OCBC MULTI CURRENCY ACCOUNT (MCA)

Simplified cross-border payments for business

Why you will love this

Easily receive and pay in 10 currencies, with 5 major currencies (AUD, CNY, EUR, SGD and USD) auto-enabled at sign up

Add more currencies (CAD, GBP, HKD, JPY and NZD) during application, account maintenance or through other self service options coming soon

Enjoy low-cost cross-border payment with one of the lowest telegraphic transfer (TT) charges in town

No set-up fee

View, manage and transact in one place via OCBC Velocity

Who can apply

Businesses registered with Suruhanjaya Syarikat Malaysia (SSM) – including SMEs as defined by SME Corporation Malaysia

To support businesses growing internationally, we designed our Multi Currency Account that enables up to 10 currencies.

At sign-up, 5 major currencies (AUD, CNY, EUR, SGD and USD) are auto-enabled.

BENEFITS

Receive and pay easily

Transact like a local with up to 10 major currencies: AUD, CAD, CNY, EUR, GBP, HKD, JPY, NZD, SGD and USD.

Transact like a local with up to 10 major currencies: AUD, CAD, CNY, EUR, GBP, HKD, JPY, NZD, SGD and USD.

Digital banking, anytime

Stay seamlessly connected to your business finances with OCBC Velocity and the OCBC Business Mobile Banking app - our award-winning digital platforms - giving your 24/7 access across desktop and mobile.

Stay seamlessly connected to your business finances with OCBC Velocity and the OCBC Business Mobile Banking app - our award-winning digital platforms - giving your 24/7 access across desktop and mobile.

Cost effective and efficient

Transact directly with the currency of your choice and enjoy one of the lowest telegraphic transfer (TT) charges. For more info, please refer to Network Transfer and OCBC Flash

Transact directly with the currency of your choice and enjoy one of the lowest telegraphic transfer (TT) charges. For more info, please refer to Network Transfer and OCBC Flash

No more waiting time

Foreign currency is automatically enabled when a deposit is made to you without further paperwork.

Foreign currency is automatically enabled when a deposit is made to you without further paperwork.

Take you business beyond borders

Expand your business reach across international markets and unlock new opportunities

Expand your business reach across international markets and unlock new opportunities

TOOLS FOR YOUR BUSINESS

Business Internet Banking (OCBC Velocity)

  • Get a quick overview of your account, payments, collections, and transactions.
  • Access detailed reports to make informed business decisions.
  • Get intuitive steps to complete transactions faster and with ease.

  • Get a quick overview of your account, payments, collections, and transactions.
  • Access detailed reports to make informed business decisions.
  • Get intuitive steps to complete transactions faster and with ease.

Business Mobile Banking

  • Get instant access to your account balances with a fingerprint login.
  • Make payments and approve transactions on the go.

  • Get instant access to your account balances with a fingerprint login.
  • Make payments and approve transactions on the go.

FX Online platform

View live FX rates and book contracts instantly via OCBC Velocity.

View live FX rates and book contracts instantly via OCBC Velocity.

BEFORE YOU APPLY

Eligibility requirement

Business registered with Suruhanjaya Syarikat Malaysia (SSM) - including SMEs as defined by the SME Corporation Malaysia


Deposit requirements

To fulfil with any one of the above initial deposit amounts & View interests rates



Important notices

Protected by PIDM up to RM250,000 for each depositor.

  1. This deposit is an eligible deposit insured by Malaysian Deposit Insurance Corporation (PIDM). PIDM insures eligible deposits for up to RM250,000 per depositor per bank. The RM250,000 limit includes both the principal amount of a deposit and the interest/return. Islamic and conventional deposits are eligible for a separate coverage limit of RM250,000.Deposit protection is automatic.
  2. PIDM protects depositors holding deposits with banks.
  3. There is no charge to depositors for deposit insurance protection.
  4. Should a bank fail, PIDM will promptly reimburse depositors over their deposit.

For more information, refer to the PIDM information brochures that are available at our counter or visit www.pidm.gov.my.


READY TO APPLY?

Get your Multi Currency Account today