Business Growth Account

Our best-selling Business Account is now even better

Why this makes sense for your
business

No initial deposit, no minimum balance required

Unlimited free FAST and GIRO transactions

Save time and skip the branch. Open your business account online and get your account number instantly*

Eligibility

All businesses registered in Singapore

For all other businesses, please apply for the Business Foreign Account

Additional eligibility criteria may apply.

Expect the unexpected from us. We have redesigned our best-selling business account to be even better. Which is why 1 in 2 businesses choose to bank with us.

BENEFITS

Save on fees

We are the only bank with free unlimited Fast and Giro Transactions, making it cost-effective for your business. No fall below fees also makes it easy for you to maintain the account.

Save your time

Open your business account instantly* online and receive your account number on the spot. No meet up or paperwork required. But if you need us, we are only a call away.

Use your money for your business

We are the only bank that doesn’t require any initial deposit to open a business account.

Expect more than usual banking services

Besides Velocity@OCBC (Business Internet Banking), Mobile Banking App and Business Debit Card, your business account also comes with our complimentary digital business dashboard. This helps you keep track and run your business.

TOOLS FOR YOUR BUSINESS

Business Internet Banking (Velocity@ocbc)

  • Quick overview of your account summary, payments, collections and transaction activities.
  • Access to richer reporting to help you make informed business decisions.
  • Intuitive steps to help you get your transactions done faster and easier.

Learn more

  • Quick overview of your account summary, payments, collections and transaction activities.
  • Access to richer reporting to help you make informed business decisions.
  • Intuitive steps to help you get your transactions done faster and easier.

Learn more

Digital Business Dashboard

  • Powered by data from the various business apps that your business is using.
  • See how the different parts of your business is performing, all in one place, on any device.
  • Start seeing patterns and trends that can help you to manage and grow your business better.
  • Free for all OCBC Business Banking customers.

Learn more

  • Powered by data from the various business apps that your business is using.
  • See how the different parts of your business is performing, all in one place, on any device.
  • Start seeing patterns and trends that can help you to manage and grow your business better.
  • Free for all OCBC Business Banking customers.

Learn more

Business Mobile Banking

  • Quick access to your account balances with just one touch of your fingerprint.
  • Make payments and approve transactions on the go.

Learn more

  • Quick access to your account balances with just one touch of your fingerprint.
  • Make payments and approve transactions on the go.

Learn more

OCBC Business Debit Card

  • Enjoy the convenience of MasterCard and NETS network. Access to more than 1,200 ATMs island-wide.
  • Enjoy 0.5% rebate on foreign currency spend and 0.2% rebate on local currency spend. No minimum spend, no rebate cap.
  • Enjoy OCBC Cards promotions.
  • Free personalised debit card

Learn more

  • Enjoy the convenience of MasterCard and NETS network. Access to more than 1,200 ATMs island-wide.
  • Enjoy 0.5% rebate on foreign currency spend and 0.2% rebate on local currency spend. No minimum spend, no rebate cap.
  • Enjoy OCBC Cards promotions.
  • Free personalised debit card

Learn more
promotions

Exclusive OCBC Multi-Currency Business Account promotion

Need to transact in foreign currency?

Open an OCBC Multi-Currency Business Account with your Business Growth account and enjoy both with just one account fee of S$10/month!

Apply now

before you apply

Eligibility

Location of business incorporation and registration

All businesses registered in Singapore

For other business i.e. Foreign incorporated, click here

Terms and conditions

Download here


*Instant account opening is only applicable for Singapore incorporated companies opening its first OCBC Business Banking Account owned by one or two Singaporeans and PRs only, and will be subjected to approval by OCBC Bank. For others, you can still apply online and we will follow up with you on your application.


Fees and charges

Initial Deposit

NA

Fall below fee

NA

GIRO and FAST transaction

Free

Monthly Service fee

S$10 (Waived for the first 2 months)


Pricing guide and notices

Full pricing guide and service fees

Download here


Exclusive OCBC Multi-Currency Business Account promotion

Exclusive OCBC Multi-Currency Business Account promotion

Fee of S$10/month is waived if you also have an OCBC Business Growth Account opened.

S$10/month is chargeable if you no longer or do not have an OCBC Business Growth Account.


Ready to apply?

Get your Business Growth
Account instantly* online

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Additional Information

Deposits 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$75,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.



Insured Deposits Register

Download here for more information.