A first-of-its-kind savings account for kids aged 7 to 15, the OCBC MyOwn Account lets your child manage their own money while you stay in control.
T&Cs apply. Insured up to S$100k by SDIC.
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. With a bank account, you can effectively manage your finances to achieve your 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!
Need a Singapore bank account for your Singapore needs? Via the OCBC app, OCBC is the first Singapore bank to enable a fully digital account opening service with access of up to 10 major currencies for consumers in its key markets who are relocating to Singapore. Let us settle your banking needs, so you can focus on settling in.
T&Cs apply. SGD deposits are insured up to S$100k by SDIC.
22 Jun 2023
Consumers from OCBC’s key markets who are relocating to Singapore can open an account remotely via the OCBC app.
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.
Save and make transactions, and keep track of your spending with monthly electronic statements
Scan and pay with your app at over 40 destinations worldwide, including China, Hong Kong, Malaysia, Indonesia, Thailand and Japan.
Make cardless cash withdrawals using the OCBC app at any OCBC ATM.
Bank at our 33 branches and over 1,000 OCBC and UOB ATMs islandwide.
Prevent unauthorised transfers with Money Lock, our latest anti-scam security feature designed to help you better protect your funds.
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
• ICA (Immigration & Checkpoints Authority) In-Principle Approval Letter
• Singapore-based utilities bill, telco bill, rental agreement or proof of property purchase
• Your valid Singapore Government-issued pass
Minimum initial deposit within 90 days (the initial deposit must come from a bank account in your name. Transfers from digital wallets will not be accepted)
S$3000
Minimum balance for Statement Savings Account (Non-Resident).
S$1000
Fall below fee
S$10 – Waived for first 12 months
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.
Available on the Apple App Store, Google Play Store and HuaWei AppGallery.
Available on the Apple App Store, Google Play Store and HuaWei AppGallery.
Available on the Apple App Store, Google Play Store and HuaWei AppGallery.
Available on the Apple App Store, Google Play Store and HuaWei AppGallery.
If you hold a biometric chip passport from Hong Kong, Malaysia, Indonesia, or Mainland China and in Singapore or plan to come to Singapore soon for work, study, medical or to buy a property, you will be able to begin the account application and onboarding process via the OCBC app.
Convenience
There is no need to visit any OCBC branch. The entire application can be done via your phone.
Ease of Application
For applications via this channel, your ID/passport details will be populated into the application form after scanning them. You are only required to verify your personal information and complete the account application by filling a few additional details after that.
Instant
Upon successful completion and approval of your account application, you will receive your account numbers immediately. If we need to perform additional checks for your application, you will receive your account numbers within 3 working days (upon approval of your application).
You can choose to be onboarded via English or Chinese by choosing your preferred language at the start of the journey. In the event of inconsistency between the English and Chinese versions, the English version will be used.
For subsequent day-to-day banking, English is the main language used throughout the OCBC Digital app. Chinese is used only for certain transactions only.
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.
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 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 |
From the 11th referral onwards, you will receive S$15 for each referral.
How to qualify for the lucky draw*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).
From the 11th referral onwards, you will receive S$15 for each referral.
Scan the QR code to download the app on the Apple App Store, Google Play Store and HuaWei AppGallery.
