Managing foreign currency wallets

Last updated: Sep 2025

DBS IDEAL provides the convenience and control to maintain, operate and make foreign currency payments with SGD and 12 other major currencies in separate wallets within DBS Business Multi-Currency account. 

Enjoy real-time visibility into your currency balances and comprehensive transaction information, ensuring effortless maintenance and operation. The supported currencies include AUD, CAD, CHF, CNH, EUR, GBP, HKD, JPY, NOK, NZD, SEK, and USD which are automatically enabled for you unless a specific opt-out request was made during account opening.
 

View currency wallets on DBS IDEAL

To view your foreign currency wallets, simply:

  1. Log in to DBS IDEAL
  2. On “Dashboard”, select your Business Multi-Currency Account and view your available currency wallets.

Alternatively, you can view your foreign currency wallets from the “Accounts” tab.

If a currency wallet is not visible on DBS IDEAL, currency wallet will automatically be created by:

  • First incoming transaction
  • Overdraft set-up 
  • Choice of currency to debit account charges (fall-below and account service fees)
  • Foreign Exchange (FX) transaction

Additional currency wallets do not require further documentation and can be activated remotely and immediately.
 

Making and receiving payments in foreign currencies

You can make and receive payments with your DBS Business Multi-Currency Account in SGD and 12 other major currencies mentioned above on DBS IDEAL. This eliminates unnecessary currency conversion costs, giving you the flexibility to manage currency conversions on your own schedule and choose the operating currency that best suits your needs.

Example for illustration:

  • Your customer sends your company a payment in USD for an invoice. Once the bank receives the payment, the funds will be credited to your USD wallet tied to your DBS Business Multi-Currency Account.
  • If your supplier requests payment from your company in USD for an invoice, you can choose one of the following options:
Pay in USD with your USD wallet When making payment, select the USD wallet tied to your DBS Business Multi-Currency Account. The funds will be deducted from your USD wallet.
Convert SGD to USD at the time of payment Use your SGD wallet to pay the supplier in USD by utilising Foreign Exchange (FX) conversion at the time of payment.
Convert SGD to USD before payment Perform a Foreign Exchange (FX) conversion within your own account (e.g. convert SGD to USD) to activate the USD wallet before making the USD payment.

 

Ways to get help
Write to us

Write to us

Our customer support team BusinessCare will respond to you as soon as possible.
Submit an enquiry form.


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8.30am–8.30pm (excluding public holidays)
Reporting a scam can be done 24/7, at any time.
In Singapore: 1800 222 2200
From overseas: +65 6222 2200


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visit a DBS bank branch.
For other issues, please contact your relationship manager or BusinessCare.