Running a business has many challenges. Banking should not be one of them. That's why we have designed the OCBC Business Entrepreneur Account to help you save more with free transactions and business services, so that you can focus on growing your business.
Free transactions every month
200 GIRO Transactions
20 FAST Payment Transfers
2 outward Telegraphic Transfers1 with 'OURSELVES' or 'SHARED' charge types
All transactions, except cheques clearance, must be made via Business Internet Banking (Velocity@ocbc)
Low initial deposit
Start your account with just S$3,000
No minimum balance for first 6 months
Thereafter, maintain a monthly average balance of S$5,000
More cost savings
Free Business Internet Banking
Free Business Mobile Banking
No annual fee on your personalised OCBC Business Debit Card
No monthly account fee for the first 3 months, thereafter S$38 per month
Free Cash Alerts via email or SMS (only for Singapore-registered numbers)
50% off Singtel Business Mobile Plan2
Enjoy savings on your mobile plan and mobile security for your phone. Offer only available at point of account opening for new OCBC Business Banking Customers
Only applicable to (1) Singapore-registered Sole Proprietorships owned by an individual or (2) Singapore-incorporated private limited companies with a sole shareholder, who is also the sole director.
The individual must (i) be a Singapore citizen or Singapore permanent resident and (ii) have an existing OCBC personal bank account.
Accounts will be opened the next working day for applications submitted before 12pm on the previous working day.
The Bank reserves the right to request for additional documents to support account opening.
Only applicable for outward telegraphic transfers where charge type is stated as 'OURSELVES' (all local and overseas charges to be paid by account holder) or 'SHARED' (local charges to be paid by account holder, overseas charges to be paid by beneficiary) and excludes any applicable agent fee. All charges, if converted into another currency, are performed at the Bank's published foreign exchange rates.
Singtel Business Mobile Plan
Eligible to all new OCBC Business Banking customers who successfully open any OCBC Business Account. Additional eligibility criteria may apply
Will continue to be valid as long as the OCBC Business Account is maintained
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$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.