# SGB (Singapore Gulf Bank): Business account

> A Bahraini wholesale bank for the digital-asset economy: corporate multi-currency accounts in USD, SGD, CNH, GBP and EUR, virtual accounts for reconciliation, SWIFT payments, instant transfers on its SGB Net network and stablecoin (USDC, USDT) settlement. Corporate accounts start from an online interest form and are opened remotely; prices are not published.

Finzil profile: https://finzil.com/providers/sgb · Provider website: https://sgb.com · Facts checked: 2026-10-20

## Key facts

- **Monthly fee:** Not published
- **Currencies:** 5 (USD, SGD, CNH, GBP, EUR)
- **Onboarding:** 3–5 days (typical)
- **Provider type:** Wholesale bank
- **IBAN:** Corporate accounts with virtual accounts
- **Payment rails:** SWIFT, SGB Net (instant, between SGB clients)
- **Safeguarding:** No deposit guarantee stated
- **Remote opening:** Yes
- **Headquarters:** Bahrain
- **Currency codes:** USD, SGD, CNH, GBP, EUR

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Not published
- **Countries of incorporation accepted:** Not published
- **Countries of incorporation refused:** Not published
- **Owner residency accepted:** Not published
- **Owner residency refused:** Not published
- **Owner nationality refused:** Not published
- **Company types accepted:** Private and public limited companies, LLPs and partnerships, Sole proprietors, Non-profit organisations

## Industries

- **Industries served:** Crypto, Financial institutions, Import and export, IT and software, Professional services
- **Prohibited industries (provider's own list):** Not published

## Licences

- Bahrain: Central Bank of Bahrain, Conventional wholesale bank, Singapore Gulf Bank B.S.C. (c) (https://www.cbb.gov.bh/cbbapi/CBBRegister.php?finder=rgstr;catid=401,sbcatid=343,insid=ALL,insnm=)

Safeguarding: Singapore Gulf Bank is licensed by the Central Bank of Bahrain as a conventional wholesale bank. It says it does not lend out customer deposits and keeps them in high-quality liquid assets; it does not name a deposit guarantee scheme for its clients.

## Fees

Source: https://www.sgb.com/faq (checked 2026-10-20)

### Plans

- **Corporate account:** Custom pricing

### Incoming

- SWIFT / international: Free · SGB charges nothing; sending and intermediary banks may

### Outgoing

- SWIFT / international: Not published
- To another SGB (Singapore Gulf Bank) account: Free · SGB Net, between SGB accounts

### Currency exchange (FX)

- FX markup: Not published · The rate and spread are shown in the app before you confirm

## Opening an account

Opening an account typically takes three to five business days.

1. **Interest form.** Send the business-interest form: company, registration, country of incorporation, entity type, industry and regulator.
2. **Purpose.** Describe the business, why you need the account and the expected deposit.
3. **Review.** SGB reviews the request and contacts you from an sgb.com address.
4. **Onboarding.** Complete SGB's corporate KYC and AML checks remotely.

Documents: Not published

## Pros and cons

- Pro: A licensed bank serving digital-asset companies
- Pro: Balances in USD, SGD, CNH, GBP and EUR
- Pro: Virtual accounts for reconciling payments in and out
- Pro: Free, instant transfers between SGB clients on SGB Net, around the clock
- Pro: Stablecoin (USDC, USDT) settlement
- Con: No corporate prices published
- Con: Sales-led: an interest form first, then review
- Con: No corporate cards
- Con: No deposit guarantee stated
- Con: Eligibility varies by country, nationality and regulation; no lists published

## Finzil's take (opinion)

SGB is one of the few licensed banks built for crypto and digital-asset companies, with multi-currency accounts, stablecoin settlement and a free instant network between its clients. It is sales-led and publishes no prices, so expect a proper due-diligence process.

## Alternatives

- [AMINA Bank](https://finzil.com/providers/amina-bank): Bank · Switzerland
- [Sygnum Bank](https://finzil.com/providers/sygnum-bank): Bank · Switzerland
- [BVNK](https://finzil.com/providers/bvnk): E-money institution · UK
- [FV Bank](https://finzil.com/providers/fv-bank): International bank · Puerto Rico

## FAQ

**Is SGB a bank?**

Yes. Singapore Gulf Bank B.S.C. (c) is licensed and regulated by the Central Bank of Bahrain as a conventional wholesale bank.

**How much does an SGB corporate account cost?**

SGB publishes no corporate prices. Transfers between SGB accounts on SGB Net are free and incoming payments carry no SGB fee.

**Which currencies does SGB support?**

USD, SGD, CNH, GBP and EUR, plus USDC and USDT stablecoins.

**How do I apply?**

Through the business-interest form on sgb.com. SGB reviews it and contacts you; onboarding is remote.

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