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My Account is a digital multi-currency bank account that makes banking simple. You can save, spend, invest and tailor different banking services to meet your financial needs and bank the way you want. All the banking services you need for life.
- Multi-currency Settlement | DBS Singapore
Use your MCA funds to seamlessly trade across 7 global...
- Multi-Currency Autosave Account | DBS Bank Singapore
We aregiving you the flexibility to bank in multiple...
- Multi-currency Settlement | DBS Singapore
Use your MCA funds to seamlessly trade across 7 global markets and settle your trades easily in both local and foreign currencies. Funds are debited and credited automatically through your MCA. Up to 55% lower online trading commissions. Enjoy one of the lowest commissions on cash upfront trades in 7 key global markets.
We aregiving you the flexibility to bank in multiple currencies. Like a giant wallet, DBS Multi-Currency Autosave (MCA) is a deposit account that lets you save and transact in Singapore dollars and foreign currencies.
There is a S$20 (Business MCA) and S$40 (Business MCA Starter Bundle) charge for making these over-the-counter transactions at our branches: Manual remittance Cheque encashment
- All businesses and existing customers can open an account online. The exceptions are, Foreign companies, apply here. MCST, societies, associations...
- No documents are needed for applicants who meet our criteria for online account opening. For businesses with foreign beneficiaries, we may request...
- Try keying in your company name without 'Pte Ltd', etc. and you should be able to locate your company. Please note that if your company is newly re...
- There is a S$20 charge for making these over-the-counter transactions at our branches: Manual remittance Cheque encashment Cash deposit Cash withdr...
- Monthly account statements are available from the 3rd business day of the following month as eStatements, which you can view on DBS IDEAL online ba...
- With the DBS Business Multi-Currency Account, you can transact in SGD and 12 other currencies. Best of all, you only need to manage all these diffe...
- You can use the 50 free FAST and 50 free GIRO transactions anytime during the entire month. You can also make Bulk Payments, and Payroll transactio...
- This flat fee only covers transactions made digitally via DBS IDEAL. It does not include any applicable agent bank fees. If you make outward telegr...
- Annual account fees are debited on the anniversary of the account opening date. Transactional fees for GIRO, FAST, and TT (telegraphic transfer) tr...
- First, you need to sign up for DBS DealOnline while you're applying for your business account. Once your account is opened, you can book FX contrac...
- What Is The DBS Multi-Currency account?
- How Does It Work?
- How Good Are The DBS MCA Exchange Rates?
- DBS Multi-Currency Account Fees & Charges
- Who Would Benefit Most from DBS MCA?
In 2017, DBS launched multi-currency accounts to help customers save on their overseas spending by avoiding high foreign exchange transaction fees. This account is similar to a regular savings account: it allows you to hold and transact up to 13 currencies (including SGD) at a time and earn interest. It’s technically not the only DBS account that c...
Like a typical savings account, you can deposit and hold your money in the DBS My Account, leaving it to earn interest. The rates are nothing much though:you’ll get 0.05% on your Singapore dollar balance and between 0.03% to 0.05% on your USD balance. No other currencies earn interest. (That said, if you have the DBS Multiplier Account, any transac...
More specifically, how do the exchange rates for DBS compare with the mid-market rates that YouTrip, Revolut, and Wiseuse? Say you’re going on a family vacation and plan to exchange $10,000 for your trip. Here’s how much you get for different destinations: Bottom line:Because mid-market rates tend to be better than the rates that banks offer to ret...
By itself, the DBS MCA is free to use. Other fees may apply though. For example, if you have a linked Multiplier account, there’s a fall-below fee of $5/mo if your monthly average daily balance is below S$3,000. This fee is waived until the account holder turns 29. The DBS My Account doesn’t have a minimum balance or fall-below fee, but it does hav...
Overall, the DBS multi-currency account offers convenience due to its reputation and access to a broad local ATM network. DBS multi-currency accounts are a good option for shoppers who want the versatility to use the card locally and abroad. In a nutshell, we’d recommend the DBS MCA for: 1. Existing DBS account holders who want the convenience of h...
Multi-Currency Account (MCA) Accounts on MCA Payment Facility. Singapore Market. Save commission on Buy trades with Cash Upfront Rates and enjoy new Online Cash Rates. Remarks: ^i. Trading Fees for structured warrants and daily leverage certificates are 0.001% of traded value.
The Corporate MCA enables businesses to send and receive cross-border payments in different currencies and manage their foreign exchange costs more efficiently as incoming currencies are stored in respective e-wallets until exchange rates are in the business’ favour [2].
