Highlight & Benefits
Manage and monitor your transactions as your business flourishes
Managing a business is no easy feat. That’s why at RHB, we want to make it simple and easy for you to keep tabs on your transactions while you take advantage of our competitive interest rates. Transfer funds at your convenience as you enjoy remittance and treasury privileges only available to BizPower Quad Current Account customers. We make things easier for you.
Business funds that work hard for you
With this account, you can efficiently manage your transactions. You will be earning some of the best interest rates in the market. Upon sign-up, you will also get 2 cheques books for free with no service charge.
Flexible with great returns
Watch your money grow with high fixed deposit interest rates that are exclusive to BizPower Quad Current Account customers only. In addition, you get to decide on the fixed deposit tenure, while having the flexibility of transferring funds.
Minimum qualifying amounts for preferential fixed deposit rates are S$50,000 or US$30,000.
Easy global remittance
The BizPower Quad Current Account is ideal for your company. We offer free inward telegraphic transfers into your BizPower Quad Current Account and a flat cable charge of S$20 or US$20 per transaction for your outward telegraphic transfers with the commission fees waived when you transact via REFLEX.
Cutting-edge financial advantage
Your business is important to us. With preferential exchange rates that are exclusive to BizPower Quad Current Account holders, we aim to give your business the financial edge it needs.
SGD vs USD Account Comparison
SGD |
USD |
|
Min. Initial Deposit |
SGD 1,000 |
USD 1,000 |
Min. average daily balance |
SGD 15,000 |
USD 15,000 |
Fall-below fee |
SGD 50 |
USD 50 |
Interest Rate |
0.188% p.a. |
0.012% p.a. |
Min. average daily balance to qualify for interest |
SGD 20,000 |
USD 20,000 |
Early account closure fee (within 6 months) |
SGD 60 |
USD 50 |
Cheque |
First 2 cheque books free (50 leaves) |
First 2 cheque books free (50 leaves) |
*Interest rates are subject to change without notice.
Account Charges
Foreign Currency Current Accounts
Fees |
FCY Current Account |
BizPower Quad Current Account – USD |
BizPower Quad+ Current Account – USD |
||
Interest Rates (p.a.)* |
Non-interest bearing account |
0.012% (no cap) |
Amount |
Interest Rate |
|
From US$0 and above |
0.68% |
||||
Initial Deposit |
USD |
2,000 |
US$1,000 |
US$30,000 |
|
GBP |
1,000 |
||||
AUD |
3,000 |
||||
EUR |
3,000 |
||||
NZD |
3,000 |
||||
CAD |
3,000 |
||||
JPY |
300,000 |
||||
CHF |
3,000 |
||||
HKD |
10,000 |
||||
Minimum Average Daily Balance |
USD |
2,000 |
US$15,000 |
US$30,000 |
|
GBP |
1,000 |
||||
AUD |
3,000 |
||||
EUR |
3,000 |
||||
NZD |
3,000 |
||||
CAD |
3,000 |
||||
JPY |
300,000 |
||||
CHF |
3,000 |
||||
HKD |
10,000 |
||||
Fall-below Fee |
USD |
38 |
US$50 |
US$80 |
|
GBP |
5 |
||||
AUD |
10 |
||||
EUR |
10 |
||||
NZD |
10 |
||||
CAD |
10 |
||||
JPY |
1,000 |
||||
CHF |
10 |
||||
HKD |
50 |
||||
Minimum Average Daily Balance to qualify for interest |
N/A |
US$20,000 |
US$30,000 |
||
Early Account Closure Fee (Within 6 months) |
USD |
50 |
US$50 |
US$200 |
|
GBP |
25 |
||||
AUD |
50 |
||||
EUR |
50 |
||||
NZD |
50 |
||||
CAD |
50 |
||||
JPY |
5,000 |
||||
CHF |
50 |
||||
HKD |
250 |
||||
Minimum Charge on Incidental Overdraft (AC without overdraft facility) |
USD Prime (5.25%) + TOD Rate (5% p.a.) payable on overdrawn amount OR minimum USD10, whichever is higher |
||||
Cheque Books |
US$25 per cheque book (50 leaves) |
First 2 cheque books free (50 leaves) US$25 per cheque book (for each subsequent cheque book) |
First 2 cheque books free (50 leaves) US$25 per cheque book (for each subsequent cheque book) |
||
Account Periodic Review Fees |
Minimum S$500 (or equivalent) |
||||
Account Setup Fee |
A one-time setup fee may apply |
Foreign Currency Call Accounts
Fees |
FCY Current Account |
|
Initial Deposit |
USD |
2,000 |
GBP |
1,000 |
|
AUD |
3,000 |
|
NZD |
3,000 |
|
EUR |
3,000 |
|
Minimum Average Daily Balance |
USD |
2,000 |
GBP |
1,000 |
|
AUD |
3,000 |
|
NZD |
3,000 |
|
EUR |
3,000 |
|
Fall-below Fee |
USD |
15 |
GBP |
10 |
|
AUD |
15 |
|
NZD |
15 |
|
EUR |
15 |
|
Early Account Closure Fee (Within 6 months) |
USD |
30 |
GBP |
20 |
|
AUD |
30 |
|
NZD |
30 |
|
EUR |
30 |
|
Account Periodic Review Fees |
Minimum S$500 (or equivalent) |
|
Account Setup Fee |
A one-time setup fee may apply |
Documents Requirement
Account Application Form for Existing Customers
Account Application Form for New Clients
Account Info Update Form
Corporate Account Request Form (Cheque Book/ Statement Request Form)
Corporate Account Closure Form
Corporate Account Fund Transfer Form
Remittance Form
All information is correct at time of publication. Other Terms and Conditions apply.
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
This advertisement has not been reviewed by the Monetary Authority of Singapore.