Making Transfers in Singapore Dollars

To another OCBC Singapore account

  • Transfer electronically via Velocity@ocbc (business internet banking)
  • Quick transfer of funds (free for first 3 transactions, S$5 per transaction from the fourth transaction onwards). Charges are applicable per submission made through branch.


Ways to transfer to another OCBC account




+ Show more details




To another bank account in Singapore

Different ways to make payments and transfers locally depending on the urgency of your payment.



Standard processing time

(GIRO)
  • For non-urgent transfers which take up to 2 working days
    (via Velocity@ocbc - business internet banking)
  • S$0.20 for every GIRO transfer via Velocity@ocbc
    S$0.10 for every GIRO transfer via Velocity@ocbc for Business Entrepreneur Account


Same-day processing

(MEPS - MAS Electronic Payment System)
  • For urgent transfers within the same day. S$20 for every transfer
  • Same-day transfers to any bank for submissions made before 4.30pm
    (via Velocity@ocbc - business internet banking)
  • Same-day transfers to any bank for submissions made before 3pm (via branch)





+ Show more details



Cheques & Cashier's Order

Standard payment methods which take longer to process.


Cheques
  • For standard payments
  • Additional charges apply if your cheque bounces
Cashier's Order
  • Guaranteed cheque that will not bounce
  • To be used only in situation where your creditors do not accept cheque payments
  • Amount will be deducted directly from your account when a cashier's order is issued





Need help?

(65) 6538 1111

or contact us online