Simplify Your Business Finances With Grof

The one-stop-shop for managing payments, transfers, and accounting.
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Hassle-Free Management Of Your Business Finances.
Free Onboarding With No Monthly Fees
No visits to our premises required! Simply send us your company details for registration.
Securely Transfer Funds Across Borders And Currencies
Make local and overseas transfers to more than 190 destinations at competitive rates. Save up to 70% on FX transfer charges when making and collecting payment from clients worldwide.
Get Organised And Digitalise Your Expenses
Easily track and digitalise all your expenses in one place. No more manual data entry, Grof does it all for you.

Frequently Asked Questions

Uncover the answers to your most pressing inquiries right here.

Is Grof business account considered a bank account?


No, Grof is not a bank. However, we collaborate with a Monetary Authority of Singapore (MAS)-regulated provider to design a one-app platform that enables you, as a business owner, to access a digital business account, make payments, and invoice customers all in one place.

Are my funds safe with Grof?


Most definitely. Your funds will be held in MAS-regulated banks in Singapore, and neither Grof nor our payment service provider will have access to your funds.

Is Grof business account a multi-currency account?


As of now, Grof's business account supports the dominant SGD, USD and EUR currencies, widely used by businesses. If you would like us to consider adding other currencies, feel free to let us know!

Can I use Grof business account as my primary account?


Absolutely! Grof's business account essentially functions as your business account, enabling you to receive money from your customers and investors. It also facilitates payment of salaries to your staff, rental payments to your landlord, and other business-related transactions.

How can I apply for an account?


You may sign up for an account at our Grof Sign Up Page. Subsequently, you will need to complete a short application form. All applications are subject to approval.

How long does opening account takes?


The typical account opening process could just be as fast as 2 working days, subject to approval.

In contrast to traditional banks, which will typically take approximately 4-8 weeks.

What are the documents needed to open an account?


Basic organisation details

  1. Business name
  2. Unique Entity Number (UEN)

Organisation detailed information

  1. Annual turnover
  2. Number of Full-Time Equivalent (FTE)
  3. Business activities
  4. Countries with business activities
  5. Registered address

Other business documents

  1. Bizfile
  2. NRIC for Singaporean locals; Passport and Power of Attorney (POA) for foreigners
  3. Selfie with your ID

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