Account service fee
S$40 a year.
This S$40 annual account service fee will be reflected in your second business account statement from date of account opening and every subsequent year thereafter.
Free for first 2 years.
From third year onwards, first 30 cheques every month are free, and every subsequent cheque is S$0.50.
Transfer funds locally (GIRO)
S$0.10 for first 2 years via Velocity@ocbc (business internet banking)
*The Business Entrepreneur Account will be automatically converted to a SGD Business Account after 2 years.
The following charges will apply:
Be alerted via SMS or email for
Let OCBC handle your cheque collection by receiving cheques at your designated post office box for same-day processing.
Partner with OCBC as a merchant. We process your Visa and MasterCard transactions with competitive fees and quick payment service.
Set scheduled payments from your customers’ account via interbank GIRO direct debiting.
for initial deposit
Deposit 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$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.