USD Current Account

Transact in USD seamlessly through cheques and bank transfers

Why you will love this

Issue cheques wherever you need

Manage all your USD transactions in a single account

Keep your day-to-day USD transactions separate from your savings account

Who can apply

Anyone above 18 years old

Singaporean, Singapore PR or foreigner with a valid pass

A convenient way to pay, transact and issue cheques in US dollars, all within one account.

This is a non-interest bearing account.

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

US$10

Exchange rate

Deposit in foreign currency notes is subject to minimum 1% commission-in-lieu of exchange

This fee is not applicable for deposits in S$


Deposit requirements

Initial deposit

US$1,000

Minimum average daily balance for the month

US$1,000


Statement

Monthly statements

Paper or e-Statement




ways to apply

Open your USD Current Account today

1
For Singaporeans and Singapore PRs:

NRIC

For foreigners:

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

2
Initial deposit:

US$1,000

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:

    • US$1,000
  3. Additional documents
    Include any one of the following documents:

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