Understand the benefits of multi-currency business accounts for companies engaged in global trade from Singapore.

Companies in Singapore involved in import/export benefit greatly from multi-currency accounts. These accounts allow businesses to hold and transact in currencies such as USD, EUR, GBP, and CNY without frequent conversion fees. For instance, DBS's Multi-Currency Account supports over 13 currencies. This is particularly valuable for firms dealing with overseas vendors or receiving international payments. Such accounts simplify accounting and allow for better control over forex exposure.


Sophia Tan

About the Author

Helen Lili – Editor, Research Lead
Helen leads tariff analysis and product change tracking. She maintains the normalized dataset that powers our comparison tables and ensures each claim links back to a dated primary source. Read more articles

Disclaimer:The BankOpen Singapore Editorial Team consists of financial analysts, banking industry professionals, and experienced writers. We are dedicated to providing accurate, up-to-date, and practical insights to help readers navigate Singapore’s banking landscape and make informed financial decisions. The information provided in this article is for general informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any banking or investment decisions.