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     Banking & Finance - Local Banks

  Local Banks  -  Full Banks

 

Singapore Skyline Circa 2005

     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. POSB Bank history

     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..."

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