Business payments online made simple in local & foreign currencies
To another OCBC Singapore account
Make same-day fund transfers between OCBC accounts in SGD quickly, easily and free-of-charge via OCBC Velocity (Business Internet Banking).
To non-OCBC bank accounts in Singapore
- Standard processing (GIRO)
- Instant processing (FAST - Fast And Secure Transfers)
- Same-day processing (MEPS-MAS ELECTRONIC Payment System)
Standard processing (GIRO) | Instant processing (FAST - Fast And Secure Transfers) | Same-day processing (MEPS-MAS ELECTRONIC Payment System) |
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Singapore Dollar Cheques
- Cheque deposit service at any OCBC branch
- Additional charges apply if your cheque bounces
- Account will be deducted only when cheque is presented
Cashier's Order
- A guaranteed cheque issued by the Bank that will not bounce
- To be used when your beneficiaries want assurance of guaranteed payments
- Amount will be deducted upfront from your account when a cashier’s order is issued
Business Debit Card
- Consolidate your business expenses
- Make payments and withdraw cash easily
- Enjoy up to 1% cashback on your everyday business spend, with no minimum spend
Outward Telegraphic Transfer (OTT)
- The secure way to make overseas payments and transfers in over 60 currencies
- Pay in local currency such as VND to Vietnam and KRW to South Korea
- Retrieve a copy of MT103 from OCBC Velocity (Business Internet Banking) and OCBC Business app as evidence of payment.
- Track end-to-end payment status in real time with SWIFT gpi.
- Commission of S$30 per transaction submitted via OCBC Velocity (Business Internet Banking), OCBC Business app, Host-to-Host, or API. Other charges may apply (refer to pricing guide).
Network Transfer
- Make overseas transfers across OCBC entities at just S$15
- Enjoy same-day transfers subject to cut-off timings
- Certainty of full value transfers
International Automated Clearing House (IACH)
- Cross-border low-value electronic transfer service at a flat fee
- Transfer payments to your beneficiary in local currency of their countries
- Suited for regular, non-urgent overseas transfers, with transfers completed in 3-5 days.
- Certainty of full value transfers
Learn more about International Automated Clearing House (IACH)
Cheque (USD cheques cleared in Singapore)
- Cheque deposit service at any OCBC branch
- Additional charges apply if your cheque bounces
- Account will be deducted only when cheque is presented
Demand Draft
- Foreign currency guaranteed cheque that will not bounce
- Amount will be deducted upfront from your account upon issuance of the demand draft
- Validity period of a Demand Draft is currency dependent
OCBC Business app
A simpler and more convenient way to bank on-the-go.
Learn moreA simpler and more convenient way to bank on-the-go.
Learn morePayNow for businesses
Your business can now receive payments or make transactions easily with PayNow.
Learn moreYour business can now receive payments or make transactions easily with PayNow.
Learn more