- Personal Banking
- Accounts
- USD Current Account
Transact in USD seamlessly through cheques and bank transfers
- Why you will love this
- Who can apply
Why you will love this
Issue cheques wherever you need
Manage all your USD transactions in a single account
Keep your day-to-day USD transactions separate from your savings account
Who can apply
Anyone above 18 years old
Singaporean, Singapore PR or foreigner with a valid pass
A convenient way to pay, transact and issue cheques in US dollars, all within one account.
This is a non-interest bearing account.
before you apply
Eligibility requirements
Minimum age
18 years old
Documents required
NRIC and an image of your signature for Singaporeans and Singapore PRs
Passport and a valid pass (e.g. Employment Pass (EP) or S-Pass or Student Pass) for foreigners
Additional document
Include any one of the following documents that shows your residential address
- Phone bill
- Half-yearly CPF statement
- Any bank statement
Fees
Fall below fee
US$10
Exchange rate
Deposit in foreign currency notes is subject to minimum 1% commission-in-lieu of exchange
This fee is not applicable for deposits in S$
Deposit requirements
Initial deposit
US$1,000
Minimum average daily balance for the month
US$1,000
Statement
Monthly statements
Paper or e-Statement
Letters
You will receive electronic versions of Letters for all your relationships/accounts.
Important notices
Foreign Currency Deposits
ways to apply
Open your USD Current Account today
or visit us at a branch with these documents.
1
For Singaporeans and Singapore PRs:
NRIC and an image of your signature
For foreigners:
Passport
Employment Pass (EP); or S-Pass or Student Pass
2
Initial deposit:
US$1,000
3
Include any one of the following documents:
Phone bill
Half-yearly CPF statement
Any bank statement
- For OCBC customers
- For new customers
For OCBC customers
You will receive your account number and Online Banking access within 1 working day.
or
For new customers
Apply at a branch with these supporting documents
For Singaporeans and Singapore PRs:
- NRIC
For foreigners:
- Passport
- Employment Pass (EP); or S-Pass or Student Pass
Initial deposit:
- US$1,000
Additional documents
Include any one of the following documents:- Phone bill
- Half-yearly CPF statement
- Any bank statement
Foreign Currency Deposits
Foreign currency deposits are subject to exchange rate fluctuations that may provide opportunities and risks. Earnings on foreign currency deposits would be dependent on the exchanges rates prevalent at the time of their maturity if any conversion takes place. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency deposit is suitable for you in the light of your investment objectives, financial means and risk profile. Any pre-termination costs will be deducted from your deposit.
Promotional interest rate
| Currency | Tenure (months) | Apply via |
| Singapore Dollar (SGD) | 12 | Internet Banking Mobile Banking |
