ANEXT Bank

Pricing

• •Money arriving in GBP, HKD, JPY, KRW, MYR or THB is converted to USD when it is credited: only SGD, USD, CNH and EUR stay in the currency they came in.
• •Interest on balances is not one rate: it is a daily board rate that changes with the currency and with the size of the balance. In SGD it steps 0.20%, 0.40% and 0.60% a year as the balance passes 10,000 and 50,000, then drops to 0.05% above 15,000,000; in USD the same bands pay 0.30%, 0.60% and 0.80%, again 0.05% at the top. EUR is a flat 0.25% at any balance and CNH pays 0.00%.
• •The advertised up to 0.8% a year is the ceiling of that schedule, reached only in USD and only between 50,000 and 15,000,000. A separate promotion advertises up to 1.36% a year on fresh funds, running from 4 June to 31 August 2026.
• •CreditNow, the revolving line, is open only to companies with at least 6 months of activity with the bank, one line per company at a time, and carries a facility fee of up to 2% of the amount or SGD 200, whichever is higher.
• •Fixed deposits are a separate product from the account: the minimum is EUR 5,000, SGD 250,000 or USD 5,000 depending on the currency, terms run 1, 3, 6, 9 or 12 months and a single placement is capped at 10,000,000. The account itself has no minimum opening deposit and no minimum balance.
• •Outgoing transfers are free on PayNow, FAST and GIRO, while MEPS is the exception at a flat S$10 per transaction, cut to a flat S$5 per transaction between 25 May 2026 and 31 May 2027.

Limits

• •One company can open and keep a single ANEXT Business Account, not several.
• •A single daily ceiling of SGD 1 million, counted in SGD equivalent, covers local and overseas transfers together, across every payment channel.
• •The channel sets the speed for local payments: PayNow and FAST move up to SGD 200,000 in real time, MEPS handles anything above that on the same day (approvals given after 4:30pm go out the next working day), and GIRO takes any amount but needs 2 to 3 working days.
• •Batch payments are capped at 100 transfers per batch and work only for local SGD transfers.
• •No per transaction cap is declared for SGD itself: the thresholds belong to the channels (PayNow and FAST up to SGD 200,000, MEPS above that, GIRO any amount) and the account carries a daily ceiling of 1 million in SGD equivalent.
• •Batch payments run up to 100 transactions and are available in SGD only.

Payments & transfers

• •The ANEXT Flash corridors (USD to Hong Kong, the United States and MYBANK; EUR to Hong Kong and the EEA; CNH to MYBANK in China) are the reach of the fast service, not a closed list of where you can pay: for a currency or a country outside them, SWIFT stays available.
• •Payments involving a sanctioned place are blocked in both directions, incoming as well as outgoing, under an undertaking not to transact any business that directly or indirectly involves or benefits a person or entity located there.
• •A currency the account does not support on the way in can be rejected or delayed by the receiving or intermediary bank.
• •API access is an embedded finance programme for partner companies, arranged through a commercial contact form, not a self-serve integration the account holder can switch on from inside the account.
• •SGD is the only currency with Singapore domestic rails: PayNow, FAST, MEPS and GIRO, incoming as well as outgoing.

Crypto

• •Nothing in the published terms and FAQs mentions cryptocurrency, virtual assets, digital payment tokens or blockchain in any form, and no crypto product is offered: the account holds and converts fiat currencies only. Whether payments to or from an exchange would go through is not stated either way.

Business activity

• •There is no published list of prohibited activities: the only limits on how the account is used are a general requirement that the activity be lawful, plus decisions taken at the bank's discretion on money laundering, sanctions and its own internal policies.

Opening an account

• •Beyond being registered in Singapore, the company needs an active Corppass, and whoever files the application needs a Singpass and the authorisation to pull the company data through Corppass: "the application cannot be initiated with a Singpass foreign user account."
• •A Singpass belongs to a citizen, a permanent resident or the holder of a long term pass, so the person who files is someone based in Singapore. The requirement falls on the filer, not on the owners: every Singaporean company has a resident director by law, and a company owned entirely from abroad applies through them.
• •Everyone else involved is verified with no geographic requirement: people who are not citizens or permanent residents provide a valid passport and a statement from the last 3 months showing their residential address, and the face check applies regardless of nationality.
• •The account gives access to ANEXT loans, but those loans are a separate product with gates the account itself does not have: at least one personal guarantor has to be a Singapore citizen or permanent resident, while other guarantors can be foreign nationals. A company owned entirely from abroad can still open the account; only the credit needs that local guarantor.

Countries & residency

• •Crimea and the Donetsk and Luhansk People's Republics, regions of Ukraine, fall under that same transaction ban even though they are not countries.
• •No list of countries that trigger extra scrutiny is published.
• •The sanctions list in the terms is a ban on transactions, not a rule about where owners or directors may be based: being connected to one of those places does not by itself close the door on the account.

Licence & regulation

• •ANEXT is licensed by the Monetary Authority of Singapore as a digital wholesale bank, the category created in the 2020 licence round. The wholesale regime excludes retail deposits, which is the structural reason no personal account exists.