Private Banks in Singapore
Compare leading private banks and their services in Singapore
Singapore Banks
Leading local private banks with strong regional presence
| Bank | Minimum Investment | Management Fee | Key Services | Description |
|---|---|---|---|---|
| DBS Private Banking | SGD 3,000,000 | 0.45% - 1.55% |
| Singapore's largest bank offering comprehensive private banking services |
| OCBC Private Banking | SGD 2,000,000 | 0.40% - 1.50% |
| Full-service private banking with strong Asian presence |
| UOB Private Banking | SGD 2,500,000 | 0.42% - 1.52% |
| Private banking services with extensive regional network |
| Bank of Singapore | SGD 2,000,000 | 0.40% - 1.50% |
| Dedicated private banking subsidiary of OCBC |
Global Banks
International private banks with Singapore operations
| Bank | Minimum Investment | Management Fee | Key Services | Description |
|---|---|---|---|---|
| UBS Private Banking | USD 2,000,000 | 0.50% - 1.50% |
| Global wealth management leader with strong Asian presence |
| Credit Suisse Private Banking | USD 1,000,000 | 0.45% - 1.35% |
| Swiss private banking expertise in Asia |
| J.P. Morgan Private Bank | USD 5,000,000 | 0.60% - 1.75% |
| Global private banking with comprehensive services |
| Standard Chartered Private Bank | USD 2,000,000 | 0.50% - 1.60% |
| International private banking with Asian focus |
| HSBC Private Banking | USD 5,000,000 | 0.65% - 1.75% |
| Global private banking with strong presence in Asia |
| Citi Private Bank | USD 25,000,000 | 0.80% - 1.90% |
| Ultra-high-net-worth focused private banking |
Frequently Asked Questions
What is the minimum investment for private banking in Singapore?
Minimum investments vary by bank, typically ranging from SGD 1-3 million for local banks and USD 2-5 million for global banks. Some banks like DBS Private Bank require SGD 3 million, while others like OCBC Private Bank start at SGD 2 million.
What services do Singapore private banks offer?
Singapore private banks offer comprehensive wealth management services including investment advisory, estate planning, tax optimization, succession planning, family office services, and exclusive investment opportunities. They also provide specialized Asian market expertise and cross-border solutions.
How are private banks regulated in Singapore?
Private banks in Singapore are regulated by the Monetary Authority of Singapore (MAS) under the Banking Act and Securities and Futures Act. They must comply with strict regulatory requirements including anti-money laundering rules and client asset protection measures.
What are the advantages of private banking in Singapore?
Singapore offers political stability, strong regulatory framework, tax efficiency, comprehensive wealth management expertise, and strategic location as Asia's premier financial hub. The country's private banks combine global capabilities with deep Asian market knowledge.
Related Articles
Guide to Private Banking in Singapore 2025
Comprehensive overview of private banking services, requirements and opportunities
Read More →Choosing Between Local vs Global Private Banks
Compare Singapore's local banks with international private banks
Read More →Private Banking for Young Professionals
How to get started with private banking services in Singapore
Read More →