Overview
This account is a call or demand deposit product that allows customers to deposit and withdraw on demand in foreign currencies. The account operates like a normal current account except that all transactions are non-cash and there is no cheque book provided.
| Types of Accounts |
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Export Proceeds Account (EXPA)
For exporters to retain export proceeds in foreign currency obtained from exporting physical goods
-
Non-Export Proceeds Account (NEPA)
For non-individuals to credit foreign currency obtained from activities other than above such as rental, fees, etc
-
Education / Employment Account (EDEA)
Solely for individuals to fund education abroad and/or to credit foreign currency obtained from employment overseas
-
Individual Account (INDA)
For individuals with no domestic borrowing to deposit foreign currency
|
| Eligibility |
Corporations and business entities – Account types 1 and 2
Individual or Joint account – Account types 3 and 4 |
| Available Currencies |
- EURO (EUR)
- Japanese Yen (JPY)
- US Dollar (USD)
- Singapore Dollar (SGD)
- Pound Sterling (GBP)
*Subject to changes |
| Features & Benefits |
- No cable charge for transfer from one type of WMCCA-i to another
- No service charge
- No maintenance fee
- No introducer required
- No minimum balance
- No initial deposit
- Internet Banking services
- 24-hour Customer Care Centre
- 24-hour Cheque & Cash Deposit Terminals
|
