Looking for a flexible way to hold and spend foreign currencies in Singapore?
The DBS Multi-Currency Account (MCA) lets you exchange, store, and spend in 12 foreign currencies with ease — whether you’re travelling abroad or shopping online.
This comprehensive guide breaks down everything you need to know about the DBS MCA, from DBS exchange rates and overseas ATM withdrawal fees to understanding the DBS Multiplier Account and how to use your DBS debit card across multiple currencies. We’ll also help you quickly find a DBS ATM near me.
What is the DBS Multi-Currency Account (MCA)?

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The DBS Multi-Currency Account (MCA) allows users to hold and transact in up to 12 currencies (including USD, EUR, JPY, and more), all within a single account. This eliminates the need for frequent conversions and helps you lock in favourable DBS exchange rates when making international transactions.
There are two types of DBS accounts with multi-currency features:
- My Account – Ideal for daily use with no age restrictions
- DBS Multiplier Account – Combines salary crediting and multi-currency features to help you earn higher interest rates
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DBS MCA Supported Currencies
The DBS Multi-Currency Account supports 12 foreign currencies:
- AUD, CAD, CNY, EUR, GBP, HKD, JPY, NZD, NOK, SEK, THB, USD
These currencies are accessible through the DBS Visa Debit Card, which links directly to your MCA balance.
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DBS Exchange Rate and Currency Conversion
Currency conversions via the DBS Digibank app are done at DBS-determined exchange rates. While these rates may differ from real-time market rates and might include a markup, they are typically more competitive than traditional credit card conversions.
For the most up-to-date DBS exchange rates, visit the official DBS currency converter or check directly within your Digibank app.
DBS Multi-Currency Account (MCA) Guide: Check out this DBS Remit International Money Transfer Guide
DBS MCA Fees & Minimum Balance Requirements
Account Type | Monthly Fees | Minimum Balance |
---|---|---|
DBS Multiplier | S$5/month if balance < S$3,000 (waived if <29 yrs old) | S$3,000 |
My Account | S$2/month for hardcopy statements (free with eStatements) | No minimum balance |
DBS Multi-Currency Account (MCA) Guide:
Using Your DBS Multi-Currency Account Overseas & Finding a DBS ATM Near Me
You can use your DBS debit card, linked to your DBS Multi-Currency Account, for international spending. Simply make sure you have sufficient funds in the respective foreign currency wallet.
If the currency isn’t supported or your balance is insufficient, DBS will automatically convert the amount from SGD and apply a foreign transaction fee of up to 3.25%.
ATM Withdrawals Abroad with DBS MCA
- Withdraw directly in supported currencies using your DBS Visa Debit Card.
- A flat fee of S$7 per withdrawal applies when using foreign ATMs.
- To quickly find a DBS ATM near me or an overseas DBS ATM, use the DBS ATM locator tool or check on Google Maps.
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Key Benefits of the DBS Multi-Currency Account
The DBS Multi-Currency Account offers several benefits for international travellers and online shoppers:
- Lock in DBS exchange rates ahead of travel
- Avoid unnecessary FX fees with preloaded currency wallets
- Link to DBS Multiplier for enhanced interest earnings
- Use the DBS debit card for overseas purchases and ATM withdrawals
- Easily manage funds via the Digibank mobile app
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How to Apply for a DBS Multi-Currency Account
Applying for a DBS MCA is simple and can be done online via:
- The DBS Digibank App
- The official DBS website
💡 Tip: If you’re under 29 and want fee waivers plus multi-currency benefits, opt for the DBS Multiplier Account.
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DBS Multiplier Account: Earn Interest While Going Multi-Currency
The DBS Multiplier Account is more than just an MCA. It lets you earn bonus interest (up to 3.00% p.a. in 2025) when you credit your salary and transact with DBS products like PayLah!, investments, or insurance.
This makes the DBS Multiplier Account a popular choice for working adults in Singapore who desire both financial flexibility and higher returns on their savings.
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DBS Multi-Currency Account SWIFT Code & International Transfers
- SWIFT Code for DBS Singapore: DBSSSGSG
- Yes, you can easily transfer USD and other supported currencies from overseas bank accounts into your DBS Multi-Currency Account using the correct currency wallet and the SWIFT code provided.
DBS Multi-Currency Account (MCA) Guide: OCBC Multi-Currency Account Guide: OCBC Global Savings Account
A Travel Alternative to DBS MCA: YouTrip

While the DBS Multi-Currency Account is ideal for those who prefer a bank-backed solution, YouTrip remains a popular alternative for travellers looking for better FX rates and lower fees.
What is YouTrip?
YouTrip is a multi-currency wallet and prepaid Mastercard that lets you pay in 150+ countries with no foreign transaction fees and competitive wholesale exchange rates. It’s app-based and does not require a minimum balance or account fees — perfect for travel, online shopping, and cross-border payments.
DBS Multi-Currency Account (MCA) Guide: YouTrip Exchange Rates: Everything You Need to Know
YouTrip VS DBS MCA: Quick Comparison
Features | YouTrip | DBS Multi-Currency Account |
---|---|---|
Currencies Available | 150+ currencies 12 wallet currencies (SGD, USD, EUR, GBP, JPY, HKD, AUD, NZD, CHF, SEK, THB, MYR) | 12 currencies (AUD, CAD, CNY, EUR, HKD, JPY, NZD, NOK, GBP, SEK, THB, USD) |
Exchange Rates | Wholesale Exchange Rates (Real-Time) | Set by DBS |
Multi-Currency Card | YouTrip Mastercard | DBS Visa Debit Card |
Foreign Transaction Fees | None | Up to 3.25% for unsupported FX |
Overseas ATM Withdrawal Fees | Free up to S$400/month, with a 2% fee thereafter Resets every month | S$7 per overseas withdrawal |
Account Fees | None | S$2–S$5/month (depending on account type) |
Minimum Balance | None | S$3,000 for DBS Multiplier |
DBS Multi-Currency Account (MCA) Guide: YouTrip vs Credit Cards: Which One’s Better for Travelling?
YouTrip vs DBS Exchange Rates: Which Helps You Save More?
Looking to get the best exchange rates in Singapore? Here’s a quick comparison between YouTrip and DBS exchange rates across popular currencies:
Currency | YouTrip Rate 👑 | DBS Rate |
---|---|---|
JPY | 1 SGD = 112.7 JPY | 1 SGD = 111.5 JPY |
MYR | 1 SGD = 3.308 MYR | 1 SGD = 3.272 MYR |
GBP | 1 SGD = 0.5713 GBP | 1 SGD = 0.5667 GBP |
USD | 1 SGD = 0.7850 USD | 1 SGD = 0.7791 USD |
EUR | 1 SGD = 0.6658 EUR | 1 SGD = 0.6598 EUR |
AUD | 1 SGD = 1.194 AUD | 1 SGD = 1.1807 AUD |
As shown above, YouTrip consistently offers better exchange rates than DBS, meaning you get more foreign currency for every Singapore dollar spent. Whether you’re travelling, shopping online, or converting currencies in advance for your next trip, the difference can add up — especially for frequent spenders.
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YouTrip Benefits:
If you frequently travel, shop online on global sites, or send money abroad, YouTrip can offer more savings compared to traditional banking products like the DBS MCA, such as:
✅ Zero FX fees — Pay in 150+ currencies with no hidden charges
✅ Wholesale exchange rates — Lock in competitive rates anytime
✅ Free overseas ATM withdrawals — Up to S$400 monthly
✅ Instant transfers — Send funds between YouTrip users fee-free
✅ No account maintenance fees or minimum balance required
DBS Multi-Currency Account (MCA) Guide: Find out how to link your YouTrip card to Alipay & WeChat Pay for seamless payments in China
DBS Multi-Currency Account FAQ:
Q: What is the minimum balance for the DBS Multi-Currency Account?
A: For My Account, there’s no minimum balance. For DBS Multiplier, it’s S$3,000 (fee waived for users under 29).
Q: What’s the interest rate on a DBS Multi-Currency Account?
A: The MCA itself does not earn interest. However, the DBS Multiplier Account can earn up to 3.00% p.a. based on salary credit and eligible transactions.
Q: How to use the DBS Multi-Currency Account overseas?
A: Top up your foreign currency wallet via Digibank, then spend using your DBS Visa Debit Card overseas. For unsupported currencies, a 3.25% foreign transaction fee applies.
Q: Does the DBS Multi-Currency Account come with a debit card?
A: Yes. Both account types are linked to a DBS Visa Debit Card.
Q: Can I transfer USD to my DBS MCA from overseas?
A: Yes. Use the SWIFT code DBSSSGSG and ensure the funds are sent to the USD wallet in your DBS account.
Q: What is the benefit of a DBS Multi-Currency Account?
A: You can manage multiple currencies in one account, lock in exchange rates, reduce foreign transaction fees, and link it with other DBS products for added perks like higher interest with the DBS Multiplier Account.
Q: Which is the best multi-currency account in Singapore?
A: It depends on your needs. The DBS MCA is great for those who want integrated banking features, while YouTrip offers competitive wholesale FX rates and zero foreign transaction fees.
Q: What is DBS MCA?
A: DBS MCA refers to the DBS Multi-Currency Account, which allows you to hold and transact in 12 different foreign currencies from a single bank account.
Q: What is the DBS Multi-Currency Account SWIFT code?
A: The SWIFT code is DBSSSGSG.
Final Thoughts: Is DBS MCA Right For You?

The DBS MCA is a convenient solution for managing foreign currencies, particularly for existing DBS customers. Its integration with the DBS Multiplier Account allows you to earn higher interest whilc enjoying multi-currency benefits. However, if you’re looking for a travel card that offers the best real-time exchange rates with zero foreign transaction fees, consider specialised multi-currency wallets like YouTrip!
Not a YouTrooper yet? Singapore’s favourite multi-currency wallet helps you save with great FX rates and zero fees, with no minimum balances or account fees. Skip the money changer and get a free YouTrip card + S$5 YouTrip credits with code <YTBLOG5>.
Then, head over to our YouTrip Perks page for exclusive offers and promotions — we promise you won’t regret it. Join our Telegram (@YouTripSG) and Community Group (@YouTripSquad) for travel tips, event invites, and more!
Happy travels!
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