OCBC to let customers hold Malaysian ringgit in Singapore savings accounts from October 23

The Straits Times reports that OCBC will let holders of its global and premier global savings accounts convert Singapore dollars and hold up to RM50,000 in Malaysian ringgit starting October 23, 2026. The bank says customers who maintain an average daily balance of RM5,000 will earn 1% annual interest until June 30, 2027, then 0.5%. It also says purchases in Malaysia with a linked debit card will carry no foreign currency transaction fees.