BIZPOWER QUAD CURRENT ACCOUNT

Get the Business Banking solution that gives your business better returns

Highlights & Benefits

Be rewarded with higher returns plus features that are designed especially to help grow your business.



A business account that works hard for you

 

Let your business funds earrn some of the best interest rates in the market, while boasting features that make managing and tracking your transactions more efficient.


Greater convenience at your fingertips

 

Transfer funds at your convenience as you enjoy remittance and treasury privileges only available to BizPower Quad Current Account customers. We make things easier for you.


Minimum qualifying amounts for preferential fixed deposit rates are S$50,000 or US$30,000.


Transfer or make payments globally

 

Your business is global, so your banking should be too. With free inward telegraphic transfers and flat fee cable charges (S$20 or US$20 per transaction), plus waiver of commissions for outward transfers, making and receiving payments globally have never been easier.


Enjoy exclusive privileges

 

As a BizPower Quad Account customer, your business enjoys preferential exchange rates and two cheque books for free.



A business account that works hard for you

 

Let your business funds earrn some of the best interest rates in the market, while boasting features that make managing and tracking your transactions more efficient.


Greater convenience at your fingertips

 

Transfer funds at your convenience as you enjoy remittance and treasury privileges only available to BizPower Quad Current Account customers. We make things easier for you.


Minimum qualifying amounts for preferential fixed deposit rates are S$50,000 or US$30,000.


Transfer or make payments globally

 

Your business is global, so your banking should be too. With free inward telegraphic transfers and flat fee cable charges (S$20 or US$20 per transaction), plus waiver of commissions for outward transfers, making and receiving payments globally have never been easier.


Enjoy exclusive privileges

 

As a BizPower Quad Account customer, your business enjoys preferential exchange rates and two cheque books for free.

Ready to enhance your Business banking experience?

SGD vs USD Account Comparison

SGD
BizPower Quad

USD
BizPower Quad

Min. Initial Deposit

SGD 1,000

USD 1,000

Min. average daily balance

SGD 15,000

USD 15,000

Fall-below fee

SGD 50

USD 50

Interest Rate

0.188% p.a.

0.012% p.a.

Min. average daily balance to qualify for interest

SGD 20,000
(from 1st dollar, interest payable up to $10 million balances)

USD 20,000
(from 1st dollar, no cap)

Early account closure fee (within 6 months)

SGD 60

USD 50

Cheque

First 2 cheque books free (50 leaves)
S$25 per cheque book (for each subsequent cheque book)

S$0.75 per cheque issuance fee

First 2 cheque books free (50 leaves)
US$25 per cheque book (for each subsequent cheque book)
US$0.75 per cheque issuance fee

*Interest rates are subject to change without notice.

Account Charges

Foreign Currency Current Accounts

Fees

FCY Current Account

BizPower Quad Current Account – USD

BizPower Quad+ Current Account – USD

Interest Rates (p.a.)*

Non-interest bearing account

0.012% (no cap)

Amount

Interest Rate

From US$0 and above

0.68%

Initial Deposit

USD

2,000

US$1,000

US$30,000

GBP

1,000

AUD

3,000

EUR

3,000

NZD

3,000

CAD

3,000

JPY

300,000

CHF

3,000

HKD

10,000

Minimum Average Daily Balance

USD

2,000

US$15,000

US$30,000

GBP

1,000

AUD

3,000

EUR

3,000

NZD

3,000

CAD

3,000

JPY

300,000

CHF

3,000

HKD

10,000

Fall-below Fee

USD

38

US$50

US$80

GBP

5

AUD

10

EUR

10

NZD

10

CAD

10

JPY

1,000

CHF

10

HKD

50

Minimum Average Daily Balance to qualify for interest

N/A

US$20,000

US$30,000

Early Account Closure Fee (Within 6 months)

USD

50

US$50

US$200

GBP

25

AUD

50

EUR

50

NZD

50

CAD

50

JPY

5,000

CHF

50

HKD

250

Minimum Charge on Incidental Overdraft (AC without overdraft facility)

USD Prime (5.25%) + TOD Rate (5% p.a.) payable on overdrawn amount OR minimum USD10, whichever is higher

Cheque Books

US$25 per cheque book (50 leaves)

First 2 cheque books free (50 leaves) US$25 per cheque book (for each subsequent cheque book)

First 2 cheque books free (50 leaves) US$25 per cheque book (for each subsequent cheque book)

Account Periodic Review Fees
(For Foreign Business Entity and Specific Business Entity)

Minimum S$500 (or equivalent)

Account Setup Fee

A one-time setup fee may apply

Foreign Currency Call Accounts

Fees

FCY Current Account

Initial Deposit

USD

2,000

GBP

1,000

AUD

3,000

NZD

3,000

EUR

3,000

Minimum Average Daily Balance

USD

2,000

GBP

1,000

AUD

3,000

NZD

3,000

EUR

3,000

Fall-below Fee

USD

15

GBP

10

AUD

15

NZD

15

EUR

15

Early Account Closure Fee (Within 6 months)

USD

30

GBP

20

AUD

30

NZD

30

EUR

30

Account Periodic Review Fees
(For Foreign Business Entity and Specific Business Entity)

Minimum S$500 (or equivalent)

Account Setup Fee

A one-time setup fee may apply

Documents Required


 

For new customers

Account Application Form For New Clients


For existing customers

Account Application Form For Existing Clients

Account Info Update Form

Corporate Account Request Form (Cheque Book/Statement Request Form)

Corporate Account Closure Form

Corporate Account Fund Transfer Form

Remittance Form

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Disclaimer

All information is correct at time of publication. Other Terms and Conditions apply.

 
 
Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

 
 
Important Notice

This advertisement has not been reviewed by the Monetary Authority of Singapore.

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