Making Transfers in Singapore Dollars

To another OCBC Singapore account

  • Transfer electronically via Velocity@ocbc (business internet banking)
  • Quick transfer of funds. S$5 per transaction will be imposed for every Internal Funds Transfer request not performed through business internet banking.


Ways to transfer to another OCBC account




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To another bank account in Singapore

Different ways to make payments and transfers locally depending on the urgency of your payment.



Standard processing

(GIRO)

Instant processing

(FAST - Fast And Secure Transfers)

Same-day processing

(MEPS - MAS Electronic Payment System)
For non-urgent transfers which takes up to 2 working days For urgent transfers which is almost immediate, to any of the 19 participating banks For urgent transfers which is processed within the same working day, to banks outside of the 19 participating banks for FAST or for payments above S$50,000
Available on working days only Available anytime
(24x7, 365 days)

Available on working days only.

Submission must be made
- before 4.30pm via Velocity@ocbc
- before 3pm at branches

No transaction limit Limited to a maximum of S$50,000 per transaction No transaction limit
    S$5 per transaction
S$20 per transaction
Available via Velocity@ocbc
(business internet banking) only
Available via Velocity@ocbc
(business internet banking) only
Available via Velocity@ocbc
(business internet banking) and branches

Download MEPS application form for branch submission


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Cheques & Cashier's Order

Standard payment methods which take longer to process.


Cheques
  • For standard payments
  • Additional charges apply if your cheque bounces
Cashier's Order
  • Guaranteed cheque that will not bounce
  • To be used only in situation where your creditors do not accept cheque payments
  • Amount will be deducted directly from your account when a cashier's order is issued





Need help?

(65) 6538 1111

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