Multi currency business accounts in Singapore: providers and costs

Snapshot

Several providers let a Singapore business hold and convert multiple currencies in one account. Neobanks such as Wise, Airwallex, and Aspire offer multi currency accounts with local account details in major currencies, while the local banks DBS, OCBC, and UOB offer multi currency accounts with branch and lending access. Costs centre on the foreign exchange markup, not just the monthly fee. As of 17 April 2026.

Neobank multi currency: Wise holds funds in dozens of currencies, Airwallex holds 20 or more, Aspire holds and converts several. As of 17 April 2026.
Local bank multi currency: DBS, OCBC, and UOB list multi currency accounts with branch and lending access. As of 17 April 2026.
Main cost: The foreign exchange markup on conversion, plus any SWIFT charge on international wires. As of 17 April 2026.
Always: Confirm the currencies, the markup, and how funds are held with the provider.

Fees and features as of 17 April 2026Last reviewed 17 April 2026

General information, not financial, legal, or tax advice. Verify current terms and eligibility with the provider before applying.

A multi currency account lets a Singapore business hold balances in several currencies and convert between them, which suits firms that pay or get paid abroad. Among neobanks, Wise Business can hold funds in dozens of currencies and gives local account details in major ones after a one time setup fee reported at about 99 Singapore dollars, Airwallex can hold 20 or more currencies with local receiving accounts in several markets, and Aspire holds and converts multiple currencies. The local banks DBS, OCBC, and UOB also offer multi currency accounts, with branch and lending access alongside. The cost that matters most is the foreign exchange markup on conversion, not the monthly fee alone. Figures are shown as of 17 April 2026, so confirm current terms with each provider.

What a multi currency account does

A multi currency account holds balances in more than one currency at once and lets you convert between them when you choose, rather than forcing every payment through Singapore dollars. For a firm that buys from suppliers abroad or sells to overseas customers, this can cut the number of conversions and let you hold a currency until the rate suits. The headline monthly fee is rarely the main cost. The foreign exchange markup applied on each conversion usually matters more, since it scales with the amount you convert. As of 17 April 2026.

Multi currency accounts from neobanks

Wise Business charges a one time setup fee reported at about 99 Singapore dollars to enable local account details, then holds funds in dozens of currencies on a pay per use basis with the markup shown before you confirm. Airwallex can hold 20 or more currencies and opens local receiving accounts in several markets, with receiving reported as free and a foreign exchange markup reported at about 0.4 percent on its plans. Aspire holds and converts multiple currencies with free local transfers and a foreign exchange markup reported at about 0.23 to 0.34 percent. These providers are payment service firms rather than full banks, so funds are safeguarded or held at partner banks rather than covered by the SDIC deposit insurance scheme. As of 17 April 2026. Confirm the currencies and the markup with each provider.

Multi currency accounts from local banks

DBS, OCBC, and UOB list multi currency accounts that hold a range of currencies alongside a full branch, cash, and lending service. These accounts can carry a monthly fee or a minimum balance, and the foreign exchange and SWIFT pricing is often quoted on request rather than published in full. They suit businesses that want a local bank relationship and lending as well as multi currency holding. As of 17 April 2026. Verify the currencies, the markup, and the fees with each bank.

What to check on a multi currency account

The right account depends on these points more than the monthly fee. Amounts vary by provider. Verify with the provider

The list of currencies you can hold, and which ones come with local account details for receiving.
The foreign exchange markup on conversion, since it usually drives the real cost.
Any SWIFT charge on international wires, and how customer funds are held and protected.

How to compare multi currency accounts

List the currencies you actually receive and pay in, and how much you convert each month.
Compare the foreign exchange markup and any SWIFT charge across providers, not just the monthly fee.
Confirm the currencies, the markup, and how your money is held with each provider before you open or fund the account.

Compare business accounts available in Singapore

These providers accept business customers in Singapore. Fees and eligibility shown as of 17 April 2026. Confirm current terms with the provider before applying.

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Questions about multi currency accounts in Singapore

Which providers offer multi currency business accounts in Singapore?

Neobanks such as Wise, Airwallex, and Aspire offer multi currency accounts with local account details in major currencies, and the local banks DBS, OCBC, and UOB offer multi currency accounts with branch and lending access. As of 17 April 2026. Confirm the currencies with the provider.

What does a multi currency account actually cost?

The main cost is usually the foreign exchange markup on conversion rather than the monthly fee. Airwallex reports a markup of about 0.4 percent and Aspire about 0.23 to 0.34 percent, while Wise shows its markup before you confirm. International wires over SWIFT can carry a separate charge. As of 17 April 2026. Verify the full fee schedule with the provider.

How many currencies can I hold?

It varies. Wise can hold funds in dozens of currencies, Airwallex can hold 20 or more, and Aspire holds and converts several. The local banks hold a range of major currencies. As of 17 April 2026. Confirm the current list with the provider.

Are funds in a multi currency neobank account protected?

Neobanks such as Wise, Airwallex, and Aspire are payment service providers rather than full banks, so customer funds are safeguarded or held at partner banks rather than covered by the SDIC deposit insurance scheme. Foreign currency deposits at DBS, OCBC, and UOB are generally not covered by that scheme either. As of 17 April 2026. Confirm with the provider.

Fees, features, and eligibility change and vary by region. This page was last reviewed on 17 April 2026. Confirm current terms with the provider before applying.

Multi currency accounts in Singapore