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 different currencies has become part of everyday life for many Singaporeans — whether it’s for travel, overseas shopping, or sending funds abroad. Instead of paying hidden fees and inflated exchange rates on traditional credit cards, more people are turning to multi-currency accounts for smarter, more cost-effective spending.
The OCBC Global Savings Account is one of the most popular OCBC multi-currency account options available today. It lets you hold and transact in multiple currencies, enjoy better foreign exchange rates, and easily switch between currencies whenever you need. Some accounts even come with linked debit cards, so you can spend overseas with less friction.
Of course, not all multi-currency accounts are created equal. Fees, rates, and requirements differ depending on the provider, which makes choosing the right one a little tricky. That’s why we’ve put together this updated 2025 guide — to help you understand the OCBC Global Savings Account and see how it compares with other options like the DBS Multi-Currency Account and UOB Mighty FX.
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📚 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
At a Glance: OCBC Multi-Currency Account
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 | Wholesale Exchange Rates | YouTrip Mastercard | Free monthly ATM withdrawals of up to S$400 A 2% fee applies thereafter |
| OCBC Global Savings | AUD, CAD, CNH, CHF, EUR, GBP, NZD, USD, JPY, HKD | Determined by Bank | 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 |
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. Sign up in under 3 minutes and get your own YouTrip card to spend in over 150 currencies worldwide — with zero transaction fees and no exchange rate markups.
Through the YouTrip app, you can instantly exchange and hold 12 popular currencies at real-time Wholesale Exchange Rates. 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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