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Corporate Multi-Currency Account

1 account, 10 currencies

Corporate Multi-Currency Account

1 account, 10 currencies

    At a Glance
    DBS Corporate Multi-Currency Account is an efficient and cost-effective solution for you to maintain balances and perform transactions in different currencies.
    currencies

    1 account, 10 currencies

    Manage your Indian Rupee and up to 9 foreign currencies in separate wallets under one account

    currencies

    Efficient and cost-effective

    Avoid currency conversions when transacting and save on administrative costs with just one account for multiple wallets

    Account Features

    Simple to open

    Each supported EEFC (Exchange Earners' Foreign Currency) account will be automatically created when the funds are received

    location

    Real time tracking

    Automatic linkage of new currencies on DBS IDEAL for transaction initiation and reporting

    Contact Us

    Schedule a callback via this online form.

    Alternatively, you can reach us at 1800 103 6500 / 1800 419 9500

    Email: [email protected]

    FAQs
    What are the currencies offered under Corporate Multi-Currency Account?

    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.
    Can I choose a currency other than INR to be charged for Fall Below Fee and Annual Account Service Fee?

    No, all fees and charges pertaining to the account will be charged in INR.
    When will a currency under a Corporate Multi-Currency Account be activated?

    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:

    a) You receive funds in that foreign currency;
    b)  We make available to you certain facility or service or in any other case where we deem is necessary or desirable for that foreign currency to be added.
    Can I request the Bank not to activate certain currencies under a Corporate Multi-Currency Account?

    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.
    Can I view all currencies under a Corporate Multi-Currency Account in my account statement?

    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.
    Can I view all currencies of a Corporate Multi-Currency Account on DBS IDEAL?

    Yes. Please ensure that you have access to DBS IDEAL for your Corporate Multi-Currency Account. All currencies activated will be added automatically for viewing and/or transacting in DBS IDEAL.
    Can I close certain currencies under a Corporate Multi-Currency Account?

    No, once added to the Multi-Currency Account, each individual currency cannot be closed unless the entire Multi-Currency Account is closed.

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