Singapore may be the world’s most expensive city in the world for expats to live in, but it’s also the greatest. HSBC’s global expat survey has ranked Singapore the best expat destination for the third year running based on a range of economic, experience and family criteria.
If you’re considering making the move to Singapore – or already in the midst of preparing – here’s what you need to know about handling your finances.
How do I open a bank account and make money transfers?
It’s fairly straightforward to open a bank account, even as an expat. Many banks operate in Singapore; from local banks like DBS, POSB, OCBC and UOB, to foreign ones like American Express, Citibank, HSBC and Standard Chartered. Local banks tend to have the most ATMs, with DBS and POSB the topping the list as their ATMs are interchangeable.
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