Document background
Financial Reference Letters are essential documents in Singapore's banking landscape, used when individuals or businesses need to verify their financial standing with third parties. They are commonly required for visa applications, property rentals, business registrations, or other situations requiring proof of financial credibility. The Financial Reference Letter must comply with Singapore's Banking Act, PDPA, and MAS guidelines, carefully balancing information disclosure with banking confidentiality requirements. The letter typically includes basic account information, relationship duration, and general standing, while maintaining strict compliance with Singapore's regulatory framework.
