Global Currency Account

Features

Simple to manage

  • Receive monthly statement of account(s)
  • Receive SMS and/or email alerts on your account via UOB eAlerts! services
  • Monitor transactions via Business Internet Banking Plus (BIBPlus)
  • Automatic replenishment of cheque books

Ease of access

  • Fulfil your business needs at any UOB branch islandwide
  • 24-hour access to more than 1,000 ATMs* and 160 Cash Deposit Machines

 

Requirements (Please click to select)

  • Sole
    Proprietor
  • Partnership
  • Limited Liability
    Partnership
  • Society / Club /
    Association / Clan
 

Checklist of documents required for Sole Proprietor

  • Account Opening Form
  • ACRA Business Profile Search
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • FATCA Self Certification or IRS Withholding Certificate#

#Mandatory document for declaration of U.S. or Non U.S. persons.
Additional documents if business is corporated outside of Singapore.
  • Account Opening resolution from Overseas Company
  • Power of Attorney
  • M&A of head office / parent company
  • Letter of introduction from a Corporate Bank or reputable company
  • Search on overseas company

Checklist of documents required for Partnership

  • Account Opening Form
  • ACRA Business Profile Search
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • FATCA Self Certification or IRS Withholding Certificate#
  • Account Opening Resolution
  • Certified True Copy of Partnership Deed

#Mandatory document for declaration of U.S. or Non U.S. persons.
Additional documents if business is corporated outside of Singapore.
  • Account Opening resolution from Overseas Company
  • Power of Attorney
  • M&A of head office / parent company
  • Letter of introduction from a Corporate Bank or reputable company
  • Search on overseas company

Checklist of documents required for
Limited Liability Partnership (LLP)

  • Account Opening Form
  • ACRA Business Profile Search
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • FATCA Self Certification or IRS Withholding Certificate#
  • Account Opening Resolution
  • Certified True Copy of Partnership Deed

#Mandatory document for declaration of U.S. or Non U.S. persons.
Additional documents if business is corporated outside of Singapore.
  • Account Opening resolution from Overseas Company
  • Power of Attorney
  • M&A of head office / parent company
  • Letter of introduction from a Corporate Bank or reputable company
  • Search on overseas company

Checklist of documents required for
Society / Club / Association / Clan

  • Account Opening Form
  • Identity Documents - NRIC(s) / Passport(s)
  • Proof of Residential Address (For Foreigners)
  • Account Opening Resolution
  • Rules and By-Laws of Clubs / Constitution of Club / Clan
  • Certificate of Registration from ROS OR Approval from approriate Registrar OR Government Gazette listing

#Mandatory document for declaration of U.S. or Non U.S. persons.
 

Fees

With effect from 1 November 2016, an interest charge will be applicable to Swiss Franc (CHF), Euro (EUR) and Japanese Yen (JPY) accounts, in addition to the monthly service fee. Please see the Interest Charge table below for more details.

Interest Charge* on CHF, EUR and JPY:
Currency Interest Charge Per Annum (p.a.)
CHF 1.00%
EUR 0.40%
JPY 0.10%
*Interest Charge will be applied on all balances in the account and calculated on a daily basis, and is subject to periodic revision based on market conditions.

Interest Charge Illustration#:

Charge on an account with month average balance of EUR 1 million in November 2016:

Interest Charge per Month

EUR 333.33
(EUR 1 million X 0.40% / 360 X 30)
#360 days per annum interest calculation also applies to JPY and CHF


A minimum balance fee is applicable if the average daily balance falls below the minimum required:
Currency Minimum Average Daily Balance Minimum Balance Fee Monthly Service Fee
USD USD 8,000 USD 28 -
GBP GBP 5,000 GBP 18 -
EUR - - EUR 20
AUD AUD 9,000 AUD 32 -
CAD CAD 8,000 CAD 28 -
NZD NZD 9,000 NZD 32 -
HKD HKD 60,000 HKD 200 -
JPY - - JPY 2,600
CHF - - CHF 20
 

Terms & Conditions Governing Accounts & Services

Additional Terms & Conditions Governing Accounts & Services

* Includes the Shared ATM Network

# Minimum Balance Fee for CHF, EUR and JPY will be replaced with a Fixed Monthly Service Fee of CHF20, EUR20 and JPY2,600 respectively.

Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

For more information on the Deposit Insurance Scheme, please click here

Please refer to UOB/FEB Insured Deposit Register for a list of UOB accounts/ products that are covered under the Scheme.