Introduction to OCBC accounts

Updated 1 year ago by Junie Zhu

OCBC offers both Singapore dollar business accounts and foreign currency business accounts. You may refer to below tables for more information.

Singapore Dollar Business Accounts

Fees

Business Growth Account

Business Entrepreneur Account Plus

Minimum Initial Deposit

N.A.

S$30,000

Account Fee

S$10 per month Waived for first 2 months.

N.A.

Service Fee

N.A.

S$50 per month if monthly average balance falls below S$30,000

Early Account Closure Fee

S$50 for accounts closed within 6 months of opening.

S$50 for accounts closed within 6 months of opening.

Excess Fee (Incidental overdraft charge for accounts without limits)

Minimum S$30 or Prime + 4.75% per annum (whichever is higher) on the excess amount.

Minimum S$30 or Prime + 4.75% per annum (whichever is higher) on the excess amount.

Velocity@ocbc (Business Internet Banking) Token

Transaction fees apply.

Transaction fees apply.

eAlerts@ocbc

Standard charges apply. First 3 months waived. Please refer to page 8 for detailed charges.

Standard charges apply. First 3 months waived. Please refer to page 8 for detailed charges.

Transaction Fees

Free bundled package via Velocity@ocbc

Unlimited free FAST & GIRO transactions

For any other type of transaction that exceeds the free monthly bundled package listed above, standard charges apply to any other transaction(s) as per sections “Transaction Charges” & “Other Service Charges” in the following pages, unless otherwise mentioned.

GIRO - S$0.10 per item via Velocity@ocbc.

Standard charges apply to any other transaction(s) as per sections “Transaction Charges” & “Other Service Charges” in the following pages, unless otherwise mentioned.

Cheque book Issuance Fee

S$25 per cheque book (waived for the first cheque book issued)

N.A.

Cheque Clearing Fee

S$0.75 per cheque

S$0.75 per cheque

Over the counter branch transaction charges (The transactions are calculated on an aggregate basis for all your bank accounts under the same customer name.)

* Chargeable transactions include cash deposits (including bulk cash) and withdrawal/cash cheque encashment.

S$20 per transaction

• First 5 transactions per month – FREE

• 6th to 20th transaction – S$5 per transaction

• 21st transaction onwards – S$10 per transaction

Foreign Currency Business Accounts

OCBC offers 3 foreign currency business accounts: Multi-Currency Business Account, USD Chequing Account and USD Business Smart Account

OCBC allows online bank opening!

Should you have any other questions, feel free to reach out to the bank directly.

If you want to open your bank account with OCBC, you may refer to this guide on how to request for your bank account opening through Sleek platform.


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