Renminbi Business Account

For companies with business presence in Singapore
& trading actively in China



  • Manage your RMB foreign exchange risk exposure in a single account
  • Reduce currency exchange cost
  • Boost efficiency and profitability of your trade transactions with China

Eligibility

  • Onshore RMB (CNY)
    Businesses that conduct cross-border trade transactions with China
  • Offshore RMB (CNH)
    All businesses
How to apply

Account fees & charges

Onshore RMB (CNY)

No initial deposit


Velocity@ocbc (business internet banking)

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

Velocity@ocbc details

*Not applicable for onshore RMB (CNY)

 

OCBC Business Mobile Banking

  • Quick access with OCBC OneTouch™
  • Comprehensive overview on your account information in real-time

OCBC Business Mobile Banking details

eAlerts@ocbc

Receive SMS or email for

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

eAlerts@ocbc details

*Not applicable for onshore RMB (CNY)



55 branches island-wide

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.

View business & trade service centres


To open an account

Please bring along:
1
Business documents

View full details
Find nearest branch to apply
Locate



Important notice

  • Foreign currency deposit

    Foreign currency deposit

    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.

 

Need help?

(65) 6538 1111

or contact us online