Re: [HackerspaceSG] Foreign currency bank accounts in SG + credit card(s)

[Sven Berg Ryen]

As far as I understand OCBC, and probably also the other corporate banks lets you open bank accounts in other currencies than SGD.
I'm far from any expert on this, though I would assume any authorized foreign exchange bank would let you open such accounts, so that you can avoid paying a conversion fee if you frequently receive transfers in foreign currencies.

On Aug 5, 2012, at 10:03 PM, Brandon Ng wrote:

> Hi, this is my first post.
> I am a Singaporean working in the IT industry in Tokyo (Cyberagent, ex Zynga Japan).
> Recently, a colleague/friend of mine registered a company in HK and opened a corporate account with HSBC in HK.
> He deposits his pay in yen into that corporate account as yen, and also got a platinum credit card for free to use with his corporate account.
>
> Was wondering if there are any personal or corporate bank accounts in Singapore that offers something similar to what HSBC HK does.
>
> --
> --
> Chat: http://hackerspace.sg/chat
>
>
>

[Chern Jie]

IIRCC, when I last opened a business bank account with OCBC, they offered me one additional free foreign currency account. I am not too sure if it's limited time offer, but I am definitely sure that it was only valid when I was signing up. You can give them a call to find out.

Cheers,
Chern Jie

[Sven Berg Ryen]

I also remember vaguely being offered something like that though I think their accounts are free only for 6 months unless you hold a minimum balance of a certain amount.