The Best Multi-Currency Business Accounts in Singapore in 2026

What does a business multi-currency account do?

It lets your company receive foreign revenue, keep the original currency and reuse it for matching expenses before converting money needed for Singapore costs.

A software company receiving US dollars can retain part for hosting bills, while moving the rest into SGD for salaries and rent.

The currencies you can hold, receiving details you can share and countries you can pay are three separate parts of the account.

Occasional supplier payments can use international business money transfers, while personal multi-currency accounts cover private spending with a different account owner.

The accounts on my shortlist

Singapore has both payment accounts and bank deposits for business currency holding, so I suggest comparing their receiving routes as well as their fees.

Overseas client revenue

9.2

Wise

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"Wise Business is used by 300,000+ businesses each year. Easy integrations with Xero, QuickBooks, FreeAgent and more are available."

Team expenses funded by foreign balances

8.8

Airwallex

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"Airwallex offers a comprehensive financial platform for businesses. Make global transfers to 150+ countries, receive funds in 20+ currencies. Connect with popular software for a seamless approach."

Company spending and monthly allowances

8.6

Revolut

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SGD operations and twelve foreign wallets

?

DBS

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Foreign balances without per-currency minimums

?

OCBC

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Foreign deposits alongside your UOB business banking

?

UOB

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Wise Business works well when clients pay through local networks

Wise gives your Singapore business foreign receiving details, letting eligible clients pay through their domestic network while you retain the currency for later use.

That is my main reason to start here for a service company, especially if you receive USD, EUR or GBP and pay matching business expenses.

Singapore's S$20,000 personal holding cap does not apply to Wise Business accounts, so company revenue should not be assessed using personal wallet limits.

My suggestion is to give clients the domestic receiving instructions wherever supported, because a dollar wire incurs a fee even when no currency conversion happens.

Airwallex connects company receipts to controlled spending

Airwallex combines foreign revenue, staff cards and bill management, making it a useful fit for a team paying overseas software and suppliers.

Its Singapore Explore plan includes expense management and five spend users, so a small team can begin without a paid subscription.

The collection fee for a Global Account and the fee for accepting a customer card are different charges, even when both create foreign revenue.

Airwallex's card conversion depends on available balances and the supported billing currency, so I suggest funding the currency used for regular subscriptions beforehand.

These Singapore fees exclude GST where applicable, and the legal tariff separates optional extended FX quote charges from ordinary currency conversion.

Revolut Business suits predictable monthly conversion and payment volumes

Revolut can hold multiple company currencies and fund employee spending, with plan allowances that make a regular monthly pattern easier to cost.

I think Grow is worth considering when your business repeatedly converts several thousand dollars or sends foreign payments, rather than selecting Basic solely for its free subscription.

The Grow monthly tariff is S$18, while the lower headline starting price depends on billing terms and should not be read as the monthly price.

For local American client collections, Wise or Airwallex offers a better route fit than Revolut's Singapore foreign-currency SWIFT details.

DBS combines local operations with foreign wallets

DBS holds SGD and twelve foreign currencies within one Business Multi-Currency Account, so your company can manage domestic and foreign operations together.

The Starter Bundle suits companies under three years old, while the established-business account has a different fee and balance structure.

I suggest DBS for the wider business banking relationship, provided you check that incoming wires and account fees fit your revenue volume.

OCBC avoids a minimum balance for each foreign currency

OCBC's Multi-Currency Business Account holds thirteen foreign currencies without an opening deposit or fall-below fee, which suits businesses with uneven overseas receipts.

I prefer that structure to separate high minimum balances when a company needs several currencies but cannot predict how much will remain in each.

The foreign-currency account waiver does not make a linked SGD account free, so I suggest including that account's fees in the company budget.

The US$30 outward transfer charge applies to foreign-currency accounts, so include it when deciding how often to pay suppliers from a retained balance.

UOB fits foreign deposits within an existing corporate relationship

UOB's Corporate Global Currency Account offers ten foreign currencies, with currency-specific opening deposits, required balances and monthly charges.

In my opinion, it is worth considering where your company's existing UOB services make consolidated banking worthwhile, rather than for small balances scattered across many currencies.

Keeping only USD and EUR below the dollar waiver level costs US$336 and €240 each year before your receipts, payments or conversions.

UOB has announced manual transfer fee changes for 1 November 2026, so those future charges should not replace the October costs here.

Compare the cost of one month's foreign revenue

My suggestion is to count the monthly account charge, each receipt, unchanged-currency payouts and conversions before deciding which account will hold the company's revenue.

For DBS's established-business account, holding below S$10,000 equivalent adds S$480 annually to the S$50 account fee, making the annual total S$530.

A company qualifying for the average-balance waiver pays S$50 instead, before payment charges, while Starter costs S$120 annually under its different eligibility rules.

At Revolut, converting S$10,000 during market hours on Basic incurs S$51 above its allowance, compared with the S$18 Grow monthly subscription within allowance.

Those examples exclude other activity, so receiving through SWIFT or sending several invoices can still alter the account you would choose.

Foreign currencies have different protection from SGD deposits

Singapore deposit insurance protects eligible SGD deposits up to S$100,000 in aggregate per depositor per scheme member, while foreign-currency deposits are excluded.

That exclusion applies to foreign balances at DBS, OCBC and UOB, even though the providers are banks with eligible SGD deposits.

Wise, Airwallex and Revolut Singapore operate payment accounts under their local regulatory arrangements, and safeguarding should not be described as insured company bank deposits.

Investment features offered alongside an account have separate risks and terms, so this comparison treats cash currency balances separately from funds or yield products.

How to open a company currency account

Your company's registration, ownership and expected receipt sources determine the application route, particularly when shareholders or directors are based outside Singapore.

Compare the cost of your next overseas business payment before deciding how much retained revenue to convert or transfer.

Questions about Singapore business currency accounts