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OCBC Bank – Corporate Services Review
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OCBC Bank – Corporate Services Review

OCBC Bank

8.2

Speed

8.2/10

Price

8.4/10

Products Offering

8.2/10

Quality of Service

8.2/10

Price Transparency

8.2/10

 

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Don’t Forget to check ASPIRE BANK, voted #1 in Singapore for Corporate Bank this year from our community and expert panel

Who they are

Founded in 1932, OCBC is Singapore’s oldest bank and is consistently recognized as among the World’s Top 50 Safest Banks, the World’s Most Highly-Rated Banks and the Best Managed Banks in Singapore. It is also the second largest financial service group, by assets, in South East Asia. With the headquarter in Singapore, OCBC operates in 18 countries and currently has more than 570 branches around the globe serving over 2.5 million customers.

Main Corporate Services

OCBC has created a variety of business banking accounts to cater to the banking needs of different types of business owners. Each of the following bank accounts come with different key feature:

  • Singapore dollar accounts (SGD Accounts) 1. Business Growth Account – designed for new businesses 2. Business Entrepreneur Account – perform more transactions 3. Business Entrepreneur Account Plus – expanding or established businesses
  • Foreign Currency Accounts 1. Business Smart Account – initial deposit varies dependent upon the country 2. Foreign Currency Call Account – 8 different currencies; interest if minimum balance maintained
  • Business Foreign Account – different currency accounts, for companies incorporated outside of Singapore

Types of SGD Account

Business Growth Account Business Entrepreneur Account Business Entrepreneur Account Plus
     
Low Initial Deposit: S$500 Initial Deposit: S$3,000 Minimum Deposit S$30,000
No monthly account fee S$38 monthly. The first three months waived. No account fees.
Annual fee of $38   Free first 50 cheques monthly
No minimum balance for the first 6 months Thereafter, a monthly average balance of S$3,000
No minimum balance for the first 6 months. Thereafter, S$5,000.
Minimum Balance S$30,000
     
     
     

Multi-Currency Business Account Renminbi Business Account

Multi-Currency Business Account Renminbi Business Account

OCBC Bank Summary Review

As a business owner, you might want to monitor the constant flow of money coming in and out. OCBC provides innovative ways of tracking your business transactions with their [email protected] (business internet and mobile banking solution) and [email protected] (SMS/email alerts). Transferring payment within Singapore and overseas You can transfer payment in your preferred currency within OCBC in Singapore, and even transfer in foreign currencies overseas. Plus, you can get your business debit card to make all transactions. If you are new to all the banking terms, getting help is not such a bad idea. OCBC can arrange a meeting with your Relationship Manager for the service of your documents since you will be required to fill in a lot of forms in opening a bank account. Indeed, OCBC Bank is one of the banks where you can entrust your money. After all, being awarded as the Best SME Bank and Best Private Bank for different awarding bodies throughout the years tells a lot about what can they offer to us. If you have had an experience with them, please let us know by leaving a comment on this page. 

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Don’t Forget to check ASPIRE BANK, voted #1 in Singapore for Corporate Bank this year from our community and expert panel

Address

Address:

65 Chulia Street #01-00 OCBC Centre Singapore 049513

Telephone:
Email:

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Contact for more details

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Comments (5)

  1. Speed

    0.6

    Price

    4.6

    Products Offering

    0.4

    Quality of Service

    0.4

    Price Transparency

    0.6

    Beware! due to their own internal issue they will close corporate account instantly. No reason given. After read many news, I found out is their own internal security issue where they can protect the account. Surprise they still want SME to open the account in their bank. Don’t trust them….

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