If your incoming funds (inward telegraphic transfer) is one of the enabled currencies in your account then it will be immediate. If, however, the incoming funds (inward telegraphic transfer) is not enabled, it will take T+2 days as the currency will need to be enabled before deposit can take place.
MULTI-CURRENCY BUSINESS ACCOUNT
No fall below fee for 13 currencies with our Multi-Currency Business Account
To support businesses growing internationally, we designed our Multi-Currency Business Account that automatically enables up to 13 major currencies with no set-up fee, no paperwork and no fall below fee.
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 Financial Management
- Seamless invoice and expense management, making account receivable and account payable effortless.
- eal-time access to all your business accounts for smart cash flow forecasting.
- Simple, intuitive and stunning visualisation of your past, present and future cash flow position.
- Free for all OCBC Business Banking customers.
- Seamless invoice and expense management, making account receivable and account payable effortless.
- eal-time access to all your business accounts for smart cash flow forecasting.
- Simple, intuitive and stunning visualisation of your past, present and future cash flow position.
- Free for all OCBC Business Banking customers.
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
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
Account opening is subject to bank's approval
Fees and charges
Set up fee
NA
Initial Deposit
NA
Fall below fee
NA
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
Download business banking pricing guide
Important notices
Demand draft
Issuance of Demand draft is only available in CAD, CHF, EUR, HKD, IDR, INR, LKR, NOK, SEK, SGD, USD & ZAR.
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?
What happens if I have incoming funds (inward telegraphic transfer) in one of the available currencies but I have not enabled it?
The currency will be automatically be 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.
I am an existing customer with FCY Call Account, can I convert to the OCBC Multi-currency Business Account and keep my existing account number?
Yes, you can. You will need to have a new Board Resolution signed in order to convert. This is because the Multi-currency Business Account will automatically enable and deposit your inward telegraphic transfer into the relevant currency (if available). Plus, non-available currencies will be deposited into USD.
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