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GLOBAL DEPOSITS - GLOBAL TIME DEPOSITS ACCOUNT
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Access 10 major currencies with one deposit account!
OCBC Global Deposits offer you transactional flexibility, competitive rates and the opportunity to diversify your investments into major currencies. Benefit from three account types, each designed to meet your specific requirements. With no exchange control restrictions in Singapore, your funds can be easily remitted in and out of the country.
Click here to apply via our mail-in form now!
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Next Steps :
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 | With one account, you can now access nine currencies. This statement based savings account earns attractive daily interest. Start with just one currency or more and make subsequent placements in other foreign currencies with ease. |
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| Global Time Deposit Account |
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| Now you can tap into ten global currencies with this account. Just save a fixed amount in the foreign currency and tenor of your choice to earn competitive interest rates. An overdraft facility can be arranged for your cash flow requirements. |
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| A convenient USD Chequeing account for your transactional needs. Settle payments and perform convenient fund transfers with a complimentary cheque book. |
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| Summary of Features, Fees and Charges |
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| Type of Account |
Global Savings Account
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Global Time Deposit Account
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US$ Chequeing Account
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| Currencies |
EUR, GBP, JPY, HKD, NZD, USD |
AUD, CAD, CHF, EUR, GBP, JPY, HKD,THB, NZD, USD |
USD |
| Initial Deposits |
In 5,000 units of the respective foreign currencies except HKD50,000 or JPY500,000 |
In 5,000 units of the respective foreign currencies except HKD50,000, JPY500,000 or
THB500,000 |
US$1,000 |
| Mode of Deposit |
S$ cheque or deduct from your account with OCBC or another bank (one-time transfer) |
S$ cheque or deduct from your account with OCBC or another bank (one-time transfer) |
S$ cheque or deduct from your account with OCBC or another bank (one-time transfer) |
| Fees & Charges |
No monthly service fee
Account closure fee: US$20 (or equivalent) for account closed within 6 months of opening
Excess fee: minimum charge of US$5 or equivalent (AUD 10, EUR 5, HKD 40, JPY 700, NZD 12, GBP 4, CHF 8, USD 5, CAD 8)
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No monthly service fee
Premature withdrawal fees apply
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Monthly service fee: US$10 if monthly average balance falls below
Account closure fee: US$20 (or equivalent) for account closed within 6 months of opening
Excess fee: minimum charge of US$5 or equivalent
Cheque fee: US$20 per cheque returned for insufficient funds/technical reasons
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| Exchange Rate & Interest Rates |
Refer to www.ocbc.com/wealth
No interest payment for US$ Chequeing Account
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| Eligibility |
Minimum age is 21 years old |
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Visit any OCBC Branch or click here to download the application form
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| Documents for Mail-In Applications |
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| For Singaporean & PR:
Copy of NRIC (front & back). For foreigners, copy of passport and employment pass/work permit.
If you do not have an existing OCBC deposit account,
please submit a cheque issued from your own account with another bank in Singapore and payable in your own name (signature on th cheque and this application form must be the same). If the cheque is not from your account, please submit any 1 of the following documents which has to be the latest original document reflecting the same name and address indicated in the application form:
i. Telephone bill generated by SingTel, M1 or Starhub OR
ii. Half-yearly CPF Statement generated by CPF Board OR
iii. Any bank statement (savings, current, credit card or personal credit statement)
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