From a satisfied customer to an advocator: Mr. Du on ease of opening his bank account prior to his arrival in Singapore
From a satisfied customer to an advocator: Mr. Du on ease of opening his bank account prior to his arrival in Singapore
Congratulations to Mr. Du for winning the grand prize in our Dragon Year Referral Lucky Draw, which includes a S$8,888 cash reward and an omakase dinner for two at Sushi Moka worth S$536. We had the pleasure of inviting Mr. Du for an exclusive interview to share his thoughts on why he chose OCBC Bank, his experience with OCBC’s digital account opening service, and his reaction to winning the lucky draw.
Mr. Du is from Beijing and retired just last year. Planning to relocate to Singapore for his retirement, he wanted to secure a local bank account and entrust his portfolio to a trustworthy financial institution in Singapore.
He has been long attracted to Singapore's beautiful environment and pleasant climate. His business acumen, developed over decades of his professional career, also made him realise that Singapore and the Southeast Asia region have great prospects. Hence Mr. Du’s local banking journey begins here.
Why did he choose OCBC?
Mr. Du learned about OCBC Bank through his son. Having graduated from Xiamen University in China, his son has always been an admirer of Mr. Lim Boon Keng, the second president of Amoy (Xiamen) University and one of the co-founders of OCBC Bank. During a casual conversation, his son recommended OCBC Bank to him. Its long historical standing and splendid reputation in China’s Southern region further affirmed Mr’s Du choice and strengthened his confidence in OCBC Bank.
Mr. Du mentioned that banking with OCBC Bank is simple and convenient, with friendly service for new customers. As someone who finds communicating and reading in English challenging, OCBC Bank stands out as it provides services in Chinese and have Chinese interfaces – an exception compared to most overseas banks. Additionally, OCBC Bank is the first bank in Singapore to offer digital remote account opening services for foreigners. Mr. Du opened his OCBC Singapore bank account on his mobile phone during his spare time, completing his application within minutes.
In particular, he highlighted the convenience of OCBC Bank’s remote account opening services to foreigners, which do not require any branch visits or the submission of physical documents. All that is needed is an e-passport and ID to apply for an account via the OCBC Digital app. He expressed his satisfaction towards the smooth and hassle-free process. He was also pleased with OCBC’s Global Savings Account, which gives him the flexibility to transact in up to 10 major currencies.
Impressed with the convenience and seamless digital account opening process, Mr Du created step-by-step instructional videos to help his friends prepare for their relocations, while earning rewards along the way. With every successful referral, both Mr. Du and the referred friend received a S$15 cash reward. Upon the 10th successful referral, he received additional bonus referral rewards and S$210 cash rewards in total. What's more, there was no limit on the number of referrals one could make!
How did he feel about winning the lucky draw?
“I feel incredibly honoured to win the grand prize on such an excellent financial platform like OCBC Bank,” said Mr. Du, adding that he views this win as a personal recognition.
Look out for and participate in our future upcoming promotions – and you could be the next lucky winner like Mr. Du!
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This advertisement has not been reviewed by the Monetary Authority of Singapore.
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Information presented as at 1 January 2024.
Sources
1Source: Singapore Ministry of Finance Budget Statement 2024, 16 February 2024
2The S$3,330 estimated monthly payout is based on the payouts of a male CPF member who sets aside the ERS of S$426,000 at age 55 in 2025 and starts payouts under the CPF LIFE Standard Plan at age 65.
3The estimated yield of 9.4% per annum is calculated from [(S$3,300 x 12 months) ÷ S$426,000] = 9.4%
4Source: Basic Financial Planning Guide, developed by the Monetary Authority of Singapore and MoneySense, together with the CPF Board, Association of Banks in Singapore, Association of Financial Advisers (Singapore) and Life Insurance Association
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Available on the Apple App Store, Google Play Store and HuaWei AppGallery.
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OCBC 360 Account
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Popular among new customers, grow your savings faster with bonus interests on salary crediting, spending and more.
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FX Trading
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For those who frequently travel overseas, enjoy attractive rates when you convert foreign currencies with us online.
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For investors who value wealth preservation, leverage this account to buy and sell gold and silver in real time.
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Let our 24/7 robo-investment service help manage and grow your portfolios with automatic rebalancing at regular intervals.
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Global Savings Account
From online shopping to cross-border transfers, transact up to 10 currencies effortlessly with this multi-currency account.
From online shopping to cross-border transfers, transact up to 10 currencies effortlessly with this multi-currency account.
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