Written reply to Parliamentary Question on guidelines for stateless persons holding Special Passes to open bank accounts
Date: For Parliament Sitting on 16 October 2024
Name and Constituency of Member of Parliament
Ms Hazel Poa, NCMP
Question:
To ask 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.
Answer by Mr Gan Kim Yong, Deputy Prime Minister and Minister for Trade and Industry, and Chairman of MAS:
1.The Monetary Authority of Singapore (MAS) does not prohibit banks from opening bank accounts for stateless persons holding a Special Pass issued by the Immigration and Checkpoints Authority.
2.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.