestic deposits as of mid-2025. For personal banking, prioritize digital features; for businesses, focus on regional expertise. Always check MAS licensing for the latest compliance.
DBS Digital innovation, retail & corporate banking Asia-Pacific, global presence
OCBC Wealth management, insurance (via Great Eastern) Southeast Asia, Greater China
UOB Corporate lending, SME support ASEAN, China
Standard Chartered International trade, corporate banking Global
Citibank Credit cards, wealth management Global
Maybank Retail, SME, Islamic banking Malaysia, ASEAN
HSBC Trade finance, global banking Worldwide
These banks dominate Singapore’s financial landscape, but there are over 150 banks operating in the country, including many specialized and private banks.
best banks for personal banking vs business banking
Best for Personal Banking
According to recent reviews, the top choices for individuals in Singapore include:
DBS Bank – Widely regarded as the most convenient for everyday banking, with excellent digital tools and a huge ATM/branch network.
OCBC Bank – Strong in savings accounts and wealth management, plus good family-oriented products. - UOB – Popular for credit cards and lifestyle perks.
Citibank & Standard Chartered** – Great for international customers and those who need global access.
Maybank & Maribank – Competitive interest rates and simple account options.
For loans, CIMB, Trust Bank, and UOB are often highlighted for low interest rates and flexible repayment options.
Best for Business Banking
If you’re running a company or freelancing, here are the standouts:
DBS Bank – Known for SME-friendly accounts, digital invoicing, and strong financing support.
OCBC Bank – Offers tailored solutions for SMEs and larger corporations.
UOB – Good for regional businesses with ASEAN connections.
Digital/Fintech options (like Airwallex, Aspire, Osome) – Lower fees, multi-currency accounts, and fast international transfers.
Qu4ick Takeaway
Everyday personal use → DBS, OCBC, UOB
Loans & credit → CIMB, Trust Bank, UOB
Global access → Citibank, Standard Chartered, HSBC
Business banking → DBS, OCBC, UOB, plus fintechs for startups
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