Whether you're a frequent traveller, an overseas property owner, or simply someone looking to diversify your savings, managing multiple currencies doesn’t have to be complicated. The UOB Global Currency Account makes it easy to hold and convert between 10 major currencies, all within a single digital platform. Linked seamlessly to your UOB SGD base account, it’s ideal for those who want the flexibility of a multi-currency wallet without giving up the familiarity and security of a local bank.

Let’s take a closer look at how this account works, what benefits it offers, and how it compares to other multi-currency solutions in Singapore.

>> MORE: What is a multi-currency account, and how does it work?

The UOB Global Currency Account is one of the strongest multi-currency offerings from a traditional bank in Singapore. It combines the security of a regulated bank with the flexibility of a digital FX wallet, giving users access to 10 major foreign currencies, real-time conversion tools, and the ability to earn interest on eligible balances. It's especially useful for travellers, international investors, and individuals with cross-border financial obligations. While it may not have the ultra-low fees of fintech platforms like Wise or YouTrip, it makes up for it with higher interest rates, seamless integration with your SGD account, and full banking features.

This account is ideal if you’re already banking with UOB and want to consolidate your SGD and FX needs into one ecosystem — or if you’re looking for a stable multi-currency solution that earns more than zero.

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The UOB Global Currency Account is a multi-currency deposit account that allows you to hold, receive, and transfer up to 10 foreign currencies: AUD, CAD, CHF, EUR, GBP, HKD, JPY, NZD, USD, and CNH. The account is accessible via the UOB TMRW app, where you can convert currencies instantly at your preferred rates, track exchange movements, and transact with minimal fuss.

Your Global Currency Account is linked to your UOB SGD account, making it easy to fund foreign currency purchases or switch between currencies as needed. You can also use your UOB debit card overseas and spend in the local currency you hold, avoiding additional FX charges.

Interest rates (as of 2025)

1. Convert currencies instantly at competitive rates

You can convert currencies on demand via the UOB TMRW app. This means you're not stuck with unfavourable rates or limited conversion windows. When the rate looks good, make your move — no need to wait for the branch to open.

» MORE: Cash vs. multi-currency cards: Pros & cons

2. Use your debit card overseas without extra fees

The account links to your UOB debit card, so you can spend like a local when travelling — provided you have sufficient funds in that currency. This eliminates unnecessary currency conversions and gives you greater control over your overseas spending.

3. Fund overseas needs conveniently

Planning to send money to loved ones, pay overseas mortgages, or fund education expenses? This account supports outward remittances in all 10 currencies, letting you manage cross-border payments efficiently and affordably.

The UOB Global Currency Account is ideal for people with recurring FX needs. But it’s not a one-size-fits-all solution. Here's who it suits best — and who may want to consider alternatives.

Ideal for:

1. Frequent flyers and digital nomads: If you travel often or work across countries, this account lets you hold multiple currencies and spend without extra fees. It also streamlines your financial management when dealing with different currencies.

2. International investors: Holding foreign currency balances in your UOB account lets you fund international investments without unnecessary FX losses. You can also benefit from competitive interest rates on eligible balances.

3. Foreign property or mortgage holders: If you have overseas real estate or need to service a foreign currency mortgage, this account simplifies monthly payments and gives you control over timing your conversions.

Not ideal for:

1. Users who only spend locally: If your transactions are mostly in SGD, there’s limited value in a multi-currency account. You may be better off with a high-interest SGD savings account.

2. People needing less common currencies: This account only supports 10 currencies. If you regularly use currencies like INR, IDR, or PHP, you’ll need to look elsewhere.

Multi-currency accounts are not all created equal — some are designed for spending, others for saving or investing. Here's how the UOB Global Currency Account compares to other popular options in Singapore, including traditional banks and digital alternatives.

» MORE: Pros and cons of multi-currency accounts 

DBS My Account

The DBS My Account is often the go-to for DBS/POSB customers who want to manage both SGD and foreign currencies in one place. It supports up to 12 currencies, slightly more than UOB's 10. However, DBS My Account is more of a transactional account — it does not pay interest on foreign currency balances, nor does it offer real-time FX tools for rate optimisation.

In contrast, the UOB Global Currency Account offers more robust FX functionality through the UOB TMRW app. For those looking to grow their foreign currency holdings, UOB has a clear advantage. However, if you're already tied into the DBS ecosystem and don’t need interest or conversion tools, the My Account may be a more convenient fit.

Citi Global Foreign Currency Account

The Citi Global Foreign Currency Account also supports multiple currencies and has long been favoured by global investors and Citigold clients. It integrates with Citibank’s international network, which can be helpful for clients with banking needs across different countries. However, as Citibank is gradually winding down its retail banking business in Singapore, new clients may find it increasingly difficult to access or maintain this account.

In contrast, UOB’s offering is stable, well-supported locally, and continues to evolve within the UOB ecosystem. With a digital-first experience via the UOB TMRW app, real-time currency exchange, and competitive interest rates, the UOB Global Currency Account now fills the gap for those moving away from Citibank's services. It’s also more accessible for new clients looking to future-proof their multi-currency banking needs.

SCB Bonus$aver Multi-Currency Feature

The SCB Bonus$aver account includes a multi-currency wallet as one of its features, but accessing its full benefits is contingent on meeting multiple criteria — such as spending on the SCB Bonus$aver card, crediting your salary, and maintaining a minimum monthly balance. The FX component is not standalone and often functions as an add-on rather than a core feature.

In comparison, the UOB Global Currency Account focuses specifically on FX needs without tying rewards to your card spend or income. You can hold, convert, and earn interest on your balances without worrying about fulfilling monthly requirements. For users whose main goal is to manage currencies efficiently, UOB offers a cleaner, more purpose-driven experience.

To open a UOB Global Currency Account, you must:

• Be at least 21 years old

• Hold a UOB SGD base account (e.g. One Account, Stash, or Uniplus)

• Provide a valid ID and proof of address

Singaporeans, PRs, and foreigners residing in Singapore are eligible, subject to standard verification checks.

You can only apply for this account via a branch visit. Ensure you have all the required documents to enjoy a smooth onboarding.

» MORE: How to open a bank account online in Singapore

Read reviews of the various savings accounts in Singapore and what each account has to offer to find the best product for your needs: 

• Read the OCBC 360 Savings Account Review

• Read the UOB One Account Review

• Read the DBS Multiplier Account Review

• Read the Maybank Save Up Programme Review

• Read the CIMB FastSaver Savings Account Review

• Read the CIMB StarSaver Savings Account Review

• Read the Standard Chartered Bonus$aver Review

• Read the OCBC FRANK Savings Account Review

• Read the HSBC Everyday Global Account Review