Global Savings Account

Access up to 8 major currencies in one account

Why you will love this

Make transactions in 8 major currencies (AUD, CAD, CNH, EUR, GBP, NZD, USD, HKD) with just one account

Zero conversion fees for foreign currency transactions with OCBC Debit Cards

Transfer funds at competitive exchange rates

Who can apply

Anyone above 18 (if not a Singaporean or Singapore PR, you must have a valid pass)

 

Unlock higher interest on your CNH deposits Enjoy up to 1.01% a year on your incremental balances

Benefits
Instant account opening

Instant account opening

Open an account in seconds with the OCBC Mobile Banking app.

Attractive real-time exchange rates

Attractive real-time exchange rates

Make foreign exchange funds transfers at competitive rates from Monday to Friday.

No conversion fees

No conversion fees

Use any OCBC debit card to make transactions in AUD, CAD, EUR, GBP, HKD, NZD and USD – no fees will be incurred.

If you have an existing debit card, you can link it to your account.

Worldwide cash withdrawal

Worldwide cash withdrawal

Withdraw cash for free from any OCBC ATMs overseas. Foreign exchange conversion fees may apply.

rates
  • Currency
  • Next $250,000
  • Next $650,000
  • $1,000,000 and above
Currency First $100,000 Next $250,000 Next $650,000 $1,000,000
and above
Australian Dollar
(AUD)
0.01% 0.01% 0.02% 0.02%
New Zealand Dollar
(NZD)
0.01% 0.01% 0.02% 0.02%
United States Dollar
(USD)
0.01% 0.01% 0.02% 0.02%
Currency
Australian Dollar
(AUD)
New Zealand Dollar
(NZD)
United States Dollar
(USD)
  • Currency
  • Next $1,500,000
  • Next $3,000,000
  • $5,000,000 and above
Currency First $500,000 Next $1,500,000 Next $3,000,000 $5,000,000
and above
Chinese Yuan Offshore
(CNH)
0.01% 0.01% 0.01% 0.01%
Currency
Chinese Yuan Offshore
(CNH)

The interest rates stated here are subject to change without prior notice.
New accounts are no longer offered for JPY and CHF currencies. Existing accounts with CAD, CHF, EUR, GBP, HKD and JPY do not earn any interest.

Promotion
  

Limited period

Top up with CNH deposits to enjoy up to 1.01% a year on incremental balances

To enjoy the following bonus interests, simply deposit a minimum of CNH 500,000 into your Global Savings Account and enrol online or visiting our branches or Premier Centres.

Promotion ends 31 March 2021. Terms and conditions apply.

  • Prevailing Interest Rate per year
  • Bonus interest per year on incremental balances
    (Nov 20 vs Oct 20 | Dec 20 vs Oct 20 | Jan 21 vs Oct 20 | Feb 21 vs Oct 20 | Mar 21 vs Oct 20)
  • Total interest earned per year
Prevailing Interest Rate per year 0.01%
Bonus interest per year on incremental balances
(Nov 20 vs Oct 20 | Dec 20 vs Oct 20 | Jan 21 vs Oct 20 | Feb 21 vs Oct 20 | Mar 21 vs Oct 20)
1.00%
Total interest earned per year 1.01%
Prevailing Interest Rate per year
Bonus interest per year on incremental balances
(Nov 20 vs Oct 20 | Dec 20 vs Oct 20 | Jan 21 vs Oct 20 | Feb 21 vs Oct 20 | Mar 21 vs Oct 20)
Total interest earned per year
before you apply

Eligibility requirements

Minimum age

18 years old

Documents required

NRIC for Singaporeans and Singapore PRs

Passport and a valid pass (e.g. Employment Pass (EP) or S-Pass or Student Pass) for foreigners

Additional document

Include any one of the following documents that shows your residential address

  • Phone bill
  • Half-yearly CPF statement
  • Any bank statement


Fees

Fall below fee

S$0


Deposit requirements

Initial deposit

$5,000 for AUD, CAD, CNH, EUR, GBP, NZD, USD currencies

$50,000 for HKD currency

Minimum end balance required daily to earn interest rate

$5,000 for AUD, CAD, CNH, EUR, GBP, NZD, USD currencies

$50,000 for HKD currency


Statement

Monthly statements

Paper or e-Statement




ways to apply

Open your OCBC Global Savings Account today

FAQs
Common questions
How do I add another currency to my Global Savings Account?
  1. Log in at ocbc.com/login.
  2. Go to ‘What you have (Assets)’ – and put your cursor over the Global Savings Account option.
  3. Select ‘Add currency’.
  4. Select the currency you wish to add and follow the instructions.
How many Global Savings Accounts can I link to my debit card?

Each debit card can be linked to only one Global Savings Account. Once you link your debit card to a Global Savings Account, you can use it to make purchases in the foreign currencies held in the Account.

Learn more about linking a debit card to your Global Savings Account.

I paid using the debit card linked to my Global Savings Account. Why has the amount been charged to my SGD Account instead?

Your SGD account and Global Savings Account might be linked to the same debit card. If that is the case, payment will be charged to your SGD account if:

  1. There are insufficient funds in the relevant foreign currency in your Global Savings Account; or
  2. You do not hold the relevant foreign currency in your Global Savings Account.

Learn more about using a debit card linked to your Global Savings Account.

What is the minimum and maximum value of a foreign exchange (FX) funds transfer that I can make online?

The minimum amount that you can transfer from your SGD account to the Global Savings Account is the equivalent of SGD100.

The minimum amount of currencies that you can transfer between accounts – excluding SGD-related exchanges – is the equivalent of USD100.

The maximum amount that you can transfer from your SGD account to the Global Savings Account – and vice versa – is the equivalent of SGD200,000.

The maximum amount of currencies that you can transfer between accounts – excluding SGD-related exchanges – is the equivalent of USD100,000.

1
For Singaporeans and Singapore PRs:

NRIC

For foreigners:

Passport
Employment Pass (EP); or S-Pass or Student Pass

2
Initial deposit:

$5,000 for AUD, CAD, CNH, EUR, GBP, NZD, USD currencies
$50,000 for HKD currency

3
Include any one of the following documents:

Phone bill
Half-yearly CPF statement
Any bank statement

For OCBC customers

You will receive your account number and Online Banking access within 1 working day.

or

For new customers

Apply at a branch with these supporting documents  

  1. For Singaporeans and Singapore PRs:

    • NRIC

    For foreigners:

    • Passport
    • Employment Pass (EP); or S-Pass or Student Pass
  2. Initial deposit:

    • 5,000 units for AUD, CAD, CNH, EUR, GBP, NZD, USD;
    • 50,000 units for HKD
  3. Additional documents
    Include any one of the following documents:

    • Phone bill
    • Half-yearly CPF statement
    • Any bank statement