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Give your parents love, respect and more with the OCBC SmartSenior Programme.

They have always been there for you. Now, it's your turn to be there for them, with OCBC SmartSenior - the comprehensive programme that provides solutions and offers privileges for your parents' financial, health, enrichment and other lifestyle needs.

SmartSenior Programme CARES

Convenience

  • Contributing allowance to parents through monthly fund transfers
  • Transactional convenience with SmartSenior Debit Card for payment locally, overseas and ATM withdrawals

Assurance

  • Assure your parents of your care support and give them a sense of security with monthly transfers of allowance to their account

Rewards

  • Reward your parents with over S$ 1,200 worth of privileges such as SingTel mio TV, medical and health benefits, dinning and travel benefits and grocery vouchers

Events

  • Engage your parents with events that let them network or learn a new skill
  • Encourage and strengthen family bonding as parents and children all participate together

Safeguard

  • Provide your parents with a sense of security and piece of minds with eAlerts

Interest Rates

SmartSenior Account Interest Rates Senior Time Deposit
Account Balance Interest Rates (P.A.) Amount Tenor Interest Rates (P.A.)
First S$20,000 0.175% Minimum S$5,000 12 months 0.55%
S$20,001 - S$250,000 0.325%
Above S$250,000 0.400%

Benefits

SmartSenior Account

SmartSenior Account is a joint account you open with your parents for them to receive their monthly allowance from you. It also allows them to bank conveniently via ATMs, OCBC branches, online and over the phone. It also comes with a SmartSenior debit card and they can enjoy discounts, privileges and other rewards through it.

  • Monthly Fund Transfer Service
  • For your convenience, their monthly allowances can be transferred directly from your account to your parents' SmartSenior Account.

  • eAlert Services
  • For your security, account holders can opt to be notified via SMS and/or emails whenever there are any transactions.

SmartSenior Debit Card Privileges

Your parents can enjoy discounts and other rewards as the SmartSenior Programme comes with SmartSenior debit cards for your parents.

  • SmartSenior Rewards

    FairPrice Vouchers

    Be rewarded with FairPrice vouchers when you:

    1. Spend using your SmartSenior Debit Card at any merchant outlets
    2. Make monthly auto payments of your household bills (SingTel, StarHub, M1, SPH, town councils*) with your SmartSenior Debit Card
  • SmartSenior Health
  • Medical Rebates

    1. Receive a S$5 NTUC FairPrice Voucher for every S$500 spent on medical expenses^

    Tan Tock Seng Hospital & Parkway Health

    Be rewarded with FairPrice vouchers when you:

    1. Discounted health screening
    2. Specialised treatments
    3. TCM consultations
    4. Travel vaccinations
  • SmartSenior Living
  • Welcome vouchers worth over S$500!

    1. Bio-resonance Therapy Centre
    2. M.A.D About Hair
    3. OTO BodyCare
    4. Footworks
    5. TianPo Jewellery
    6. Waterfall Lounge
    7. Plaza Brasserie
    8. Straits Café @ Rendezvous
    9. The Square @ Furama
    10. Kintamani Indonesian Restaurant
    11. Better Vision
    12. The Cathay Restaurant

    13. Enjoy OCBC retail and dining privileges at over 1,000 outlets islandwide

    Seniors' Tuesday Specials

    1. 1st 200 customers to SMS every Tuesday receives a toast and kopi voucher

    Quarterly travel deals

    1. Exclusive travel deals for SmartSeniors

Requirements

  • Joint account. Account in single name is not allowed. Applicants must be at least 18 years old.
  • Minimum initial deposit of S$500 into the SmartSenior Account.

Apply Now

  • Visit any OCBC Bank branch today with your parents. Please bring along your identity card and the minimum initial deposit to open the account. For non-Singaporeans, please bring your passport and employment pass/work permit.
  • Mail-in Application Form (see below for documents required)

    Documents for Mail-in Application

    • For Singaporean & PR: Copy of NRIC (front & back).
    • For foreigners, copy of passport and employment pass/work permit
    • If you do not have an existing OCBC deposit account, please submit any one of the following documents latest original document reflecting the same name and address indicated in the application form:
      1. Telephone bill generated by SingTel, M1 or Starhub; OR
      2. Any bank statement (savings, current, credit card or personal credit statement).

Fees

  • There is an annual Programme fee of S$60 which will be processed through the SmartSenior Debit Card. This Fee is non-refundable should there be a termination of the SmartSenior Account or SmartSenior Debit Card. Please refer to the Terms and Conditions governing OCBC SmartSenior Programme. and SmartSenior Debit Card Privileges for more information.
  • For the OCBC SmartSenior account, a fee of $2 per month applies for average monthly balance below S$500.

Deposit Insurance Scheme

Singapore dollar deposits held by or for an individual or a charity in accounts listed in OCBC Bank's Insured Deposit Register (available at www.ocbc.com/policies) will be insured in accordance with and for up to the limits specified in the Deposit Insurance Act.

Related Links

View http://www.ocbc.com/personal-banking/smartchange/ for more information on OCBC SmartChange programme

Notes

  • The SingTel mioTV promotional offer is while stocks last. Terms and conditions apply. Click here for more details
  • ^ Available at selected merchants based on merchant category code classification
  • * Hong Kah, Jurong, Tampines, Bishan - Toa Payoh, Holland - Bukit Panjang, Pasir Ris - Punggol, Tanjong Pagar
  • Promotion is valid for a limited period only. Other terms and conditions apply

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