MULTI-CURRENCY BUSINESS ACCOUNT

One account for your international needs.

Why you will love this

Earn interest of up to 0.8% p.a. on your USD balance. T&Cs apply.

Earn a S$128 cash reward. Open an account and maintain S$8,888 average balance for 2 months. T&Cs apply

Trade in 13 currencies: USD, EUR, AUD, JPY, GBP, CNH, HKD, CAD, NZD, CHF, SEK, DKK, NOK

Who can apply

All businesses registered in Singapore

For other business i.e. Foreign incorporated please visit Business Foreign Account

Read in

EARN INTEREST AND MORE

Enjoy interest that scales with your balance

Earn interest rates that are applied on a tiered basis, with each rate applying only to the portion of your balance within that tier. The more you hold, the more you earn.

Portion of your balance Interest earned

First US$150,000

Next US$350,000 (above US$150,000 and up to US$500,000)

0.50% p.a.

Balances above US$500,000*

0.80% p.a.

Calculated daily. Credited monthly. No lock-in, your money stays fully accessible. Activate the interest-earning option during application to start earning when your balance exceeds US$150,000.
*Capped at US$1 million. For more information, see the full terms and conditions.

Earn interest rates that are applied on a tiered basis, with each rate applying only to the portion of your balance within that tier. The more you hold, the more you earn.

Portion of you balance Interest earned

First S$50,000

Next S$100,000 (above S$50,000 and up to S$150,000)

0.30% p.a.

Balances above S$150,000*

0.50% p.a.

Calculated daily. Credited monthly. No lock-in, your money stays fully accessible. Activate the interest-earning option during application to start earning when your balance exceeds S$50,000.
*Capped at US$1 million. For more information, see the full terms and conditions.

How to start earning interest

Here’s how you can begin:

  • Apply for a Multi-Currency Business Account online
  • Select the interest‑earning option during application
  • Start accruing interest once your balance exceeds US$150,000, subject to terms and conditions

Apply now

Here’s how you can begin:

  • Apply for a Multi-Currency Business Account online
  • Select the interest‑earning option during application
  • Start accruing interest once your balance exceeds US$150,000, subject to terms and conditions

Apply now

Unlock more value while your balance grows

Enjoy exclusive savings on payments, employee healthcare and protection when you activate interest for your Multi-Currency Business Account.

  • Get upsized cashback of 1% on qualifying foreign currency spend using the OCBC Business Debit Card
  • Reduce staff healthcare costs with subsidised GP and dental consultation rates for employees and their families
  • Enjoy up to 15% savings on selected business and employee insurance plans
  • Receive a S$100 sign up bonus with the OCBC Business Credit Card
  • Save over 70% on OCBC card terminal fees with waived setup and a reduced annual fee

Full details will be provided upon account opening. Terms and conditions apply.

Enjoy exclusive savings on payments, employee healthcare and protection when you activate interest for your Business Growth Account.

  • Get upsized cashback of 1% on qualifying foreign currency spend using the OCBC Business Debit Card
  • Reduce staff healthcare costs with subsidised GP and dental consultation rates for employees and their families
  • Enjoy up to 15% savings on selected business and employee insurance plans
  • Receive a S$100 sign up bonus with the OCBC Business Credit Card
  • Save over 70% on OCBC card terminal fees with waived setup and a reduced annual fee

Full details will be provided upon account opening. Terms and conditions apply.

Benefits

Receive or pay easily

Transact like a local with up to 13 major currencies:

USD, EUR, AUD, JPY, GBP, CNH, HKD, CAD, NZD, CHF, SEK, DKK, NOK

Save money

No initial deposit.

No set-up fee.

No fall below fee.

Cost effective and efficient

Transact directly with currency of your choice and avoid losing money due to currency conversions.

No more waiting time

Foreign currency is automatically enabled when a deposit is made to you without further paperwork.

TOOLS FOR YOUR BUSINESS

Business Internet Banking (OCBC Velocity)

  • Quick overview of your account summary, payments, collections and transaction activities.
  • Access to richer reporting to help you make informed business decisions.
  • Intuitive steps to help you get your transactions done faster and easier.

  • Quick overview of your account summary, payments, collections and transaction activities.
  • Access to richer reporting to help you make informed business decisions.
  • Intuitive steps to help you get your transactions done faster and easier.

Business Mobile Banking

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

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

PROMOTIONS

Exclusive OCBC Multi-Currency Business Account Promotion

Get perpetual waiver of your account fee
Simply open an OCBC Business Growth Account for your SGD needs together with the OCBC Multi-Currency Business Account and enjoy both with just one account fee of S$10/month

Apply now

Before you apply

Eligibility requirements

Location of business incorporation and registration
All businesses registered in Singapore
For other business i.e. Foreign incorporated, please visit Business Foreign Account
Terms and conditions
Download business account terms and conditions
*Instant account opening is only available to Singapore-registered businesses that (i) are opening their first OCBC Business Account; and (ii) are wholly owned by Singapore citizens or Permanent Residents. If your business does not meet this criteria, you may still apply online, after which the Bank will contact you to assist with the application. All applications remain subject to the Bank’s review and approval.

Fees and charges

Set up fee
NA
Initial Deposit
NA
Fall below fee
• NA
• US$50 per month if monthly average balance falls below US$150,000 (if interest rate promotion is activated)
Monthly Service fee
S$10 (Waived if you open a Business Growth Account together with the OCBC Multi-Currency Business Account)

Pricing guide

Full pricing guide and service fees

Important notices

Demand draft
Issuance of Demand draft is only available in USD.

Ready to apply?

Get your Multi-Currency Business Account today

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

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

The funds will first be converted into USD (at the rate determined by OCBC) and thereafter, the USD amount of such funds will be credited within T+2 business days.

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 via OCBC Velocity to serve your business needs such as receiving of funds in different currency or segregating of transactions for better financials management.

Does the Multi-Currency Business Account pay interest?

Yes. If you have opted in to to earn interest, balances above US$150,000 and up to US$500,000 earn 0.5% p.a. Balances above US$500,000 and up to US$1,000,000 earn 0.8% p.a. Interest is calculated daily and credited monthly. No lock-in — your money stays accessible.

How do I activate interest for the Multi-Currency Business Account?

Tick the opt-in box during your OCBC business account opening application. Balances above US$150,000 will earn interest. 

What cashback does the debit card earn?

Get a free OCBC Business Debit Card when you open a Multi-Currency Business Account. Enjoy 1% cashback on digital marketing, software, online retail and travel. If you have opted in to earn interest, you also enjoy upsized cashback on foreign currency spends of 1%. Unlimited 0.2% on everything else. No minimum spend. No annual fee.

Important notices

Foreign currency deposit

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.


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