Corporate Multi-Currency Account

A single account to manage local and foreign currencies with ease

Corporate Multi-Currency Account

A single account to manage local and foreign currencies with ease

Important Notice: From 20 Nov 2021 onwards, the Corporate Multi-Currency Account is only available for existing DBS customers. If you have specific business requirements to open this account, please reach out to your DBS Relationship Manager for support.

Looking to open a new account with DBS? Visit the Business Multi-Currency Account page for more information or apply for a business account directly here.

At a Glance

Existing DBS customers with the Corporate Multi-Currency Account can transact across borders seamlessly. Manage Singapore dollars and up to 12 foreign currencies in separate wallets under one account.

Account Details
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).
Account Fee S$40 or equivalent annually
Service Charge S$40 or equivalent monthly. Waived if average daily balance is at least S$10,000 or equivalent.
Internet & mobile banking (DBS IDEAL) fee Free
Debit Card Free
Cheque books Free


For specific business types, account set-up fee and monthly account fees may apply. View the Pricing Guide for details.

Interest rate charges for Japanese Yen (JPY) credit balances may apply, please click here to view the charges.


DBS Business Account Pricing Revision 
With effect from 1 June 2021, service charge for DBS Corporate Multi-Currency Account has been revised. Find out more.

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.

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 service charge across all currencies and 1 annual account fee.

Can I choose a currency other than SGD to be charged for the Service Charge and Account 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 on DBS IDEAL?

Yes, but ensure that you have access to DBS IDEAL for your DBS Business 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 DBS Business 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 DBS Business Multi-currency Account and keep the same account number. Submit the form for account conversion.

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