DBS Multi Currency Account
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DBS

DBS Multiplier

DBS Vickers Securities

DBS Multi Currency Account

Bank Account

HC Tang
HC Tang, Financial Enthusiast, Budgeting at The Society
Level 8. Wizard
Answered on 23 Sep 2018
Yes you are right, DBS Multiplier is just a DBS MCA with steroid at higher interest rate. I don't see any downside except the min 3k balance or else with admin charges and the higher interest rates (eg.1.85%) comes at the cost that one must do 2 types of transactions with DBS.

DBS Multi Currency Account

DBS

DBS Vickers Securities

Investments

DBS vickers can buy USA, SG, HKSE etc DBS Vickers requires MCA A/C.

YouTrip

DBS Multi Currency Account

Travel

Lifestyle

Junus Eu
Junus Eu,
Top Contributor

Top Contributor (May)

Level 8. Wizard
Updated 2w ago
Personally, I prefer Youtrip for the competitive rates. I just used Youtrip on my Japan trip, and found rates to be comparable to what I could get from the Raffles Place money changers. Another big plus - when I was out of JPY for a transaction, it converted my SGD to JPY. Which also means, no small change that I need to change back to SGD when I get back! For me, that's a nice plus since I typically don't like to change it back to local currency. I don't mind using it as a one-way wallet, because I use Youtrip as an EZ-Link card as well for my local commute! Get S$10 free money after your first top up on Youtrip with this link! https://youtrip.app.link/HUI%20JUN128899 Update June 2019: 9 more available!

YouTrip

DBS Multi Currency Account

DBS

Junus Eu
Junus Eu,
Top Contributor

Top Contributor (May)

Level 8. Wizard
Updated 2w ago
Personally, I prefer Youtrip for the competitive rates. I just used Youtrip on my Japan trip, and found rates to be comparable to what I could get from the Raffles Place money changers. Another big plus - when I was out of JPY for a transaction, it converted my SGD to JPY. Which also means, no small change that I need to change back to SGD when I get back! For me, that's a nice plus since I typically don't like to change it back to local currency. I don't mind using it as a one-way wallet, because I use Youtrip as an EZ-Link card as well for my local commute! Get S$10 free money after your first top up on Youtrip with this link! https://youtrip.app.link/HUI%20JUN128899 Update June 2019: 9 more available!
About DBS Multi Currency Account
OperationsIf you shop online, spend abroad or invest in overseas or local markets you can get access to buy any currency when the rates are favourable, so you can keep it for shopping, investments or for overseas payments later.
TypeLink your DBS Visa Debit Card to enjoy direct foreign currency payments in up to 11 foreign currencies* in the MCA and enjoy no FX conversion fees when you shop online or travel with the DBS Visa Debit Card.
Currencies SupportedIt has 12 foreign currencies and the Singapore Dollar in one account. (Includes the AUD, USD, JPY, GBP, EUR, NZD and more)
FeesFree signup for VISA Debit card 0% Transaction fee 0% Top up fee

About DBS Multi-Currency Account

DBS Multi-Currency Account is a multi-currency bank account that lets you buy and save currencies at your preferred rates. Allowing you to exchange and spend your foreign currencies at any time.

DBS Multi-Currency Account Features

  • Buy and save up to 12 different currencies at your preferred rate at any time.
  • Receive custom notifications for FX rates of your choice on digibank.
  • No FX conversion fees or extra charges.
  • Transfer funds at little to no fees.
  • Invest directly in foreign currency products with the Multi-Currency Account and a DBS Vickers Account. Trade in up to 7 different overseas markets.

How It Works

  • Begin by opening a Multi-Currency Account

Currencies available

  • Singapore Dollar (SGD)
  • Australian Dollar (AUD)
  • Canadian Dollar (CAD)
  • Chinese Renmibi (Offshore) (CNH)
  • Euro (EUR)
  • Hong Kong Dollar (HKD)
  • Japanese Yen (JPY)
  • New Zealand Dollar (NZD)
  • Norwegian Kroner (NOK)
  • Sterling Pound (GBP)
  • Swedish Kroner (SEK)
  • Thai Bhat (THB)
  • US Dollar (USD)

You can check out DBS Multi-Currency Account’s full list of Interest Rates here.

  • Choose the currency you would like to exchange and make a fund transfer to lock in the rate in the Multi-Currency Account.
  • Link your DBS Visa Debit Card to enjoy direct foreign currency payments in up to 11 foreign currencies.

Eligibility

  • Applicants must be at least 18 years of age.

More Info

For more details, you can check out DBS Multi-Currency Account’s page here. And their FAQ here.

DBS Multi-Currency Account Contact Info

Phone: 1800 111 1111