Best Business Bank Account for Startups and Entrepreneurs

1. Maybank FlexiBiz Account

Minimum Initial Deposit $1,000
Annual Account Service Fee $0
Monthly Fall Below Fee $0
Annual Cost = $0 + ($0 x 12) = $0
FAST Funds Transfer Fee = 20 cents per transfer
http://info.maybank2u.com.sg/business/deposits-banking/current/flexibiz.aspx

What is the catch? You need to pay 50 cents for each issued cheque.

2. UOB E-Business Account

Minimum Initial Deposit = $1,000
Annual Account Service Fee = $0
Monthly Fall Below Fee = $15 (if below $5,000)
Annual Cost = $0 + (15 x 12) = $180
FAST Funds Transfer Fee = $5 per transfer
http://www.uob.com.sg/corporate/corporate/deposits/eBusiness_account.html
http://www.uob.com.sg/online_rates/corporate/general_service_fees_part1.html?s_pid=HOME201205_eg_quicklnk_ql4

What is the catch? You need to pay $20 if depositing or withdrawing money over the counter. FAST fee of $5.

3. DBS Entrepreneurs Account

Minimum Initial Deposit = $500
Annual Account Service Fee = $40
Monthly Fall Below Fee = $35 (if below $10,000)
Annual Cost = $40 + ($35 x 12) = $460
FAST Funds Transfer Fee = $5 per transfer
http://www.dbs.com.sg/sme/day-to-day/accounts/entrepreneurs-account-for-start-ups.page
https://www.dbs.com.sg/iwov-resources/forms/cash/payments/Pricing%20Guide%20(all%20product%20details%20pages).pdf

Waiver of Monthly Fall Below Fee for the first 6 months.

What is the catch? Expensive monthly fall below fee kicking in after 6 months. FAST fee of $5.

4. OCBC Business First Account

Minimum Initial Deposit = $3,000
Monthly Account Service Fee = $38
Monthly Fall Below Fee = $35 (if below $5,000)
Annual Cost = ($38 x 12) + ($35 x 12) = $876
FAST Funds Transfer Fee = $5 per transfer
http://www.ocbc.com/assets/pdf/BizBkgPricingGuide.pdf

Waiver of Monthly Account Service Fee and Monthly Fall Below Fee for the first 3 months.

What is the catch? Expensive monthly account service fee and fall below fee. FAST fee of $5.

An Evening with Jack Ma

Jack Ma or Ma Yun (Chinese: 马云; born September 10, 1964) is a Chinese entrepreneur and philanthropist. He is the founder and Executive Chairman of Alibaba Group, a family of highly successful Internet-based businesses.

He is the richest man in China and 18th richest man in the world with an estimated net worth of $29.7 billion, according to Bloomberg Billionaires Index.

Tiësto presents Allure feat Julie Thompson – Somewhere Inside

Who am I, love? What am I supposed to be?
One life alone. Oh, somehow it’s made for me

What do I do? What can I say?
It’s nothing new. The choice was made

But what if I lose my way?
And run right into you
Deep inside we’ll never be anything other than lonely
Tell me what does it take?
To breathe it into you
Weak inside we’ll never be anything other than lonely

One blinking star. Still feels how it used to feel
It’s all so wrong. No easy way to believe

I wanna run. I wanna hide
What I’ve become? Now you’re no longer mine
I wanna feel. Something that’s real
Somewhere inside

Quote of the Week

Who can say what’s best?

That’s why you need to grab whatever chance you have of happiness where you find it, and not worry about other people too much.

My experience tells me that we get no more than two or three such chances in a life time, and if we let them go, we regret it for the rest of our lives.

~ Haruki Murakami