ICBC Singapore launches USD/SGD dual currency card

Singapore

INDUSTRIAL and Commercial Bank of China (ICBC) Singapore has launched a US dollar and Singapore dollar dual currency credit card as it seeks to expand its retail banking presence here.

The ICBC Visa USD/SGD dual currency credit card will have zero administrative fees for all US dollar transactions, the bank said in a press release on Monday. This would ease "additional costs that customers tend to bear, which can be as high as 2.5 per cent", ICBC Singapore's general manager Zhang Weiwu added in the statement.