Initial deposit & minimum balance
|Currency||Initial deposit||Minimum day end balance to earn interest|
Monthly service fee
Monthly service fee will be levied if the average monthly balance for the respective foreign currencies in the foreign currency call account falls below the applicable minimum average monthly balance (except for CHF and EUR).
The following service fee will apply for CHF and EUR :
Account set-up fee (one-time)
Applicable for CHF, EUR and JPY accounts only.
JPY65,000 (for accounts opened from 1 April 2016)
Interest rates vary based on currency.
Interest rate applicable for AUD and GBP Business Call Accounts is OCBC published board rates less 0.5%pa. The minimum is 0%pa.
Be alerted via SMS or email for
Transfer money overseas or in foreign currency with demand draft at a lower cost, or choose telegraphic transfer for faster processing.
Let OCBC handle your cheque collection by receiving cheques at your designated post office box for same-day processing.
Partner with OCBC as a merchant. We process your Visa and MasterCard transactions with competitive fees and quick payment service.
Set scheduled payments from your customers’ account via interbank GIRO direct debiting.
Please bring along your initial deposit and business documents.
Terms and Conditions apply.
Account opening is subject to bank's approval
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.