Business Growth Account - Corporate Account | OCBC Business Banking SG

Business Growth Account

Open your Business Account online

Why you will love this

No initial deposit, no minimum balance required

All-you-can-use FAST and GIRO transactions for free and forever

Open your account online instantly* with Singpass

Who can apply

All businesses registered in Singapore

For all other businesses, please apply for the Business Foreign Account

Additional eligibility criteria may apply

The all-in-one business account. Great for SMEs. Open online instantly and get your account number on the spot. Simple, secure, convenient.


Open your account instantly

Open your business account instantly* online and receive your account number on the spot. No meet up or paperwork required. But if you need help, we are only a video call away to help you complete your application.

Digital banking anytime, anywhere

Get access to your banking needs 24/7 on desktop and mobile with our award-winning digital business banking platform, OCBC Velocity. Easily check your account balances, make payments and approve transactions on-the-go with the Business Mobile Banking App.

Free digital tools to run your business efficiently

Plan ahead for your business with a range of free tools on OCBC Velocity Digital Business Banking platform. Take advantage of the cashflow management tool to see your past, present and future inflows and outflows. Use the InvoiceNow e-Invoicing tool to create e-Invoices and collect payments with ease.

Make local and international transfers easily

We are the only bank with free all-you-can-use FAST and GIRO transactions for local transfers. For international transactions, use Telegraphic Transfer (TT) for immediate transfers, or save on transaction fees with International Automated Clearing House (IACH) for non-urgent transfers.

Collect payments instantly and securely

If you are an F&B operator or a retailer, try OCBC OneCollect app, a contactless digital merchant solution, for free. Collect payments instantly and manage transactions easily. Works with PayNow and SGQR. Order SGQR stickers for free.

Earn cashback on spend

With your free personalised Business Debit Card, enjoy 0.5% rebate on foreign currency spend and 0.2% rebate on local currency spend. No minimum spend, no rebate cap.

Save time with seamless accounting integrations

Close the books faster when you connect your account to Xero's online accounting platform through OCBC Velocity.

Save money

No initial deposit, no minimum balance and no fall below fee makes it easy for you to maintain the account.


Exclusive OCBC Multi-Currency Business Account promotion

Open an OCBC Multi-Currency Business Account with your Business Growth Account and enjoy both with just one account fee of S$10 per month!

Apply now

Before you apply

Eligibility requirements

Location of business incorporation and registration
All businesses registered in Singapore For other business i.e. Foreign incorporated, please apply for Business Foreign Account
Terms and conditions
*Instant account opening is only applicable for Singapore incorporated companies opening its first OCBC Business Banking Account owned by one or two Singaporeans and PRs only, and will be subjected to approval by OCBC Bank. For others, you can still apply online and we will follow up with you on your application.

Fees and charges

Initial deposit
Fall below fee
GIRO and FAST transaction
Monthly service fee
S$10 (Waived for the first 2 months)

Pricing guide and notices

Full pricing guide and service fees

Exclusive OCBC Multi-Currency Business Account promotion

Exclusive OCBC Multi-Currency Business Account promotion
Fee of S$10 per month is waived if you also have an OCBC Business Growth Account opened.
S$10 per month is chargeable if you no longer or do not have an OCBC Business Growth Account.

Ready to apply?

Get your Business Growth Account instantly* online

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Additional Information

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$75,000 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.