Overview
ANEXT Bank, at a glance.
ANEXT Bank is a digital wholesale bank headquartered in Singapore, regulated by Monetary Authority of Singapore. Business accounts cost SGD 0 a month. Opening an account takes 3–5 days.
ANEXT Bank Pte. Ltd. is licensed by the Monetary Authority of Singapore as a digital wholesale bank. Its deposits are not insured by the Singapore Deposit Insurance Corporation.
Why businesses pick ANEXT Bank
- No set-up fee, monthly fee or minimum balance
- Free FAST, PayNow, GIRO and MEPS transfers
- SWIFT payments in ten currencies for a flat SGD 15
- Holds SGD, USD, CNH and EUR
- Open to private limited companies, LLPs, partnerships and sole proprietorships
Watch out for
- Only for businesses incorporated in Singapore; you need Singpass or Corppass to apply
- Deposits are not covered by Singapore deposit insurance
- Money received in GBP, HKD, JPY, KRW, MYR or THB is converted to US dollars
- No business card
- A set-up fee may apply for accounts that need a dedicated relationship manager
Business fit
Will ANEXT Bank accept your business?
Four quick answers. Where your company is registered and what it does rule a provider in or out faster than anything else.
Based on ANEXT Bank's published rules
Likely no
ANEXT Bank does not list United Kingdom among the countries where it accepts companies.
ANEXT Bank does not publish a minimum company age or turnover, so those two answers are not checked here.
This is one provider. Your profile checks all of them.
- Every provider that fits your business
- The reason behind each match
- Company age and turnover checked too
Who it works with
Accepted and not accepted.
What ANEXT Bank publishes about the businesses it takes on.
Who ANEXT Bank serves
- Startups and SMEs
- E-commerce
- Import and export
- Professional services
Not supported
Industries and countries ANEXT Bank does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use ANEXT Bank?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
SGD, USD, CNH and EUR
Hold and receive · 4 currencies
- EUR
- USD
- CNH
- SGD
Pay out · 10 currencies
- EUR
- USD
- GBP
- JPY
- CNH
- HKD
- KRW
- MYR
- SGD
- THB
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- Singapore
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Private limited companies, Limited liability partnerships, Partnerships, Limited partnerships, Sole proprietorships
Pricing
What does ANEXT Bank cost?
Look beyond the monthly fee. Your total cost depends on how many transfers you make, where they go and how much you convert.
Account cost
Opening fee
Free
Monthly fee
Free
ANEXT Business Account
SGD 0 per month
SGD 0 setup · SGD 0 in year one
Transaction fees
| Cost | Listed amount | How it is charged |
|---|---|---|
| Incoming | ||
| SWIFT / international | SGD 15 | Fixed fee |
| Outgoing | ||
| SWIFT / international | SGD 15 | Fixed fee · Intermediary and beneficiary bank fees may apply |
| To another ANEXT Bank account | Free | No charge · FAST, PayNow, GIRO and MEPS in Singapore |
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Cards
| Cost | Listed amount | How it is charged |
|---|---|---|
| Physical card issue | Not offered | Not available |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Apply
Start the application online or through the sales team.
- 2
Company and people
Give the company's registration details, directors and owners.
- 3
Checks
Upload the documents requested and complete identity verification.
- 4
Account live
Once approved, the account is opened and you receive its details.
Documents you need
Not published
FAQ
Your questions, answered.
Is ANEXT a bank?
ANEXT Bank Pte. Ltd. is a digital wholesale bank licensed by the Monetary Authority of Singapore and owned by Ant Group. Its deposits are not insured by the Singapore Deposit Insurance Corporation.
How much does the ANEXT Business Account cost?
There is no set-up fee, monthly fee or minimum balance. Local transfers are free and SWIFT payments cost SGD 15.
Who can open an ANEXT Business Account?
Private limited companies, LLPs, partnerships, limited partnerships and sole proprietorships incorporated in Singapore. The application starts with Singpass or Corppass; foreign owners may be asked for more documents.
Which currencies does ANEXT support?
Accounts hold SGD, USD, CNH and EUR. Payments can be sent in ten currencies; money received in GBP, HKD, JPY, KRW, MYR or THB is converted to US dollars.
Alternatives
How ANEXT Bank compares.
If ANEXT Bank is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 ANEXT BankThis pageDigital wholesale bank |  | Digital bankNo monthly fee |
 DBSBank | | Foreign-owned companies13 currencies |
 OCBCBank | | Foreign-owned companies14 currencies |
 AspirePayments platform |   | Free planCorporate cards |
 AirwallexE-money institution |   | Global accountsOnline businesses |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.