Business Growth Account

One account.
All your startup needs.

Why you will love this
Who can apply

Why you will love this

Free and unlimited FAST, GIRO and PayNow Transactions

First 2 months free with a low initial deposit of S$1,000

Instant^* account opening with Singpass

Who can apply

All businesses registered in Singapore

For businesses registered in other countries, apply for the Business Foreign Account

Additional eligibility criteria may apply

Apply online

Trusted by thousands of startups with their entrepreneurial journey

lay the groundwork

Free unlimited FAST, GIRO and PayNow transactions

Save up to $500 on local transfer fees monthly while enjoying seamless integration of your day-to-day activities.

Up to 6% Cashback on your free business debit card

Easily access your digital business debit card in your mobile wallets and enjoy exclusive card privileges, plus up to 6% cashback when you spend S$6,000 within the first 3 months. No minimum spend and annual fees at all.

Terms and conditions apply.

Tailored to your industry

From F&B and retail to healthcare and more, we have the right solutions for any business need.

Command your business at your fingertips

Power your growth and get access to tools to optimise bill payments, simplify your expense management, and track your finances anywhere with the business online banking platforms.

scale effortlessly

Go borderless with overseas payments

Enjoy the rest of the world with a multi-currency account.

Send and receive money in over 60 currencies

Get your business on top of exchange rates

Send and receive money in over 60 currencies

Scale your business internationally with the ability to transact in over 60 different currencies and pay in local currency such as VND to Vietnam and KRW to South Korea, all at just a low flat fee of S$30 per transaction.

Network Transfer

Enjoy same-day, full value transfers to facilitate your business operations across key treasury centres in ASEAN and Greater China at a low flat fee of $15, which is lower than the standard telegraphic fee.

Get your business on top of exchange rates

Reduce the risk of currency fluctuations by viewing FX rates online in real time, available 24/7. Lock in the rates which works best for your business from 15 major currencies.

Apply now

Before you apply

Eligibility requirements

Country of registration

Businesses registered in Singapore
For businesses registered in other countries, apply for the Business Foreign Account

Terms and conditions

Download Business Account Terms and Conditions

*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

Initial deposit

S$1,000

Fall below fee

S$15 per month if monthly average balance falls below S$1,000

GIRO and FAST transaction

Free for local transfers. Refer to the Business Banking Pricing Guide

Account fee

S$10 per month. Waived for the first 2 months.

Pricing guide and notices

Complete list of fees and charges

Refer to the Business Banking Pricing Guide

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 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.