Highlights & Benefits
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 |
USD |
|
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 |
USD 20,000 |
Early account closure fee (within 6 months) |
SGD 60 |
USD 50 |
Cheque |
First 2 cheque books free (50 leaves) |
First 2 cheque books free (50 leaves) |
*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 |
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 |
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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All information is correct at time of publication. Other Terms and Conditions apply.
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.
This advertisement has not been reviewed by the Monetary Authority of Singapore.