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Banking & Finance - Banks
Local Banks
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Banking
& Finance
There are currently three (3) local banks in Singapore:
1. DBS
Bank
6 Shenton Way DBS Bldg Tower 1 Singapore 068809
Tel: (65) 6220 1111 Fax: (65) 6221 1306
POSB Bank is part of DBS Bank.
2. Overseas
Chinese Banking Corporation (OCBC Bank)
65 Chulia Street OCBC Centre Singapore 049513
Tel: (65) 6535 7222 Fax: (65) 6533 7955
Keppel TatLee Bank has been integrated into OCBC Bank.
3. United
Overseas Bank (UOB Bank)
80 Raffles Place UOB Plaza 1 Singapore 048624
Tel: (65) 6539 2705/6538 2758 Fax: (65) 6539 2742
Overseas Union Bank
is part of UOB Bank.
Services
offered:
-
Savings account
-
Current Account
-
Fixed Deposit (Singapore dollar)
-
Asian Currency Unit
-
Negotiable Certificates of Deposit (NCDs)
-
Loans
-
Trade bills
-
Foreign exchange
-
Remittances
- Safe
deposit boxes
News Snippets 2006
-
5-day clearing week for banks from 15 May 2006
Deposit Insurance Scheme launched in Singapore
"From 1 April, the deposit insurance scheme
will compensate individuals and charities for the first $20,000 of their
Singapore dollar deposits in standard savings, current and fixed deposit
accounts, net of liabilities, in the event that their bank or finance
company fails..."
More.....