OCBC Opens Ringgit Savings As Malaysians Hold 36% Of Cross-Border Banking

OCBC now lets Singapore customers hold up to RM50,000 in ringgit, as Malaysians account for 36% of cross-border banking customers in Singapore. Malaysian banks are also racing to win the country's affluent clients.

The Rakyat Post Jake Lim · News & blogs · 1 hr ago

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Separately, OCBC began letting customers hold ringgit in its Singapore savings accounts from 23 October.
OCBC said it is the first non-Malaysian lender to offer this in a Singapore-based personal savings account.
Holders of the Global Savings Account and Premier Global Savings Account can convert Singapore dollars into ringgit and hold up to RM50,000.

Sentences selected automatically from the original article by The Rakyat Post.

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Malaysia’s growing affluent segment accounts for 36% of cross-border banking customers in Singapore, according to a report released on 22 October by Citi Wealth and research firm RFI Global.

Citibank Singapore chief executive Yeo Wenxian, who also heads wealth for Asia South, attributed Singapore’s appeal as a wealth management centre to its stable operating environment and strong connections to global markets.

He said clients are looking for opportunities that “extend beyond their home markets” while seeking trusted advice.

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Published: October 28, 2026 at 8:39 AM UTC
By: Jake Lim
Section: Malaysia
Format: Article
Original: therakyatpost.com ↗

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Related reporting

6 stories on this topic from 4 sources, oldest first.

Oct 21, 12:20 AM UTC
New Straits Times Ringgit opens higher on strong domestic economic data
Oct 21, 2:00 PM UTC
Berita Harian OCBC jadi bank asing pertama tawar simpanan ringgit di Singapura
Oct 22, 12:27 AM UTC
Free Malaysia Today Ringgit opens higher vs US dollar, major currencies
Oct 22, 12:54 AM UTC
New Straits Times Ringgit opens higher vs US dollar, major currencies
Oct 27, 12:30 AM UTC
Free Malaysia Today Ringgit opens lower vs greenback, gains against other currencies
Oct 28, 8:39 AM UTC
The Rakyat Post OCBC Opens Ringgit Savings As Malaysians Hold 36% Of Cross-Border Banking (this story)

OCBC Opens Ringgit Savings As Malaysians Hold 36% Of Cross-Border Banking

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