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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:
Spend using your SmartSenior Debit Card at any merchant outlets
Make monthly auto payments of your household bills (SingTel, StarHub, M1, SPH, town councils*) with your SmartSenior Debit Card
SmartSenior Health
Medical Rebates
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:
Discounted health screening
Specialised treatments
TCM consultations
Travel vaccinations
SmartSenior Living
Welcome vouchers worth over S$500!
Bio-resonance Therapy Centre
M.A.D About Hair
OTO BodyCare
Footworks
TianPo Jewellery
Waterfall Lounge
Plaza Brasserie
Straits Café @ Rendezvous
The Square @ Furama
Kintamani Indonesian Restaurant
Better Vision
The Cathay Restaurant
Enjoy OCBC retail and dining privileges at over 1,000 outlets islandwide
Seniors' Tuesday Specials
1st 200 customers to SMS every Tuesday receives a toast and kopi voucher
Quarterly travel deals
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.
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:
Telephone bill generated by SingTel, M1 or Starhub; OR
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.
