AIAIG观点
2025年12月26日
Green Link Digital Bank (GLDB) Account Opening Pack: Fees, Questionnaire, and FATCA/CRS Self-Certification Guide
Disclaimer: The content of this article is for informational reference only and does not constitute investment advice, a solicitation, or a basis for major decision-making. Please make independent judgments and consult professional advisors when needed.
Based on the provided GLDB onboarding documents, this article organizes a practical submission-ready checklist covering: account opening thresholds and fees, transfer charges, key KYC questionnaire fields, and how to complete FATCA/CRS self-certification forms for entities and controlling persons to improve approval efficiency.
GLDB Account Opening Pack Overview
This guide breaks your provided documents into four actionable modules: (1) bank & onboarding threshold, (2) fees & transfer costs, (3) how to complete the KYC questionnaire, and (4) how to complete FATCA/CRS self-certifications for entities and controlling persons.
1. What is GLDB? Suitable for which account opening scenarios
According to the information provided, Green Link Digital Bank (GLDB) is one of the licensed digital banks in Singapore, with a focus more on providing banking and financial services to small and medium-sized enterprises (SMEs), and offering supply chain financing services and related financial products to technology innovation companies. Its core advantages include:
- Ability to open dual-currency accounts: SGD + USD
- Emphasis on security and licensing attributes
- Remote online account opening: No need to travel to Singapore for in-person verification
Official website information entry (provided in the materials): https://www.glbank.com/ [oai_citation:6‡Green Link Digital Bank---Mingliang Consulting(3)(1).pdf](sediment://file_0000000091cc71f6bb320b3d40ad013b)
II. Account Opening Threshold, Fees, and Required Documents List (Subject to Documentation)
### 1) Account Opening Threshold and Service Fee
- Initial deposit: **SGD 50,000** [oai_citation:8‡Greenlink Digital Bank---Mingliang Consulting (3)(1).pdf](sediment://file_0000000091cc71f6bb320b3d40ad013b)
- Account opening fee (deducted from the account after opening):
- Individual holding: **Starting from SGD 1,500** [oai_citation:9‡Greenlink Digital Bank---Mingliang Consulting (3)(1).pdf](sediment://file_0000000091cc71f6bb320b3d40ad013b)
- Company holding: **Starting from SGD 1,500**; if the structure is more complex, an additional **SGD 500–1,000 per layer** (assessed by the bank after submission) [oai_citation:10‡Greenlink Digital Bank---Mingliang Consulting (3)(1).pdf](sediment://file_0000000091cc71f6bb320b3d40ad013b)
### 2) Required Documents for Account Opening (Submission Package)
- Complete set of company registration documents
- GLDB account opening questionnaire (Questionnaire)
- Passports, ID cards, and proof of address for directors/shareholders/beneficial owners
- Email and mobile number of authorized bank signatories
- FATCA/CRS form for Entities
- FATCA/CRS form for Controlling Persons (to be filled by 1 controlling person of the Singapore company)
> Note: After initial submission of documents, the bank may request additional materials via email. [oai_citation:11‡Greenlink Digital Bank---Mingliang Consulting (3)(1).pdf](sediment://file_0000000091cc71f6bb320b3d40ad013b)
3. GLDB Fees and Transfer Costs: Estimating Monthly Expenses Using the "Transaction Model"
1) Official Fees Table (effective 29 Jan 2024)
Includes: early closure fee (SGD 50 within 6 months), audit confirmation fee (SGD 50), MEPS+ transfer (SGD 20), overseas outgoing SGD transfer (SGD 50), and foreign currency transfer (USD 50 or equivalent), while monthly account and service fees are waived.
### 2) An easily overlooked point: Correspondent bank/overseas bank fees
In addition to GLDB's own fees, cross-border transfers may incur additional fees from "correspondent banks and overseas banks"; the official fee schedule clearly indicates that these fees **are not included in the GLDB list**, and there are three sharing methods: SHA/OUR/BEN. [oai_citation:14‡GLDB-Fees-and-Charges.pdf](sediment://file_00000000a08871f685338bd64e497cb7)
Question
How to estimate GLDB's monthly transfer costs using 'monthly transaction count + transaction currency'?
AIAIGAnswer
You can start with a minimal model (excluding correspondent bank fees) for budgeting:
- Local transfer cost ≈ MEPS+ count × SGD 20
- Cross-border SGD cost ≈ Cross-border SGD count × SGD 50
- Cross-border foreign currency cost ≈ Foreign currency cross-border count × USD 50 (or equivalent)
Then add a 'correspondent bank fee buffer':
- If you frequently use cross-border wire transfers, it's recommended to allocate an additional buffer per transaction (depending on the receiving bank and route), as the official documentation states that correspondent/overseas bank fees are not included in the GLDB fee schedule and may be shared under SHA/OUR/BEN. [oaicitation:15‡GLDB-Fees-and-Charges.pdf](sediment://file00000000a08871f685338bd64e497cb7)
- Local transfer cost ≈ MEPS+ count × SGD 20
- Cross-border SGD cost ≈ Cross-border SGD count × SGD 50
- Cross-border foreign currency cost ≈ Foreign currency cross-border count × USD 50 (or equivalent)
Then add a 'correspondent bank fee buffer':
- If you frequently use cross-border wire transfers, it's recommended to allocate an additional buffer per transaction (depending on the receiving bank and route), as the official documentation states that correspondent/overseas bank fees are not included in the GLDB fee schedule and may be shared under SHA/OUR/BEN. [oaicitation:15‡GLDB-Fees-and-Charges.pdf](sediment://file00000000a08871f685338bd64e497cb7)
IV. How to Fill Out the Account Opening Questionnaire: Which Fields Most Affect "Due Diligence Approval"
The core purpose of this questionnaire is not just 'to fill it out,' but to allow the bank to quickly build a profile of your company: who the company is, what it does, where the money comes from, where the money goes, and how transactions are typically conducted each month.
### 1) Company Information and Account Type
- Registered Country: The template provided is Singapore
- Account Type: USD single currency / SGD single currency / SGD+USD dual currency (choose based on actual business payment and receipt needs) [oai_citation:17‡GLDB Green Union Bank Account Opening Form(4).docx](sediment://file_0000000003d471f6a7e123fcf055b3c9)
### 2) Source of Funds
Options given in the questionnaire include: business operations, bank loans, related-party loans, asset sales, other. You should select the 'most provable' option and prepare corresponding evidence chains (contracts, invoices, transaction records, audit/tax filing materials, etc.) in the supplementary materials. [oai_citation:18‡GLDB Green Union Bank Account Opening Form(4).docx](sediment://file_0000000003d471f6a7e123fcf055b3c9)
### 3) Estimated Monthly Transaction Amount and Number of Transactions
The questionnaire provides amount ranges (less than 10,000 / 10,000–100,000 / 100,000–500,000 / 500,000–1,000,000 / over 1,000,000) and number of transactions (1–20 / 21–50 / >50). Note: The numbers filled in here will affect your subsequent documentation requirements and risk control expectations. [oai_citation:19‡GLDB Green Union Bank Account Opening Form(4).docx](sediment://file_0000000003d471f6a7e123fcf055b3c9)
### 4) Key Personnel Information
The questionnaire collects information for account contacts, directors, UBO (>25%), and shareholders (passport number, mobile number, email). It specifically requires: fill the name field with 'uppercase pinyin.' [oai_citation:20‡GLDB Green Union Bank Account Opening Form(4).docx](sediment://file_0000000003d471f6a7e123fcf055b3c9)
### 5) Compliance Declaration (High-Risk Regions/PEP/Constitution)
The questionnaire includes three types of declarations:
- Whether there are business dealings/activities with North Korea, Iran, Syria, Crimea, Cuba, Russia, Venezuela, etc.
- Whether it is controlled by or established for the benefit of Politically Exposed Persons (PEPs) or their relatives/close associates
- Whether the ACRA model constitution is adopted
These questions typically trigger stricter due diligence or supplementary documentation, so it is recommended that you prepare explanations and supporting materials (such as customer/supplier distribution, business contracts, equity and control explanations, etc.) in advance before submission. [oai_citation:21‡GLDB Green Union Bank Account Opening Form(4).docx](sediment://file_0000000003d471f6a7e123fcf055b3c9)
Five, Bank Common Supplementary Questions Checklist: Prepare Answers and Evidence Chain in Advance
The supplementary question template you provided basically covers the "7 major blocks" of information for bank KYC/AML:
1) business activity (main business)
2) top 5 suppliers and top 5 customers (top five suppliers and top five customers)
3) from which countries (which countries do suppliers/customers come from)
4) transaction volume and number of transactions per month (monthly transaction volume and number of transactions)
5) source of wealth (shareholder wealth source: how the startup capital was accumulated)
6) where will the initial source of funds be from? (initial source of funds)
7) resume of directors/shareholders (director/shareholder resume) [oai_citation:23‡Questions to be answered.doc](sediment://file_00000000842471f6881563b0d44edf23)
Recommended practice: Pair "answers + supporting documents" into a compressed package (e.g., business introduction PPT/website screenshots, contract samples, invoice samples, transaction records, audit/tax summary, organizational chart, shareholder resumes, etc.), so that when the bank asks, you can reply with a single package at once.
Six, FATCA/CRS (Entity) Self-Certification Form: Choosing the Right "Entity Type" is Key
The entity self-certification form collects tax residency and TIN, and requires you to select exactly one entity type (Active vs Passive). If you select Passive (H), you must declare controlling persons and submit individual self-certifications for all controlling persons.
Question
What is the difference between Active NFE/NFFE and Passive NFE/NFFE? Why does it affect whether you need to submit the 'Controlling Person' form?
AIAIGAnswer
In the GLDB entity self-certification form:
- Active Entity (Active): Typically refers to entities where the proportion of 'passive income (interest, dividends, rents, royalties, etc.)' in the previous year is <50%, and the proportion of assets used to generate passive income is <50% (the definition criteria are provided in the form).
- Passive Entity (Passive): Typically refers to entities where the proportion of passive income in the previous year is higher (the form describes it as >50% criteria).
The impact is:
- If you check Passive (H), the form explicitly requires you to fill out Section 3 – Declaration of Controlling Person(s), and additionally submit 'individual tax resident self-certification forms' for all Controlling Persons. [oaicitation:28‡1. FATCA CRS form for Entities.pdf](sediment://file00000000933071f6b9f617718830f5c6)
- Active Entity (Active): Typically refers to entities where the proportion of 'passive income (interest, dividends, rents, royalties, etc.)' in the previous year is <50%, and the proportion of assets used to generate passive income is <50% (the definition criteria are provided in the form).
- Passive Entity (Passive): Typically refers to entities where the proportion of passive income in the previous year is higher (the form describes it as >50% criteria).
The impact is:
- If you check Passive (H), the form explicitly requires you to fill out Section 3 – Declaration of Controlling Person(s), and additionally submit 'individual tax resident self-certification forms' for all Controlling Persons. [oaicitation:28‡1. FATCA CRS form for Entities.pdf](sediment://file00000000933071f6b9f617718830f5c6)
Seven, FATCA/CRS (Actual Controller/Individual) Self-Certification Form: US Identity Determination and Multi-Tax Resident Handling
The individual self-certification form focuses on (1) US tax residency status (choose one of three) and (2) other tax residencies and TINs (up to 3 jurisdictions, otherwise attach a separate sheet), along with supporting documents for tax residency.
"The definition of Tax Resident varies across different jurisdictions; you may belong to two tax residences (dual residency) under special circumstances."
Question
What happens if my country of residence and tax residency are inconsistent?
AIAIGAnswer
In the self-certification form, if the tax residency you declare does not include the country/region of your residential address, the form provides a checkbox for confirmation: you confirm that you are not a tax resident of your country of residence and are not a tax resident of any other country besides those already declared.
Without the above confirmation, the information indicates: the bank may disclose your account information to tax authorities based on its records; and you may not be able to open additional accounts with GLDB. [oaicitation:33‡2. FATCA CRS form for Controlling Persons.pdf](sediment://file00000000d7c471f689c20c00b239ffb2)
Without the above confirmation, the information indicates: the bank may disclose your account information to tax authorities based on its records; and you may not be able to open additional accounts with GLDB. [oaicitation:33‡2. FATCA CRS form for Controlling Persons.pdf](sediment://file00000000d7c471f689c20c00b239ffb2)
Eight, Pre-submission "Packaging Checklist": Engineering the Pass Rate
It is recommended that you organize the materials using the following structure (one main folder + several subfolders) to expedite bank review:
- 00_Company Registration Documents (Full Set)
- 01_Account Opening Questionnaire (Completed) + Organizational Chart
- 02_Personnel Identification (Directors/Shareholders/UBO: Passport, ID Card, Address Proof)
- 03_Business Proof (Website/Products, Contract Samples, Invoice Samples, List of Major Customers and Suppliers)
- 04_Transactions and Funds (Estimated Monthly Transaction Model, Proof of Initial Deposit Source, Recent Invoice/Transaction Summary)
- 05_Tax Compliance (FATCA/CRS Entity + Controlling Person; TIN and Supporting Documents for Each Tax Residency)
- 06_Resumes and Background (Directors/Shareholders Resumes; If Involving Special Regions/PEP-related, Prepare Explanations)
Among these, it is advised to answer the "Questionnaire + 7 Supplementary Questions" with a consistent approach, ensuring that: business, transaction countries, transaction amounts/volumes, fund sources, and shareholder wealth sources are aligned with each other. [oai_citation:34‡Questions to Answer.doc](sediment://file_00000000842471f6881563b0d44edf23) [oai_citation:35‡GLDB Green Union Bank Account Opening Form(4).docx](sediment://file_0000000003d471f6a7e123fcf055b3c9)
Nine, Conclusion: What Banks Want is Not "Filling Out Forms," but "Explanatory Closure"
The core logic of GLDB account opening documentation is highly consistent:
- Questionnaires address "company profile and transaction model"
- Supplementary questions address "business authenticity and compliant source of funds"
- FATCA/CRS addresses "tax residency declaration and information exchange compliance"
By integrating these three components into a coherent narrative (and preparing an evidence chain), it can significantly reduce repeated requests for additional materials and back-and-forth reviews.
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Disclaimer: The content of this article is for informational reference only and does not constitute investment advice, a solicitation, or a basis for major decision-making. Please make independent judgments and consult professional advisors when needed.