To apply online, you should have on hand your business registration details i.e. Company name or UEN (Unique Entity Number) and your identification details for Singpass or CorpPass. You should also prepare images of your signature for upload. If more documents are required, we will reach out to you.
Business Growth Account
One account for your startup.
Business ready, rewards friendly.
EARN INTEREST AND MORE
Enjoy interest that scales with your balance
Earn interest rates that are applied on a tiered basis, with each rate applying only to the portion of your balance within that tier. The more you hold, the more you earn.
Calculated daily. Credited monthly. No lock-in, your money stays fully accessible. Activate the interest-earning option during application to start earning when your balance exceeds S$50,000.
*Capped at S$1 million. For more information, see the full terms and conditions.
Earn interest rates that are applied on a tiered basis, with each rate applying only to the portion of your balance within that tier. The more you hold, the more you earn.
Calculated daily. Credited monthly. No lock-in, your money stays fully accessible. Activate the interest-earning option during application to start earning when your balance exceeds S$50,000.
*Capped at S$1 million. For more information, see the full terms and conditions.
How to start earning interest
Here’s how you can begin:
- Apply for a Business Growth Account online
- Select the interest‑earning option during application
- Start accruing interest once your balance exceeds S$50,000, subject to terms and conditions
Here’s how you can begin:
- Apply for a Business Growth Account online
- Select the interest‑earning option during application
- Start accruing interest once your balance exceeds S$50,000, subject to terms and conditions
Unlock more value while your balance grows
Enjoy exclusive savings on payments, employee healthcare and protection when you activate interest for your Business Growth Account.
- Get upsized cashback of 1% on qualifying foreign currency spend using the OCBC Business Debit Card
- Reduce staff healthcare costs with subsidised GP and dental consultation rates for employees and their families
- Enjoy up to 15% savings on selected business and employee insurance plans
- Receive a S$100 sign up bonus with the OCBC Business Credit Card
- Save over 70% on OCBC card terminal fees with waived setup and a reduced annual fee
Full details will be provided upon account opening. Terms and conditions apply.
Enjoy exclusive savings on payments, employee healthcare and protection when you activate interest for your Business Growth Account.
- Get upsized cashback of 1% on qualifying foreign currency spend using the OCBC Business Debit Card
- Reduce staff healthcare costs with subsidised GP and dental consultation rates for employees and their families
- Enjoy up to 15% savings on selected business and employee insurance plans
- Receive a S$100 sign up bonus with the OCBC Business Credit Card
- Save over 70% on OCBC card terminal fees with waived setup and a reduced annual fee
Full details will be provided upon account opening. Terms and conditions apply.
Benefits
Predictable fees. No surprise charges.
Get 80 free FAST and 80 free GIRO transfers each month for local payments, with clear and predictable costs.
Save on everyday business spend
Earn up to 1% cashback on digital marketing, software, online retail and travel, and unlimited 0.2% on all other spend on your Business Debit Card. Earn an upsized cashback of 1% on qualifying foreign currency spends if you opt in to earn interest on your Business Growth Account. Terms & conditions apply.
See your cashflow clearly
Track balances, spending and cashflow in real time in the OCBC Business app, so you always know where your money goes.
Tailored solutions for your industry
From healthcare, to logistics, to F&B and more, we have the right industry solutions for your ambitions and needs. Try the OCBC OneCollect app for free.
Ready to apply?
Earn S$128 cash reward.
Open an account and maintain S$8,888 average balance for 2 months. T&Cs apply.
Two accounts. One simple setup.
Get a Multi Currency Business Account with 13 currencies free when you open a Business Growth Account. Hold, receive and pay in major currencies.
Planning to grow into Malaysia?
We support businesses on both sides of the Causeway, from accounts to cross border payments.
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Before you apply
Eligibility requirements
Country of Registration
- Businesses registered in Singapore
- For businesses registered in other countries, apply for the Business Foreign Account
Terms and conditions
*Instant account opening is only available to Singapore-registered businesses that (i) are opening their first OCBC Business Account; and (ii) are wholly owned by Singapore citizens or Permanent Residents. If your business does not meet this criteria, you may still apply online, after which the Bank will contact you to assist with the application. All applications remain subject to the Bank’s review and approval.
Fees and charges
Initial deposit
S$1,000
Fall below fee
• S$20 per month if monthly average balance falls below S$1,000
• S$50 per month if monthly average balance falls below S$50,000 (if you opt in to earn interest)
• S$50 per month if monthly average balance falls below S$50,000 (if you opt in to earn interest)
GIRO and FAST transaction
80 free FAST and 80 free GIRO per month. Refer to the Business Banking Pricing Guide
Account fee
S$10 per month. Waived for the first 2 months.
Pricing guide and notices
Complete list of fees and charges
Refer to the Business Banking Pricing Guide
Additional Information
FAQS
Common questions
What are the documents required to open my account online?
If I already have an existing OCBC business account, can I open another account (subsequent account) for my business?
Yes, you can open a subsequent account via OCBC Velocity to serve your business needs such as receiving of funds in different currency or segregating of transactions for better financials management.
In the event that you are not able to complete your application on OCBC Velocity, you may reach out to us directly via the online enquiry form. The bank will contact you within 3 working days to assist you.
Find out more.
Does the Business Growth Account pay interest?
Yes. If you have opted in to earn interest, balances above S$50,000 and up to S$150,000 earn 0.3% p.a. Balances above S$150,000 and up to S$1,000,000 earn 0.5% p.a. Interest is calculated daily and credited monthly. No lock-in — your money stays accessible.
How do I activate interest?
Tick the opt-in box during your OCBC business account opening application. Balances above S$50,000 will earn interest.
What cashback does the OCBC Business Debit Card earn?
1% on digital marketing, software, online retail and travel. If you have opted in to earn interest, you also enjoy upsized cashback on foreign currency spends of 1%. Unlimited 0.2% on everything else. No minimum spend. No annual fee. Terms and conditions apply.