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Corporate Multi-Currency Account

1 Account, 13 Currencies – save on foreign exchange cost and enjoy all-in-one convenience

Multi Currency Business Account

The DBS Corporate Multi-Currency Account lets you transact in Singapore Dollars and up to 12 foreign currencies with only one account to maintain!


Save on FX cost

Save on foreign exchange cost when receiving funds in the same supported currencies, as there will be no conversion of incoming funds.

Better FX rates

Better exchange rates online, convert currencies via online banking when the rates are in your favour

Currency wallets

New currency wallets auto created when you first receive a supported foreign currency, no need for further application

Free Telegraphic Transfer

$0 cable charges for Outward Telegraphic Transfers to DBS accounts and payment within 10mins^

get business account in a day

New! 1-Day Express account opening# for Single Director Companies or Sole Proprietors with DBS/POSB personal account - no signature or documents needed!

 

 

^Subject to regulations in the beneficiary country. Available for beneficiaries with DBS accounts in Singapore, Hong Kong, China, India, Taiwan and Indonesia.
#Terms & Conditions for 1-Day Express Account Opening:
  1. This service is currently only applicable to Singapore registered Sole Proprietorships owned by an individual or Singapore incorporated companies with one director who is also the only shareholder and authorised signatory. This individual must be a Singapore citizen or Singapore permanent resident and have an existing DBS/POSB active personal bank account.
  2. Accounts will be opened the next working day (Monday to Friday, excluding public holidays) for applications submitted before 2pm on a working day.
  3. Applications made through this service are subject to approval by DBS.

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!

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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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.