Foreign Currency Current Account - Product Benefits

Product Benefits | Eligibility and Requirement | Fees

Enjoy the convenience of an interest paying chequeing facility available in 13 currencies.

Product Benefits

• Choice of different currencies: Flexibility to transact in any of the 13 foreign currencies
• Monthly statements: For ease of reference and monitoring
• Many ways to access funds: Multiple ways to deposit and withdraw money* from your account using cheques, demand drafts, traveller's cheques or via remittances services
• Auto-cheque mailing: You'll never run out of cheques as a new cheque book will be automatically sent to you each time when you are down to your last few cheques (except for RMB account).
• Option to add an overdraft to your account: Use your DBS/POSB Fixed Deposit as collateral to apply for an overdraft facility at a competitive rate. You may use the overdraft facility to purchase foreign currency denominated shares, foreign currency Initial Public Offerings (IPOs) or make other investments.

* Deposits into and withdrawals from RMB Foreign Currency Current Account must be made using another currency with Foreign Exchange conversion.
Inward and Outward Telegraphic Transfer could be made into the RMB Foreign Currency Current Account from 21 February 2011. Outward Telegraphic Transfer can only be made to bank accounts in Hong Kong.