Foreign Currency Current Account-i


Foreign Currency Current Account-i

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.

Overview

interest rateAttractive potential bonus in the form of hibah may be distributed at the Bank's discretion to customers
chequebookFree chequebook for USDCurrent Account with option to receive notification for cheque clearance
Business Internet BankingCross Currencies funds transfer to and from SGD accounts via Business Internet Banking
Deposit and withdrawDeposit and withdraw local and foreign currencies in cash, demand drafts or telegraphic transfers

Currencies



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

Eligibility



Who can apply

  • Sole proprietors
  • Partnerships
  • Limited Liability Partnerships (LLP)
  • Incorporated Companies
  • Charities
  • Societies
  • Associations

Documents Requirement

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

Initial Deposit

  • US$1,000 or its equivalent


Account opening is subject to the Bank's approval.

Fees and Charges


Description
Fees and Charges
Fall-below fee (per month)US$5 equivalent; waived with an average daily balance of US$1,000 or its equivalent in the month
Early Account Closure
(within 6 months)
US$20 early account closure fee, if the account is closed within 6 months of opening
ChequebookFree (only USD Chequebook is available)
Others
Please click on to view the other transactional charges and service fees applicable



Useful Links

TOP

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$50,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.