1 account, 10 currencies
The DBS Corporate Multi-Currency Account (MCA) is a single account with which you can manage up to 10 currencies. It is an efficient and cost-effective solution for you to maintain balances and perform transactions in different currencies.
Ease of account opening and management – Each supported EEFC (Exchange Earners' Foreign Currency) will be automatically created when the funds are received
Reduce currency conversion costs – Make foreign currency payments from respective currency subject to funds availability and leverage offsetting flows in the same currency. You will also have additional flexibility in managing currency conversions at your own schedule
Real time visibility – Automatic linkage of new currencies in DBS IDEAL™ corporate internet banking for transaction initiation and reporting
The 10 currencies offered are INR, SGD, USD, AUD, CAD, HKD, GBP, CHF, EUR, and JPY. INR will be offered as the default currency when the account is opened.
No, all fees and charges pertaining to the account will be charged in INR.
If you open a Multi-Currency Account, INR will be automatically added under this account. A new foreign currency may be added under this account when:
Yes, you may opt-out of any currency, except INR. You will need to indicate the same in the first section of the Application Form or submit a request letter to us.
Yes, you will receive an all-in-one MCA statement. It will contain balances and transaction details for all currencies activated, together with respective indicative FX to INR for your reference.
No, once added to the Multi-Currency Account, each individual currency cannot be closed unless the entire Multi-Currency Account is closed.
How do I apply?
For more information on our products and services, please contact DBS BusinessCare (BusinessCareIN@dbs.com) or call us on 1800 419 9500 /1800 103 6500 / +91 44 4334 6600 (10:00 am to 7:00 pm Mon - Fri excluding Public Holidays). Alternatively, please speak with your relationship manager.