Business Growth Account - Corporate Bank Account | OCBC Singapore
OCBC Business Growth Account

Business Growth Account

The all-in-one business account for SMEs

Why you will love this

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

Up to 1% cashback with your Business Debit Card

See your business trends in your OCBC Business app

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

Simple, secure and convenient — get your account number on the spot when you apply online.


Open your account instantly*

Simply apply for a business account online and receive your account number on the spot if your company is incorporated in Singapore and owned by one or two Singaporeans and PRs only. No queues. No paperwork.

* T&Cs apply

Digital banking anytime, anywhere

Handle all your banking needs 24/7 on mobile and desktop with OCBC Velocity, our award-winning digital business banking platform, and the OCBC Business app.

Boost efficiency with free digital tools

Available on OCBC Velocity, take advantage of our digital tools to help plan for your business. These include a cash flow management tool that tracks and predicts your inflows and outflows, and an e-Invoicing tool that helps you create digital invoices.

Transfer funds easily

For local transfers, we are the only bank that provides unlimited FAST and GIRO transactions for free. For international transfers, remit funds quickly with Telegraphic Transfer (TT) or save on fees with International Automated Clearing House (IACH) for non-urgent transfers.

Collect payments better

If you are an F&B operator or retailer, try the OCBC OneCollect app for free. It works with PayNow and SGQR to help your business collect payments instantly and securely.

Earn cashback on your expenses

With your free Business Debit Card, enjoy up to 1% cashback on everyday business spend. No minimum spend.

Save time with accounting integrations

Close the books faster when you connect your account to Xero’s online accounting platform and other business apps seamlessly on OCBC Velocity.

Save on fees

Enjoy all benefits at only S$10 per month and get account fees waived for the first 2 months.

Business Growth Account promotion 2 months free

Get 2 months free

Apply for a Business Growth Account and enjoy the first 2 months for free!

Business Growth Account promotion free Multi-Currency Account

Enjoy 2 accounts for the price of 1

Open an SGD Account and get a Multi-Currency Account for free!

Online Business Incorporation

Jumpstart your business with OCBC and Osome

Get everything you need to launch your business - more quickly and cost effectively, when you open an OCBC Business Account and incorporate with Osome.

What our customers say

IT consulting firm

“I can open an account online without having to wait. It was very simple and I did not need to make a face-to-face appointment to open the account. It was very clear which is why it exceeded my expectations.“

E-commerce business

“The online process was very quick and the account opening was immediate!“

Engineering company

“A fantastic experience at the beginning of my venture.“

Interior design company

“Very intuitive and seamless experience.“

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
S$15 per month if monthly average balance falls below S$1,000
GIRO and FAST transaction
Account fee
S$10 per month. 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.