Corporate & Institutional Banking Pricing Guide
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Account Charges
Singapore Dollar Business Accounts
Fees SGD Current Account Minimum Initial Deposit S$5,000 Service Charge S$35 per month if monthly average balance falls below S$10,000 Early Account Closure Fee 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. OCBC Velocity
(Business Internet Banking)
TokenPlease refer to section “Other Service Charges” for details. Transaction fees apply. eAlerts@ocbc Standard charges apply. First 3 months waived. Please refer to section “Other Service Charges” for detailed charges. Transaction Fees Standard charges apply as per sections “Transaction Charges” & “Other Service Charges”, unless otherwise mentioned. Cheque Standard charges apply. Please refer to section “Transaction Charges” for detailed charges. GIRO
(Payment & Collection)Standard charges apply. Please refer to section “Transaction Charges” for detailed charges.
Foreign Currency Business Accounts
Fees
USD Chequing Account
Call Account
Multi-Currency Business Account
Minimum Initial Deposit
US1,000
o AUD10,000
o CAD25,000
o HKD500,000
o NZD10,000
o GBP5,000
N.A.
Service Charge
US$10 per month if monthly average balance falls below US$1,000.
Currency
If monthly average
balance falls belowService fee payable
(in respective currency)AUD
1,000
15
CAD
1,000
15
GBP
500
10
HKD
8,000
80
NZD
1,000
15
N.A.
Account Fee
N.A
N.A
S$10 per month.
Waived if your company has an OCBC SGD accountEarly Account Closure Fee
US$20 for accounts closed within 6 months of opening.
US$20 (or equivalent) for accounts closed within 6 months of opening.
N.A.
Account Set-up Fee
N.A
(For CHF, EUR & JPY only)
CHF500, EUR500, JPY65,000N.A.
Excess Fee
(Incidental overdraft charge for accounts without limits)Minimum US$10 or USD Prime Rate + 4% p.a.
(whichever is higher) on the excess amount.AUD : Minimum AUD10 or AUD Prime Rate + 4% p.a.
CAD : Minimum CAD8 + CAD Prime Rate + 4% p.a.
CHF : Minimum CHF8 or CHF Prime Rate + 4% p.a.
DKK : Minimum DKK42 or DKK Prime Rate + 4% p.a.
EUR : Minimum EUR6 or EUR Prime Rate + 4% p.a.
GBP : Minimum GBP4 + GBP Prime Rate + 4% p.a.
HKD : Minimum HKD40 or HKD Prime Rate + 4% p.a.
JPY : Minimum JPY750 + JPY Prime Rate + 4% p.a.
NZD : Minimum NZD12 or NZD Prime Rate + 4% p.a.
NOK : Minimum NOK45 or NOK Prime Rate + 4% p.a.
SEK : Minimum SEK53 or SEK Prime Rate + 4% p.a.
(whichever is higher) on the excess amount.AUD : Minimum AUD10 or AUD Prime Rate + 4% p.a.
CAD : Minimum CAD8 + CAD Prime Rate + 4% p.a.
CHF : Minimum CHF8 or CHF Prime Rate + 4% p.a.
DKK : Minimum DKK42 or DKK Prime Rate + 4% p.a.
EUR : Minimum EUR6 or EUR Prime Rate + 4% p.a.
GBP : Minimum GBP4 + GBP Prime Rate + 4% p.a.
HKD : Minimum HKD40 or HKD Prime Rate + 4% p.a.
JPY : Minimum JPY750 + JPY Prime Rate + 4% p.a.
NZD : Minimum NZD12 or NZD Prime Rate + 4% p.a.
NOK : Minimum NOK45 or NOK Prime Rate + 4% p.a.
SEK : Minimum SEK53 or SEK Prime Rate + 4% p.a.
USD : Minimum USD10 or USD Prime Rate + 4% p.a.(whichever is higher) on the excess amount.
Minimum Day End Balance to Earn Interest
N.A
N.A
N.A.
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Time Deposits
Singapore Dollar Time Deposit
Minimum Initial Deposit Available Tenures Premature Termination S$5,000 1-12, 18, 24 and 36 months
(shorter tenures available for higher amounts)Premature withdrawal fees applicable for withdrawal made prior to maturity. Foreign Currency Time Deposit
Minimum Initial Deposit Available Tenures Premature Termination - AUD10,000
- CAD25,000
- CHF25,000
- CNH250,000
- EUR5,000
- GBP5,000
- HKD200,000
- JPY1,000,000
- NZD10,000
- USD5,000
1, 2, 3, 6, 9 and 12 months
(shorter tenures available for higher amounts)Premature withdrawal fees applicable for withdrawal made prior to maturity. -
Transaction Charges
All charges, if converted into another currency, are performed at the Bank's published foreign exchange rates.
Cheques
Cheques Deposit Charges Standard SGD Cheque Deposit Fee S$0.75 per cheque Standard USD Cheque Deposit Fee US$1.00 per cheque Cheques Clearing Charges Standard SGD Cheque Clearing Fee* S$0.75 per cleared cheque Standard USD Cheque Clearing Fee* US$1.00 per cleared cheque Returned Cheques (SGD) S$50 per returned cheque due to insufficient funds
S$40 per returned cheque due to technical reasonsReturned Cheques (USD) US$40 per cheque (due to insufficient funds/technical reasons) Cheques Retrieval Charges Cheque Image Retrieval** New charges with effect from (“wef”) 1 January 2023:
S$21.60 (inclusive of GST) for retrievals of cheques cleared less than 1 year ago.
S$32.40 (inclusive of GST) for retrievals of cheques cleared between 1 to 3 years ago.
S$54.00 (inclusive of GST) for retrievals of cheques cleared more than 3 years ago.
New charges wef 1 January 2024:
S$21.80 (inclusive of GST) for retrievals of cheques cleared less than 1 year ago.
S$32.70 (inclusive of GST) for retrievals of cheques cleared between 1 to 3 years ago.
S$54.50 (inclusive of GST) for retrievals of cheques cleared more than 3 years ago.
Stop Payment Charges Stop Payment (SGD)
- via Branch/Business Banking Commercial Service Centre
- via Business PhoneBanking/ Business Internet Banking
S$30 per cheque
S$15 per chequeStop Payment (USD)
- via Branch/Business Banking Commercial Service Centre
- via Business PhoneBanking/ Business Internet Banking
US$30 per cheque
US$10 per chequeLoss of Cheque Book Charges Loss of Cheque Book (SGD)
- Report via Branch/Business Banking Commercial Service Centre
- Report via Business PhoneBanking/Business Internet Banking
S$60
S$30Loss of Cheque Book (USD) US$30 Marked Cheques Charges Direct Marked Cheque1 S$100 per cheque + Courier Charges (if applicable) Foreign Currency Cheques Charges Commission Agent Fees Commission-in-lieu of exchange2 Courier/Postage Cleared Locally: - USD Cheques Drawn on Local Clearing Participating Banks
Free N.A. N.A. N.A. N.A. - Other Currency Cheques and USD Drawn on Non-Participating Banks
N.A. 1/8% commission (min S$30,
max S$100)if applicable N.A. if applicable Sent for Overseas Clearing - In All Currencies
N.A. 1/8% commission (min S$30,
max S$100)if applicable N.A. if applicable Inward Remittances
Telegraphic Transfer Charges Credit to SGD Account S$10 Credit to FCY Account S$10 Credit to Time Deposit Free MEPS (MAS Electronic Payment System) Charges Credit to Account Free Demand Draft Drawn on OCBC Bank Drawn on other Banks Credit to SGD or FCY Account Free 1/8% commission (min S$30 + Agent fees (if applicable) + postage (if applicable)
Outward RemittancesTelegraphic Transfer - OCBC Velocity (Business Internet Banking), OCBC Business app, Host-to-Host, or API Account Holder Commission Agent Fees3 Commission-in-lieu of exchange2 Cable Charge Debit from SGD Accounts S$30 If applicable, fixed fee based on remitting currency3 Waived Waived Debit from Foreign Currency Account without Foreign Exchange Debit from Foreign Currency Account with Foreign Exchange
Telegraphic Transfer - Branch/Manual Instruction Account Holder Commission Agent Fees3 Commission-in-lieu of exchange2 Cable Charge Debit from SGD Accounts Same/Third Party: 1/8% commission (min S$10, max S$100) If applicable, fixed fee based on remitting currency3 N.A. Flat fee of S$40 Debit from Foreign Currency Account without Foreign Exchange Same/Third Party: 1/8% commission (min S$10, max S$120) 1/8% commission-inlieu of exchange2 (min S$25, max S$120) Debit from Foreign Currency Account with Foreign Exchange Same/Third Party: 1/8% commission (min S$10, max S$100) N.A. Withdrawal from Foreign Currency Time Deposits Same/Third Party: 1/8% commission (min S$10, max S$100) 1/8% commission-inlieu of exchange2 (min S$25, max S$120) Flat fee of S$35 IACH (International Automated Clearing House) Account Holder Charges Out-going Payments S$30 per transaction
OCBC Network Transfer - OCBC Velocity (Business Internet Banking), OCBC Business app, Host-to-Host, or API
华侨集团汇款Description 说明
Charges 收费 Out-going Payments
对外付款S$15 per transaction
每笔交易S$15
MEPS (MAS Electronic Payment System) Account Holder Charges Out-going Payments S$20
Cashier’s Order Account Holder Charges Payable to Own Name/ Third Party S$15 per Cashier’s Order Demand Draft Account Holder Commission Commission-in-lieu of exchange2 Postage Debit from SGD Accounts 1/8% commission
(min S$15, max S$100)N.A. If applicable Debit from Foreign Currency
Accounts with Foreign Exchange1/8% commission
(min S$10, max S$120)N.A. If applicable Debit from Foreign Currency
Account without Foreign Exchange1/8% commission
(min S$10, max S$120)1/8% commission-in-lieu of
exchange (min S$25, max S$120)If applicable GIRO (Payment and Collection) and Standing Instructions
Description Charges Outward GIRO S$0.20 per item Outward GIRO Return S$10 per item Inward GIRO Return Up to 50 items: S$0.50 per item
51 to 200 items: S$0.70 per item
201 to 500 items: S$1 per item
Above 500 items: S$1.50 per itemGIRO Standing Instruction S$10 per transaction FAST
FAST (Fast And Secure Transfers) - Transfer in S$, available via OCBC Velocity (business internet banking) and Business Mobile Banking app Description Charges FAST
(Payment and Collection)S$0.50 per transaction PayNow
PayNow is a new service that – via OCBC Velocity (business internet banking) or our Business Mobile Banking app – lets you:
- Receive money from a sender who uses just your Unique Entity Number (UEN) or QR code. Your bank account number need not be used;
- Make a secure payment using the recipient’s UEN (for businesses) or NRIC/ mobile number (for individuals).
Description Charges To receive money through PayNow Per transaction: S$0.20
(Introductory Promotion extended: Free till 31 December 2025)
The Bank reserves the right to impose charges of S$0.20 for certain use cases and industries.To make payment through PayNow Per transaction: - Applicable GIRO or FAST transaction fee
- S$0.20 lookup fee* (Introductory Promotion extended: Free till 31 December 2025)
Internal Funds Transfer
Description Charges Branch / Manual Instruction OCBC Velocity
(Business Internet Banking)For funds transfer within OCBC Singapore accounts S$15 per transaction Free Standing Instructions (Telegraphic Transfer/MEPS)
Description Charges Set-up Charge
Note: Standard charges apply as per section "Outward Remittances"
in this Business Banking Pricing GuideS$10 Amendment/Cancellation S$10 Rejected items due to insufficient funds S$30 Cancellations/Stop Payments/Amendments/Investigations
Cancellation Description Charge (SGD Account) Charge (Foreign Currency Account) Agent Fee Cable Charge Cashier’s Order S$5 per Cashier’s Order N.A. N.A. N.A. Demand Draft S$10 per draft US$5 per draft If applicable If applicable Stop Payments Description Charge (SGD Account) Charge (Foreign Currency Account) Agent Fee Cable Charge Cashier’s Order S$20 per Cashier’s Order N.A. N.A. N.A. Demand Draft S$20 per draft US$10 per draft If applicable If applicable Amendments/Cancellations/Investigations Description Charge (SGD Account) Charge (Foreign Currency Account) Agent Fee Cable Charge Telegraphic Transfer N.A. N.A. If applicable Flat fee of S$20 IACH N.A. N.A. N.A. Flat fee of S$20 -
Other Service Charges
ATM/OCBC Business Debit Card
Description Card Replacement Fee/Charges Lost/Stolen Card ATM: S$5 per card
OCBC Business Debit Card: S$20 per cardDamaged Card Free ATM Charges (Coin Deposit Fee) S$0.012 per coin
(total fee rounded to the nearest 1 cent)Sales Draft Retrieval Fee (1st copy)
(Applicable for OCBC Business Debit Card)S$5 Sales Draft Retrieval Fee (Subsequent copy)
(Applicable for OCBC Business Debit Card)S$15 Shared ATM S$0.30 charge from third withdrawal onwards per calendar month
3% is levied on the S$ equivalent of the amount withdrawn
(min S$5 and max S$20 per transaction)OCBC Malaysia & Bank NISP Indonesia ATMs S$2 per transaction Transactions (including refunds) in foreign currencies 2% administrative fee + costs of conversion applies Dynamic Currency Conversion Fee All MasterCard transactions effected in Singapore dollars in a foreign country or on a foreign website will have an additional fee of 1% levied on the converted Singapore dollar amount. Business Deposit Card
Description Card Issuance/Replacement Charges Card Issuance S$5 per card (Promotion extended: Free for applications before 31 December 2024) Replacement of card due to lost/stolen/damaged card S$5 per card (Promotion extended: Free for applications before 31 December 2024) eAlerts@ocbc
Service Type Service Fee Cash Alerts S$25 per month. 1st 3 months waived.
A monthly fee of S$25 will be payable for any one of the following combinations:
- Two different accounts with one Authorised User or
- One account with two different Authorised Users or
- Account 1 for Authorised User 1 and Account 2 for Authorised User 2
A monthly fee of S$10 will be payable for each additional account or Authorised User to be alerted
Trade Finance Alerts S$25 per month. 1st 3 months waived.
A monthly fee of S$25 will be payable for Trade Finance eAlerts for 2 different email user addresses
A monthly fee of S$10 will be payable for each additional Authorised User to be alertedCash and Trade Finance Alerts S$35 per month. 1st 3 months waived.
A monthly fee of S$15 will be payable for each additional account or Authorised User to be alerted.OCBC Velocity (Business Internet Banking)
Service Package Type Charges Basic Service Package
(Account Inquiry only)- Digital token: free
- Hardware token: S$50 each
Standard Service Package
(Account Inquiry and any 1 Maker/Authoriser for transaction approvals)- Digital token: free
- Hardware token: S$50 each
- Transaction fees apply
Classic Service Package
(Account Inquiry and up to 2 Authorisers for transaction approvals)- Digital token: free
- Hardware token: S$50 each
- Transaction fees apply
Premium Service Package
(Account Inquiry and Complex Authorisation Controls for transaction approvals)- Digital token: free
- Hardware token: S$50 each
- Transaction fees apply
OCBC OneCollect
OCBC OneCollect is an app that helps merchants to collect payments through QR code, receive real time transaction notifications and live transaction listings, along with end-of-day reports for easy reconciliation. Description Charges OCBC OneCollect 1) PayNow - 0.25% of the total funds collected, deducted on a monthly basis.
2) UnionPay – 1.50% of the total funds collected per day, deducted on a daily basis.
3) ShopeePay* – 1.50% of the total funds collected per day, deducted on a daily basis.
4) WeChat Pay* – 1.50% of the total funds collected per day, deducted on a daily basis. -
Account and Statement Service Charges
Description/Services Charges Document/Statement Retrieval Charges4
(for each monthly statement)Non-Borrowing Customer
Free for the current and previous month (statement only)
S$20 for retrieval of less than 1 year ago
S$30 for retrieval between 1 to 3 years ago
S$50 for retrieval of more than 3 years ago
S$150 per month + S$150 restoration charges for statements beyond 6 years - subject to availability
Borrowing Customer
New charges wef 1 January 2023:Free for the current and previous month (statement only)
S$21.60 (inclusive of GST) for retrievals of less than 1 year ago
S$32.40 (inclusive of GST) for retrievals between 1 to 3 years ago
S$54.00 (inclusive of GST) for retrievals of more than 3 years ago
New charges wef 1 January 2024:Free for the current and previous month (statement only)
S$21.80 (inclusive of GST) for retrievals of less than 1 year ago.
S$32.70 (inclusive of GST) for retrievals between 1 to 3 years ago.
S$54.50 (inclusive of GST) for retrievals of more than 3 years ago.
Audit Confirmation S$55 per financial year confirmation Letter of Reference/Foreign Endorsement
(non-loan-related)S$30 per letter Letter of Reference/Foreign Endorsement
(loan-related)New charges wef 1 January 2023:
S$32.40 per letter (inclusive of GST)
New charges wef 1 January 2024:
S$32.70 per letter (inclusive of GST)Retrieval of MT103 S$5 (not subject to GST) Tracers/Investigations Cable Charge -
Cash Deposit/Withdrawal and Exchange Services Charges
Cash Deposit/Withdrawal and Exchange Services at Teller Counter
Description Charges Coin Deposit S$2.00 for every 100 coins deposited or part thereof Coin Withdrawal S$2.00 for every S$50 coins withdrawn or part thereof Coin Exchange S$2.00 for every S$50 changed or part thereof Note: Our coin deposit and exchange services are available every Tuesday and Thursday during the following hours:
- 3.00pm to 5.00pm (Sunday Banking branches*, Holland Village, Paya Lebar Square and White Sands branches)
- 9.30am to 11.30am (All other branches)
Description Charges Cash Deposit First S$20,000 per day - free; every subsequent S$10,000 (or less) - S$20.
For faster processing of notes deposited, please follow the guidelines below. Otherwise, an additional S$50 fee will be levied.
- Sort the notes by denomination and arrange them with the front side facing up, unfolded;
- Separate the notes into paper and polymer types, then pack them using rubber bands in 100-piece bundles of the same denomination;
- Bundle loose notes (ie. fewer than 100 pieces per denomination) together, sorted by denomination, and stack them upwards from the largest-sized notes (at the bottom) to the smallest (at the top).
Over The Counter Branch Transactions
(Applicable to new Business Banking customers from 15 October 2014 onwards)
The 5 transactions are calculated on an aggregate basis for all your bank accounts under the same customer name.
- First 5 transaction per month: Free
- 6th to 20th transaction: S$5 per transaction
- 21st transaction onwards: S$10 per transaction
Over The Counter Branch Transactions
(Applicable to new Business Banking customers who opened accounts between 1 November 2013 to 14 October 2014)
The 5 transactions are calculated on an aggregate basis for all your bank accounts under the same customer name.
- First 5 transaction per month: Free
- 6th transaction onwards: S$3 per transaction
Chargeable transactions include cash deposits (including bulk cash) and withdrawal/cash cheque encashment.
Express Bulk Cash Deposit Service (Free 30 disposable security bags* upon sign up)
Description Charges Cash Deposit First S$30,000 per day - free; every subsequent S$10,000 (or less) - S$5.
For faster processing of notes deposited, please follow the guidelines below. Otherwise, an additional S$50 fee will be levied.
- Sort the notes by denomination and arrange them with the front side facing up, unfolded;
- Separate the notes into paper and polymer types, then pack them using rubber bands in 100-piece bundles of the same denomination;
- Bundle loose notes (ie. fewer than 100 pieces per denomination) together, sorted by denomination, and stack them upwards from the largest-sized notes (at the bottom) to the smallest (at the top).
Note: Ensure coins are packed not more than a total of S$5 worth of coins per bag.
OCBC Security Bag/Tag
* Small size: 257mm (W) x 305mm (L)Disposable bag (small)
S$0.40/bag (inclusive of GST) (min. 500 bags, in multiples of 500)
Disposable bag (big)
S$0.60/bag (inclusive of GST) (min. 500 bags, in multiples of 500)
Reusable bag
S$70/bag (inclusive of GST)
Security Tag
S$0.14/tag (inclusive of GST) (min. 1,000 tags, in multiples of 1,000)Express Bulk Cheque Deposit Service
Description Charges OCBC Security Bag/Tag
Disposable bag
S$0.40/bag (inclusive of GST) (min. 500 bags, in multiples of 500)
Reusable bag
S$70/bag (inclusive of GST)
Security Tag
S$0.14/tag (inclusive of GST) (min. 1,000 tags, in multiples of 1,000)Deposit/Withdrawal in Foreign Currency Notes
Description Cash Deposit Charges Deposit/Withdrawal in Foreign Currency Notes Minimum 1% commission-in-lieu of exchange2 (subject to availability of currency types and currency notes) Cash Deposit via ATMs
Description Cash Deposit Charges Cash Deposit (Card-less) Free. Maximum 10 deposits per account per day Cash Deposit (with Card) Free. Maximum S$100,000 per account per day