Foreign Currency Call Account

An account that earns you interest
on your foreign currencies



Earn interest with the following currencies:

  • Australian Dollar
  • Canadian Dollar
  • Great Britain Pound
  • Hong Kong Dollar
  • Japanese Yen
  • New Zealand Dollar

Eligibility

  • All businesses registered in Singapore
  • For all other businesses, please apply for the Business Foreign Account
  • All businesses registered in Singapore
How to apply

Initial deposit, min. balance and fees

Initial deposit & minimum balance

Currency Initial depositMinimum day end balance to earn interest
AUD10,00010,000
CAD25,00025,000
CHFN.A.N.A.
EURN.A.N.A.
GBP5,0005,000
HKD500,000500,000
JPY1,000,0001,000,000
NZD10,00010,000

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 and EUR). 

The following service fee will apply for CHF and EUR :

Monthly average balance

Service fee

CHF25,000 and below Waived
Above CHF25,000 2.5%p.a. for a monthly average balance in excess of CHF 25,000
EUR25,000 and below        Waived
Above EUR25,000 0.5%p.a. for a monthly average balance in excess of EUR25,000       
 

Account set-up fee (one-time)

Applicable for CHF, EUR and JPY accounts only.

CHF500/EUR500

JPY65,000 (for accounts opened from 1 April 2016)


Download full fees & charges guide



+ Show more details



Interest rates

Interest rates vary based on currency.

Interest rate applicable for AUD and GBP Business Call Accounts is OCBC published board rates less 0.5%pa. The minimum is 0%pa.

View all rates



Velocity@ocbc (business internet banking)

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

Velocity@ocbc details

OCBC Business Mobile Banking

  • Quick access with OCBC OneTouch™
  • Comprehensive overview on your account information in real time

OCBC 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.