Best EUR accounts in Singapore

EUR accounts are available for day to day use, and for saving, investing and sending payments, from digital providers like Wise, and from several global or Singapore-based banks. This guide covers all you need to know to select the right EUR currency account based on your transaction needs.

What is a EUR currency account?

A EUR currency account is an account which lets you hold euros.

Euro accounts are available as single currency accounts, and multi-currency accounts which let you hold EUR as well as currencies including SGD, and other major European currencies like GBP. Depending on the EUR account you pick you may be able to receive EUR payments with local account details, send money in EUR, or get a linked debit card to spend and withdraw euros conveniently.

What can you do with a EUR account in Singapore?

You might benefit from a EUR account in Singapore if you’re an expat, international student, frequent traveller, digital nomad, freelancer or business owner. Different accounts focus on different customer needs, to allow you to transact easily whatever your situation.

Here are some common uses for a euro account:

• Hold and convert between EUR and other currencies: If you manage your money across euros, Singapore dollars (SGD) and other currencies, a euro account makes this simple and allows you to view all your funds in one place.
• Receive payments in EUR: Business owners and freelancers – and anyone who receives payments in euros – could use a EUR account to receive money with local account information, for quick and cheap transfers.
• Send payments in EUR: Whether you’re sending money to a family member or paying a bill, using a EUR account can make the transfer hassle free, and may also cut the costs associated with cross border payments.
• Spend and withdraw EUR: With providers like Wise you can spend with a linked card, online and in person, and also get cash in Europe for spending while you’re on your travels.

Types of EUR accounts in Singapore

EUR accounts on the Singapore market usually fall into one of two categories – here are what you’ll find, alongside a quick introduction to the providers featured in this guide:

Multi currency accounts: Hold EUR and other currencies in a multi-currency account, to view your balance across all currencies and convert between them easily. Multi-currency accounts can support 40+ currencies in some cases, and products from some banks or digital first providers like Wise and Revolut also offer linked cards for convenient spending.

• Wise Account: Hold 40+ currencies, and get a debit card and local account details for receiving 8+ currencies including EUR, plus SWIFT details for receiving 20+ currencies easily.
• Revolut Account: Hold 25+ currencies and get local details to receive SGD and SWIFT details to receive other supported currencies. Card available for spending and withdrawals.
• DBS My Account: Instant access account supporting 13 currencies, with ways to deposit and withdraw foreign cash in a branch (fees may apply). Link to your DBS debit card easily.
• UOB Global Currency Account: Supports holding and payments in 10 global currencies. No card service with this account but you may be able to get a cheque book or deposit cheques you’re given.

Foreign currency accounts: Foreign currency accounts are commonly the option offered by Singapore banks for saving, particularly for time deposit saving accounts which can get higher rates of return than easy access products. These accounts support only 1 currency, and may be a convenient way to save and invest in a foreign currency – but can’t be easily accessed for day to day transactions.

• Standard Chartered Foreign Currency Time Deposit Account: Terms from 1–12 months on EUR deposits, with variable rates depending on the value and term selected. 5,000 EUR minimum placement.
• HSBC Foreign Currency Time Deposit Account: Deposit 25,000 EUR minimum, with terms from 1 – 12 months, and variable returns on your investment.

Best EUR currency accounts in Singapore

EUR currency accounts in Singapore are available for individual and business customers. Specialist providers like Wise or Revolut cater to customers looking for flexible account and card services, while banks like DBS and UOB also have multi-currency accounts with varied features. If you’re trying to find the best way to save EUR to earn a strong return, there are also time deposit foreign currency accounts from banks like Standard Chartered and HSBC which can help.

There’s no single ‘best’ euro account for Singapore-based users—compare options based on how you’ll transact (payments, savings, card use, branch support).

If you want to send payments, save and invest, and prefer face to face service in a branch, a bank might be your best option. Or if you’re looking for an account to hold a selection of currencies for daily use, with a debit card for withdrawals and spending online and in person, a provider like Wise or Revolut may be a better fit.

Here we’ve selected some different providers and banks offering EUR accounts in Singapore for personal and business use, looking at convenience, cost and customer intention.

Read on to learn more about each and how their EUR account in Singapore works.

💡 At a glance
Wise Account	Hold and exchange EUR and 40+ other currencies, spend with a Wise card in 150+ countries, send and receive payments globally in SGD, EUR and more.
Revolut Account	Choose from 3 different account plans which all offer a debit card, and support 25+ currencies for holding and withdrawal. Travel perks available on some account tiers.
DBS My Account	Digital multi-currency bank account supporting EUR as well as 12 other currencies. Accounts have no minimum balance or monthly fee, and offer the option to link to a DBS debit card.
UOB Global Currency Account	10 currencies supported, including EUR with a minimum holding balance of 900 euros. Hold EUR, send transfers, and convert in your account conveniently – but there’s no card for spending in stores.
Standard Chartered Foreign Currency Time Deposit Account	Unlock favourable exchange rates when you deposit at least EUR 5,000. You’ll need to lock away funds for an agreed term of 1 – 12 months to avoid fees or penalties.
HSBC Foreign Currency Time Deposit Account	Time deposits from 1 – 12 months tenor which start from a minimum deposit of 25,000 EUR. Preferential terms for customers with Premier status.

Wise EUR account

Open a Wise Account online or in the Wise app, for personal or business use, and hold EUR alongside SGD and 40+ other currencies all in the same account. You can exchange between currencies in the app with the mid-market rate and low, transparent fees, order an optional debit card for spending and cash withdrawals, and send and receive payments globally in SGD, EUR and more.

Accounts offer local and SWIFT details to receive payments, with no fee to receive EUR (non-wire, non-SWIFT payments ) to your Wise account. There’s a small Wise fee to receive wires and SWIFT payments.

• Hold and exchange EUR and 40+ other currencies
• Mid-market currency exchange with low, transparent fees
• Use your Wise card in 150+ countries for spending and cash withdrawals

Account opening fee: No opening fee for personal customers. Business customers pay 99 SGD for full feature access. No minimum balance

Eligibility criteria: Available to residents of Singapore and many other countries and regions globally

Supported currencies: 40+ currencies, including SGD and EUR.

Monthly fees: None

Exchange rates: Mid-market exchange rates

Feature availability, eligible countries, and limits depend on your location and account type. Not all features are available in all countries.

Revolut EUR Account

You can open 3 different types of Revolut Account as a personal customer in Singapore, with additional plan options for business customers. As a personal customer you can choose a Standard plan with no monthly fee, or upgrade to a plan with maintenance fees of up to 21.99 SGD/month.

Higher tier plans offer more no fee transactions, discounts and perks – but all accounts have a linked debit card and ways to convert in the account between 25+ currencies including SGD and EUR.

• Hold and exchange many currencies in the same account
• Select your account plan based on your transaction needs
• Personal and business services offered

Account opening fee: No opening fee, no minimum balance

Eligibility criteria: Available to residents of Singapore and many other countries and regions globally

Supported currencies: EUR, SGD and 25+ other currencies

Monthly fees: Personal customers pay 0 SGD–21.99 SGD/month, business customers 0 SGD–417 SGD/month

Exchange rates: Weekday currency exchange uses the Revolut rate to plan limits. After this fair usage fees of up to 1% may apply depending on the plan. Weekend exchange may attract an extra fee up to 1%.

DBS My Account EUR account

The DBS My Account is one of the bank’s core products, offering 13 supported currencies including EUR. You can link a DBS debit card to your account for convenient spending and withdrawals, and make payments in and out of the account digitally and using cash in a branch.

There’s no opening fee for the DBS My Account, and no minimum balance or monthly fee. If you need paper statements there’s a small monthly charge of 2 SGD – but all statements and account features are available digitally through the DBS app if you want to avoid this cost.

• Hold and exchange 13 major currencies including EUR
• Pay in and withdraw foreign currency cash at a branch (fees may apply)
• Transfer to 50 countries with DBS remit with no transfer fee, or make a telegraphic transfer to 200 countries with additional costs

Account opening fee: No opening fee, no minimum balance

Eligibility criteria: Available to residents of Singapore

Supported currencies: EUR, SGD and 11 other currencies

Monthly fees: No monthly fee

Exchange rates: Bank exchange rates apply, which may include a markup

UOB Global Currency Account EUR account

The UOB Global Currency Account lets you hold 10 currencies for sending and receiving payments. There’s no card with this account so it’s not as well suited to travel spending, but it can be useful for people sending or receiving EUR payments from abroad, or holding a EUR balance for future payments or to invest.

There’s a minimum balance requirement of 900 EUR if you want to avoid the fall below fee.

• 10 supported currencies for holding and exchange, including EUR
• Chequing services to send and receive some foreign cheques for deposit
• International transfers which don’t need conversion have commission from 10 SGD–300 SGD depending on payment value

Account opening fee: No opening fee

Eligibility criteria: Available to residents of Singapore and non-residents with an introducer

Supported currencies: EUR, SGD and 8 other currencies

Monthly fees: 9 EUR fall below fee applies if you don’t maintain a balance of 900EUR

Exchange rates: Bank exchange rates apply, which may include a markup

Standard Chartered Foreign Currency Time Deposit Account

The Standard Chartered Foreign Currency Time Deposit Account lets you deposit funds for a fixed period of 1 to 12 months, to earn a higher rate of interest than you may find on an easy access account. You’ll need to pay in 5,000 EUR as a minimum, and leave it there for the full term you agree to, to get the most from this account.

Early withdrawals may be subject to penalties, so this account is best for people saving for defined future goals, or looking to earn returns from excess EUR cash.

• Minimum deposit of 5,000 EUR
• Tenors from 1 – 12 months, which often have better interest rates compared to instant access accounts
• Apply online or in the SC app instantly

Account opening fee: No account opening fee. Minimum deposit of 5,000 EUR

Eligibility criteria: Available to residents of Singapore

Supported currencies: EUR

Monthly fees: No monthly fee – fees or penalties may apply if you withdraw your funds early

Exchange rates: Bank exchange rates apply, which may include a markup

HSBC Foreign Currency Time Deposit Account

If you have EUR funds you want to hold for future use, you can open an HSBC Foreign Currency Time Deposit Account to save for anything from one month to one year. This can get you better rates compared to using an instant access account, but there are fees or penalties if you withdraw your money early.

The minimum deposit amount is 25,000 EUR, so consider the term you can commit to carefully to ensure you don’t face penalties for early withdrawal.

• Attractive interest rates which may depend on tenor and value of savings
• Instant renewal options for continuity of your investment
• Choose from 1 – 12 months deposit length

Account opening fee: No account opening fee. Minimum deposit of 25,000 EUR

Eligibility criteria: Available to residents of Singapore

Supported currencies: EUR

Monthly fees: No monthly fee – fees or penalties may apply if you withdraw your funds early

Exchange rates: Bank exchange rates apply, which may include a markup

Fees for EUR accounts in Singapore

While getting a EUR account in Singapore can bring down your overall money management costs, there are likely still to be some fees to pay. As these costs can vary a lot, and may not look like your SGD transaction account fees, you’ll need to read your account fee schedule carefully before you transact.

Here are some fees to look out for:

• Monthly service fees: Maintenance or service fees may apply to keep your EUR account open. Where this fee applies you may not be able to avoid it – but providers like Wise don’t charge a maintenance fee.
• Fall below fees: Some accounts have a fall below fee which is only charged monthly if you fail to maintain the minimum average daily balance amount in your account.
• ATM withdrawal fees: Not all EUR accounts offer a card, but where they do you might pay an ATM fee for local or international use. Fees may be a flat charge or a percentage of the withdrawn amount. Providers like Wise* and Revolut offers some no fee ATM use each month to help you lower your transaction costs.
• Outgoing transfer fees: Sending payments to and from EUR may incur fees, including costs added to the exchange rate used for currency conversion. Compare both the rate and the fee applied before you transact. Providers like Wise can often offer lower overall costs compared to your bank.
• Incoming transfer fees: Generally with a Singapore bank you’ll pay a fee when you receive a payment to your account. UOB charges 10 SGD for incoming transfers for example. This applies on SGD and EUR payments.

*Wise will not charge you for these withdrawals, but some additional charges may occur from independent ATM networks

How to open a EUR account in Singapore

Once you’re ready to open a EUR account in Singapore you’ll need to take a look at the specific process used by your preferred bank or provider. Some banks allow you to open online, but in some cases you might have to visit a branch, particularly if you don’t already have an SGD account with that specific bank.

Where digital applications are supported, banks and providers can usually accept an application via Singpass and Myinfo, which makes the process far easier and more convenient. If you don’t have a full Singpass account, or if you prefer a manual application, you’ll normally need to upload or provide the bank with images of your NRIC or passport, a proof of address, and any relevant residency permit information if you’re a foreigner. You’ll also need to provide information about your tax residency in Singapore and any other countries.

With banks: Depending on the specific bank, you might need to visit a branch to set up your euro account. However, if you’re adding a EUR account but already hold an SGD account with the bank you might be able to arrange your application online. In a branch you’ll be asked to present your original ID documents, or online you can use Singpass or upload photos of the relevant paperwork.

With online providers: Specialist providers offer a fully digital application, verification and onboarding experience. All you’ll need is your phone or laptop, and either an active Singpass account or images of the documents required to support your application. Enter your personal and contact details, set a secure password and follow the onscreen instructions.

How to use your EUR account in Singapore

A EUR account in Singapore can bring benefits for personal and business users, including making transacting quicker and cheaper when you need to manage conversions between SGD and EUR. If you deal with additional currencies such as GBP or USD, a multi-currency account is a smart way to receive, hold, send or spend all the currencies you need from one account.

Here are some ways expats commonly use their Singapore-based EUR accounts:

• Send international money transfers: Expats and international students might need to send money to Europe from Singapore, or vice versa, to cover bills, mortgage payments or rent for example. A EUR account makes this simple and cheap.
• Hold and exchange EUR and USD: Check your EUR and SGD balance side by side, convert between currencies when you see a great exchange rate, and build your savings in whichever currency you prefer.
• Receive EUR payments: Get paid by an employer or client in Europe, or if you’re an international student you may want to receive EUR payments from your family or student loan provider. Use the EUR details that come with your account to get your money and then hold it in EUR until you need it.
• Use your debit card for spending and withdrawals: Spend in euros when you travel or when you’re shopping online, with no additional costs if you hold sufficient EUR balance to cover a payment. Or use your SGD balance in Singapore if you have a multi-currency account with a provider like Wise or Revolut, to avoid conversion costs.

Conclusion

Get a EUR account in Singapore from a global or Singapore based bank, or a specialist provider like Wise or Revolut.

You can find EUR accounts from banks like DBS and UOB which are fairly flexible, but don’t necessarily offer a card for travel use. Or you could choose a term deposit account if your intention is to save, from a global bank like HSBC or Standard Chartered.

If you want a convenient euro account with multi-currency features and a linked card for day to day transactions, check out Wise. Wise lets you easily send, spend, receive and hold EUR along with SGD and 40+ other currencies, all in the same account. With no minimum balance to maintain, and no monthly fee, Wise is an equally good choice for occasional use or for daily spending, depending on what you need.

Methodology & sources: We compared fees, exchange options, card access, supported currencies, and transfer features using official provider pages and tariffs. Always check current rates and terms with the provider.

Useful resources:

• Wise – Singapore landing page with navigation to pricing and business information
• Revolut – Singapore plan comparison page with pricing information
• DBS – My Account information for new customers
• UOB – Global Currency account details and links
• Standard Chartered – Standard Chartered Foreign Currency Time Deposit Account
• HSBC – HSBC Foreign Currency Time Deposit Account