Yes. Built for crypto firms, with a USD personal account that plugs straight into Binance Bahrain.
| Criterion | Score | Source |
|---|---|---|
| Accepts exchange transfers | yes (2) | source · checked 8 September 2026 |
| Stablecoin off-ramp | yes (2) | source · checked 8 September 2026 |
| Business accounts for Web3 | yes (2) | source · checked 8 September 2026 |
| Custody | yes (2) | source · checked 8 September 2026 |
| Staking and yield | no (0) | source · checked 8 September 2026 |
| Card | no (0) | source · checked 8 September 2026 |
| Multiple jurisdictions | partial (1) | source · checked 8 September 2026 |
| Open to retail | partial (1) | source · checked 8 September 2026 |
Total 10 of 16. Yes scores 2, partial 1, no 0. A secondary source is press or a third party rather than the bank or its regulator. Unverified means no source could be found; the score stands until one is.
Scores are revised when a bank's documents change. Each revision is dated and sourced.
| 8 September 2026 | Card | partial to no | source |
| 8 September 2026 | Staking and yield | partial to no | source |
| Jurisdiction | Bahrain |
| Type | Crypto-native |
| Health tag | Unknown Real Bahrain licence and sovereign wealth backing, but too new to judge, with almost no published financials. · checked 26 August 2026 |
| Last verified | 8 September 2026 |
| 2024 | Central Bank of Bahrain awards Singapore Gulf Bank a banking licence; Mumtalakat, Bahrain's sovereign wealth fund, invests alongside founder Whampoa Group in February 2024. source |
| 2024 | Bank opens for business on 4 November 2024 as a conventional wholesale bank licensed by the CBB, launching corporate accounts, a real-time settlement network, digital asset custody and trading. source |
| 2026 | Stablecoin mint and redeem service launched in April 2026 under the CBB wholesale licence; correspondent accounts added with J.P. Morgan (January), BNY (April) and Standard Chartered (May). No CBB enforcement actions found. source |
Yes. SGB Link connects your SGB personal account directly to Binance Bahrain, and USD moves in seconds without an intermediary bank. Sending to Binance is free. Pulling money back to SGB costs 0.3%, capped at USD 500.
Onboarding is fully remote through the app, and the bank says it serves eligible clients across selected markets. Whether you qualify depends on your nationality and country of residence, and the bank does not publish the list. You need to be 21 or over, with a passport or national ID, a selfie, proof of address and source of funds documents. Most applications are reviewed in 3 to 10 business days.
USD 9.90 a month, refunded the following month if your average daily balance stays at or above USD 10,000. Incoming wires are free on SGB's side, outgoing SWIFT is USD 30, and transfers to other SGB customers cost nothing. The account holds USD only and pays no interest, though fixed deposits pay up to 4.00% a year.
Yes, for eligible clients. The bank accepts USDT and USDC deposits and converts them to fiat inside the account, on Ethereum, Solana, Base, Arbitrum and Avalanche for business clients. The 1:1 USDC mint and redeem service launched in April 2026 is for corporate and high net worth clients with a USD 100,000 minimum.