Business Smart Account

An account in USD or EUR
with flat telegraphic transfer fees

  • Low initial deposit of US$500 (for USD account only)
  • Flat fee for telegraphic transfer via Velocity@ocbc (business internet banking)
  • No minimum balance required for the first 6 months (for USD account only)


  • All businesses registered in Singapore
  • For all other businesses, please apply for the Business Foreign Account
  • Additional eligibility criteria may apply.
How to apply

Account fees & charges

Initial deposit


Min. monthly avg. balance

For the first 6 months;
US$1,000 from the 7th month onwards, otherwise a fee of US$15 applies


USD cheques

Detailed fees & charges

Monthly service fee

Monthly average balance

Service fee

Below US$1,000 US$15
EUR25,000 and below        Waived
Above EUR25,000 0.5%p.a. for a monthly average balance in excess of EUR25,000       

Account set-up fee (one-time)

Applicable for EUR account only.


Flat fee for telegraphic transfer

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.

Download full fees & charges guide

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Velocity@ocbc (business internet banking)

  • Access your account information
  • Make payments and collections
  • Manage your trade activities

Velocity@ocbc details

Business Mobile Banking

  • Quick access to your account balances with just one touch of your fingerprint
  • Make payments and approve transactions on the go

Business Mobile Banking details


Be alerted via SMS or email for

  • Account balances and transactions
  • Incoming and outgoing funds
  • Funds top-up
  • Trade transaction status
  • Free for first 3 months

eAlerts@ocbc details

Foreign currency transfers

Transfer money overseas or in foreign currencies at a lower cost with demand draft, or choose telegraphic transfer for faster processing.

Cheque deposit boxes

Get greater convenience of depositing your cheques at selected petrol stations and industrial parks across the island.
See map view
See list

Daily cheque collection and same-day processing

Let OCBC handle your cheque collection by receiving cheques at your designated post office box for same-day processing.

Accept card payments

Partner with OCBC as a merchant. We process your Visa and MasterCard transactions with competitive fees and quick payment service.

Receive scheduled GIRO payments

Set scheduled payments from your customers’ account via interbank GIRO direct debiting.

How to apply?

CALL OR SMS US AT (65) 9662 3622

with your name & company name to make an appointment

Please bring along your initial deposit and business documents.

Terms and Conditions apply.
Account opening is subject to bank's approval


Important notices

  • Foreign currency deposit

    Foreign currency deposit

    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.