What are the fees, rates, and features of the OCBC Global Savings Account? Here’s a quick guide with everything you need to know about OCBC’s multi-currency product.
Managing money across multiple currencies is now a must for Singaporeans — whether for travel, online shopping, or sending funds abroad. Traditional credit cards often come with hidden fees and poor exchange rates, making multi-currency accounts a smarter, more cost-effective alternative.
The OCBC Global Savings Account is one of OCBC’s most popular multi-currency options. It lets you hold and transact in up to 10 currencies, enjoy convenient debit card spending, and switch between currencies with ease.
But like any bank product, fees, rates, and requirements vary, so it’s worth comparing your options carefully. This 2025 guide breaks down everything you need to know about the OCBC Global Savings Account and how it compares with other travel-friendly alternatives like YouTrip.
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⚡️ TL;DR
| Feature | OCBC Global Savings Account |
|---|---|
| Supported Currencies | 18+, Singaporean/PR/foreigner with a valid pass, existing OCBC customer |
| Exchange Rates | Determined by bank (may include markups) |
| Minimum Deposit | S$5,000 |
| Multi-Currency Card | Linked OCBC Debit Card |
| Overseas ATM Withdrawal Fees | Supported currencies at OCBC ATMs: free; Others: FX admin fees |
| Account Eligibility | 18+; Singaporean/PR/foreigner with a valid pass; Existing OCBC customer |
| Best For | Existing OCBC customers consolidating banking |
| Alternative | YouTrip — supports 150+ currencies, no minimum deposit, wholesale exchange rates with zero fees, and flexible multi-currency spending |
📚 Table of Contents:
- At a Glance: OCBC Multi-Currency Account
- How to Apply
- Fees & Considerations
- Using the OCBC GSA
- YouTrip vs OCBC Global Savings Account
- What is YouTrip?
- Final Take
At a Glance: OCBC Multi-Currency Account

Image credits: OCBC
OCBC offers account options for personal and business customers, but its Global Savings Account is its main multi-currency account option for personal banking customers. This account allows for transactions with any linked OCBC Debit Card in 10 foreign currencies (AUD, CAD, CNH, CHF, EUR, GBP, NZD, USD, JPY, HKD).
| OCBC Multi-Currency Account | Account Eligibility | Account Fees | ATM Withdrawal |
| OCBC Global Savings Account | Above 18 years of age Min. $5,000 initial deposit | – | Withdrawing AUD, CAD, CHF, EUR, GBP, NZD, USD, JPY, HKD at OCBC ATMs: No fees Withdrawing in other currencies or non-OCBC ATMs: Foreign exchange admin fees will apply More on OCBC’s ATM withdrawal fees here |
Interest: 0.01% p.a. on the first S$100,000 for AUD, NZD, USD | 0.01% on the first S$500,000 in CNH
📚 Also read: iChange Vs YouTrip comparison guide
How to Apply for an OCBC Global Savings Account?
You’ll need to be:
- Above 18
- A Singaporean, PR, or foreigner with a valid pass
- An existing OCBC customer
You can apply for an account online via the OCBC Mobile Banking app or at any OCBC bank branch with your identification document, your initial deposit, and a supporting statement.
📚 Money matters: Best Savings Account Singapore 2025: Top Interest Rates & Bank Picks
Fees & Considerations
Besides the S$5,000 deposit, there are no major ongoing fees. However:
- FX conversion fees kick in if you withdraw unsupported currencies or use non-OCBC ATMs.
- Exchange rates are set by OCBC, so they may not be as competitive as wholesale FX platforms.
📚 Travel smart: Best Multi-Currency Cards In Singapore (2025): A Full Comparison Guide
Using the OCBC GSA
You can link your existing OCBC Debit Card to spend directly in supported currencies. Monitoring balances and exchanges is done via the mobile app.
⚠️ Note: Exchange rates will be determined by OCBC and may be subject to markups as compared to rates seen on Google or financial websites like XE.com.
📚 Learn more: HSBC Everyday Global Account (HSBC EGA) Singapore Guide 2025
YouTrip vs OCBC Global Savings Account
| Currencies Available | Exchange Rates | Multi-Currency Card | Overseas ATM Withdrawal Fee | |
| YouTrip | Over 150 currencies 12 wallet currencies: SGD, USD, EUR, GBP, JPY, HKD, AUD, NZD, CHF, SEK, THB, MYR | Wholesale Exchange Rates, no hidden markups | YouTrip Mastercard | ✅ Free monthly ATM withdrawals of up to S$400. *A 2% fee applies thereafter |
| OCBC Global Savings | 10 currencies: AUD, CAD, CNH, CHF, EUR, GBP, NZD, USD, JPY, HKD | Determined by bank (may include markups) | OCBC Debit Card | AUD, CAD, CHF, EUR, GBP, NZD, USD, JPY, HKD at OCBC ATMs: No fees Other currencies or non-OCBC ATMs: Foreign exchange admin fees will apply |
⚖️ Quick Take:
- OCBC GSA works if you’re already banking with OCBC and want to consolidate accounts.
- YouTrip offers more flexibility, more currencies, and no minimum deposits — ideal for travel and overseas spending.
What is YouTrip?

YouTrip is Singapore’s first multi-currency wallet — giving you access to the same (and often better) exchange rates than traditional bank multi-currency accounts, without minimum balances or hidden fees.
Key Features:
- Spend with the best rates and zero fees in over 150+ countries
- Instantly exchange and hold 12 popular currencies at real-time Wholesale Exchange Rates.
- Enjoy free ATM withdrawals of up to S$400 per calendar month. *A 2% fee applies thereafter.
- Receive instant transaction notifications and advanced security
Whether you’re travelling abroad, booking hotels, or shopping on international websites, your YouTrip card makes paying in foreign currencies seamless and cost-effective.
📚 Related guides: CashChanger.co Vs YouTrip: Where To Get The Best Exchange Rate In Singapore?
Final Take

The OCBC Global Savings Account is great if you’re already an OCBC customer and want to consolidate banking. But if you’re after flexibility, more supported currencies, and no deposit requirements, YouTrip is the stronger everyday travel choice in 2025.
👉 Sign up for your free YouTrip card with promo code <YTBLOG5> to get FREE S$5 YouTrip credits.
💜 Don’t forget to explore our [YouTrip Perks page] for exclusive deals, join our Telegram (@YouTripSG) for weekly tips, and connect with fellow travellers on @YouTripSquad.
Safe travels and happy savings!
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