Foreign Currency Current Account-i

With the Shariah-compliant Foreign Currency Current Account-i, you can receive and make payments in the original currency without having to convert them into Singapore Dollars.

Key info

  • Foreign Currency Current Account-i based on Shariah principles
  • Available in different major foreign currencies
  • Free chequebook for US Dollar current account

Foreign Currency Current Account-i is a checking facility with monthly account statements mailed to you.

Benefits

  • Low monthly minimum balance of US$1,000 or its equivalent
  • Free chequebook, for US Dollar current account only
  • Deposit and withdraw cash,  as well as send and receive demand drafts and telegraphic transfers* in local and foreign currencies

Minimum initial deposit

  • US$1,000 or its equivalent

Who can apply

  • All constitution type (subject to Terms and Conditions)
  • Account opening is subject to approval (Introducer is required if the non-individual customer does not maintain any account with us)

Required documents

All documents provided must be certified true copies.

  • Sole Proprietorship
    • Identification documents of the Proprietor. Proprietor should be present for the account opening
    • Business Registration Certificate
  • Partnership
    • Identification documents of all Partners. Partners should be present with their identification documents for the account opening
    • Business Registration Certificate
  • Limited Liability Partnership
    • Identification documents of the Partners. Partners should be present for the account opening
    • Business Registration Certificate
    • Resolution for LLP
    • LLP Agreement
  • Incorporated Companies
    • Identification documents of Directors/Authorised Signatories. Authorised Signatories should be present with their identification documents
    • Certificate of Incorporation
    • Board Resolution
  • Societies, Clubs and Associations
    • Identification documents of Executive Committee Members/Authorised Signatories. Authorised Signatories should be present with their identification documents
    • Licence or Certificate of Registration
    • Resolution passed by the committee or governing body
    • Constitutive Documents or Rules and Regulations

Fees and charges

  • US$5 monthly service fee; waived with a minimum average daily balance of US$1,000 or its equivalent
  • Fees and charges related to Foreign Currency Current Account-i
  • Please click here for bank charges on other frequently used services and transactions

Apply for your Foreign Currency Current Account-i at any of our 21 Branches in Singapore.

Terms and conditions (PDF)

*Service fees and charges apply