Foreign Currency Current Account

Receive or make payment in the original foreign currency without having to convert them into Singapore Dollars; flexibility to deposit or withdraw local and foreign currency in cash, demand drafts or telegraphic transfers

Key info

  • Available in US Dollars and other major currencies
  • Minimum initial deposit of US$1,000 or its equivalent
  • Flexibility to access different major foreign currencies

If your company frequently transacts in foreign currencies, a Foreign Currency Current Account may be ideal for your business needs. Available in US Dollars and other major foreign currencies, you can receive and make payments in the original currency without having to convert them into Singapore Dollars.

Benefits

  • Flexibility to access different foreign currencies
  • Free chequebook, for US Dollar Current Account only
  • Deposit and withdraw local and foreign currencies in cash, demand drafts or telegraphic transfers*
  • Transfer funds in foreign currency to and from your SGD accounts anytime, anywhere via Business Internet Banking (www.maybank2u.com.sg)
  • Option to apply for transaction notification on cheque clearance
  • Enjoy the convenience of performing local and overseas Telegraphic Transfer from your Foreign Currency Account

Minimum initial deposit

US$1,000 or its equivalent

Type of Currencies available

  • USD
  • EUR
  • GBP
  • AUD
  • NZD
  • CAD
  • HKD
  • JPY

Interest Rate

Earn interest on your USD account balance

Account Balance
Interest Rate
First US$200,000
0.10% p.a.
Next US$800,000
0.15% p.a.
Next US$4,000,000
0.25% p.a.

Who can apply

  • All constitution type (subject to Terms & Conditions)
  • Account opening is subject to approval

Required documents

Click here to view the list of required documents for account opening.

Fees and charges

  • US$5 monthly service fee; waived with a minimum average daily balance of US$1,000 or its equivalent
  • Click here for other fees and charges

Enhance efficiency in your foreign currency transactions.

To apply, please visit any of our Maybank Branches in Singapore today.

Terms and conditions (PDF)

*Service fees and charges apply.

Next steps

To apply, please visit any of our Maybank Branches in Singapore today.

Get in touch

Contact us for more information

Useful information

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Read our Terms & Conditions (PDF)



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