Bank Account Ownership Statistics in Singapore (2026)
97.8% of adults in Singapore had an account at a bank or similar financial institution in 2024, World Bank Global Findex data show. Up from 97.2% in 2021 to 97.8% in 2024 (+0.6 percentage points). Singapore ranks #5 of 16 economies in East Asia & Pacific on this measure, and #23 of 145 globally.
Key Statistics
- Latest value (2024)
- 97.8% (2024)
- Bank Account Ownership in Singapore as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +0.6 pp (2024)
- Up from 97.2% in 2021 to 97.8% in 2024 (+0.6 percentage points).
- Earliest value in this dataset (2011)
- 98.2% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 98.2% in 2011 to 97.8% in 2024.
- Peak value (2011)
- 98.2% (2011)
- Highest value in the available series; the 2024 value is 97.8%.
- Rank in East Asia & Pacific
- #5 of 16 (2024)
- Singapore ranks 5 of 16 countries in East Asia & Pacific with data, based on each country's latest value.
- Global rank
- #23 of 145 (2024)
- Singapore ranks 23 of 145 countries with data globally.
- East Asia & Pacific average
- 76.2% (2024)
- Singapore (97.8%) is above the average of 76.2% across the 16 countries in East Asia & Pacific with data.
- Among women (2024)
- 97.6% (2024)
- Value for women in Singapore, same 2024 World Bank Global Findex data.
- Among men (2024)
- 98% (2024)
- Value for men in Singapore, same 2024 World Bank Global Findex data.
- Gender gap (women minus men)
- −0.4 pp (2024)
- In 2024, the figure was 97.6% for women and 98% for men — 0.4 percentage points lower among women.
- Among the poorest 40% (2024)
- 95.4% (2024)
- Value for adults in the poorest 40% of households in Singapore in 2024.
- Poorest-40% gap vs national
- −2.4 pp (2024)
- The poorest 40% (95.4%) are 2.4 percentage points below the national figure (97.8%).
- Internet use in Singapore (2024)
- 94.4% (2024)
- 94.4% of the population in Singapore used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 6 million (2024)
- Singapore had a population of 6 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 97.8% | +0.6 pp |
| 2021 | 97.2% | −0.6 pp |
| 2017 | 97.8% | +1.5 pp |
| 2014 | 96.4% | −1.9 pp |
| 2011 | 98.2% | — |
Frequently asked questions
What share of adults in Singapore had an account at a bank or similar financial institution?
97.8% of adults in Singapore had an account at a bank or similar financial institution in 2024, according to World Bank Global Findex data.
How has bank account ownership in Singapore changed over time?
World Bank Global Findex data show a decline from 98.2% in 2011 to 97.8% in 2024.
How does Singapore compare with other countries in East Asia & Pacific?
Singapore ranks 5 of 16 countries in East Asia & Pacific with data, with 97.8% versus a regional average of 76.2% (latest values per country).
Where does Singapore rank globally on bank account ownership?
Singapore ranks 23 of 145 countries with data globally, based on the latest World Bank Global Findex value for each country.
Is there a gender gap in bank account ownership in Singapore?
Yes — in 2024 the figure was 97.6% for women and 98% for men, a gap of 0.4 percentage points in favor of men.
Source & methodology
Source: World Bank Global Findex, indicator
fiaccount.t.d, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .