Foreign Currency Call Account

An account that earns you interest
on your foreign currencies



Eligibility

How to apply

Initial deposit, min. balance and fees

Initial deposit & minimum balance

Currency Initial deposit Minimum day end balance to earn interest
AUD 10,000 10,000
CAD 25,000 25,000
CHF N.A. N.A.
EUR N.A. N.A.
GBP 5,000 5,000
HKD 500,000 500,000
JPY N.A. N.A.
NZD 10,000 10,000

Fees & Charges

Monthly service fee

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). 

The following service fee will apply for CHF, EUR and JPY :

Monthly average balance

Service fee

CHF 25,000 and below Waived
Above CHF 25,000 2.5%p.a. for a monthly average balance in excess of CHF 25,000
EUR 25,000 and below        Waived
Above EUR 25,000 0.5%p.a. 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%p.a. 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


Download full fees & charges guide



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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.


Velocity@ocbc (business internet banking)

  • Access your account information
  • Make payments and collections
  • Manage your trade activities

Velocity@ocbc details

Business Mobile Banking

  • Quick access to your account balances with just one touch of your fingerprint
  • Make payments and approve transactions on the go

Business Mobile Banking details

eAlerts@ocbc

Be alerted via SMS or email for

  • Account balances and transactions
  • Incoming and outgoing funds
  • Funds top-up
  • Trade transaction status
  • Free for first 3 months

eAlerts@ocbc details



Foreign currency transfers

Transfer money overseas or in foreign currency with demand draft at a lower cost, or choose telegraphic transfer for faster processing.

Cheque deposit boxes (outside branches)

Get greater convenience of depositing your cheques at selected petrol stations and industrial parks across the island.
See map view
See list



Daily cheque collection and same-day processing

Let OCBC handle your cheque collection by receiving cheques at your designated post office box for same-day processing.

Accept card payments

Partner with OCBC as a merchant. We process your Visa and MasterCard transactions with competitive fees and quick payment service.

Receive scheduled GIRO payments

Set scheduled payments from your customers’ account via interbank GIRO direct debiting.



How to apply?

CALL OR SMS US AT (65) 9662 3622

with your name & company name to make an appointment

Please bring along your initial deposit and business documents.


Terms and Conditions apply.
Account opening is subject to bank's approval

 

Important notice

Foreign currency deposit

Foreign currency deposit

Where applicable, the Bank will pay interest at its prevailing interest rate for the relevant account calculated on daily balances (excluding late cheque deposits). Interest will be credited at such intervals as determined solely by the Bank from time to time. No interest will be paid if the daily balance falls below the prescribed minimum as may be determined by the Bank from time to time for that account.

Foreign currency investments or deposits are subject to inherent exchange rate fluctuations that may provide opportunities and risks. Earnings on foreign currency investments or deposits would be dependent on the exchange rates prevalent at the time of their maturity if any conversion takes place. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency investment is suitable for you in the light of your investment objectives, financial means and risk profile. Any pre-termination costs will be deducted from your deposit.