For businesses that need to transact in major currencies:
- Manage up to 13 major foreign currencies with one account
Innovative cash
management and
trade solutions
COMPREHENSIVE SOLUTIONS FOR CORPORATES
From managing cash flow to improving working capital, access a range of financing options and tools to help optimise your business.
SIMPLIFYING PAYABLES
Pay your suppliers and vendors in both local and foreign currencies. Make fund transfers conveniently, be it for your domestic or cross-border needs.
Fast And Secure Transfers (FAST)
- Make instant transfers of up to SGD 200,000 per transaction
- Funds are credited to your beneficiaries’ account immediately
PayNow for Business
- Pay conveniently using your beneficiaries’ mobile number, NRIC, FIN, UEN or Virtual Payment Address
GIRO
- Set up automated payments for recurring transfers in SGD
- Funds are credited to your beneficiaries’ account within 2 business days
MAS Electronic Payment System (MEPS)
- Enjoy same-day* fund transfers in SGD with no transaction limits
- Funds are credited to your beneficiaries’ account on the same day*
Network Transfer
- Pay a flat fee of S$15 which is lower than the standard telegraphic transfer fee of S$30, and certainty of the full value of your transfers when you make a payment to OCBC entities in the local currency
- Enjoy zero agent fees and same-day transfers, subject to cut-off timings
Outward Telegraphic Transfer
- Pay in over 60 currencies (e.g. USD, SGD, VND and KRW)
- Gain an end-to-end view on your payment status with SWIFT global payments innovation (gpi) to achieve better cash forecasting
- View FX rates 24/7 via FX Online, helping you mitigate fluctuations in FX rates by booking rates that work best for your business
International Automated Clearing House (IACH)
- Enjoy flat fee transfers without additional agent fees for payments to 8 markets
- Transfer payments to your beneficiary in local currency of their countries
- Be assured that your beneficiary will receive the full payment value
OCBC Virtual Purchasing Card
- Gain greater control over your business expenses by issuing virtual cards with preapproved spending parameters
- On-demand request of virtual cards via your preferred channel
- Capture enhanced custom data upfront during card creation for seamless reconciliation
No endownment plan for this option
Try a different goal or time period.
*If payment is made before cut-off time
COLLECTION AND RECONCILIATION
Collect and reconcile efficiently in both local and foreign currencies.
PayNow for Business
- Receive payments securely without disclosing your bank account details to the Payer
Fast And Secure Transfers (FAST)
- Receive collections of up to SGD 200,000 per transaction from your customers
- Funds are credited to your OCBC account immediately
GIRO
- Automated electronic collection service with no transaction limit
- Funds are credited to your OCBC account within 2 business days
eGIRO
- Set up GIRO arrangements with your customers efficiently by reducing the processing time from 3-4 weeks to just minutes as compared to paper-based GIRO applications
- Initiate GIRO instructions and collection from your customers in real-time1
Virtual Account
- Track collections easily and quickly, making the reconciliation process easier
OCBC Point-of-Sale (POS) Terminal
- Access to a wide range of collection methods including international payment schemes (VISA, MasterCard, UnionPay, JCB, Alipay+ QR and WeChat Pay QR) and PayNow QR on one terminal
OCBC APIs (Credit Notification APIs)
- Integrate OCBC API solutions into your systems or platforms to receive real-time credit notification alerts
OCBC OneCollect app
- Collect digitally from your customers via local and international QR acceptance modes from PayNow, Alipay+, WeChat Pay, UnionPay, ShopeePay and DuitNow QR - all on one app
- No physical terminals required, just use your smartphone as your point of sale
- Get notified when QR payments are received at point-of-sale
Business Deposit Card
- Deposit your cash collections conveniently and securely via our 24/7 ATM network islandwide
No endownment plan for this option
Try a different goal or time period.
1A GIRO arrangement must be in place before collection.
LIQUIDITY MANAGEMENT
Maximise returns and reduce costs for your business through Cash Sweeping, Notional Pooling or Enhanced Interest Aggregator arrangements.
Cash Sweep
- Gain better control over group liquidity for centralised treasury management
- Customise your allocation of funds and minimise overdraft charges
- Streamline and simplify the process of managing and reconciling inter-company transactions
Interest Optimisation
- Unlock preferential pricing based on your group balances
- Maintain autonomy of the participating accounts with no co-mingling of funds
- Easy to implement with simple documentation as compared to other types of liquidity management
Notional Pooling
- Reduce borrowing costs by offsetting surplus and deficit positions without any physical fund movement
- Preserve the autonomy of the participating accounts
- Efficiently manage working capital for multi-entity structures without creating inter-company loans
No endownment plan for this option
Try a different goal or time period.
TRADE AND SUPPLY CHAIN FINANCE
Leverage on our global network and comprehensive suite of trade finance products to keep your trade growing. You can:
Apply trade financing solutions to expand your business into new markets
Optimise your working capital to scale your business volumes
Unlock cash flow from your supply chain by monetising your receivables
Mitigate payment risk for your trade transactions
Explore with us how our trade finance solutions can meet your business requirements according to your industry and business needs. With our team of dedicated and experienced specialists, you can rest assured that your business is in good hands.
WIDE RANGE OF ACCOUNT SERVICES
Create accounts that are tailored to your regional business needs. Choose from a variety of business accounts with different features so you can pay, collect and operate more efficiently.
Multi-Currency Business Account
SGD Current Account
For businesses that need to transact in Singapore Dollars:
- No monthly account fees (S$35 per month if monthly average balance falls below S$10,000)
- Insured up to S$100k by SDIC
Time Deposit
For businesses seeking to unlock higher returns from their extra cash:
- SGD and 10 foreign currencies available
- Flexibility in choice of tenor
- Shorter tenors available for higher amounts
- SGD deposits are insured up to S$100k by SDIC
DISCOVER OUR AWARD-WINNING PLATFORMS
Manage regional cash balances remotely and gain real-time visibility of overall cash positions.
OCBC Velocity
Great for large corporates where bespoke personalisation is enabled.
Find out moreGreat for large corporates where bespoke personalisation is enabled.
Find out more
OCBC Business App
Access your account and authorise transactions anytime, anywhere.
Find out moreAccess your account and authorise transactions anytime, anywhere.
Find out moreOptimise your operations with the ideal connectivity for your business.
Application Programming Interface (APIs)
Transform your business by integrating real-time processing of payments, receivables and information enquiry into your business workflows.
Transform your business by integrating real-time processing of payments, receivables and information enquiry into your business workflows.
Host–to-Host (H2H)
Enjoy secure, automated digital file transfers between your company and the bank without any human intervention, ensuring efficiency even for high-volume transactions.
Enjoy secure, automated digital file transfers between your company and the bank without any human intervention, ensuring efficiency even for high-volume transactions.
Our awards and accolades
ADDITIONAL INFORMATION
Important notices
Deposits Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Insured Deposits Register
Download register of insured deposits document for more information.
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.