ICBC Singapore Launches USD/SGD Dual Currency Credit Card

Industrial and Commercial Bank of China Singapore (ICBC) has launched a dual currency card which combines both USD and SGD customer accounts in one credit card.

The move marks another milestone for ICBC Singapore in its retail banking services, following its launch of Singapore’s first RMB/SGD dual currency credit card in 2011.

The combination of both USD and SGD customer accounts in the ICBC VISA USD/SGD Dual Currency Credit Card allows cardholders to make payments in either USD or SGD, as well as enjoy transactions free of administrative fees when making their purchases in USD, be it online or physical.

General Manager of ICBC Singapore, Mr Zhang Weiwu, said, “At ICBC, we are constantly striving to improve our financial services to focus on our customers and to create more value for them through our services. As the first in Singapore to combine USD and SGD accounts in one, the ICBC VISA USD/SGD Dual Currency Credit Card will remove administrative fees for all USD transactions, thus easing the additional costs that customers tend to bear, which can be as high as 2.5%.”