GIRO and FAST transactions
Free via Velocity@ocbc (business internet banking) only.
Telegraphic Transfers Free only for outward transfers via Velocity@ocbc, where charge type is stated as 'OURSELVES' (all local and overseas charges to be paid by Account Holder) or 'SHARED' (local charges to be paid by Account Holder, overseas charges to be paid by Beneficiary). Excludes any applicable agent fees. All charges if converted into another currency, are performed at the Bank's published foreign exchange rates.
OCBC Business Mobile Banking
Free Velocity@ocbc service with Business First Account – Value is only applicable for Basic, Standard and Classic service packages.
eAlerts@ocbc with Business First Account - Value is free for Cash Alerts only.
30 free cheques monthly
Initial deposit of S$3,000
Maintain an average of S$5,000 monthly, otherwise a fee of S$35 applies
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.