Bank or similar financial institution account in Singapore

Singapore: Bank or similar financial institution account was 97.8% in 2024. ▬ Flat

Latest (2024)
97.8%
Change on year
up 0.6%
World rank
20th
of 115 countries
All-time high
98.2%
in 2011
All-time low
96.4%
in 2014
Years of data
5
2011–2024

Bank or similar financial institution account in Singapore, 2011–2024

0204060801002011201720242011: 98.2 % age 15+2014: 96.4 % age 15+2017: 97.8 % age 15+2021: 97.2 % age 15+2024: 97.8 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

Singapore recorded 97.8% for bank or similar financial institution account in 2024.

The figure is up 0.6% on the previous year and up 1.5% over ten years.

Over the whole period, bank or similar financial institution account in Singapore peaked at 98.2% in 2011 and was at its lowest, 96.4%, in 2014.

That places Singapore 20th out of 115 countries with data for 2024, putting it in the top quarter.

Bank or similar financial institution account in Singapore, year by year

Annual values for Bank or similar financial institution account (% age 15+) in Singapore, 2011 to 2024.
Year % age 15+ Change
2011 98.2%
2014 96.4% -1.9%
2017 97.8% +1.5%
2021 97.2% -0.6%
2024 97.8% +0.6%

Averages by decade

DecadeAverage LowestHighest Years
2010s 97.5% 96.4% 98.2% 3
2020s 97.5% 97.2% 97.8% 2

Countries ranked near Singapore

  1. 17 Mongolia 98.2% compare
  2. 18 Australia 98.0% compare
  3. 19 New Zealand 97.9% compare
  4. 21 Hong Kong 97.3% compare
  5. 22 United States of America 97.0% compare
  6. 23 Republic of Korea 96.7% compare

See the full ranking of 127 places →

More reference data data for Singapore

All data for Singapore →

Frequently asked questions

What is bank or similar financial institution account in Singapore?
Bank or similar financial institution account in Singapore was 97.8% in 2024, according to Global Findex Database.
What is the highest bank or similar financial institution account recorded in Singapore?
The highest recorded value was 98.2% in 2011.
What is the lowest bank or similar financial institution account recorded in Singapore?
The lowest recorded value was 96.4% in 2014.
How does Singapore rank for bank or similar financial institution account?
Singapore ranks 20th out of 115 countries with data for 2024.
Is bank or similar financial institution account rising or falling in Singapore?
Over the last ten years it is up 1.5%. The long-run trend across the full record is flat.
Where does this Singapore data come from?
The figures come from Global Findex Database, published as part of Bank or similar financial institution account (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account in Singapore. Statizoid, drawing on Global Findex Database. Retrieved 01 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-percent-age-15/singapore/

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About this data

Indicator
Bank or similar financial institution account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
127 places, 635 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another similar financial institution, (% age 15+)