Yes. You will need to add MYR as a currency to your GSA/PGSA via your OCBC app.
OCBC GLOBAL SAVINGS ACCOUNT/PREMIER GLOBAL SAVINGS ACCOUNT
Be ringgit-ready for every trip to Malaysia
Spend seamlessly & earn interest on Ringgit savings with OCBC Global Savings Account (GSA) or Premier Global Savings Account (PGSA) for Premier Banking clients.
WHY OCBC GSA/PGSA
Before your trip
Get ringgit-ready
- Set Rate Alerts for your desired exchange rate
- Convert to MYR at your preferred rate
- Skip the trip to the money changer
During your trip
Spend seamlessly
- Pay using your linked OCBC Debit Card in Malaysia with no foreign currency transaction fees
- Enjoy fee-free MYR withdrawals at OCBC and other bank ATMs in Malaysia. Fees may apply at non-bank ATMs
- Tip: Before you travel, enable ATM withdrawals in the OCBC app
After your trip
Grow your savings
- Earn 1.00% a year interest* on your MYR savings till 30 June 2027
- Keep your Ringgit in your account for your next trip
Promotional rate
Why settle for a travel wallet
See how the OCBC GSA/PGSA goes beyond travel spending, with a wallet limit of up to MYR 50,000 to help you manage your Ringgit before, during and after every trip.
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Please note that DuitNow transactions cannot be debited directly from your GSA/PGSA.
GET STARTED WITH THE OCBC GSA/PGSA
Here’s how you can add MYR currency:
How to link your debit card to your OCBC GSA/PGSA
BEFORE YOU APPLY
Eligibility requirements
Minimum age
18 years old
Documents required
NRIC and an image of your signature for Singaporeans and Singapore PRs
Passport and a valid pass (e.g. Employment Pass (EP) or S-Pass or Student Pass) for foreigners
Malaysian citizens with no valid pass or on short term visit passes in Singapore are not eligible
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
Maximum deposit balance
MYR 50,000
Minimum end balance required daily to earn interest rate
MYR 1
Statement
Monthly statements
e-Statement only
Letters
You will receive electronic versions of Letters for all your relationships/accounts.
Important notices
Ways to apply
Open your OCBC Global Savings Account today
or visit us at a branch with these documents.
FAQs
Common questions
If I already have a GSA/PGSA, do I need to take additional steps to hold MYR balances in my GSA/PGSA?
What happens if I have insufficient MYR funds in my GSA/PGSA when making a debit card payment?
If there are insufficient funds in your MYR GSA/PGSA, the funds will be deducted from your SGD-denominated account instead, and a foreign exchange admin fee of 3.25% will apply. If there is no SGD account linked to the debit card, or the SGD linked account does not have sufficient funds, the transaction will be unsuccessful.
Can I open a GSA/PGSA if I am a Malaysian citizen?
Yes. Malaysian citizens who are Singapore Permanent Residents (PRs) or FIN-holders^ can open a GSA/PGSA. However, Malaysian citizens on short-term visit passes are not eligible to open a GSA/PGSA.
^FIN-holders refer to holders of an Employment Pass, S Pass, Long-Term Visit Pass or Student Pass.
Can I transfer my MYR balance to another account?
You can convert MYR directly to any other currency you hold, such as USD or AUD. When transferring funds out of your MYR wallet, the MYR will first be converted to SGD based on the prevailing exchange rate. Transfers to another person's GSA/PGSA or to external bank accounts are currently not supported.
Can I transfer my MYR funds in GSA/PGSA to a Malaysian bank account?
No. You are unable to transfer your MYR funds in your GSA/PGSA to a Malaysian bank account at this time.
Can I receive MYR funds into my account from external sources?
No. You are only able to fund your MYR GSA/PGSA using funds from your own accounts with OCBC Singapore.
Can I withdraw MYR from ATMs in Malaysia using my GSA/PGSA, and are there any withdrawal limits or foreign exchange conversion fees?
Yes, you can withdraw Malaysian Ringgit (MYR) from any bank ATMs in Malaysia using your linked OCBC debit card. If you have sufficient MYR funds in your GSA/PGSA, the withdrawal will be deducted directly from your MYR balance, and no foreign exchange conversion fee will apply. If you do not have enough MYR in your GSA/PGSA, the amount may be deducted from your linked SGD account instead. In this case, a foreign exchange administration fee of 3.25% may apply. ATM withdrawal limit follows your daily debit card withdrawal limit or the balance of your MYR GSA/PGSA, whichever is lower. This is a shared limit for all transactions made with the debit card.
Please note that the ATM operator may also charge an additional ATM service fee. Fees may apply at non-bank ATMs.
Are there additional fees to utilise ATMs operated in Malaysia?
An additional service charge, which may vary from operator to operator, may be imposed by ATMs in Malaysia operated by non-banks.
Are MYR funds available for joint account GSA/PGSAs?
Holding MYR funds in your GSA/PGSA is currently only available for single name GSA/PGSA accounts (capped at one account per customer).
Is there a minimum or maximum conversion amount I can convert?
The minimum conversion amount is SGD 1 to the equivalent amount of MYR. You can convert up to MYR 50,000, subject to a maximum cap of MYR 50,000 balance on the account.
How quickly does MYR conversion take place (real-time or delayed)?
The conversion takes place in real time and is available 24/7.
What fees or charges are there to take note of?
There are no additional fees or charges for adding MYR to your GSA/PGSA.
For OCBC customers
Have a current/savings account with us? Open a Global Savings Account instantly via the OCBC app.
Or do so in only a few clicks via Internet Banking.
or
For new customers
To apply online, first open a 360 Account or another current/savings account with us. Alternatively, open a Global Savings Account at an OCBC branch.
Foreign Currency Deposits
Foreign currency deposits are subject to exchange rate fluctuations that may provide opportunities and risks. Earnings on foreign currency deposits would be dependent on the exchanges 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 deposit 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.
Scan to open a
Global Savings Account
1
For Singaporeans and Singapore PRs:
NRIC and an image of your signature
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
$500,000 for JPY currency
3
Include any one of the following documents:
Phone bill
Half-yearly CPF statement
Any bank statement