The agent bank charges will still apply. Promotion is given to account holders of the Business Smart Account for outward telegraphic transfers submitted via Velocity@ocbc and where the charge type of the telegraphic transfer is OUR or SHA only. Promotional flat bank charge is valid for 2 years from the date of account opening. OCBC reserves the right to revise the promotional flat charge from time to time during the 2 years.
^ The minimum average monthly balance fee is waived for the first 6 months. Should the average monthly balance fall below US$1,000/EUR1,000 thereafter, a fee of US$15/EUR15 will apply.
If the OCBC Business Smart Account is closed within 12 months, a fee of US$50/EUR50 will be levied.
Where applicable, the Bank will pay interest at its prevailing interest rate for the relevant account calculated on daily balances (excluding late cheque deposits). Interest will be credited at such intervals as determined solely by the Bank from time to time. No interest will be paid if the daily balance falls below the prescribed minimum as may be determined by the Bank from time to time for that account.
Foreign currency investments or deposits are subject to inherent exchange rate fluctuations that may provide opportunities and risks. Earnings on foreign currency investments or deposits would be dependent on the exchange rates prevalent at the time of their maturity if any conversion takes place. Exchange controls may be applicable from time to time to certain foreign currencies. You should therefore determine whether any foreign currency investment is suitable for you in the light of your investment objectives, financial means and risk profile. Any pre-termination costs will be deducted from your deposit.
| 
