Fixed Deposit Account

No Account Service Fee

S$2,000 Initial Deposit

Hong Leong Finance business current account powers up your operations, giving you greater control of day-to-day cash flow.

Our SME current account streamlines financial tasks, letting you keep just S$2,000 as a minimum balance, so funds stay free for growth, not locked away. Whether you’re a start-up or a listed firm, this company current account adapts to your unique needs and scales as you do.

Open your business bank account with us today and manage cash with ease and confidence.

IMPORTANT UPDATE

Cheque services for Business Current Accounts will be discontinued on 31 December 2025.

The last day to request cheque books is 15 September 2025.

From 1 January 2026, all payments must be made using the Payment Instruction Form, submitted at any of our 28 branches.

Kindly complete any BCA cheque-related transactions before these dates to avoid disruptions.

Thank you for your understanding.

Frequently Asked Questions

In its November 2021 paper, MAS outlined plans to support Singapore’s move to digital payments. Phasing out corporate cheques will help businesses switch to faster and cheaper e-payment methods. As cheque use falls, processing costs have gone up, making cheques costly and inefficient for banks to maintain.

The last date to request additional cheque books was 15 September 2025.

HLF stopped issuing new cheque books to corporates with effect from 01 October 2025.

The processing of HLF BCA inward cheques will cease on 31 December 2025. BCA cheque payees should present their cheques well before 29 December 2025 to ensure that processing is completed by the deadline of 31 December 2025.

HLF will not be able to process any BCA cheques deposited after 31 December 2025. BCA cheque payee must deposit all corporate cheques by 29 December 2025.

Should the BCA cheque payee miss the deadline to deposit their cheques or have their cheques rejected, they will need to make alternative payment arrangements with HLF BCA customer.

Yes, the last day to deposit corporate cheques issued by your customer for payment will be on 29 December 2026.

BCA customers may submit the Payment Instruction Form with wet-ink signature, in person, at any of our 28 branches for FAST or MEPS+ transfers. All fees will be absorbed by HLF.

A Payment Instruction Form is a document where you authorize the bank to execute a specific payment or transfer on your behalf. It contains details like the amount, beneficiary details, payment method, and execution date.

Yes. To ensure timely processing, please submit the original duly signed Payment Instruction Form to HLF branches by 2:00 PM, Monday to Friday only, for same-day processing.

For Payment Instruction Form received after 2:00 PM, the transfer will be made on the next business day (excluding Saturday).

Please note that payment instructions will not be processed on Saturdays, Sundays, or public holidays.

Yes, contact us immediately if you need to amend the payment instruction.

Changes can only be made before the payment is processed and re-submit the amended instruction.