Foreign Currency Call Account

Foreign Currency Call Account

For businesses that transact in other major currencies

Why you will love this

Transact and trade in a major currency of your choice

Earn interest on your selected currency

Apply now

Our Foreign Currency Call Account is specially designed to support businesses that trade in USD or EUR.

Before you apply

Eligibility requirements

Type of business
All businesses registered and based in Singapore
For all other businesses please apply for Business Foreign Account

Fees and Charges (CHF, EUR and JPY accounts)

Monthly service fee

CHF 25,000 and below
Waived
Above CHF 25,000
2.5% per annum for a monthly average balance in excess of CHF 25,000
EUR 25,000 and below
Waived
Above EUR 25,000
0.5% per annum for a monthly average balance in excess of EUR 25,000
JPY 3,000,000 and below
Waived
Above JPY 3,000,000
0.5% per annum for a monthly average balance in excess of JPY 3,000,000


Account set-up fee
(one-time)

Applicable for CHF, EUR and JPY accounts only.
CHF 500 / EUR 500 / JPY 65,000
Monthly service fee will be levied if the average monthly balance for the respective foreign currencies in the foreign currency call account falls below the applicable minimum average monthly balance (except for CHF, EUR and JPY).

Fees and charges (EUR account only)

Monthly service fee

Below USD 1,000
USD 15
EUR 25,000 and below
Waived
Above EUR 500
0.5% per annum for a monthly average balance in excess of EUR25,000

Account set-up fee
(one-time)

Applicable for EUR account only
EUR 500
Flat fee for telegraphic transfer.

The agent bank charges will still apply. Promotion is given to account holders of the Business Smart Account for outward telegraphic transfers submitted via Velocity@ocbc and where the charge type of the telegraphic transfer is OUR or SHA only. Promotional flat bank charge is valid for 2 years from the date of account opening. OCBC Bank reserves the right to revise the promotional flat charge from time to time during the 2 years.
Initial deposit, minimum balance and fees
Currency
AUD
CAD
CHF
EUR
GBP
HKD
JPY
NZD
Initial deposit
10,000
25,000
N.A.
N.A.
5,000
500,000
N.A.
10,000
Minimum day end balance to earn interest
10,000
25,000
N.A.
N.A.
5,000
500,000
N.A.
10,000
Interest rates
Currency
First $50,000
Next $450,000
Next $500,000
$1,000,000 and above
Australian Dollar (AUD)
0.00%
0.00%
0.10%
0.20%
United States Dollar (USD)
0.00%
0.00%
0.02%
0.03%


The interest rates stated here are subject to change without prior notice.

Interest is only payable on the currencies stated above.

Business Financial Management

Business Financial Management

Always be ready for unexpected changes and new opportunities. Plan your business ahead with our Business Financial Management capabilities, integrated in OCBC Velocity.

*Free with your OCBC business account

Learn more
Ready to apply?

Open your Foreign Currency Call Account with us today

Apply Online
FAQS
Common questions
When will my incoming funds (inward telegraphic transfer) be credited (deposited) into my account?

If your incoming funds (inward telegraphic transfer) is one of the available currencies and is enabled in your account, funds will be credited immediately.

If the incoming funds (inward telegraphic transfer) is one of the available currencies but not enabled in your account, the currency will be automatically enabled. It will take T+2 days for the currency to be enabled before any deposit can take place.

What will happen if I have incoming funds (inward telegraphic transfer) that is not one of the available currencies?

These funds will automatically be deposited into USD. USD will be enabled if you do not already have it enabled.

If I already have an existing OCBC business account, can I open another account (subsequent account) for my business?

Yes, you can open a subsequent account to serve your business needs such as receiving of funds in different currency or segregating of transactions for better financials management.

If you are a sole proprietor or single director of the company, you can apply for a subsequent account via OCBC Velocity. Find out more.

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