Business payments online made simple in local & foreign currencies
BUSINESS PAYMENTS IN LOCAL AND 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) | |
|---|---|---|---|
| Overview |
Automated electronic payment service, which takes up to 2 working days
for funds to be credited NEW Any businesses with an OCBC SGD Business Account and OCBC Velocity can set up payment to participating billing organisations in minutes with eGIRO. Learn more |
Instantaneous SGD transfers to participating banks | Same-day funds transfers to banks for high value & time-sensitive payments. Subject to cut-off times. |
| Suitable for | Non-urgent and recurring transfers (eg: vendor and payroll) | Urgent transfers | Urgent transfers |
| Availability | Working days only subject to cut off times | Anytime – 24/7, 365 days a year |
Working days only subject to cut off times as follow:
|
| Transaction limit | Maximum of S$90 million per transaction | Maximum of S$200,000 per transaction | No limit |
| Fees |
S$0.20 per transaction |
S$0.50 per transaction | S$20 per transaction |
- 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
APPS FOR ONLINE MONEY TRANSFER FOR BUSINESS
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.
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PayNow 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