The Best Multi-Currency Accounts in Singapore in 2026

Bank accounts and payment wallets work differently

A Singapore bank account can hold foreign-currency deposits, while Wise, Revolut and YouTrip hold money under payment-account or stored-value rules.

The number of currencies you can hold can also differ from the number your debit card can spend directly.

Best multi-currency accounts in Singapore

9.2

Wise

Fees

0.1% - 2.6%

Exchange Rate Markup

0%

Transfer Speed

Minutes - 24 hours

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"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."

8.8

Revolut

Fees

0.3% - 1%

Exchange Rate Markup

0.1% - 0.6%

Transfer Speed

Minutes - 5 days

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"Revolut has 70+ million customers globally. You can hold up to 25+ currencies in the app and send money quickly in 25+ currencies to 140+ countries."

US Disclaimer: Revolut is not a bank. Banking services are provided by Lead Bank, Member FDIC. Fees may apply. See revolut.com/en-US/ for details.

5.9

HSBC

Fees

From $/£10

Exchange Rate Markup

3 - 5%

Transfer Speed

1 - 4 days

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DBS My Account

DBS My Account combines everyday banking with foreign-currency balances and no minimum balance.

The 13 total account currencies include CNH, although CNH is excluded from the 11 foreign-currency wallets available for direct card spending.

When the selected card wallet holds enough money, DBS avoids converting that purchase from SGD.

An insufficient foreign-currency wallet falls back to SGD conversion, so I would leave room for hotel deposits, tips and final transaction adjustments.

Paper statements cost S$2 monthly, making eStatements the simple choice unless you need physical records.

DBS suits a resident wanting salary banking, PayNow and travel balances together, without maintaining an HSBC-style minimum average balance.

HSBC Everyday Global Account

HSBC Everyday Global suits regular travellers who use HSBC overseas.

The monthly fee becomes S$60 over a year, so this account loses much of its appeal if your normal balance stays below S$2,000.

CNY can be held but is excluded from matching-currency card debit, which makes the card less useful for direct spending from that balance.

An insufficient foreign-currency balance triggers conversion at HSBC’s prevailing rate and a debit from SGD, which can undo the benefit of pre-converting.

Personal Banking customers get HSBC’s withdrawal fee waived at eligible overseas HSBC ATMs, with eight country exclusions and possible third-party charges.

Premier customers have broader ATM fee waivers, so check your account tier and destination before relying on free cash withdrawals.

Wise

Wise gives you foreign receiving details and broad card use without a traditional bank account.

Wise caps total cash holdings across currencies and Jars at S$20,000, then sweeps daily excess while leaving roughly S$19,950.

That sweep can trigger conversion costs when the destination account uses another currency, so leave headroom before a large incoming payment arrives.

The separate S$100,000 April-to-March limit covers card use and qualifying balance-funded payments, with exceptions for own-bank and externally funded transfers.

Overseas ATM withdrawals are free up to S$100 monthly, then Wise charges 1.75% on the excess amount.

Singapore domestic ATMs are unavailable, making Wise better for foreign receipts and overseas use than everyday local cash access.

Revolut Standard

Revolut Standard works for travellers keeping monthly weekday exchanges within S$5,000.

Exchanging S$1,000 outside market hours adds S$10, even within the allowance, while Revolut’s own exchange rate also affects the total cost.

I would convert known travel expenses during market hours instead of relying on an automatic conversion at the point of sale.

The overseas ATM allowance ends after S$350 or five withdrawals in a rolling month, whichever comes first.

Further withdrawals cost 2% or S$1.49, whichever is higher, and Singapore ATM withdrawals are unavailable.

Revolut works better than YouTrip for holding more currencies, while YouTrip has a larger normal overseas ATM allowance and simpler travel-wallet scope.

YouTrip

YouTrip is a handy prepaid option for spending abroad.

The wallet allows up to S$20,000 at once and S$100,000 in top-ups during each 365-day period from the first top-up.

A Visa credit-card top-up costs 1.5%, adding S$15 before any conversion when you load S$1,000 that way.

I would fund through PayNow or eGIRO because those balances can be transferred out, whereas card-funded money has different withdrawal restrictions.

Overseas ATM withdrawals are free for the first S$400 equivalent monthly, then cost 2%, with any ATM-owner fee added separately.

YouTrip has no foreign bank receiving details, so I would use Wise or a bank account for salary, pension or client payments.

Leave room below holding and payment limits

A holding cap measures money sitting in the account, while a payment, card or annual top-up limit controls a different action.

Keep enough headroom before expected receipts, since an automatic sweep or rejected top-up can create an unnecessary conversion or delay.

Plan larger purchases using the relevant card limit and selected wallet rather than treating a headline annual limit as usable account capacity.

Match the receiving route to the payment

Foreign account details can receive eligible local or international payments, while a Singapore bank's foreign-currency account may rely on bank-transfer instructions.

PayNow and FAST mainly solve domestic SGD funding, and neither automatically gives every foreign balance local receiving details abroad.

For a one-off overseas payment, our best international money transfer services in Singapore guide covers recipient transfers instead of balance holding.

Convert for known expenses

Holding the purchase currency can remove a card fallback charge, although the earlier conversion still has its own rate and possible fee.

Convert enough for booked expenses and a practical buffer, then check the selected wallet before hotels, car hire or restaurants place temporary holds.

Choose local currency at the terminal, since merchant conversion can replace your account's pricing with the merchant or ATM operator's rate.

Understand deposit protection

SDIC covers eligible SGD deposits up to S$100,000 in aggregate per depositor at each member bank.

Foreign-currency bank deposits are excluded, so opening several currency balances does not create separate insured limits.

Wise, Revolut and YouTrip use payment or stored-value safeguarding arrangements instead of SDIC deposit insurance.

How to open and fund a multi-currency account in Singapore

Use the form below when you need to pay an overseas recipient instead of maintaining foreign-currency balances.