Singapore Bank account or something that accepts SGD?

[Du1point8]

I do a lot of travel and have investments in several countries, Singapore being one of them, if I want to open a SGD account I can use Citi and being a non resident (there for business meetings) I would be required to hold $200,000 in the account.

This is not something I want to do, I just want an account that I can put SGD in and hold it there, all so I don't get stung with a exchange rate/FX hit for using my UK/AUS card to buy lunch, etc. Fed up having to go to a HSBC and withdraw $$$ for a week and so always having cash.

How can I do it?

I have looked up Revolute and such but then its limited to UK/AUS and then FX charges, and even then I cant get a bank transfer from anyone else to top up, so still stuck if my SG investment wants to send on profits to me.

[anonymous-user]

Have a look at the Caxton card, really easy to use and you can load up in GBP and swap the currency from your phone to appx 25 currencies of which S$ is one.

[Du1point8]

Trexthedinosaur said:

Have a look at the Caxton card, really easy to use and you can load up in GBP and swap the currency from your phone to appx 25 currencies of which S$ is one.

I can do that with Revolute, I was looking for something I can either keep in SGD or put SGD into from an external company.

[williaa68]

SGD is a restricted currency - it is basically freely tradable if you live there and use a local bank or a foreign bank in Singapore but the ability of non-Singapore banks to offer SGD assets is limited. Given the SGD effectively yields zero could you not just buy, say, 10k at a time while you are there (with USD ideally) and then pay cash? All that said, using a no-fee card would be easier!

[Tumbler]

You can hold currency account with HSBC, but the function is limited, you can't pay cash in to it and it doesn't come with a debit card.

[Du1point8]

Tumbler said:

You can hold currency account with HSBC, but the function is limited, you can't pay cash in to it and it doesn't come with a debit card.

Hmmm... no cash and don't care if no card as I can transfer out is all that I care about with TransferWise... revolute might have to be the back up.