Frequently Asked Questions About the
Validus Business Account in Singapore
A business account serves as a dedicated account for managing financial transactions and expenses related to a business. It provides a separate entity to track income, manage expenses, and streamline financial operations. The Validus Business Account is a virtual account specifically designed for SMEs and startups, offering a range of benefits. With this account, businesses can enjoy free local money transfers, issue unlimited Corporate Cards at no charges, and leverage an expense management solution that simplifies expense tracking and management. It provides businesses the resources they need to effectively manage their finances and drive growth. Whether it’s for receiving payments, making transactions, or optimising expense management, the Validus Business Account offers the convenience and features that businesses require.
When choosing the best business account for small businesses in Singapore, factors like accessibility, benefits, features, transaction rules, charges, and the account opening process are important. The Validus Business Account checks all the boxes, offering convenience, flexibility, and cost-effectiveness. With its no-fee structure, unlimited 1% cashback, free local transfers, and user-friendly interface, Validus provides a compelling choice for SMEs and startups. It ensures control, visibility, and growth opportunities for businesses — open a Business Account online today!
Validus is not a bank. Validus is a SME growth financing platform fintech, and is licensed by the Monetary Authority of Singapore with a full Capital Markets Services license. As a digital-first financial institution, Validus leverages technology and AI to offer convenient and user-friendly financial services for businesses. Validus offers innovative financial solutions tailored to the needs of businesses, including fast working capital loans in one day with as little as two documents. We provide a range of services, including cashback cards designed specifically for businesses, efficient expense management tools, and secure money transfer capabilities. With Validus, you can enjoy the benefits of modern digital financial services, empowering your business with efficient financial management solutions in the digital era.
To open a Validus Business Account, any business incorporated in Singapore and complying with Validus’ Acceptable Use Policy are eligible. With your company’s UEN number, contact details of your controlling shareholders and key representatives, and Singpass or CorpPass login details, you will be able to easily open a Validus Business Account online. By using Singpass or CorpPass to access your corporate entity’s data via Myinfo business service, you can save effort on filling out forms and reduce the amount of supporting documentation that you will need to manually provide for verifications.
Opening a Validus Business Account is a quick and streamlined process. Upon successful completion of the application, you will receive notification of your account’s approval. The entire process typically takes no more than 5 minutes, allowing you to start managing your business finances swiftly and efficiently.