Bank Statement for the Singapore Employment Pass
Singapore's Employment Pass is salary-benchmarked — applicants must clear a minimum monthly salary that rises with age, and MOM verifies declared salaries against evidence. While employers file the application, officers can request payslips and bank statements showing actual salary credits, especially at renewal or for smaller employers. Here is how to keep that evidence clean.
Key Benefits
- Shows salary credits matching the amount declared to MOM
- Supports renewals where declared and paid salary must align
- Documents compensation for COMPASS points assessment
- Protects against verification queries aimed at shell employment
How It Works
- Step 1: Download 6 to 12 months of statements from the account receiving your salary
- Step 2: Convert them to Excel with Bank Statement Converter and isolate employer salary credits
- Step 3: Reconcile each credit against payslips and your IR8A or tax filings
- Step 4: Keep the reconciliation ready for MOM queries or renewal submissions
Frequently Asked Questions
- What salary does the Employment Pass require?
- The minimum qualifying salary rises with age and sector and is revised periodically. Your employer or agent should benchmark against the current MOM figure plus COMPASS scoring.
- Does MOM actually check bank statements?
- MOM can and does request evidence that declared salaries are genuinely paid — bank statements showing monthly credits are the strongest proof, particularly for small employers.
- Do statements matter for dependants' passes?
- Yes. Dependant and Long-Term Visit Pass eligibility is tied to the EP holder's salary, so the same salary-credit evidence supports family applications.
- What if part of my pay is variable bonus?
- COMPASS and qualifying-salary tests focus on fixed monthly salary. Keep fixed and variable components clearly distinguishable on your statement summary.
Convert Your EP Statements