Ocbc open account
Author: a | 2025-04-24
How to open an OCBC account; OCBC multi-currency account products; OCBC business account options; Opening an HSBC bank account online. You can open an HSBC Singapore account online if you’re applying for
OCBC Online Account-i Opening - OCBC Bank Malaysia
An existing OCBC business account, can I open another account (subsequent account) for my business? Yes, you can open a subsequent account to serve your business needs such as receiving of funds in different currency or segregating of transactions for better financials management.If you are a sole proprietor or single director of the company, you can apply for a subsequent account via OCBC Velocity.In the event that you are not able to complete your application on OCBC Velocity, you may reach out to us directly via the online enquiry form. The bank will contact you within 3 working days to assist you.Find out more. ADDITIONAL INFORMATION Deposits Insurance Scheme Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.SDIC Consumer Guides Insured Deposits Register Terms and conditions governing the OCBC Business Account Opening Campaign 2025 Limited to the first 200 Eligible Accounts for each month.Download the Terms and Conditions Our awards and accolades Best SME Bank in Asia-Pacific2023 - 2024 Global Finance2024 The Asian Banker 2023 - 2024 Global Finance2024 The Asian Banker Best Trade Finance Bank in Singapore2018 - 2024 Asian Banking and Finance2019 - 2023 The Asian Banker 2018 - 2024 Asian Banking and Finance2019 - 2023 The Asian Banker Best Transactional Banking Online Platform in Southeast Asia2018 - 2024 Alpha Southeast Asia 2018 - 2024 Alpha Southeast Asia Account (as defined below) by identifying such account through your Proxy (as defined below) or such other means prescribed by the Bank from time to time, such as a unique two-dimensional barcode generated by the Bank ("QR Code") (each transfer to you of a Transfer Amount, a "PayNow Transaction"). The term "OCBC PayNow Service" shall be deemed to include any notifications, communications or services referred to in these Terms and/or any services, functions and features made available through such part of the Electronic Banking Services which relates to or forms part of any PayNow Transaction. For the avoidance of doubt, the "Electronic Banking Services" shall mean the OCBC Internet Banking Service, OCBC Mobile Banking Service OCBC Phone Banking Service, OCBC ATM Service and/or any other services provided or made available under the OCBC Terms and Conditions governing Electronic Banking Services.The OCBC PayNow Service is provided as part of the Electronic Banking Services, and accordingly these Terms are in addition to and shall be read in conjunction with:the OCBC Terms and Conditions governing Electronic Banking Services (any reference to relevant Electronic Banking Services in the OCBC Terms and Conditions governing Electronic Banking Services shall include a reference to the OCBC PayNow Service),(where applicable) the Terms and Conditions for OCBC Pay Anyone™ Service (in particular, the Terms and Conditions for OCBC Pay Anyone™ QR Service where the PayNow Transaction in question involves the use of a QR Code and is conducted through the OCBC Pay Anyone™ application),provided that in the event of any conflict or inconsistency, these Terms shall prevail over the OCBC Terms and Conditions governing Electronic Banking Services to the extent of such conflict or inconsistency.You must accept and agree to these Terms and be registered as an OCBC PayNow User (as defined below) before you will be able to receive the Transfer Amount which is the subject of a PayNow Transaction. You further agree to comply with all guidelines, policies and procedures pertaining to use of the OCBC PayNow Service issued by or on behalf of the Bank from time to time. Registration In order to be registered to receive funds through the OCBC PayNow Service, you will need to:be a retail customer of the Bank with a valid and active Singapore dollar current or savings account with the Bank ("Account");be a valid user of the relevant Electronic Banking Services prescribed by the Bank from time to time;comply withOCBC MAIL-IN SRS Account Opening Form - OCBC Bank
Overseas Usage Guide Activation/deactivation of cards for overseas usageHow to activate/deactivate overseas ATM cash withdrawalVia OCBC Online Banking Via SMS Via Mail in formsHow to activate/deactivate the magnetic stripe for overseas usageVia OCBC.com Via OCBC Online Banking Via SMS BankingSecurity Tips Activation/deactivation of cards for overseas usage As part of the bank's security measures, it is necessary to activate your OCBC ATM, debit or credit cards' overseas ATM cash withdrawal or magnetic stripe feature if you wish to use your cards overseas. You may refer to the guide below on what you should do for your intended overseas usage.Type of overseas usageWhat should you doWithdraw cash via ATMATM cardDebit cardCredit card (linked to current/savings account)Activate overseas ATM cash withdrawal feature Learn howWithdraw cash via ATMCredit card (Cash advance)Activate magnetic stripe feature Learn howMake retail purchasesDebit cardCredit cardActivate magnetic stripe feature Learn how Via OCBC Online Banking (immediate activation or deactivation) OCBC Internet BankingLog in to OCBC Online Banking with your access code and PIN or SingpassScroll over “Customer Service” then “Cards” and select “Overseas card usage”Select card to link/delink to account for ATM transactionsSelect account to link. Tap on the "Next" button to confirmOCBC Business Debit Card customers without OCBC Online Banking will not be able to activate the overseas ATM cash withdrawal on their card via Online Banking. Should you wish to activate overseas cash withdrawal, please submit the OCBC Business Debit Card Maintenance form below.OCBC Digital appLog in to OCBC Digital appTap on the menu bar on the. How to open an OCBC account; OCBC multi-currency account products; OCBC business account options; Opening an HSBC bank account online. You can open an HSBC Singapore account online if you’re applying forDigital instant account opening at OCBC
EligibilityThis service is currently available for OCBC Personal Banking customers, who wish to bid for a COE for their own use. All you need is a OCBC SGD Savings or Current account, and OCBC Phone Banking access.Bid for COEDial 1800 363 3333 to OCBC Phone BankingSelect language Press 1 for account information, fund transfer and other account-related servicesEnter your phone codeEnter your 6-digit TPINPress 6 for COE bidding menuPress 2 for bidding and follow the relevant instructions for enquiry, bidding and revisionBidding periodCOE Bidding menu will only available during the COE biding period as stipulated by LTA.Bid period may vary if there is a PH on Monday.Bid under open bidding systemBidders must have sufficient funds in their accounts to meet the payment of bid deposit. Upon successful submission of the bids to the system, OCBC will deduct the bid deposits and administration fee / commission charges from the bidders' bank account.For this service, a commission charge of $10 will be levied for each bid submitted and $10 for each subsequent revision made on the reserve price.Open Bidding SystemBid period1st and 3rd Monday of the monthBid depositS$200 for motorcycles; S$10,000 for all other vehiclesReserve price (maximum bid amount bidder is willing to pay)Bidder submits his bid by indicating his reserve price through the system. System will automatically revise by adding $1 each time and submit the bid up to the limit of the reserve price. If the current COE price is higher than reserve price, then bidder is out of the running unless he revises his reserve price upwards. Reserve price can only be revised upwards. Bidder is also not allowed to withdraw his bid if the reserve price is equal or higher than the current COE price.Ranking of bidsThe bidding process for the open bidding system will be similar to that of an open auction. Under the open bidding system, the bidder will submit a bid by indicating his reserve price – Bid amount (or the maximum bid amount that he is willing to pay) through the system. The system then automatically revises and submits his bid upwards at S$1 increments, subject to the limit of his reserve price. His bid is considered out-bid when the prevailing or current COE price exceeds his reserve price. However, he can revise his reserve price upwards to keep his bid in the running.A bidder will not be allowed to withdraw his bid. The reserve price can only be revised upwards, but not downwards.Bid in processWhen the system receives your submission, you will receive a confirmation that your bid has been received for processing. You will also be given an acknowledgement code for every successful bid submission / revision.You are advised not to release this acknowledgement code to other persons as it is used by the system to identify the bidder for subsequent bid revision.Bid deposit under open biddingBidders need to pay a fixed lump sum deposit of S$200 for Category D (motorcycles) and S$10,000 for Categories A, B, C, and E (open).Bid deposit Terms and conditions governing OCBC PayNow Service and OCBC Cross-Border PayNow Service Terms and conditions for Funds Transfers via the OCBC PayNow ServiceIntroduction PayNow Service in relation to Proxy Transactions PayNow Service in relation to QR Transactions MiscellaneousTerms and conditions for Registration for the OCBC PayNow ServiceIntroduction Registration De-Registration Receiving payment through the OCBC PayNow Service MiscellaneousTerms and Conditions for Funds Transfer via the OCBC Cross-Border PayNow ServiceIntroduction Making funds transfers via the OCBC Cross-Border PayNow Service Automatic opt-in to transferring funds via the OCBC Cross-Border PayNow Service MiscellaneousTerms and Conditions for Receiving Payments via the OCBC Cross-Border PayNow ServiceIntroduction Opt-in to receive payments via the OCBC Cross-Border PayNow Service Opt-out of receiving payments via the OCBC Cross-Border PayNow Service Receiving payment through the OCBC Cross-Border PayNow Service Miscellaneous Introduction These terms and conditions ("Terms") apply to and regulate your use of the PayNow service offered by Oversea-Chinese Banking Corporation Limited Singapore (the "Bank") in accordance with these Terms ("OCBC PayNow Service"). The OCBC PayNow Service allows you (a "Payer") to request (each such request a "Transaction Request") that the Bank carry out a transaction (a "PayNow Transaction") to transfer an amount specified by you ("Transfer Amount") from your designated OCBC bank account to the PayNow Account (defined below) maintained by your designated recipient ("Recipient") with a participating bank or participating e-wallet provider under PayNow (being the Association of Banks in Singapore ("ABS")-led initiative designated and marketed as such by ABS), where the Recipient is either identified through:A "Proxy" (being a unique identifier of the Recipient (such as the UEN or UEN plus suffix combination of the Recipient, the VPA of the Recipient or the Recipient's mobile number or NRIC, as the case may be) designated as such by the Recipient's bank or e-wallet provider where applicable and registered as such under PayNow). For the avoidance of doubt, "UEN" refers to the Unique Entity Number which serves as a standard identification number for an entity and which is issued by the applicable Unique Entity Number issuance agencies, "VPA" means the Virtual Payment Address which serves as an alphanumeric identification code for an e-wallet issued by a participating e-wallet provider under PayNow to either an individual with a retail account or an entity with a corporate account with such participating e-wallet provider.a unique two-dimensional barcode generated by the Bank ("QR Code"); orsuch other means prescribed by the Bank from time toocbc-open-and-use-a-new-bank-account-digitally - OCBC Bank
Pass.For long-term visitors, the process involves providing proof of employment or study, a valid long-term or dependent pass, and a passport. Banks like DBS, UOB, and OCBC offer specialised services to cater to the specific needs of students and long-term visitors.Expats and employment pass holdersForeigners residing in Singapore on an employment pass or a student or long-term visit pass, including expats, can open a bank account in Singapore. To open an account, you will need a passport or identity card, proof of residential address, and a valid pass. In some cases, banks may require proof of tax residency if you declare tax residency in your home country and not in Singapore. The DBS Multiplier account is a popular choice among expats since it allows holding multiple currencies.Additional requirements may include proof of company incorporation for business accounts and proof of residence for foreigners. Notably, DBS Bank, UOB, and OCBC are recognised for offering services tailored to the needs of expats and EP holders.Can Foreigners Open Bank Account in Singapore?Many foreigners ask, “Is it possible for me to open a bank account in Singapore?” The answer is absolutely! Singapore’s banking system welcomes foreigners, provided they meet the necessary requirements. This includes providing a passport, proof of address, an EP, student pass, or long-term visit pass for successful account opening. Additional documentation may be necessary, depending on the bank’s policies. Depending on the new account type, foreigners can track their application status without the need to visit the branch in person.Prominent accountsOCBC 360 Account - Frank by OCBC
Fuss-free account opening Get your business account number instantly*. Before you apply, have these on hand:Your entity name or Unique Entity No. (UEN)Your Singpass or Corppass login credentialsImage of your signatureInitial deposit of S$1,000Need more than one account? You can open separate accounts for different businesses.Apply now how to apply Singpass Corppass how to apply via singpass digital ecosystem Business Banking Digital EcosystemRun your business with our business online banking platforms on web and mobile, where you can view and manage your accounts, transactions, cash flows and trade financing securely. Be in complete control of your accounts Gain access to business online banking platforms and enjoy account management features exclusive to OCBC. Optimise your cash flow Make payments for invoices and transfers to vendors and staff with automatic, scheduled payments. Simplify expense management Get visibility and control when you reconcile your business expenses in one place. Enjoy seamless accounting integration Easily connect your business account with popular accounting and HR solutions. Before you apply Eligibility requirements Country of registration Businesses registered in SingaporeFor businesses registered in other countries, apply for the Business Foreign Account *Instant account opening is subject to review by OCBC Bank and only applicable for Singapore-registered businesses that are opening their first OCBC Business Account and which are owned by one or two Singapore citizens or Permanent Residents (PR). Other applicants may still apply online and we will contact you to assist with the application. Fees and charges Fall below fee S$15 per month if monthly average balance falls below S$1,000 GIRO and FAST transaction Account fee S$10 per month. Waived for the first 2 months. Pricing guide and notices Complete list of fees and charges Complimentary 6-month Fire Insurance FAQS Find answers to frequently-asked questions What are the documents required to open my account online? To apply online, you should have on hand:Your business registration details i.e. Company name or UEN (Unique Entity Number) and your identification details for Singpass or Corppass.You should also prepare images of your signature for upload. If more documents are required, we will reach out to you. If I already have. How to open an OCBC account; OCBC multi-currency account products; OCBC business account options; Opening an HSBC bank account online. You can open an HSBC Singapore account online if you’re applying for OCBC’s digital account opening for foreignersHow does it work? Opening an OCBC bank account digitally is a pretty easy process on the OCBC Digital app. The first thingOCBC eBiz Account for Businesses (eBiz Account) - OCBC
Can also use PayNow to receive payments from others, such as your employer or friends. PayNow transactions are fast, secure, and convenient.OCBC Pay Anyone: Banking IntegrationOCBC Pay Anyone is a mobile app that allows you to make payments to merchants and individuals, as well as transfer funds to other bank accounts. You can also use OCBC Pay Anyone to pay bills, top up your prepaid card, and make QR code payments.One of the unique features of OCBC Pay Anyone is its integration with OCBC internet banking. This means that you can easily transfer funds between your OCBC accounts and make payments to merchants using the same app. OCBC Pay Anyone also offers a rewards program where you can earn cashback and discounts for using the app.In summary, PayLah!, PayNow, and OCBC Pay Anyone are all great options for making payments in Singapore. PayLah! is a good choice if you want a mobile wallet app that integrates with PayNow, while PayNow is a ubiquitous choice that is accepted by most merchants in Singapore. OCBC Pay Anyone is a good choice if you are an OCBC customer and want an app that integrates with OCBC internet banking.Setting Up and Using the Payment ServicesRegistering for PayLah!, PayNow, and Pay AnyoneTo start using PayLah!, PayNow or Pay Anyone, you will need to have an account with DBS/POSB, OCBC or UOB. You can download the app for PayLah! or Pay Anyone from the App Store or Google Play Store. For PayNow, you can use your bank’s internet banking platform.To register for PayLah!, you will need to provide your NRIC/FIN, mobile number and email address. You can then link your PayLah! account to your bank account. For PayNow, you will need to register your mobile number with your bank and link it to your bank account. For Pay Anyone, you will need to register for the service through your bank’s internet banking platform.Making Transactions: The Step-by-Step GuideOnce you have registered for the payment service, you can start making transactions. To make a transaction with PayLah!, you can either scan a QR code or enter the mobile number of the recipient. For PayNow, you can either use the recipient’s mobile number or NRIC/FIN. For Pay Anyone, you can use the recipient’s bank account number and bank code.To make a transaction with PayLah!, follow these steps:Open the app and log in.Tap on the “Scan & Pay” button orComments
An existing OCBC business account, can I open another account (subsequent account) for my business? Yes, you can open a subsequent account to serve your business needs such as receiving of funds in different currency or segregating of transactions for better financials management.If you are a sole proprietor or single director of the company, you can apply for a subsequent account via OCBC Velocity.In the event that you are not able to complete your application on OCBC Velocity, you may reach out to us directly via the online enquiry form. The bank will contact you within 3 working days to assist you.Find out more. ADDITIONAL INFORMATION Deposits Insurance Scheme Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.SDIC Consumer Guides Insured Deposits Register Terms and conditions governing the OCBC Business Account Opening Campaign 2025 Limited to the first 200 Eligible Accounts for each month.Download the Terms and Conditions Our awards and accolades Best SME Bank in Asia-Pacific2023 - 2024 Global Finance2024 The Asian Banker 2023 - 2024 Global Finance2024 The Asian Banker Best Trade Finance Bank in Singapore2018 - 2024 Asian Banking and Finance2019 - 2023 The Asian Banker 2018 - 2024 Asian Banking and Finance2019 - 2023 The Asian Banker Best Transactional Banking Online Platform in Southeast Asia2018 - 2024 Alpha Southeast Asia 2018 - 2024 Alpha Southeast Asia
2025-04-09Account (as defined below) by identifying such account through your Proxy (as defined below) or such other means prescribed by the Bank from time to time, such as a unique two-dimensional barcode generated by the Bank ("QR Code") (each transfer to you of a Transfer Amount, a "PayNow Transaction"). The term "OCBC PayNow Service" shall be deemed to include any notifications, communications or services referred to in these Terms and/or any services, functions and features made available through such part of the Electronic Banking Services which relates to or forms part of any PayNow Transaction. For the avoidance of doubt, the "Electronic Banking Services" shall mean the OCBC Internet Banking Service, OCBC Mobile Banking Service OCBC Phone Banking Service, OCBC ATM Service and/or any other services provided or made available under the OCBC Terms and Conditions governing Electronic Banking Services.The OCBC PayNow Service is provided as part of the Electronic Banking Services, and accordingly these Terms are in addition to and shall be read in conjunction with:the OCBC Terms and Conditions governing Electronic Banking Services (any reference to relevant Electronic Banking Services in the OCBC Terms and Conditions governing Electronic Banking Services shall include a reference to the OCBC PayNow Service),(where applicable) the Terms and Conditions for OCBC Pay Anyone™ Service (in particular, the Terms and Conditions for OCBC Pay Anyone™ QR Service where the PayNow Transaction in question involves the use of a QR Code and is conducted through the OCBC Pay Anyone™ application),provided that in the event of any conflict or inconsistency, these Terms shall prevail over the OCBC Terms and Conditions governing Electronic Banking Services to the extent of such conflict or inconsistency.You must accept and agree to these Terms and be registered as an OCBC PayNow User (as defined below) before you will be able to receive the Transfer Amount which is the subject of a PayNow Transaction. You further agree to comply with all guidelines, policies and procedures pertaining to use of the OCBC PayNow Service issued by or on behalf of the Bank from time to time. Registration In order to be registered to receive funds through the OCBC PayNow Service, you will need to:be a retail customer of the Bank with a valid and active Singapore dollar current or savings account with the Bank ("Account");be a valid user of the relevant Electronic Banking Services prescribed by the Bank from time to time;comply with
2025-03-30Overseas Usage Guide Activation/deactivation of cards for overseas usageHow to activate/deactivate overseas ATM cash withdrawalVia OCBC Online Banking Via SMS Via Mail in formsHow to activate/deactivate the magnetic stripe for overseas usageVia OCBC.com Via OCBC Online Banking Via SMS BankingSecurity Tips Activation/deactivation of cards for overseas usage As part of the bank's security measures, it is necessary to activate your OCBC ATM, debit or credit cards' overseas ATM cash withdrawal or magnetic stripe feature if you wish to use your cards overseas. You may refer to the guide below on what you should do for your intended overseas usage.Type of overseas usageWhat should you doWithdraw cash via ATMATM cardDebit cardCredit card (linked to current/savings account)Activate overseas ATM cash withdrawal feature Learn howWithdraw cash via ATMCredit card (Cash advance)Activate magnetic stripe feature Learn howMake retail purchasesDebit cardCredit cardActivate magnetic stripe feature Learn how Via OCBC Online Banking (immediate activation or deactivation) OCBC Internet BankingLog in to OCBC Online Banking with your access code and PIN or SingpassScroll over “Customer Service” then “Cards” and select “Overseas card usage”Select card to link/delink to account for ATM transactionsSelect account to link. Tap on the "Next" button to confirmOCBC Business Debit Card customers without OCBC Online Banking will not be able to activate the overseas ATM cash withdrawal on their card via Online Banking. Should you wish to activate overseas cash withdrawal, please submit the OCBC Business Debit Card Maintenance form below.OCBC Digital appLog in to OCBC Digital appTap on the menu bar on the
2025-04-20