Singapore - Banking overview
Singapore has a well established banking system with three major local banks offering a full service of consumer banking including ATMs, telephone banking and internet banking. Since 1999, the Singapore government has allowed six major international banks to enter the local banking market. They can provide the same services as local banks, but until recently have only been allowed to have a few branches and 15 ATMs.
All foreign issued credit cards can be used in Singapore.
Singapore Stock Market
The Singapore Exchange deals mainly with investments in Singapore companies.
There are no restriction on foreigners trading in shares on the Singapore market. There are various systems for moving funds electronically from designated bank accounts to stock-broking companies and for dividends to be directly credited to bank accounts.