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Velocity@ocbc, our simple electronic banking system provides you with automated collection facilities. It is less time-consuming than traditional methods and helps manage your accounts receivables easily.

Velocity gives you quicker access to working capital and accurate information, facilitating critical aspects of business planning and improving overall credit monitoring.

Next Steps : 
  Benefits
 A safe and secure electronic delivery channel
 Full integration of payment processes and into ERP and accounting systems
 Collection Services
-Interbank GIRO direct debiting
-Lock Box Services
-Merchant Services
 Timely receipt of funds
 Improved credit monitoring
 Accurate cash flow forecasting
 Simplified account reconciliation
  Lock Box Services
OCBC Bank Lockbox Service simplifies your cheque collection and cash management process. Your customers mail their cheques directly to a specially designated post office box. The cheques will be collected daily and processed on the day of collection according to your instructions. Details of payments received and bills paid are provided electronically by the Bank in usable report formats.
Benefits
Our Lockbox services will help you to:
 Reduce internal and external cost associated with cheque processing
 Reduce risk of lost or damaged payments
 Minimise mail lead time
 Reduce cheque clearing cycle
  Next Steps
 Call Us
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Lock Box Services
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Information for you

Get in touch with our friendly customer service officers at :

SME Banking and Corporate Banking
Call us at 
(65) 6538 1111 (Singapore)
or (65) 6538 1111 (overseas)
or click here to send us an email.
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