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Corporate Multi-Currency Account

Enjoy 0.50% interest and 50% off your transaction fees on your new Multi-Currency Account with DBS 50 SME Banking Promotion!

Multi Currency Business Account

As DBS marks its 50th anniversary this year, we invite you to join in the celebration with us! Participate in our DBS 50 SME Banking Promotion and enjoy 0.50% interest on your SGD & USD balances! In addition, receive 50% off your digital transactions!

Please click here to find out more.

DBS SME Banking Promotion

Start earning more with your new Multi-currency Account! Simply fulfil the following criteria below to receive the following benefits.

Interest Rate
0.50% interest on SGD/USD balances above $100,000

Bring in new funds and receive 0.50% interest on SGD/USD* balances above $100,000 and up to $2,000,000 for the next 6 months!*

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Interest Rate
50% off your outward digital transactions via DBS IDEAL

Perform at least 2 transaction types (FAST, TT, MEPS, GIRO) through DBS IDEAL each month and receive 50% off the transaction fees!

 


 

Value Features of DBS Corporate Multi-Currency Account

Recommended For

Ideal for growing companies that can maintain SGD 10,000 in the account

Minimum balance

SGD 10,000 or equivalent

Minimum initial deposit

SGD 3,000 or equivalent

Monthly Account Fee

Nil

Annual Account fee

SGD 40 or equivalent

Fall-below fee

SGD 35 or equivalent

Currencies available

SGD and 12 foreign currencies including USD, AUD
(see FAQs for the full list of currencies)

Internet & Mobile banking (IDEAL™) fee

FREE!

PayNow Corporate

Enjoy FEE WAIVER for all incoming PayNow Corporate transactions and outgoing PayNow lookups until 31st December 2019!
Please refer pricing guide for outgoing transaction (FAST & GIRO).

Security Device

Unlimited FREE digital tokens (authentication using your iOS or Android device)

Debit Card

FREE!

Cheque Books issued

FREE

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

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For full Terms & Conditions to the above promotion, click here.

DBS helps you expand across borders

expand your business with DBS Business Class

DBS helps you expand across borders DBS BusinessClass. Tap on our knowledgeable community of 45,000 members which include some of Asia's business masterminds. Get the latest market trends and tangible solutions to stay ahead of your competition using the latest technology-driven methods.

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apply BG and LC online

Trade Facilities. Banker's Guarantees and Import Letters of Credit are available without the need for Trade credit facilities with DBS. Apply online and get your trade documents in 2-3 business days, plus waivers of $100 processing fees.

Find out more

FAQs

What are the currencies offered under Corporate Multi-Currency Account?

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

What are the fee charges for Corporate Multi-Currency Account?

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 functional currency.

When will a currency under a Corporate Multi-Currency Account be activated?

SGD is a default currency set up. A new foreign currency will be activated when you receive the first incoming funds in that foreign currency, you indicate your choice of charge currency as a currency other than SGD, or we make available to you certain facility or service in a particular currency, or when a cheque book has been issued for a currency.

Can I request the Bank not to activate certain currencies under a Corporate Multi-Currency Account?

Yes. You can choose to opt-out particular currencies under a Corporate Multi-Currency Account, except SGD which is a default currency. Please submit the Currency Opt-Out Form.

Can I view all currencies under a Corporate Multi-Currency Account in my account statement?

Yes. You will receive an All-in-One MCA 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 of a Corporate Multi-Currency Account on DBS IDEAL?

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

Can I close certain currencies under a Corporate Multi-Currency Account?

No. Once a currency of a Corporate Multi-Currency Account is activated, you can only close it when the entire Corporate Multi-Currency Account is closed.

I currently hold a SGD Business Account or Digital Account. Can I switch to the Corporate Multi-Currency Account? Can I retain the same account number?
Yes, you can convert an existing SGD Business Account or Digital Account into a Corporate Multi-Currency Account and retain the same account number. To do so, please fill and submit the Form for MCA Account Conversion.