Corporate banking

Deposit:

1. Corporate Current Account

Descriptions:

With you at the centre of our business, we're always looking for ways to make it easier for you to run your business. Opening a Current Account is your first step towards starting a relationship with DBS and accessing all the solutions we offer.

Product Benefits:

- Access all corporate accounts easily

- Apply for overdraft facilities at competitive rates

- Improve working capital and liquidity requirements

2. Corporate Time Deposit

Descriptions:

Make your money work harder with our fixed deposit rates. We offer Fixed Deposits not only in Singapore Dollars, but also foreign currencies such as: Australian Dollar, Canadian Dollar, Euro, Hong Kong Dollar, Japanese Yen, New Zealand Dollar, Pounds Sterling, Swiss Franc and US Dollar.

Product Benefits:

- Enjoy competitive interest rates

- Open an account with as little as SGD5,000 (or SGD5,000 equivalent in foreign currency)

- Wide choice of tenors from 1-month to 36-months

Eligibility and Requirement:

- $5,000 minimum initial deposit

3. Corporate Loans

- Overdraft Facilities

It is an unsecured/secured revolving line of credit which be used for business operation, standby credit for contingencies and investment.

Eligibility:

Any company that is register in Singapore can apply for the Earnest Bank credit facilities.

Fess, Rate & Charges:

We provide one of the most competitive rates in the world. Call us at 6553 1621 to find out more.

Application Procedure:

To apply for an overdraft facility, simply picked up a form at our branches or call our hotline at 6553 1621 to find out more. Our friendly staff will be more than willing to serve you.

What are the frequently asked questions?

What are the documents required?

Photocopy of NRIC, back and front (Guarantor and all owner of business)

Income tax notice of assessment for the past 2 years (Sole-proprietor, key-partner or director)

Bank statement for the last 2 months. (If operating account is not maintain with us)

Financial Statement for the past 2 years. (For business that is less than 2 years in operation, please submit company business plan)

 

- Assets Financing

For the ease of purchasing or refinancing your new assets, Earnest bank offer you a wide range of subsidies to give you more options and a competitive edge.

Benefit:

1. Attractive interest rate to save on financing cost.

2. Maximizing your cash flow to take advantage of other business opportunities.

3. Financing assistance to secure your choice of assets.

Eligibility

Any company that is register in Singapore can apply for the Assets Financing.
Fees, Rate & Charges:

We provide one of the most competitive rates in the world. Call us at 6553 1621 to find out more.

Application Procedure:

To apply for the Assets Financing Scheme, simply picked up a form at our branches or call our hotline at 6553 1621 to find out more. Our friendly staff will be more than willing to serve you.

What are the frequently asked questions?

What are the documents required?

NRIC of the company owner’s (Front and back)

Last 2 years of Income Tax Assessment. (For company that is less than 2 years in operation, please provide a guarantor with a minimum income of $50,000 per annum)

- Revolving Credit Facility

This unsecured term loan facility is used for day to day business operation and working capital requirement.

Eligibility

Any company that is register in Singapore can apply for the revolving credit facility.

Fees, Rate & Charges:

We provide one of the most competitive rates in the world. Call us at 6553 1621 to find out more.

Application Procedure:

To apply for the Revolving Credit Facility, simply picked up a form at our branches or call our hotline at 6553 1621 to find out more. Our friendly staff will be more than willing to serve you.

What are the frequently asked questions?

What are the documents required?

NRIC of the company owner’s (Front and back)

Last 2 years of Income Tax Assessment. (For company that is less than 2 years in operation, please provide a guarantor with a minimum income of $50,000 per annum)

For private limited company, please submit Original Copy of Updated Memorandum and Article of Association by anyone of the director

4. Trade Financing

- Export Bill Processing

Earnest Bank offers a wide range of export bill processing for our customer. These documents include Trade Bill Discounting, Export Documentary Collection and many more.

Trade Bill Discounting

Trade Bills Discounting is a Singapore Dollar facility granted by Earnest Bank to selected customers with good financial standing and integrity to finance their import and export trade transactions. The financing period is usually 30 to 90 days and the trade bill is usually rediscounted on the same day with other banks or individuals to protect the bank's total exposure of the spread quoted to the customer.

Eligibility

-Financing of import or export

-Must be relate to import of export from Singapore

-Original document must be present to bank for sighting of the import/export procedure.

-Period of financing should not exceed the tenor of the bills.

Fess, Rate & Charges:

We provide one of the most competitive rates in the world. Call us at 6553 1621 to find out more.

Application Procedure:

To apply for the Revolving Credit Facility, simply picked up a form at our branches or call our hotline at 6553 1621 to find out more. Our friendly staff will be more than willing to serve you.

- Export Documentary Collection

Documentary bill are sent by our export customers, drawn on oversea banks, which are sent to the agent bank (the presenting bank) for payment. These may be drawn at sight or usance. It is not drawn under letter of credit. The bank will act on the instruction given by the customer at the point of presentation. It will pay the customer the proceed of the bills. To own this facility, the customer must have a export collection purchase in line with the bank

Fess, Rate & Charges:

We provide one of the most competitive rates in the world. Call us at 6553 1621 to find out more.

Application Procedure:

To apply for the Export Documentary Collection, simply picked up a form at our branches or call our hotline at 6553 1621 to find out more. Our friendly staff will be more than willing to serve you.

5. Treasury & Foreign exchange

- Structured deposit

Now, enjoy greater return on investment for your company structured deposit compare to the traditional fixed deposit. At Earnest Bank, with return of principal (subject to term and condition), a variety of tenors and no front fee and annual management fee, Earnest Bank structured deposit are suitable for any company who had a low to medium risk appetite.

What is a structured deposit?

A structured deposit is essentially a combination of an deposit and an investment product where the return is depend on some performance of the underlying financial instrument like market indices, equities, interest rate or a combination of this items.

For more information, please call our corporate banking hotline at 6553 1620 and our relationship officer will attend to you.

Why invest in structured deposit?

1. Low to medium risk appetite

2. Return of principal (subject to condition)

3. Potentially higher return compare to traditional fixed deposits.

4. No front and annual management fee

5. Different type of deposit to cater to the needs of the various customer

Who should invest in structured deposit?

Investor who wish to have a medium to long investment time period and looking for higher return on the deposit

Application Procedure:

To apply for the structured deposit, simply picked up a form at our branches or call our hotline at 6553 1621 to find out more. Our friendly staff will be more than willing to serve you.

- Currency Linked Investment

By taking up the currency linked investment with Earnest Bank, it give you the potential to enhance your yield, based on your outlook of the movements between two major currencies of your choice.

Who is suitable to invest in the Currency Linked Investment?

The Currency Linked Investment may be suitable for you if you are indifferent to holding two or more currency or if you foresee the exchange rate between two currencies you have to be stable and would like to earn a higher interest rate.

For more information, please call our corporate banking hotline at 6553 1620 and our relationship officer will attend to you.

Rates and requirement

Only a minimum sum of SGD $30,000 is required for the currency linked investment.

Application Procedure:

To apply for the structured deposit, simply call our hotline at 6553 1621 to find out more. Our friendly staff will be more than willing to serve you.

- Foreign Exchange Trading

The foreign exchange market is among the largest trading market in the world. With almost continuous trading throughout the working week, investor can trade at almost every instance.

At a glance, foreign exchange allows you to:

x Leveraged Trading

x Competitive interest rate on deposit

x Round the clock monitoring

For more information, please call our corporate banking hotline at 6553 1620 and our relationship officer will attend to you.

Rates and requirement

x A minimum initial deposit of SGD $30,000 is required.

x To find out more on the rate, please call our corporate banking hotline at 6553 1620.

Application Procedure:

To apply for the structured deposit, simply call our hotline at 6553 1621 to find out more. Our friendly staff will be more than willing to serve you.