Cash and Accounts
1 account, 13 currencies
The DBS Corporate Multi-Currency Account (MCA) is a single account with which you can manage up to 13 currencies. It is an efficient and cost-effective solution for you to maintain balances and perform transactions in different currencies.
Ease of account opening and management – Each supported foreign currency wallet will be automatically created when the funds are received
Reduce currency conversion costs – You can offset flows in the same currency and have flexibility in managing currency conversions at your own schedule
Real time visibility – Automatic linkage of currency wallets in DBS IDEAL™ for transaction initiation and reporting
The 13 currencies offered are SGD, USD, AUD, CAD, CNH, HKD, NZD, GBP, NOK, SEK, CHF, EUR and JPY. You will receive the SGD wallet automatically. CNH will be available only upon your submission of the RMB Declaration Form.
Yes, you may choose one of the other twelve currencies to be the Charge Currency. Where you select a non-SGD Charge Currency, that wallet will be charged the SGD equivalent fees based on our currency exchange rate in force at the time.
If you open a Corporate Multi-Currency Account, a Singapore dollar wallet will be automatically added under this account. We will add a foreign currency wallet when:
Yes, you will receive an all-in-one MCA statement. It will contain balances and transaction details for all currencies activated.
No, an activated wallet cannot be closed unless the Corporate Multi-Currency Account is closed.
They will be independently calculated for each currency wallet under a Corporate Multi-Currency Account based on our prevailing interest rates applicable to each relevant currency.
How do I apply?
Simply call us at 1800 222 2200, or +65 6222 2200 if you are calling from overseas to apply. Alternatively, please speak with your relationship manager.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.