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A non-interest bearing current account that offers free online banking (S2B) against an average balance of US$10,000 equivalent

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Non USD Foreign Currency
Non USD Foreign Currency

A non-interest bearing current account that offers free online banking (S2B) against an average balance of US$10,000 equivalent

Non USD Foreign Currency Account

A non-interest bearing current account available in major currencies. This account offers free online banking (S2B) with an average balance of US$10,000 or equivalent.

Features

Eligibility & Documents

Eligibility

  • Minimum Initial Deposit
    • Equivalent of US$10,000
  • Foreign Currency Account
    • Minimum initial deposit of US$ 10,000 or the equivalent in AUD, CHF, EUR, GBP, HKD, NZD or THB
    • Minimum monthly average balance of US$ 10,000 or the equivalent in AUD, CHF, EUR, GBP, HKD, NZD or THB
  • Early Account Closure fees (within 6 months of opening)

    S$500

Documents Required

  • Business Account Opening Form
  • Photocopy of NRIC or Passport of:
    • At least 2 directors (including Managing Director),
    • All Principal Shareholders (with 10% or more), and
    • All signatories  (Director),
    • All Principal Shareholders (with 10% or more), and
    • All signatories
  • Company Memorandum of Articles of Association (M&A)

Terms & Conditions

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.