- Personal Banking
- Accounts
- Global Savings Account
Access up to 10 major currencies in one account
- Why you will love this
- Who can apply
Why you will love this
Make transactions in 10 currencies – AUD, CAD, CNH, CHF, EUR, GBP, NZD, USD, JPY and HKD – with 1 account
No foreign currency transaction fee when you use an OCBC debit card
Lock in your desired FX rates with FX Auto-execute orders on OCBC Digital
Who can apply
Anyone above 18 (if not a Singaporean or Singapore PR, you must have a valid pass)
Apply online
Save, spend and accumulate foreign currency with no admin fees - all in one account.
Benefits
Instant account opening
Open an account instantly via OCBC Mobile/Internet Banking or at any of our branches.
Attractive rates for 10 major currencies, 24/7
Enjoy $0 admin fee and no fall-below-charge. Get real-time notifications on your desired FX rates using Rate Alerts and lock them in with Auto-execute orders.
No admin fees
Opening an account? You will be prompted to link an OCBC debit card (if you have one) to it. Do so to make foreign currency transactions for free.
Worldwide cash withdrawal
Withdraw cash for free from any OCBC ATM overseas. Foreign exchange admin 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% | 0.05% | 0.08% | 0.15% |
| Currency |
| Chinese Yuan Offshore (CNH) |
The interest rates stated here are subject to change without prior notice.
Existing accounts with CAD, CHF, EUR, GBP, JPY and HKD do not earn any interest.
PROMOTION
Get rewarded with S$15 in cash
Skip FX fees when you spend overseas or online with an OCBC debit card. From now till 31 Dec 2023, get S$15 in cash when you convert at least S$500 into a foreign currency* and link your OCBC debit card to the Global Savings Account.
*Currencies include AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD and USD. You must set the Global Savings Account as the crediting account. If you don’t have one, you will be prompted to open an account instantly upon your first FX conversion within the OCBC Digital app. Terms and conditions apply.
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
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
- AUD5,000
- CAD5,000
- CNH5,000
- EUR5,000
- GBP5,000
- NZD5,000
- USD5,000
- HKD50,000
- JPY500,000
Minimum end balance required daily to earn interest rate
- AUD5,000
- CAD5,000
- CNH5,000
- EUR5,000
- GBP5,000
- NZD5,000
- USD5,000
- HKD50,000
- JPY500,000
Statement
Monthly statements
Paper or e-Statement
Letters
You will receive electronic versions of Letters for all your relationships/accounts.
Terms and conditions
Terms and conditions governing Deposit Accounts
Terms and conditions governing Electronic Banking Services
Terms and conditions governing OCBC Electronic Statements
Terms and conditions governing OCBC FX Online 2 Promotion 2023
Important notices
Fees and charges
Foreign Currency Deposits
banking services
banking services
ways to apply
Open your OCBC Global Savings Account today
Apply online
or visit us at a branch with these documents.
Locate a branch
FAQs
Common questions
How do I add another currency to my Global Savings Account?
- Log in at ocbc.com/login.
- Go to ‘What you have (Assets)’ – and put your cursor over the Global Savings Account option.
- Select ‘Add currency’.
- 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:
- There are insufficient funds in the relevant foreign currency in your Global Savings Account; or
- 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 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
- For new customers
- For OCBC customers
For new customers
Open your account instantly when you apply with Myinfo via Singpass login.
If you do not have Singpass, you can apply online with these documents
For Singaporeans and Permanent Residents:
NRIC and an image of your signature
Additional documents
Include any one of the following documents:
- Phone bill
- Half-yearly CPF statement
- Any bank statement
Fill application form
Apply with Myinfo
or
For OCBC customers
If you have a current or savings account with us, you can apply instantly via Internet Banking with only a few clicks.
Log in to Internet Banking
Please download OCBC Mobile Banking app
Alternatively, you may log in to OCBC Digital via desktop
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.
Promotional interest rate
| Currency | Tenure (months) | Apply via |
| Singapore Dollar (SGD) | 12 | Internet Banking Mobile Banking |
Attractive real-time exchange rates
The online foreign exchange function is only available between 8am on Monday and 11.59pm on Friday.
On weekends, you will see an estimated foreign exchange rate when you set up any foreign exchange transaction involving SGD or USD. If you decide to make the transaction, we will process it the next working day at the prevailing foreign exchange rates.
Worldwide cash withdrawal
- If you withdraw AUD, CAD, CHF, EUR, GBP, NZD, USD, JPY or HKD in the country that the currency is denominated in, you will not incur any foreign exchange admin fee.
- If you withdraw other currencies – for example, Indonesian Rupiah (IDR) at OCBC-NISP ATMs – foreign exchange admin fees will apply.
- View the list of fees for withdrawing at ATMs overseas.
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As a financial expert with extensive knowledge of personal banking and global savings accounts, let me dive into the key concepts and features outlined in the provided article about the OCBC Global Savings Account.
Overview of OCBC Global Savings Account:
The OCBC Global Savings Account is a versatile banking solution that allows users to access up to 10 major currencies in a single account. It caters to individuals looking to save, spend, and accumulate foreign currency with added convenience and benefits.
Key Features:
1. Multi-Currency Transactions:
- Users can make transactions in 10 major currencies: AUD, CAD, CNH, CHF, EUR, GBP, NZD, USD, JPY, and HKD.
- No foreign currency transaction fees are charged when using an OCBC debit card for transactions.
2. FX Auto-Execute Orders:
- Lock in desired FX rates with FX Auto-execute orders on the OCBC Digital platform.
3. Account Opening:
- Instant account opening is available through OCBC Mobile/Internet Banking or at any branch.
4. Attractive Rates and Notifications:
- Enjoy attractive rates for the 10 major currencies, 24/7.
- Receive real-time notifications on desired FX rates using Rate Alerts and lock them in with Auto-execute orders.
- No admin fees or fall-below charges.
5. Worldwide Cash Withdrawal:
- Withdraw cash for free from any OCBC ATM overseas. Foreign exchange admin fees may apply.
6. Interest Rates:
- Interest rates vary based on currency and deposit amounts. Existing accounts with certain currencies do not earn interest.
Promotion:
- Users can get rewarded with S$15 in cash and skip FX fees when spending overseas or online with an OCBC debit card.
- The promotion is valid until December 31, 2023, and requires converting at least S$500 into a foreign currency and linking the OCBC debit card to the Global Savings Account.
Eligibility and Requirements:
- Anyone above 18 can apply, and non-Singaporeans or Singapore PRs must have a valid pass.
- Documents required include NRIC, passport, and a valid pass for foreigners.
- Minimum initial deposit and daily end balance requirements for various currencies.
Fees and Statements:
- No fall-below fee.
- Monthly statements are available in paper or electronic format.
How to Apply:
- Apply online through OCBC Mobile/Internet Banking or visit a branch.
- Eligibility requirements include age and necessary documents for Singaporeans, PRs, and foreigners.
FAQs:
- Common questions addressed, such as adding currencies, linking debit cards, payment issues, and FX transfer limits.
Additional Services:
- OCBC Money Lock is mentioned as a service to lock funds in the account for protection against scams.
Important Notices and Terms:
- Various terms and conditions govern deposit accounts, electronic banking services, FX promotions, and more.
Conclusion:
The OCBC Global Savings Account offers a comprehensive solution for individuals seeking flexibility and efficiency in managing multiple currencies. With features like real-time notifications, worldwide cash withdrawal benefits, and a promotional offer, it aims to provide a seamless and rewarding banking experience. Prospective applicants should carefully review eligibility criteria, fees, and terms outlined in the provided information before applying.
