It is obvious that your company is likely to be unable to make any transactions without a bank account. So, it is important to open a corporate bank account once your company is set up in Singapore.

If your personal transactions and your business transactions get tangled up in one personal account, chances are you may run into the risk of being exposed to identity fraud or fraudulent schemes. A separate business bank account would help you mitigate all sorts of liability risks.

Learn more here:https://bbcincorp.sg/business-guide/guide-to-opening-a-corporate-bank-account-in-singapore