Document background
A Credit Reference Letter From Bank is a crucial document in Singapore's financial ecosystem, commonly requested for various purposes including visa applications, property rentals, employment verification, and loan applications. The letter provides verified information about an individual's or company's banking relationship, including account standing, length of relationship, and general credit behavior. Under Singapore's regulatory framework, particularly the Banking Act and MAS guidelines, these letters must balance transparency with customer confidentiality, providing necessary information while protecting customer privacy. The document serves as an official testament to the account holder's financial credibility, issued on bank letterhead and typically signed by authorized bank personnel.
