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Foreign Currency Deposit
Foreign Currency Deposit
  Maximize Your Returns
   
OCBC Wing Hang provides 14 foreign currencies for your selection as well as preferential interest rates, competitive exchange rates, low exchange rates spread, pre-set buy / sell order service and longer trading hours. You may choose from savings as well as fixed deposit accounts.
   
  Versatile Channels and Extensive Trading Hours
   
Apart from visiting our branches in person, you can buy or sell foreign currencies through internet, phone and mobile banking. To seize the best investment opportunity all the time, you can also go beyond regular office hours and make foreign exchange transactions from 9:00a.m. till the New York market closes1.
   
  Pre-set Foreign Currency Buy / Sell Order
   
You may pre-set foreign currency buy or sell order with your desired rate and transaction amount through internet, phone and mobile banking whenever you want. With our assistance on keeping track with the market trend, the pre-set transaction will be executed automatically. Meanwhile, you can check or revoke your outstanding instructions at any time.
   
  Forward Contract to Guarantee Your Returns
   
You may engage in a forward exchange rate contract when the exchange rate works in your favour, protecting your deposit against currency fluctuations.
   
 
Multi-Currency Deposit Account / Foreign Currency Savings Account

Interest is calculated on a daily basis and is settled monthly to make your money grow faster.
You can select from passbook or statement accounts.
Multi-Currency Deposit Account can let you manage transactions up to 10 currencies including Australian Dollar, Canadian Dollar, Euro, Japanese Yen, New Zealand Dollar, Pound Sterling, Singapore Dollar, Swedish Kroner, Swiss Franc and US Dollar within one single account, enjoy the convenience of financial management.
   
  Minimum Initial Deposit for Foreign Currency Savings Deposit (original currency) are as follows:
 
Currency
Minimum Initial Deposit2
Deposit should be over the following amount for interest
Australian Dollar
AUD
200
200
Canadian Dollar
CAD
200
200
Swiss Franc
CHF
200
200
Danish Kroner
DKK
1,000
1,000
Euro
EUR
200
200
Pound Sterling
GBP
200
200
Japanese Yen
JPY
20,000
20,000
Norwegian Kroner
NOK
1,000
1,000
New Zealand Dollar
NZD
200
200
Renminbi
RMB
2,000
2,000
Swedish Kroner
SEK
1,000
1,000
Singapore Dollar
SGD
200
200
Thailand Baht
THB
4,000
4,000
US Dollar
USD
200
200
   
 
   
 
Foreign Currency Fixed Deposit

Enable you to capture higher interest return and exchange rate movement.
Deposit tenor ranges from 7 days to 6 months.
You can preset the account for fund transfer upon its maturity or select to roll over automatically through internet, phone and mobile Banking.
 
Minimum initial deposit for Foreign Currency Fixed Deposit (original currency) are as follows:
 
Currency
Over-the-Counter Minimum Initial Deposit
Minimum Initial Deposit via Internet/Telematic Banking/Mobile Banking
Below
One - Month
One - Month or above
AUD
15,000
7,500
1,000
CAD
15,000
7,500
1,000
CNY
N/A
20,000
20,000
DKK
75,000
37,500
5,000
JPY
1,500,000
750,000
100,000
NZD
20,000
10,000
1,000
NOK
75,000
37,500
5,000
SGD
20,000
10,000
1,000
SEK
75,000
37,500
5,000
CHF
15,000
7,500
1,000
THB
300,000
150,000
20,000
GBP
7,500
3,750
500
USD
12,500
12,500
12,500
EUR
10,000
5,000
1,000
   
 
USD Current Account

You can settle your local USD transactions by using USD cheque and CHATS. No exchange premium will be incurred
Free cheque book
Monthly statement showing details of each transaction will be provided.
Overdraft facilities will be offered upon request.
Initial deposit amount as low as US$2002
   
  For enquiries or account opening, please visit any of our branches or call
2815 1123 for more information. For customers who applied for Personal eBanking Service, you may login to open Foreign Currency Statement Savings and Fixed Deposit Accounts via Internet Banking or Telematic Banking.
   
  The above services are subject to the market conditions and the Bank's prevailing policy.
   
 
Remark:
1.

Trading hours start from 9:00a.m. till New York market closes (summer time till 2:30a.m. and winter time till 3:30a.m.) from Monday to Friday and 9:00a.m. to 1:00p.m. on Saturday.

2.

Recipients of Comprehensive Social Security Assistance, recipients of Government Disability Allowance (customers should provide supporting documents to the Bank) and low income earners (customers are required to sign a declaration of low income earns) are exempted from the minimum initial deposit.

   
 
   
 
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