Multi currency account in Singapore for businesses
The secret of any successful business is simplifying expense processes – why should it be any different for your business bank account? Eliminate the need for multiple bank accounts with a single multi currency account Singapore truly needs.
Volopay’s multi currency business account streamlines deposits, payments, and expense tracking, with no minimums, low fees, and no upper limits.
Trusted by finance teams at startups to enterprises.
Global multi currency account
Managing our solo multi currency account is easier, faster, and significantly less costly than setting up a traditional business bank account.
Unlock unrivaled efficiency with Volopay’s global multi currency account Singapore entities require for effortless international transactions. Hold money in different currencies and avoid paying sky-high exchange rate fees. Move money across borders seamlessly and cost-effectively.
Locally transfer money with ease
Transfer money domestically as vendor payouts and salary compensation to employees, all within a few seconds.
Make unlimited local payments with our multi currency account which facilitates secure business payments that can you can track, manage, and control – all from a live dashboard with real-time updates.
International money transfers
Make cross-border B2B payments and remittances faster and at super low FX charges. Volopay’s business account Singapore offers automated invoice payments to transfer money internationally across 180+ countries swiftly and transparently.
We reconcile your diverse international payment methods on one unified platform to save on high exchange charges on all FX transactions.
Business line of credit worth $500K
Get exclusive access to a super fast and flexible business line of credit up to $500K. Get your credit line approved instantly with no personal guarantees and minimal documentation.
Worried about fixed billing cycles? Customize repayment cycles catered around your business needs. Scale your business and expand your credit limit. Use multi currency business account and utilize credit for global payments.
Corporate cards for all
Empower your teams with modern corporate cards for hassle-free international payments. Choose the best multi currency account Singapore needs that comes equipped with departmental budgets, multi-level approvals, and submission policies configured into the software for easier compliance.
Manage subscriptions with unlimited virtual cards, and issue physical cards for making payments on the go.
Streamline your AP process
Never miss out on a single receipt with Volopay’s streamlined multi currency account payable process. Consolidate and categorize all your invoices onto a unified platform. Surface early payment discounts to save up on vendor costs.
Set up automatic one-time or recurring payments and efficiently manage a veritable network of vendors – all from a single business account.
Financial stack for business
No more switching between multiple bank accounts and tools to run your smart business. We have combined great software with every service you are using a bank for, to produce a state-of-the-art financial platform.
Empower your employees with physical and virtual cards
Manage and track every dollar that leaves your company
Open a global account with multi-currency payments.
Manage vendors, approve invoices and automate payments.
Save hours daily, and close your books faster every month.
Integrate with the all the tools and software that you use daily.
Want to switch to Volopay from your traditional business bank account?
Volopay vs traditional business bank account
Features Volopay Business Bank Account |
|---|
Every transaction linked to an employee |
Pre payment approvals |
Unlimited virtual cards |
Real-time spend tracking |
Mobile App to manage cards |
Accounting Automation |
Automated expense reports |
Vendor management |
Flexible credit lines |
Learn more about our business account
Volopay is an all-in-one financial control center for modern businesses, integrating a smart business account, multi-level approvals, corporate cards, expense management, reimbursements, and accounting automation.
Domestic money transfers
You do not need two different bank accounts to pay vendors and manage salaries. Volopay lets you transfer money for vendor payouts, salary compensation, and reimbursement from a single dashboard. We facilitate domestic payments at no extra cost or hidden charges.
International money transfers
Make money transfers around the world – settle invoices and payroll using our multi currency business account. Unify payment platforms and manage expenses at the lowest FX charges imaginable.
Global business account
Become a global entrepreneur with Volopay’s robust multi currency account. Hold money in major global currencies and save up on exorbitant FX fees traditional banks usually charge. Replace multiple bank account setups with a unified platform for all your multi currency expenditures.
Accounting automation
Close your books 10x times faster than any other company with Volopay’s streamlined accounting automation. Swiftly integrate with leading accounting software and update your books in real-time. Every single card swipe and approved expense gets automatically recorded, making manual data entry obsolete.
Business credit
Facilitate seamless business operations with our super flexible business line of credit. Get credit up to $500K at no personal guarantees, customized billing cycles, and minimal documentation. Efficiently manage your credit limit with an in-depth analysis of your credit utilization.
Accounts payable
Submit, process, and track bill payments, vendor invoices, and receipts all through our unified platform. Collate necessary documentation for faster reconciliation and a smooth auditing process. Promote transparency in your accounts payable workflow with Volopay.
FAQs on business account
Book a demo with Volopay to open your business account. Our team will demonstrate how our cutting-edge products and features may be effortlessly integrated into your current business processes in real time. For KYB purposes, you will need to provide paperwork such as an ACRA document, an ID, and the POA of your company's assigned POC. We'll create an admin account for the POC designated by your firm once your account has been authenticated. Your account is now operational.
Read Guide to opening business bank account in Singapore to know more.
With Volopay, your money is always safe. DBS, Singapore, holds your funds in a trust account. Volopay never uses customer cash for its own operations, and they are always kept separate to ensure that your money is always safe and accessible when you need it. Even employee information is kept safe because all data is encrypted.
Unlike a standard business account, Volopay allows you to:
1. Maintain various currencies in your account.
2. You can load money to unlimited virtual cards.
3. Sync data to your accounting tools automatically.
4. Instead of an end-of-month statement, get transactional information in real time.
5. Save money by paying a cost that is far lower than that of a business bank account.
6. Avoid having to keep a minimum balance or paying high transaction fees.
7. Make domestic transfers in a flash.
8. Transfer money internationally faster than using wire transfers and at low remittance and FX rates.
9. Apply for a flexible credit line with no collateral.
Yes, you certainly can! Because the SWIFT network involves funds flowing from bank to bank, each bank charges for holding the money, wire transfers can be costly. With a Volopay account, the process is expedited and the fees are significantly reduced. Furthermore, unlike higher conversion rates offered by banks, our FX rates are competitive.
There are numerous question business owners have to answer while and before opening a business bank account like which bank account is best for business? what are the requirements to qualify as business account? how much would it cost? etc. However, before all this you must know that to qualify for opening a business bank account you must have all the needed legal documents and other formalities in place and at immediate accessibility.
To open a business bank account in Singapore, you must have a company. This means your business must have director(s) and authorized signatories, who essentially need to be present to sign the paperwork of the account opening. There might be some rare exceptions as well.
It usually takes up to 4 weeks to open a business account. The process begins as soon as your application form and the required documents are received and to avoid any delays make sure that the directs and the authorized signatories are physically present for signatures.
Explore more about business accounts
Multi currency bank account in Singapore helps you store money in local currencies and save huge on forex charges with lots of other benefits.
Opening a business bank account is not as difficult as it appears. Know how to get a business bank account in Singapore easily.
The Singapore company incorporation process happens through ACRA’s online platform. Read to know step-by-step process.
Latest news and updates
Read up on snippets of the latest news and reports on business accounts in Singapore
Although accepting card payments offers convenience to both business and customers, it also poses a risk of credit card fraud. According to a Forbes Advisor survey, 33% of small business owners view credit card fraud as a significant concern. Considering this, one must weigh the risk against the benefit of accepting card payments.
1. The rogue price volatility makes cryptocurrency for business a dicey decision, 2. There is a constant imminent risk of getting your digital wallets hacked, 3. Regulatory uncertainty.
1. Unified global account, 2. Integration with accounting software, 3. Helps save money on forex, 4. Enhanced security, 5. Multi-user access, 6. Easy account opening, 7. Expense tracking, 8. Low to zero costs.
Key things to keep in mind are 1. International money transfer regulations, 2. Reliability of the transaction, 3. Plan the transaction ahead of time, 4. Rates offered and expenses, 5. Convenience, 6. Customer Service.
Bring Volopay to your business
Open an account now