Overview
Sleek, at a glance.
Sleek is a payment institution headquartered in Singapore, regulated by Monetary Authority of Singapore. The business account has no monthly fee. Opening an account takes 3–5 days. Non-residents are accepted: owners and directors do not need to live in the country where the company is registered.
Sleek Tech Pte. Ltd. is a major payment institution licensed by MAS (PS20200521). Customer money is held in a segregated safeguarding account at DBS Bank Ltd. Sleek is not a bank and the balance is not covered by SDIC.
Why businesses pick Sleek
- Free: no minimum balance, deposit or monthly fees
- SGD and 11 other currencies
- Opened online, even from overseas, with a video identity check
- Visa virtual cards with spend controls
- Comes with Sleek's incorporation, secretary and accounting services
Watch out for
- Not a bank: the balance is not covered by SDIC
- No cash or cheques
- Singapore companies only
- Some regulated sectors (financial services, crypto, gambling) cannot be served
Business fit
Will Sleek 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 Sleek's published rules
Likely no
Sleek does not list United Kingdom among the countries where it accepts companies.
Sleek 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 Sleek publishes about the businesses it takes on.
Who Sleek serves
- Startups and SMEs
- E-commerce
- IT and software
- Professional services
Not supported
Industries and countries Sleek does not accept, from its own published lists.
Industries
- Not published
Countries
- Not published
Coverage
Where can you use Sleek?
Coverage is a starting point. It does not confirm that every business in these markets is eligible.
Supported currencies
SGD and 11 currencies
Local SGD payments by FAST; international payments by SWIFT.
Payment reach
Not published
Who can apply
Company incorporation countries1 countries · show list
- Singapore
Owner nationality
Not publishedOwner residency
Not publishedCompany types
Singapore private limited companies
Pricing
What does Sleek 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
Sleek Business Account
SGD 0 per month
SGD 0 setup · SGD 0 in year one
Transaction fees
Other fees
Currency exchange (FX)
| Cost | Listed amount | How it is charged |
|---|---|---|
| FX markup | Not published |
Onboarding
From application to live account.
Opening an account typically takes three to five business days.
- 1
Company
Share the ACRA UEN, or incorporate the company with Sleek.
- 2
Documents
Upload passports and proof of address for each director and shareholder.
- 3
Video check
Directors and shareholders complete a short video verification.
- 4
Account live
After due diligence, the account, dashboard and accounting feed go live.
Documents you need
- Passport and proof of address for each director and shareholder
- Business-activity questionnaire
FAQ
Your questions, answered.
Is Sleek a bank?
No. Sleek Tech Pte. Ltd. is a major payment institution licensed by the Monetary Authority of Singapore (PS20200521). Customer money is safeguarded at DBS Bank and is not covered by SDIC.
How much does the Sleek Business Account cost?
It is free: no minimum balance, deposit or monthly fees.
Can non-residents open a Sleek account?
Yes. The application is fully online and available from overseas, with a video identity check.
Which currencies does Sleek support?
SGD and 11 other currencies, with local payments by FAST and international payments by SWIFT.
Alternatives
How Sleek compares.
If Sleek is not the right fit, these providers work with similar businesses. Compare their listed licences and services below.
| Provider | Licensed in | Known for |
|---|---|---|
 SleekThis pagePayment institution |  | Non-residents acceptedCompany formation |
 AspirePayments platform |   | Free planCorporate cards |
 AirwallexE-money institution |   | Global accountsOnline businesses |
 StatrysMoney service operator | | Hong Kong accountFree account |
 MariBankDigital bank | | No feesSGD and USD |
Not sure which one fits? Your profile ranks them for your business, with the reason behind each.