multi-currency-business-account

Corporate Multi-Currency Account

A single account to manage local and foreign currencies with ease

At a Glance
DBS Corporate Multi-Currency Account helps you to transact across borders seamlessly.

1 account, 13 currencies

Manage your Singapore dollars and up to 12 foreign currencies in separate wallets under one account

Efficient and cost-effective

Avoid currency conversions when transacting and save on administrative costs with just one account for multiple wallets

Low initial deposit

Open your account with a minimum S$3,000 or equivalent

Features & Benefits
Minimum balance S$10,000 or equivalent
Minimum initial deposit S$3,000 or equivalent
Currencies available Singapore dollars (SGD) and 12 foreign currencies including USD, EUR, HKD and AUD. See the full list in the FAQ section. 
Security device Unlimited free digital tokens (authenticate with your iOS or Android device).
Fees
Monthly account fee Nil
Annual account fee S$40 or equivalent
Fall-below fee S$35 or equivalent
Internet & mobile banking (DBS IDEAL) fee Free
Debit Card Free
Cheque books Free

 

Enjoy more savings when you transact online via DBS IDEAL refer to the pricing-guide for more details.

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$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

How to Apply

We may need to speak to the sole proprietor, partners of a limited liability partnership or director of a private/limited company.

For a single director or sole proprietor with a DBS/POSB account.

Step 1: Apply online in just 5 minutes.

No documents are needed. You will need your:

  • ACRA Business Registration number

  • Personal DBS/POSB iBanking login or Debit/ATM Card and PIN details

Step 2: Account open in 1 day.

Use your account on the next business day.

For multiple directors or partners in a company

Step 1: Apply online in just 5 minutes.

You will need:

  • ACRA Business Registration number

  • Contact details of all account users

Step 2: Wait for our call.

We will call you within 1 business day to verify your identity.

Step 3: Prepare your documents for pick up.

We will send a courier to collect your documents

Step 4: Transact online.

Your account will be ready on the next business day.

FAQs
What currencies does this account offer?

SGD, USD, AUD, CAD, CNH, HKD, NZD, GBP, NOK, SEK, CHF, EUR, JPY. Singapore dollars (SGD) is a default currency. CNH will be available only upon your submission of the RMB Declaration Form.

What are the fees and charges?

Only 1 fall-below fee across all currencies and 1 annual account fee.

Can I choose a currency other than SGD to be charged for Fall Below Fee and Account Service Fee?

Yes. You may choose a charge currency that is aligned with your operational currency.

When will a currency be activated?

SGD is the default currency. Your choice of foreign currency will be activated when you:

  • receive the first incoming funds in that foreign currency
  • indicate your choice of charge currency other than SGD
  • receive a cheque book in a particular currency

We may also activate the foreign currency when we offer a certain facility or service in that currency.

Can I request not to activate certain currencies?

You can opt-out of certain currencies except for SGD, the default currency. Submit the Currency Opt-Out Form.

Can I view all currencies in my account statement?

You will receive an All-in-One Multi-Currency Account statement. It will contain balances and transaction details for all currencies activated, together with respective indicative FX to SGD for your reference.

Can I view all currencies on DBS IDEAL?

Yes, but ensure that you have access to DBS IDEAL for your Corporate Multi-Currency Account. All currencies activated will be added automatically for viewing or transacting in DBS IDEAL.

Can I deactivate certain currencies?

No. Once a currency is activated, you can only deactivate it when your Corporate Multi-Currency Account is closed.

I have an SGD Business Account. Can I switch to a Multi-Currency Account and keep the same account number?

Yes, you can convert your existing account to a Corporate Multi-Currency Account and keep the same account number. Submit the form for account conversion.

Explore More
Accounts
Loans
Payments
generic