Business Growth Account

One account.
All your startup needs.

Why you will love this

S$60 cashback when you open your account within 60 days of business registration and maintain a balance of S$1,000. T&Cs apply

$0 minimum spend and annual fees on your debit card

Complimentary 6-month fire insurance. T&Cs apply

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

Fuss-free account opening

Get your business account number instantly*. Before you apply, have these on hand:

  • Your entity name or Unique Entity No. (UEN)
  • Your Singpass or Corppass login credentials
  • Image of your signature
  • Initial deposit of S$1,000

Need more than one account? You can open separate accounts for different businesses.


Apply now

how to apply
promotions

Up to 1% cashback on your free business debit card

Up to 1% 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 1% cashback on everyday business spend and unlimited 0.2% cashback on all other spend.

Terms and Conditions apply.

Transact like a local in 13 major currencies for free

Transact like a local in 13 major currencies for free

Enjoy a perpetual waiver of the account fee when you sign up for the OCBC Multi-Currency Business Account with your Business Growth Account. No initial deposit or setup fee required.  

Terms and Conditions apply.

digital ecosystem

Business Banking Digital Ecosystem

Run your business with our business online banking platforms on web and mobile, where you can view and manage your accounts, transactions, cash flows and trade financing securely.

Be in complete control of your accounts
Gain access to business online banking platforms and enjoy account management features exclusive to OCBC.
Optimise your cash flow
Make payments for invoices and transfers to vendors and staff with automatic, scheduled payments.
Simplify expense management
Get visibility and control when you reconcile your business expenses in one place.
Enjoy seamless accounting integration
Easily connect your business account with popular accounting and HR solutions.
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
*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
80 free FAST and 80 free GIRO per month. 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

Complimentary 6-month Fire Insurance  

Terms and Conditions
Download Terms & Conditions governing the Complimentary Great Eastern Fire Insurance Promotion

By proceeding with the business account application, consent is obtained to provide necessary information to Great Eastern to apply and issue the insurance policy.

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.

SDIC Consumer Guides

Insured Deposits Register

Download register of insured deposits document for more information.

Terms and conditions governing the OCBC Business Account Opening Campaign 2025

Limited to the first 200 Eligible Accounts for each month.

Download the Terms and Conditions


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