Be aware that if u r saving foreign currency in CASH, there is a extra chargeof 2% of the total amount u r putting in, and when u withdraw in cash, there will be another 2% of the total amount payable to the bank!
For timed deposit, the limit is what Daxiang stated. the 2% policy still applies as long as u r putting in cash.
Should be 1%, always check with respective banks...
Eligibility: If you are 21 years old and above, call personally at any DBS branch with your identity card or passport and the minimum initial deposit to open a Foreign Currency Fixed Deposit Account.
Minimum Initial Deposit: Placements can be as low as S$5,000 equivalent for most currencies for periods of 1, 2, 3 or 6 months.
Eligibility:If you are above 21 years old, call personally at any DBS branch with your identity card and the minimum initial deposit to open a DBS Foreign Currency Current Account.
Minimum Initial Deposit for USD Account Opening: USD 1,000
Service Charge: The service charge is payable monthly if the average daily balance in the account falls below the minimum initial deposit for account opening.
==>DBS Foreign Currency Fixed v.s. Current AccountForeign Currency Fixed Deposit Account
Eligibility: If you are 21 years old and above, call personally at any DBS branch with your identity card or passport and the minimum initial deposit to open a Foreign Currency Fixed Deposit Account.
Minimum Initial Deposit: Placements can be as low as S$5,000 equivalent for most currencies for periods of 1, 2, 3 or 6 months.
Foreign Currency Current Account
Eligibility:If you are above 21 years old, call personally at any DBS branch with your identity card and the minimum initial deposit to open a DBS Foreign Currency Current Account.
Minimum Initial Deposit for USD Account Opening: USD 1,000
Service Charge: The service charge is payable monthly if the average daily balance in the account falls below the minimum initial deposit for account opening.
DBS Branch
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