12 best multi-currency accounts in Singapore: 2026 guide

Key takeaways:

• A multi-currency account lets you receive, hold, and pay in multiple foreign currencies from one place. It typically comes with local account details in key markets, so you don't need to open separate overseas bank accounts.

• For businesses, the right multi-currency account helps you avoid forced conversions, cut hidden FX and transfer fees, and streamline reconciliation across currencies. For individuals, it simplifies overseas spending and getting paid in foreign currencies.

• Airwallex gives businesses a global wallet with competitive FX, S$0 local-rail transfers to 120+ countries, plus integrated tools like Corporate Cards, Bill Pay, Expense Management, and a payment gateway, all in one platform.

If you're looking for the best multi-currency accounts in Singapore, the right choice depends on how you plan to receive, hold, spend, and convert foreign currencies.

Some accounts are designed for individuals travelling or spending overseas, while others are built for businesses managing international payments, suppliers, and multiple currencies.

In this guide, we've compared 12 multi-currency accounts available in Singapore.

Whether you're a frequent traveller, receive income from overseas, or run a business with international customers and suppliers, this guide will help you find the right account for your needs.

What is a multi-currency account?

A multi-currency account lets you receive, hold, and pay in different foreign currencies from a single wallet, instead of opening separate foreign currency accounts for each market.

You can keep balances in multiple currencies, choose when to convert, and avoid unnecessary double conversions every time a customer pays you or you pay a supplier.

To learn more, read our guide on what is a multi-currency account.

Best multi-currency accounts in Singapore (personal use)

Personal multi-currency accounts can make overseas spending and receiving foreign currency more convenient, but the features vary widely between providers.

Here are the best options to consider based on currency coverage, FX fees, spending features, and overall flexibility:

This information is based on publicly available information accessed on 13 Aug 2026. Information reflects Airwallex's own research and has not been independently verified.

1. Revolut

Revolut is a strong choice for individuals who prioritise broad currency coverage and flexible international spending. It supports 30+ currencies and combines currency exchange, international transfers, and card spending in one app.

It's particularly suited to frequent travellers and people who regularly move money between currencies. The Standard plan has exchange limits and a weekend surcharge, while paid plans offer higher allowances.

Key features:¹

• 30+ currencies for holding, exchanging, and spending

• Physical and virtual cards

• International transfers to 150+ countries

• In-app currency exchange

• MAS-regulated e-money account

Information in this section is based on Revolut’s official website as of 13 Aug 2026.

2. HSBC Everyday Global Account

The HSBC Everyday Global Account is suited to individuals who want multi-currency functionality alongside a traditional Singapore bank account. It supports 11 currencies and gives you access to HSBC's wider banking services.

It's a good option if you prefer a conventional bank relationship over an e-money account, although its currency coverage is narrower than Revolut's.

Key features:²

• 11 currencies, including SGD, AUD, CAD, CHF, CNH, EUR, GBP, HKD, JPY, NZD, and USD

• No FX fee in supported currencies

• HSBC Global Money Transfers in 60+ currencies

• Everyday Global Debit Card

• SDIC-insured SGD deposits

Information in this section is based on HSBC’s official website as of 13 Aug 2026.

3. Standard Chartered Bonus$aver (Multi-Currency Feature)

Standard Chartered takes a different approach: its multi-currency functionality is built into Bonus$aver or Wealth $aver, rather than offered as a standalone account.

It's suited to individuals who want foreign-currency spending alongside a broader Standard Chartered banking relationship, with up to 14 currencies available.

Key features:³

• Up to 14 currencies, including SGD and 13 foreign currencies

• Multi-currency-enabled debit card

• LiveFX for currency conversion

• International transfers through SC Online Banking and SC Mobile

• Standard Chartered savings and banking services

Information in this section is based on Standard Chartered’s official website as of 13 Aug 2026.

Best multi-currency accounts in Singapore (business use)

For business accounts, currency support is only part of the equation.

Businesses should also consider FX and transfer costs, payment capabilities, and accounting integrations when choosing a multi-currency account. Here’s a quick overview:

This information is based on publicly available information accessed on 13 Aug 2026. Information reflects Airwallex's own research and has not been independently verified.

1. Airwallex Business Account

Airwallex is the most comprehensive option in this comparison for businesses that want to bring payments, spending, and financial operations onto one platform.

It is particularly well suited to companies with significant cross-border activity, as it combines multi-currency accounts and payment collection with local-rail payouts, corporate cards, expense management, Bill Pay, and payment acceptance.

It is also the strongest fit for businesses looking beyond basic banking. Instead of using separate tools for collecting payments, paying suppliers, managing employee spend, and reconciling transactions, businesses can manage these workflows within a single platform.

Key features:

• Hold and manage 20+ currencies in a single wallet

• Transfers to 200+ countries

• Collect funds like a local in 70+ countries

• Competitive FX fees at 0.4% to 0.6% above interbank, saving you up to 80% on FX fees

• Multi-currency company and employee Corporate Cards with spend controls

• Expense management, including spend requests and reimbursements

• Integrations with accounting and business platforms including Xero, QuickBooks, NetSuite, Amazon and Shopify

2. Aspire Business Account

Aspire is a digital business account that combines local payments, multi-currency capabilities, corporate cards, and expense management in one platform.

It's a good fit for businesses looking for a digital alternative to a traditional business account, particularly if they also want integrated tools for managing company spending.

Key features:

• Multi-currency business accounts in 8 currencies

• Local and international account details for receiving payments

• Send and receive payments in 30+ currencies across 130+ countries

• Multiple SGD accounts with separate account numbers

• Virtual and physical corporate cards

• Expense management with spend controls, approval workflows and reimbursements

• Accounting integrations including Xero, QuickBooks, NetSuite, Deskera and SAP

For more details, read our Aspire Business Account review.

Information in this section is based on Aspire’s official website as of 13 Aug 2026.

3. YouBiz Business Account (YouTrip)

YouBiz is a strong fit for businesses that have significant day-to-day corporate card spending, particularly on travel, online advertising, software subscriptions, and other business expenses in foreign currencies.

It combines multi-currency accounts, corporate cards, and expense management in one platform, making it easier for businesses to manage employee spending and track expenses.

It's particularly useful for SMEs that want to give employees controlled access to company funds while keeping spending visibility and expense records in one place.

Key features:

• Multi-currency accounts with local account details in SGD, USD, EUR, GBP, JPY, HKD, AUD and CHF

• Virtual and physical corporate cards

• Unlimited corporate cards

• Multi-currency card spending

• Individual employee cards with spending controls

• Expense tracking and management

• Xero integration

For more details, read our YouBiz Business Account review.

Information in this section is based on YouBiz’s official website as of 13 Aug 2026.

4. Wise Business Account

Wise is best suited to businesses that regularly receive, hold, convert, and send money internationally.

Its multi-currency account gives businesses access to local receiving details across multiple currencies, while its broad currency coverage makes it useful for companies working with customers, suppliers, or contractors in different countries.

It's particularly useful for businesses that prioritise international money movement and straightforward FX rather than needing a broader set of business-finance tools.

Key features:

• Hold and convert 40+ currencies

• Local account details in 24 currencies

• Receive money from customers and marketplaces using local account details

• Send payments to 140+ countries

• Multi-currency business account

• Debit card for business spending

• Accounting integrations including Xero and QuickBooks

For more details, read our Wise Business Account review.

Information in this section is based on Wise’s official website as of 13 Aug 2026.

5. DBS Business Multi-Currency Account

DBS is a strong fit for businesses that want traditional banking alongside multi-currency capabilities.

The account sits within DBS's broader business banking ecosystem, giving businesses access to foreign-currency management alongside lending, trade finance, and other banking services.

It's particularly suited to established businesses that prefer to keep their banking relationship with a traditional bank and want to manage SGD and foreign currencies within the same banking relationship.

Key features:

• Business Multi-Currency Account supporting 13 currencies

• SGD and foreign-currency wallets under one account relationship

• Ability to hold, send, and receive funds in supported currencies

• DBS IDEAL digital banking platform

• FAST and GIRO payments

• Access to business loans, overdrafts and trade finance

• In-branch banking support

For more details, read our DBS business banking guide.

Information in this section is based on DBS’s official website as of 13 Aug 2026.

6. OCBC Multi-Currency Business Account

OCBC's Multi-Currency Business Account is a good fit for businesses that want to manage SGD and foreign-currency banking within an established OCBC relationship.

It combines multi-currency capabilities with OCBC's wider business banking services, making it suitable for businesses that want their banking, financing, and cash-management needs handled by one traditional bank.

Key features:

• Multi-Currency Business Account supporting 13 currencies

• Ability to hold, receive, and make payments in supported currencies

• OCBC account details for receiving foreign-currency payments

• FAST and GIRO payments for SGD

• OCBC Velocity online banking

• Access to business lending and overdraft facilities

• Cash management services

Information in this section is based on OCBC’s official website as of 13 Aug 2026.

7. UOB Corporate Global Currency Account

UOB's Corporate Global Currency Account is designed for businesses that want to add foreign-currency capabilities to an existing UOB banking relationship.

It provides access to multiple major currencies while allowing businesses to continue using UOB's broader business banking services, including regional banking, trade finance, and lending.

Key features:

• Multi-currency account supporting 10 major foreign currencies

• Foreign-currency accounts linked to a UOB SGD current account

• UOB Infinity digital banking platform

• Ability to hold and transact in supported foreign currencies

• Telegraphic transfers for international payments

• Access to UOB's regional banking network

• Access to trade finance and business lending services

Information in this section is based on UOB’s official website as of 13 Aug 2026.

8. Maybank Foreign Currency Current Account

Maybank's Foreign Currency Current Account is a good fit for businesses that have regular foreign-currency transactions and an established Maybank banking relationship, particularly those operating across Singapore, Malaysia, and other regional markets.

It provides a straightforward way to hold and transact in major foreign currencies alongside Maybank's broader business banking services.

Key features:

• Foreign-currency current account supporting 8 currencies

• Ability to deposit and withdraw funds in supported currencies

• Telegraphic transfers for foreign-currency payments

• Maybank's regional banking network

• Access to trade finance services

• Access to broader Maybank commercial banking services

• Cash management and business banking services

Information in this section is based on Maybank’s official website as of 13 Aug 2026.

9. CIMB Foreign Currency Current Account

CIMB's Foreign Currency Current Account is a good fit for businesses that have regular foreign-currency transactions across Singapore, Malaysia, and other regional markets.

Its currency coverage includes both CNH and HKD, making it particularly relevant for businesses with payment or trade flows involving China and Hong Kong.

Key features:

• Foreign-currency current account supporting 7 currencies: AUD, CAD, CNH, GBP, HKD, NZD and USD

• Ability to hold and transact in supported foreign currencies

• BizChannel@CIMB online banking platform

• Virtual account service

• Free e-alerts

• Telegraphic transfers for international payments

• Access to CIMB's regional business banking services

Information in this section is based on CIMB’s official website as of 13 Aug 2026.

How to choose the right multi-currency account in Singapore

The right multi-currency account depends on how you plan to use it.

The factors that matter most for a personal account are different from those that matter for a business, so consider the following before choosing a provider.

If you're choosing a personal multi-currency account

• Currencies supported: Check that the account supports the currencies you regularly hold, spend or send, rather than choosing based solely on the total number of currencies available.

• FX rates and fees: Compare the exchange rate and any conversion fees, particularly if you regularly convert larger amounts.

• International transfers: Look at transfer fees, supported payment methods and any limits on sending money overseas.

• Card and overseas spending: If you plan to use the account while travelling, check whether it comes with a debit card and what you'll pay for overseas card transactions and ATM withdrawals.

• Account fees: Check for monthly fees, minimum balance requirements and other charges that could make the account more expensive over time.

If you're choosing a business multi-currency account

• Currencies and local account details: Check which currencies you can hold, send and receive, and whether the provider gives you local account details for key markets. This can make it easier and cheaper to receive payments from overseas customers.

• FX rates and fees: Compare the provider's exchange rates and conversion fees, especially if your business regularly converts large amounts between currencies.

• Transfer fees and payment rails: Look at the cost of local and international transfers, including SWIFT payments, and check whether the account supports the payment methods your business needs.

• Corporate cards and expense management: If employees need to spend on behalf of the business, consider whether the account includes corporate cards, spending controls and expense management tools.

• Accounting and business integrations: Check whether it connects with your accounting software and other tools you already use. Features such as invoicing, bill payments and automated reconciliation may also be useful.

• Fees and transaction limits: Compare monthly fees, transfer allowances, card fees and any transaction or balance limits that could affect your costs as your business grows.

Airwallex: The most complete multi-currency account for businesses scaling globally

With the ability to hold 20+ currencies, S$0 local-rail transfers to 120+ countries, and competitive FX rates that can save businesses up to 80% on FX fees, Airwallex covers the essentials for managing money internationally.

For Singapore businesses expanding overseas, this can translate into lower costs and less time spent managing international payments.

Love, Bonito, for example, used Airwallex Global Accounts and FX & Transfers to replace legacy banking setups, cutting cross-border transfer fees by 25% and getting 95% of international payments to arrive on the same day.

Frequently asked questions (FAQs)

Do I need a multi-currency account?

You need a multi-currency account if you regularly earn, hold, or pay money in foreign currencies and want to avoid constant conversions back to SGD. If you transact overseas only a few times a year, a standard SGD account plus an occasional FX transfer or travel card is usually enough. The more frequently you deal in foreign currencies, the more a dedicated multi-currency account will save you in fees and friction.

What is the difference between a personal and a business multi-currency account?

Personal multi-currency accounts are designed for individuals managing travel spend, overseas income, or personal FX needs. Business multi-currency accounts go further: they support collections from customers, payouts to suppliers, corporate cards for teams, expense management, and integrations with accounting software. If you're running a business, a personal account won't give you the operational infrastructure you need as you grow.

Is a multi-currency account safe in Singapore?

Yes, all providers in this article are regulated by MAS, so your funds are protected. The key difference is that traditional banks (DBS, OCBC, UOB, Maybank, CIMB) hold SGD deposits insured by SDIC up to S$100,000 per depositor, while fintech platforms (Airwallex, Wise, Aspire, Revolut, YouBiz) safeguard funds as e-money with approved financial institutions — which is protected, but not covered by SDIC.

How can a multi-currency account benefit my business?

A business multi-currency account lets you avoid forced FX conversions every time you get paid or make a payment in a foreign currency. Instead of auto-converting everything back to SGD, you can receive, hold, and pay in those currencies from one place, cutting FX costs and double conversions. It also simplifies reconciliation and cash-flow management, because you see all your currency balances and cross-border payments in a single dashboard instead of juggling several bank portals.

What is the process for opening a multi-currency account in Singapore?

To open a multi-currency account in Singapore, you choose a provider, submit an application, and complete identity and business verification checks. Traditional banks typically require an in-person branch visit for verification, while fintech platforms like Airwallex complete the same Know Your Customer (KYC) process fully online. For business accounts, you'll generally need your company registration documents, identification for directors and beneficial owners, and details of your business activities.

Which multi-currency account is best for SMEs in Singapore?

For SMEs with regional or global growth plans, Airwallex is often the strongest choice because it combines a multi-currency wallet, low FX margins, S$0 local-rail transfers, and integrated tools on one platform. If you need lending, cash services, or in-branch support, a traditional bank's multi-currency account will still play a role alongside your fintech platform.

Sources:

1. https://www.revolut.com/en-SG/

2. https://www.hsbc.com.sg/accounts/products/everyday-global/, https://www.hsbc.com.sg/accounts/products/global-money-transfers/faq/

3. https://www.sc.com/sg/save/current-accounts/bonussaver/, https://www.sc.com/sg/save/mca/

4. https://aspireapp.com/business-account, https://aspireapp.com/pricing, https://aspireapp.com/global-account

5. https://www.you.co/biz/youbiz-home/, https://www.you.co/biz/fx-transfers/, https://www.you.co/biz/multi-currency-accounts/ 

6. https://wise.com/sg/business, https://wise.com/help/articles/2897226/what-is-a-wise-account, https://wise.com/sg/pricing/business

7. https://www.dbs.com.sg/sme/day-to-day/accounts/dbs-business-multi-currency-account

8. https://www.ocbc.com/business-banking/smes/accounts/multi-currency-business-account, https://www.ocbc.com/business-banking/help-and-support/accounts-and-services/business-pricing-guide

9. https://www.uob.com.sg/business/accounts/corporate-global-currency-account.page, https://www.uob.com.sg/business/help-support/rates-fees/remittance-fees-outward.page

10. https://www.maybank2u.com.sg/en/business/local-enterprise/sme/manage-day-to-day/deposits/foreign-currency-current-account.page?, https://www.maybank2u.com.sg/en/bank-charges/fc/foreign-currency-accounts.page

11. https://www.cimb.com.sg/en/business/solutions-products/cash-management/commercial-current-accounts/cimb-foreign-currency-current-account.html