Guidelines to Permit Stateless Persons Holding Special Passes to Open Bank Accounts

Ms Hazel Poa asked the Prime Minister and Minister for Finance whether MAS can issue guidelines to permit stateless persons holding Special Passes in Singapore to open bank accounts and, if not, why not.

Mr Gan Kim Yong (for the Prime Minister): The Monetary Authority of Singapore does not prohibit banks from opening bank accounts for stateless persons holding a Special Pass issued by the Immigration and Checkpoints Authority.

As with all account opening applications, banks will conduct their own assessment on each case to decide whether to open bank accounts for stateless persons holding Special Passes and some banks have opened accounts for these persons.