Foreign Currency Deposit
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- Choice of Major Global Currencies – USD, GBP, & AUD
- Initial deposit of $1,000 in respective currency
- Non Interest Bearing account
- Low initial balance to open accounts
- Low average monthly balance to maintain the account
- Deposit and withdraw foreign currencies in Cashier's Order (only for USD) or telegraphic transfers
- Individuals of the age of 21 years and above
- Singaporean / Singapore Permanent Residents / Foreigners
| Particulars | USD | GBP | AUD |
|---|---|---|---|
| Fall Below Fees | 10 | 10 | 10 |
| Early Account Closure* *(within 6 Months of Account Opening) |
50 | 50 | 50 |
Documents to be submitted along with the application form (originals to be produced for face to face verification)
- Singaporeans / Permanent Residents:
- Photocopy of NRIC, both sides (The NRIC should have latest address of the applicant)
- Non – Singaporeans
- Photocopy of Passport and
- Photocopy of Employment Pass / Work Permit / Dependant Pass and
- Document proof of address (i.e. utility bill, driving license etc.), if not same as in Employment Pass / Work Permit / Dependant Pass