Accounts

Corporate Multi-Currency Account

1 Account, 11 Currencies

The DBS Corporate Multi-Currency Account (MCA) is a single account with which you can manage up to 11 currencies. It is an efficient and cost-effective solution for you to maintain balances and perform transactions in different currencies.

Ease of account management

Ease of account management – Only one account number to be maintained for managing up to 11 currencies.

Pioneer move among foreign banks in China

Pioneering solution – DBS is the first foreign bank in China to offer MCA to manage transactions in different currencies.

Real time visibility

Real time visibility – Automatic linkage of currency wallets in DBS IDEAL™ for transaction initiation and reporting.

FAQs

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

The 11 currencies offered are AUD, CAD, CHF, CNY, EUR, GBP, HKD, JPY, SGD, NZD, USD.

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

Yes, you can view all the created currencies under a MCA in your monthly statement. It will contain balances and transaction details for all currencies activated 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, a wallet cannot be closed unless the entire Multi-Currency Account is closed.

How will interest payments and charges be done?

They will be independently calculated for each currency wallet under a Multi-Currency Account based on our prevailing interest rates applicable to each relevant currency.

Awards

Awards we have won recently
Star of Innovation in Payments – Global Banking Stars of China Awards

Star of Innovation in Payments – Global Banking Stars of China Awards

2019
Best Bank for Cash Management, China

Best Bank for Cash Management, China

2019
Best Service Provider – E-solutions Partner in China

Best Service Provider – E-solutions Partner in China

2019
Best Transaction Bank in Asia

Best Transaction Bank in Asia

2019
View All

 

How do I apply?

Simply call us at 400 820 8988 (or +86 400 820 8988 if you're overseas) or visit any of our Branches. You may also email us and our Relationship Manager will contact you as soon as possible.

 

Disclaimer: 

The information provided in this website is for general information only and nothing contained in this website constitutes an invitation, offer or solicitation with respect to the entry into transactions mentioned in this website or subscription, purchase or sale of any products, services, securities or other financial instruments mentioned in this website or the taking of any position or the adoption of trading strategy in respect of any asset class (eg. currency, interest rate, commodity, equity etc). The information provided in this website is not provided with regard to the specific investment objectives, financial situation and the particular needs of any particular person who accesses this website.

 

The information provided on this website is subject to change without notice, its accuracy is not guaranteed, and it may be incomplete or condensed. Accordingly, no representation or warranty, express or implied, is made as to the accuracy, completeness or fairness of the information in this website. We are not acting as your advisor or agent when providing the information in this website. The information in this website does not purport to identify the risks (direct or indirect) or other material considerations which may be associated with you entering into a particular transaction, subscribing for a particular service or purchasing or selling a particular security or financial instrument. Prior to entering into any proposed transaction or entering into any subscription, purchase or sale of any security or financial instrument, you should determine (after consultation with your own advisors if you deem fit), without reliance upon us or our affiliates, the economic risks and merits, as well as the legal, tax, accounting or other material characterisations and consequences of the transaction, subscription, purchase or sale, as the case may be, and that you are able to assume these risks.

 

We, and/or our affiliates, may hold, or trade, or act as market-maker, in any securities or other financial instruments mentioned in this website or related derivatives or may take positions or use trading strategies in respect of any asset class similar to or which differ from or be contrary to those mentioned in this website.  We, and/or our affiliates conduct many businesses and activities that may relate to issuers of third party securities mentioned in this website and may provide broking, banking and other financial services to such issuers.

 

Anyone receiving or accessing this website must make their own assessment of the materials herein and conduct such investigations and seek such professional advice as they think fit for such purpose.  The information provided on this site should not be regarded by recipients as a substitute for the exercise of their own judgment.

 

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