Category: Startup

Do not go gentle into that good night

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Do not go gentle into that good night,
Old age should burn and rave at close of day;
Rage, rage against the dying of the light.

Though wise men at their end know dark is right,
Because their words had forked no lightning they
Do not go gentle into that good night.

Good men, the last wave by, crying how bright
Their frail deeds might have danced in a green bay,
Rage, rage against the dying of the light.

Wild men who caught and sang the sun in flight,
And learn, too late, they grieved it on its way,
Do not go gentle into that good night.

Grave men, near death, who see with blinding sight
Blind eyes could blaze like meteors and be gay,
Rage, rage against the dying of the light.

~ Dylan Thomas (1914 – 1953}

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.