Corporate & Institutional Banking Pricing Guide

Account Charges
Time Deposits
Transaction Charges
Other Service Charges
Account and Statement Service Charges
Cash Deposit/Withdrawal and Exchange Services Charges
  • Account Charges

    Singapore Dollar Business Accounts

    Fees SGD Current Account
    Minimum Initial Deposit S$5,000
    Service Charge S$35 per month if monthly average balance falls below S$10,000
    Early Account Closure Fee S$50 for accounts closed within 6 months of opening.
    Excess Fee
    (Incidental overdraft charge for accounts without limits)
    Minimum S$30 or Prime + 4.75% per annum (whichever is higher) on the excess amount.
    OCBC Velocity
    (Business Internet Banking)
    Token
    Please refer to section “Other Service Charges” for details. Transaction fees apply.
    eAlerts@ocbc Standard charges apply. First 3 months waived. Please refer to section “Other Service Charges” for detailed charges.
    Transaction Fees Standard charges apply as per sections “Transaction Charges” & “Other Service Charges”, unless otherwise mentioned.
    Cheque Standard charges apply. Please refer to section “Transaction Charges” for detailed charges.
    GIRO
    (Payment & Collection)
    Standard charges apply. Please refer to section “Transaction Charges” for detailed charges.


    Foreign Currency Business Accounts

    Fees

    USD Chequing Account

    Call Account

    Multi-Currency Business Account

    Minimum Initial Deposit

    US1,000

    o   AUD10,000

    o   CAD25,000

    o   HKD500,000

    o   NZD10,000

    o   GBP5,000

    N.A.

    Service Charge
     

    US$10 per month if monthly average balance falls below US$1,000.

    Currency

    If monthly average
    balance falls below

    Service fee payable
    (in respective currency)

    AUD

    1,000

    15

    CAD

    1,000

    15

    GBP

    500

    10

    HKD

    8,000

    80

    NZD

    1,000

    15

    0.5% p.a. for a daily balance* in excess of JPY 3,000,000

    Currency

    Daily balance

    Service charge payable
    (in respective currency)

    JPY

    JPY 3,000,000 and below

    Waived

    Above JPY 3,000,000

    0.5% p.a. for a daily balance* in excess of JPY 3,000,000

     * Service charge will be calculated on daily basis, and is subject to periodic revision based on market conditions.

    Account Fee

    N.A

    N.A

    S$10 per month.
    Waived if your company has an OCBC SGD account

    Early Account Closure Fee

    US$20 for accounts closed within 6 months of opening.

    US$20 (or equivalent) for accounts closed within 6 months of opening.

    N.A.

    Account Set-up Fee

    N.A

    (For CHF, EUR & JPY only)
    CHF500, EUR500, JPY65,000

    N.A.

    Excess Fee
    (Incidental overdraft charge for accounts without limits)

    Minimum US$10 or USD Prime Rate + 4% p.a.

    (whichever is higher) on the excess amount.

    AUD : Minimum AUD10 or AUD Prime Rate + 4% p.a.
    CAD : Minimum CAD8 + CAD Prime Rate + 4% p.a.
    CHF : Minimum CHF8 or CHF Prime Rate + 4% p.a.
    DKK : Minimum DKK42 or DKK Prime Rate + 4% p.a.
    EUR : Minimum EUR6 or EUR Prime Rate + 4% p.a.
    GBP : Minimum GBP4 + GBP Prime Rate + 4% p.a.
    HKD : Minimum HKD40 or HKD Prime Rate + 4% p.a.
    JPY : Minimum JPY750 + JPY Prime Rate + 4% p.a.
    NZD : Minimum NZD12 or NZD Prime Rate + 4% p.a.
    NOK : Minimum NOK45 or NOK Prime Rate + 4% p.a.
    SEK : Minimum SEK53 or SEK Prime Rate + 4% p.a.

    (whichever is higher) on the excess amount.

    AUD : Minimum AUD10 or AUD Prime Rate + 4% p.a.
    CAD : Minimum CAD8 + CAD Prime Rate + 4% p.a.
    CHF : Minimum CHF8 or CHF Prime Rate + 4% p.a.
    DKK : Minimum DKK42 or DKK Prime Rate + 4% p.a.
    EUR : Minimum EUR6 or EUR Prime Rate + 4% p.a.
    GBP : Minimum GBP4 + GBP Prime Rate + 4% p.a.
    HKD : Minimum HKD40 or HKD Prime Rate + 4% p.a.
    JPY : Minimum JPY750 + JPY Prime Rate + 4% p.a.
    NZD : Minimum NZD12 or NZD Prime Rate + 4% p.a.
    NOK : Minimum NOK45 or NOK Prime Rate + 4% p.a.
    SEK : Minimum SEK53 or SEK Prime Rate + 4% p.a.
    USD : Minimum USD10 or USD Prime Rate + 4% p.a.

    (whichever is higher) on the excess amount.

    Minimum Day End Balance to Earn Interest

    N.A

    N.A

    N.A.

  • Time Deposits

    Singapore Dollar Time Deposit

    Minimum Initial Deposit Available Tenures Premature Termination
    S$5,000 1-12, 18, 24 and 36 months
    (shorter tenures available for higher amounts)
    Premature withdrawal fees applicable for withdrawal made prior to maturity.

    Foreign Currency Time Deposit

    Minimum Initial Deposit Available Tenures Premature Termination
    • AUD10,000
    • CAD25,000
    • CHF25,000
    • CNH250,000
    • EUR5,000
    • GBP5,000
    • HKD200,000
    • JPY1,000,000
    • NZD10,000
    • USD5,000
    1, 2, 3, 6, 9 and 12 months
    (shorter tenures available for higher amounts)
    Premature withdrawal fees applicable for withdrawal made prior to maturity.
  • Transaction Charges

    All charges, if converted into another currency, are performed at the Bank's published foreign exchange rates.

    Cheques

    Cheques Deposit Charges
    Standard SGD Cheque Deposit Fee S$0.75 per cheque
    Cheques Clearing Charges
    Standard SGD Cheque Clearing Fee* S$0.75 per cleared cheque
    Returned Cheques (SGD) S$50 per returned cheque due to insufficient funds
    S$40 per returned cheque due to technical reasons
    Returned Cheques (USD) US$40 per cheque (due to insufficient funds/technical reasons)
    Cheques Retrieval Charges
    Cheque Image Retrieval** New charges with effect from (“wef”) 1 January 2023:

    S$21.60 (inclusive of GST) for retrievals of cheques cleared less than 1 year ago.

    S$32.40 (inclusive of GST) for retrievals of cheques cleared between 1 to 3 years ago.

    S$54.00 (inclusive of GST) for retrievals of cheques cleared more than 3 years ago.

    New charges wef 1 January 2024:

    S$21.80 (inclusive of GST) for retrievals of cheques cleared less than 1 year ago.

    S$32.70 (inclusive of GST) for retrievals of cheques cleared between 1 to 3 years ago.

    S$54.50 (inclusive of GST) for retrievals of cheques cleared more than 3 years ago.

    Stop Payment Charges
    Stop Payment (SGD)
    • via Branch/Business Banking Commercial Service Centre
    • via Business PhoneBanking/ Business Internet Banking
    S$30 per cheque

    S$15 per cheque
    Stop Payment (USD)
    • via Branch/Business Banking Commercial Service Centre
    • via Business PhoneBanking/ Business Internet Banking
    US$30 per cheque

    US$10 per cheque
    Loss of Cheque Book Charges
    Loss of Cheque Book (SGD)
    • Report via Branch/Business Banking Commercial Service Centre
    • Report via Business PhoneBanking/Business Internet Banking
    S$60

    S$30
    Loss of Cheque Book (USD) US$30
    Marked Cheques Charges
    Direct Marked Cheque1 S$100 per cheque + Courier Charges (if applicable)
    Foreign Currency Cheques Charges Commission Agent Fees Commission-in-lieu of exchange2 Courier/Postage
    Cleared Locally:
    • USD Cheques Drawn on Local Clearing Participating Banks
    Free N.A. N.A. N.A. N.A.
    • Other Currency Cheques and USD Drawn on Non-Participating Banks
    N.A. 1/8% commission (min S$30,
    max S$100)
    if applicable N.A. if applicable
    Sent for Overseas Clearing
    • In All Currencies
    N.A. 1/8% commission (min S$30,
    max S$100)
    if applicable N.A. if applicable

    *Cheque Clearing fee refers to fee charged on a cheque that has been issued and presented to the bank for clearing.
    **For each urgent cheque image retrieval (within 7 business days), an additional charge of S$21.40 (inclusive of GST) will be levied.

    Inward Remittances

    Telegraphic Transfer Charges
    Credit to SGD Account S$10
    Credit to FCY Account S$10
    Credit to Time Deposit Free
    MEPS (MAS Electronic Payment System) Charges
    Credit to Account Free
    Demand Draft Drawn on OCBC Bank Drawn on other Banks
    Credit to SGD or FCY Account Free 1/8% commission (min S$30 + Agent fees (if applicable) + postage (if applicable)


    Outward Remittances

    Telegraphic Transfer - OCBC Velocity (Business Internet Banking), OCBC Business app, Host-to-Host, or API
    Account Holder Commission Agent Fees3 Commission-in-lieu of exchange2 Cable Charge
    Debit from SGD Accounts
    S$30 If applicable, fixed fee based on remitting currency3 Waived Waived
    Debit from Foreign Currency Account without Foreign Exchange
    Debit from Foreign Currency Account with Foreign Exchange

    Telegraphic Transfer - Branch/Manual Instruction
    Account Holder Commission Agent Fees3 Commission-in-lieu of exchange2 Cable Charge
    Debit from SGD Accounts
    Same/Third Party: 1/8% commission (min S$10, max S$100) If applicable, fixed fee based on remitting currency3 N.A. Flat fee of S$35
    Debit from Foreign Currency Account without Foreign Exchange
    Same/Third Party: 1/8% commission (min S$10, max S$120) 1/8% commission-inlieu of exchange2 (min S$25, max S$120)
    Debit from Foreign Currency Account with Foreign Exchange
    Same/Third Party: 1/8% commission (min S$10, max S$100) N.A.
    Withdrawal from Foreign Currency Time Deposits
    Same/Third Party: 1/8% commission (min S$10, max S$100) 1/8% commission-inlieu of exchange2 (min S$25, max S$120)

     

    IACH (International Automated Clearing House)
    Account Holder Charges
    Out-going Payments S$30 per transaction

    MEPS (MAS Electronic Payment System)
    Account Holder Charges
    Out-going Payments S$20

    Cashier’s Order
    Account Holder Charges
    Payable to Own Name/ Third Party S$5 per Cashier’s Order

     

    Demand Draft
    Account Holder Commission Commission-in-lieu of exchange2 Postage
    Debit from SGD Accounts 1/8% commission
    (min S$15, max S$100)
    N.A. If applicable
    Debit from Foreign Currency
    Accounts with Foreign Exchange
    1/8% commission
    (min S$10, max S$120)
    N.A. If applicable
    Debit from Foreign Currency
    Account without Foreign Exchange
    1/8% commission
    (min S$10, max S$120)
    1/8% commission-in-lieu of
    exchange (min S$25, max S$120)
    If applicable

    GIRO (Payment and Collection) and Standing Instructions

    Description Charges
    Outward GIRO S$0.20 per item
    Outward GIRO Return S$10 per item
    Inward GIRO Return Up to 50 items: S$0.50 per item
    51 to 200 items: S$0.70 per item
    201 to 500 items: S$1 per item
    Above 500 items: S$1.50 per item
    GIRO Standing Instruction S$10 per transaction

    FAST

    FAST (Fast And Secure Transfers) - Transfer in S$, available via OCBC Velocity (business internet banking) and Business Mobile Banking app
    Description Charges
    FAST
    (Payment and Collection)
    S$0.50 per transaction

    PayNow

    PayNow is a new service that – via OCBC Velocity (business internet banking) or our Business Mobile Banking app – lets you:
    • Receive money from a sender who uses just your Unique Entity Number (UEN) or QR code. Your bank account number need not be used;
    • Make a secure payment using the recipient’s UEN (for businesses) or NRIC/ mobile number (for individuals).
    Description Charges
    To receive money through PayNow Per transaction: S$0.20
    (Introductory Promotion extended: Free till 31 December 2025)
    The Bank reserves the right to impose charges of S$0.20 for certain use cases and industries.
    To make payment through PayNow Per transaction:
    • Applicable GIRO or FAST transaction fee
    • S$0.20 lookup fee* (Introductory Promotion extended: Free till 31 December 2025)
    *To check if recipient has registered for PayNow

    Internal Funds Transfer

    Description Charges
    Branch / Manual Instruction OCBC Velocity
    (Business Internet Banking)
    For funds transfer within OCBC Singapore accounts S$5 per transaction Free

    Standing Instructions (Telegraphic Transfer/MEPS)

    Description Charges
    Set-up Charge
    Note: Standard charges apply as per section "Outward Remittances"
    in this Business Banking Pricing Guide
    S$10
    Amendment/Cancellation S$10
    Rejected items due to insufficient funds S$30

    Cancellations/Stop Payments/Amendments/Investigations

    Cancellation
    Description Charge (SGD Account) Charge (Foreign Currency Account) Agent Fee Cable Charge
    Cashier’s Order S$5 per Cashier’s Order N.A. N.A. N.A.
    Demand Draft S$10 per draft US$5 per draft If applicable If applicable
    Stop Payments
    Description Charge (SGD Account) Charge (Foreign Currency Account) Agent Fee Cable Charge
    Cashier’s Order S$20 per Cashier’s Order N.A. N.A. N.A.
    Demand Draft S$20 per draft US$10 per draft If applicable If applicable
    Amendments/Cancellations/Investigations
    Description Charge (SGD Account) Charge (Foreign Currency Account) Agent Fee Cable Charge
    Telegraphic Transfer N.A. N.A. If applicable Flat fee of S$20
    IACH N.A. N.A. N.A. Flat fee of S$20
  • Other Service Charges

    ATM/OCBC Business Debit Card

    Description Card Replacement Fee/Charges
    Lost/Stolen Card ATM: S$5 per card
    OCBC Business Debit Card: S$20 per card
    Damaged Card Free
    ATM Charges (Coin Deposit Fee) S$0.012 per coin
    (total fee rounded to the nearest 1 cent)
    Sales Draft Retrieval Fee (1st copy)
    (Applicable for OCBC Business Debit Card)
    S$5
    Sales Draft Retrieval Fee (Subsequent copy)
    (Applicable for OCBC Business Debit Card)
    S$15
    Shared ATM S$0.30 charge from third withdrawal onwards per calendar month
    3% is levied on the S$ equivalent of the amount withdrawn
    (min S$5 and max S$20 per transaction)
    OCBC Malaysia & Bank NISP Indonesia ATMs S$2 per transaction
    Transactions (including refunds) in foreign currencies 2% administrative fee + costs of conversion applies
    Dynamic Currency Conversion Fee All MasterCard transactions effected in Singapore dollars in a foreign country or on a foreign website will have an additional fee of 1% levied on the converted Singapore dollar amount.

    Business Deposit Card

    Description Card Issuance/Replacement Charges
    Card Issuance S$5 per card (Promotion extended: Free for applications before 31 December 2024)
    Replacement of card due to lost/stolen/damaged card S$5 per card (Promotion extended: Free for applications before 31 December 2024)

    eAlerts@ocbc

    Service Type Service Fee
    Cash Alerts

    S$25 per month. 1st 3 months waived.

    A monthly fee of S$25 will be payable for any one of the following combinations:

    • Two different accounts with one Authorised User or
    • One account with two different Authorised Users or
    • Account 1 for Authorised User 1 and Account 2 for Authorised User 2

    A monthly fee of S$10 will be payable for each additional account or Authorised User to be alerted

    Trade Finance Alerts S$25 per month. 1st 3 months waived.
    A monthly fee of S$25 will be payable for Trade Finance eAlerts for 2 different email user addresses
    A monthly fee of S$10 will be payable for each additional Authorised User to be alerted
    Cash and Trade Finance Alerts S$35 per month. 1st 3 months waived.
    A monthly fee of S$15 will be payable for each additional account or Authorised User to be alerted.

    OCBC Velocity (Business Internet Banking)

    Service Package Type Charges
    Basic Service Package
    (Account Inquiry only)
    • Digital token: free
    • Hardware token: S$50 each
    Standard Service Package
    (Account Inquiry and any 1 Maker/Authoriser for transaction approvals)
    • Digital token: free
    • Hardware token: S$50 each
    • Transaction fees apply
    Classic Service Package
    (Account Inquiry and up to 2 Authorisers for transaction approvals)
    • Digital token: free
    • Hardware token: S$50 each
    • Transaction fees apply
    Premium Service Package
    (Account Inquiry and Complex Authorisation Controls for transaction approvals)
    • Digital token: free
    • Hardware token: S$50 each
    • Transaction fees apply

    OCBC OneCollect

    OCBC OneCollect is an app that helps merchants to collect payments through QR code, receive real time transaction notifications and live transaction listings, along with end-of-day reports for easy reconciliation.
    Description Charges
    OCBC OneCollect 1) PayNow - 0.25% of the total funds collected, deducted on a monthly basis.

    2) UnionPay – 1.50% of the total funds collected per day, deducted on a daily basis.

  • Account and Statement Service Charges
    Description/Services Charges
    Document/Statement Retrieval Charges4
    (for each monthly statement)

    Non-Borrowing Customer
    Free for the current and previous month (statement only)
    S$20 for retrieval of less than 1 year ago
    S$30 for retrieval between 1 to 3 years ago
    S$50 for retrieval of more than 3 years ago
    S$150 per month + S$150 restoration charges for statements beyond 6 years - subject to availability


    Borrowing Customer

    New charges wef 1 January 2023:

    Free for the current and previous month (statement only)

    S$21.60 (inclusive of GST) for retrievals of less than 1 year ago

    S$32.40 (inclusive of GST) for retrievals between 1 to 3 years ago

    S$54.00 (inclusive of GST) for retrievals of more than 3 years ago


    New charges wef 1 January 2024:

    Free for the current and previous month (statement only)

    S$21.80 (inclusive of GST) for retrievals of less than 1 year ago.

    S$32.70 (inclusive of GST) for retrievals between 1 to 3 years ago.

    S$54.50 (inclusive of GST) for retrievals of more than 3 years ago.

    Audit Confirmation S$55 per financial year confirmation
    Letter of Reference/Foreign Endorsement
    (non-loan-related)
    S$30 per letter


    Letter of Reference/Foreign Endorsement
    (loan-related)
    New charges wef 1 January 2023:
    S$32.40 per letter (inclusive of GST)

    New charges wef 1 January 2024:
    S$32.70 per letter (inclusive of GST)
    Retrieval of MT103 S$5 (not subject to GST)
    Tracers/Investigations Cable Charge
  • Cash Deposit/Withdrawal and Exchange Services Charges

    Cash Deposit/Withdrawal and Exchange Services at Teller Counter

    Description Charges
    Coin Deposit S$2.00 for every 100 coins deposited or part thereof
    Coin Withdrawal S$2.00 for every S$50 coins withdrawn or part thereof
    Coin Exchange S$2.00 for every S$50 changed or part thereof

    Note: Our coin deposit and exchange services are available every Tuesday and Thursday during the following hours:

    • 3.00pm to 5.00pm (Sunday Banking branches*, City Square, Holland Village, Paya Lebar Square and White Sands branches)
    • 9.30am to 11.30am (All other branches)
    *Please refer to www.ocbc.com to view the list of Sunday Banking branches.

    Description Charges
    Cash Deposit

    First S$20,000 per day - free; every subsequent S$10,000 (or less) - S$10.

    For faster processing of notes deposited, please follow the guidelines below. Otherwise, an additional S$50 fee will be levied.

    1. Sort the notes by denomination and arrange them with the front side facing up, unfolded;
    2. Separate the notes into paper and polymer types, then pack them using rubber bands in 100-piece bundles of the same denomination;
    3. Bundle loose notes (ie. fewer than 100 pieces per denomination) together, sorted by denomination, and stack them upwards from the largest-sized notes (at the bottom) to the smallest (at the top).
    Over The Counter Branch Transactions
    (Applicable to new Business Banking customers from 15 October 2014 onwards)

    The 5 transactions are calculated on an aggregate basis for all your bank accounts under the same customer name.

    • First 5 transaction per month: Free
    • 6th to 20th transaction: S$5 per transaction
    • 21st transaction onwards: S$10 per transaction
    Over The Counter Branch Transactions
    (Applicable to new Business Banking customers who opened accounts between 1 November 2013 to 14 October 2014)

    The 5 transactions are calculated on an aggregate basis for all your bank accounts under the same customer name.

    • First 5 transaction per month: Free
    • 6th transaction onwards: S$3 per transaction

    Chargeable transactions include cash deposits (including bulk cash) and withdrawal/cash cheque encashment.

    Express Bulk Cash Deposit Service (Free 30 disposable security bags* upon sign up)

    Description Charges
    Cash Deposit

    First S$30,000 per day - free; every subsequent S$10,000 (or less) - S$5.

    For faster processing of notes deposited, please follow the guidelines below. Otherwise, an additional S$50 fee will be levied.

    1. Sort the notes by denomination and arrange them with the front side facing up, unfolded;
    2. Separate the notes into paper and polymer types, then pack them using rubber bands in 100-piece bundles of the same denomination;
    3. Bundle loose notes (ie. fewer than 100 pieces per denomination) together, sorted by denomination, and stack them upwards from the largest-sized notes (at the bottom) to the smallest (at the top).

    Note: Ensure coins are packed not more than a total of S$5 worth of coins per bag.

    OCBC Security Bag/Tag
    * Small size: 257mm (W) x 305mm (L)

    Disposable bag (small)
    S$0.40/bag (inclusive of GST) (min. 500 bags, in multiples of 500)

    Disposable bag (big)
    S$0.60/bag (inclusive of GST) (min. 500 bags, in multiples of 500)

    Reusable bag
    S$70/bag (inclusive of GST)

    Security Tag
    S$0.14/tag (inclusive of GST) (min. 1,000 tags, in multiples of 1,000)

    Express Bulk Cheque Deposit Service

    Description Charges

    OCBC Security Bag/Tag

    Disposable bag
    S$0.40/bag (inclusive of GST) (min. 500 bags, in multiples of 500)

    Reusable bag
    S$70/bag (inclusive of GST)

    Security Tag
    S$0.14/tag (inclusive of GST) (min. 1,000 tags, in multiples of 1,000)

    Deposit/Withdrawal in Foreign Currency Notes

    Description Cash Deposit Charges
    Deposit/Withdrawal in Foreign Currency Notes Minimum 1% commission-in-lieu of exchange2 (subject to availability of currency types and currency notes)

    Cash Deposit via ATMs

    Description Cash Deposit Charges
    Cash Deposit (Card-less) Free. Maximum 10 deposits per account per day
    Cash Deposit (with Card) Free. Maximum S$100,000 per account per day

1 For OCBC Bank Cheques, service is not available on Sundays and Public Holidays.

2 Commission-in-lieu of exchange is applicable when there is no foreign exchange involved.

3 For Telegraphic Transfer in JPY, the fixed agent fee is applicable only for amounts up to JPY100million.
For amounts more than JPY100 million, both fixed agent fee and 3rd party bank charges are applicable.

4 Includes monthly SGD/FCY statement of account, SGD/FCY time deposit interest statements and advices, deposit/withdrawal/debit/credit vouchers.
(Retrieval charges debited from FCY accounts will be based on the prevailing buying TT rate applicable.)

Information updated as of 1 January 2024. The fees and charges are subject to change from time to time.