Open a Singapore Bank Account Online | Banking in Singapore | OCBC

Singapore Bank Account

New account, new experiences

Why you will love this

Open a Singapore account remotely within minutes

Get a bundled account comprising a Statement Savings Account and Global Savings Account

Access to major currencies

Who can apply

Individuals above 18 years old who hold e-passports from Hong Kong, Malaysia, Indonesia or mainland China

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Need a Singapore bank account for your work, study or housing needs? Open your account remotely with us today.

GET STARTED ON YOUR BANKING JOURNEY

Whether you’re visiting Singapore for short-term work opportunities or planning on establishing more long-term roots, it’s essential to be equipped with the right resources. If you are intending to work, live, or study in Singapore, having a Singapore bank account will empower you to effectively manage your finances and achieve your personal needs and goals. 

Make your time in Singapore hassle-free. Open an OCBC account with ease from wherever you are – there is no need to visit a branch!

ABOUT US
 

We are the longest established Singapore bank, formed in 1932 from the merger of three local banks. We are now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 by Moody’s and an AA-by both Fitch and S&P.

We are consistently ranked among the World’s Top 50 Safest Banks by Global Finance and have been named Best Managed Bank in Singapore by The Asian Banker. Our key markets are Singapore, Malaysia, Indonesia and Greater China.

Find out more

what you will get

Global Savings Account (USD)

  • Exchange for major currencies – AUD, CAD,CNH, EUR, GBP, HKD, JPY, NZD and USD
  • Lock in desired FX rates with Rate Alerts and Auto-execute orders

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Statement Savings Account (SGD)

Save and make transactions, and keep track of your spending with monthly electronic statements

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BANKING FEATURES THAT COME WITH YOUR ACCOUNT
Seamless cross-border payments

Seamless cross-border payments

Scan and pay with your app at over 40 destinations worldwide, including China, Hong Kong, Malaysia, Indonesia, Thailand and Japan.

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Cardless cash withdrawals

Cardless cash withdrawals

Make cardless cash withdrawals using the OCBC app at any OCBC ATM.

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More ways to access your money

More ways to access your money

Bank at our 33 branches and over 1,000 OCBC and UOB ATMs islandwide.

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Bank safely and securely

Bank safely and securely

Prevent unauthorised transfers with Money Lock, our latest anti-scam security feature designed to help you better protect your funds.

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before you apply

Eligibility requirements

Minimum age

18 years old

Passport type

Hong Kong, Malaysia, Indonesia or mainland China

Documents required

• e-passport and ID card
(An e-passport has a small gold camera symbol on its front cover to signify that it contains biometric data.)

Additional document

Include any one of the following documents

• Singapore Employment Offer Letter
• Singapore School Admission Letter
• Immigration & Checkpoints Authority (ICA) In-Principle Approval Letter
• Singapore-based utilities bill, telco bill, rental agreement or proof of property purchase
• Your valid Singapore Government-issued pass

Deposit requirement

Minimum initial deposit (Your first deposit must be 3,000 SGD (single transaction) or more from a bank account in your name and not from a digital wallet. The funds must be deposited within 90 days of account opening)

S$3000

Minimum balance for Statement Savings Account (Non-Resident).

S$1000

Fee

Fall below fee

S$10 – Waived for first 12 months

Terms and conditions

Terms and conditions governing Deposit Accounts

Terms and conditions governing Electronic Banking Services

Terms and conditions governing OCBC Electronic Statements

Important notices

Fees and charges

Foreign Currency Deposits

Automatic Standing Instructions

GIRO

Insured Deposits Register

FAQs

Deposit 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. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

 

Download OCBC app

Open a Singapore account remotely

Available on the Apple App Store, Google Play Store and HuaWei AppGallery.

Download now

Available on the Apple App Store, Google Play Store and HuaWei AppGallery.

Download now

Available on the Apple App Store, Google Play Store and HuaWei AppGallery.

Download now

Available on the Apple App Store, Google Play Store and HuaWei AppGallery.

Download now

FAQs
Common Questions
See all questions
As a foreigner, am I eligible to apply for an account via this channel?

If you hold a biometric chip passport from Hong Kong, Malaysia, Indonesia, or Mainland China and are in Singapore or plan to come to Singapore soon to work, study, or live, you will be able to begin the account application and onboarding process via the OCBC Digital app.

Please ensure you have a valid document to evidence the plan to relocate to Singapore at point of application.

What accounts will be opened for me? Can I choose to open other accounts instead?

Upon successful application, a Statement Savings Account (SGD) and a Global Savings Account (USD) will be opened for you. You can proceed to open other accounts via OCBC Internet/Mobile Banking once you have been onboarded as an OCBC Bank customer.

What do I need to open an account via the app?
  1. A passport with a biometric chip from Hong Kong, Malaysia, Indonesia, or Mainland China
  2. National ID card
  3. Phone with NFC capability and camera function
  4. Proof of address and source of document— For Hong Kong citizens, as your ID card /Passport does not contain your address details, we will need you to provide a proof of address and source of document for verification (please refer to FAQs 7 & 8 for more details).

Upon submitting your application through the OCBC app, you will receive an email. Please submit one of the documents listed below, dated within the last 3 months, within 7 days. Please state your passport number in the subject line of your response:

  • Singapore employment offer letter
  • Singapore school admission letter
  • Immigration & Checkpoints Authority (ICA) in-principle approval letter
  • Singapore utilities/telco bill, rental agreement or proof of property purchase.
  • Valid Singapore Government-issued pass 

We will notify you if your account opening is successful within 21 working days from receiving your documents.

How do I fund my accounts?
Your first deposit must be 3,000 SGD or more (single transaction) from a bank account in your name and not from a digital wallet. The funds must be deposited within 90 days of account opening. 

Making this deposit will help us verify your identity. Failure to comply will result in the closure of your account.

If you have an existing SGD account, you can use FAST transfer to transfer to your newly opened accounts. For overseas transfer, you can transfer funds via telegraphic transfer and input your new bank account details. Do ensure to input our SWIFT code: OCBCSGSG

I have some questions and would like to speak to a bank officer about my banking needs in Singapore. What can I do?

If you have other queries about your banking needs in Singapore, please contact request_sg@ocbc.com

See all questions

Foreign Currency Deposits

Foreign currency deposits are subject to exchange rate fluctuations that may provide opportunities and risks. Earnings on foreign currency deposits would be dependent on the exchanges rates prevalent at the time of their maturity if any conversion takes place. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency deposit is suitable for you in the light of your investment objectives, financial means and risk profile. Any pre-termination costs will be deducted from your deposit.

Promotional interest rate

Currency Tenure
(months)		 Apply via
Singapore Dollar (SGD) 12 Internet Banking Mobile Banking

How it worksHow it works

  Referral reward Bonus reward
1st referral S$15 + S$10
2nd to 4th referral S$15 each –
5th referral S$15 + S$20
6th to 9th referral S$15 each –
10th referral S$15 + S$30
Total rewards S$150 + S$60
  1. Refer your overseas friends to OCBC using your unique referral code.
  2. Earn S$15 for each friend who opens an account with OCBC and deposits S$1,000 or more.
  3. From 1 Oct 2023 – 31 Dec 2024, earn an additional bonus for your 1st, 5th and 10th referral (excluding any friends you previously referred).

From the 11th referral onwards, you will receive S$15 for each referral.

How to qualify for the lucky draw

  • Valid from 15 July to 31 October 2024 (both dates inclusive).
  • To earn lucky draw chances, your referred overseas friends* who are relocating to Singapore must open a Singapore bank account with your referral code found in the OCBC app, make a minimum deposit of S$1,000 in fresh funds into their new account within 30 days from account opening date, and maintain it in their account for at least 30 days
  • There is no cap on the number of chances to be earned
  • Full T&Cs apply

*Individuals above 18 years old who hold e-passports from Hong Kong, Malaysia, Indonesia or mainland China

Get rewarded for every referral and earn lucky draw chances

Referral(s) Cash rewards Lucky draw chance(s)
1 S$15 + S$10 bonus 1
2-4 S$15 each -
5 S$15 + $20 bonus 3
6-9 S$15 each -
10 S$15 + $30 bonus 3
Total rewards S$210 7 chances

>10 referrals
3 additional lucky draw chances for every incremental 5 referrals (no limit).

  1. Refer your overseas friends who are relocating to Singapore to OCBC using your unique referral code.
  2. Earn S$15 for each friend who opens an account with OCBC and deposits S$1,000 or more within 30 days from account opening date and maintained it for 30 days
  3. From 1 Oct 2023 – 31 Dec 2024, earn an additional bonus for your 1st, 5th and 10th referral (excluding any friends you previously referred).
  4. Referral lucky draw: From 15 July to 31 October 2024, earn 1 lucky draw chance on your first referral and 3 additional chances for every 5 referrals

From the 11th referral onwards, you will receive S$15 for each referral.

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