Foreign Currency Time Deposit
Earn higher interest
on your foreign currencies
- Overdraft of up to 85% of the deposit value in SGD
- Automatic renewal of deposits on maturity
- Your choice of deposit period
- For non-residents, no withholding tax on interest earned
Eligibility
- All businesses incorporated in Singapore
Fees & charges
Deposit / withdrawal in foreign currency notes (subject to availability)
Minimum 1% commission-in-lieu of exchange* (subject to currency type)
Premature termination penalty applicable for withdrawal made prior to maturity
*Commission-in-lieu of exchange is applicable when there is no foreign exchange involved.
Deposit Currency & Amount
| Currency | Amount |
| United States Dollar | 5,000 |
| Australian Dollar | 10,000 |
| European Union Euro | 5,000 |
| Hong Kong Dollar | 200,000 |
| Japanese Yen | 1,000,000 |
| New Zealand Dollar | 10,000 |
| Great Britain Pound | 5,000 |
| Swiss Franc | 25,000 |
| Canadian Dollar | 25,000 |
Manage & monitor your transactions easily
Velocity@ocbc (business internet banking)
Access your account information and check when your investment reaches maturity.
Wide network of branches
55 branches island-wide
Full Sunday banking service
Business & trade service centres
Our dedicated staff at 6 business centres and 4 trade service centres will help you with all your business and trade service needs.
Place a time deposit at any of our branches
Please bring along:
Documents vary depending on the type of business entity.
For sole proprietorship / partnership:
- NRIC or passport for identification
- Current Certificate of Registration / Business Registration Certificate
- Latest update of RAO search
For corporates:
- Certified true copy of Memorandum & Articles of Association (M&A)
- Certified true copy of Certificate of Incorporation
- Form 49 (Particulars of Directors, Managers and Company Secretary)
- Certified true copy of Resolution for Company
- Certified true copy of Resolution for Association/Club/Society
- Latest update of ROC search
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