Conveyancing Account

Conveyancing Account

An account designed for law firms to manage their clients’ conveyancing money

Why you will love this

Convenient solutions to comply with new conveyancing regime

Processed more than 50% of the transactions from entire pilot cohort of law firms

Key partner of the Ministry of Law in development of new conveyancing workflow

Conveyancing Account is a special account used by a solicitor for the purpose of holding conveyancing money.

Before you apply

Eligibility requirements

Type of business
Law firms which are registered to practice law in Singapore

Fees and charges

Minimum initial deposit
Minimum monthly average balance
No cheque book issued
Fall below fee
Account closure & penalty period fee
Conveyancing fee
Levied with each new Property Reference lodged.
Standard - S$150
Cashier orders
Normal (1 day before CO collection) - S$5
Urgent (same day as CO collection) - S$10
MAS Electronic Payment System (MEPS)
S$5 for payment to Commissioner of Stamp Duties only
OCBC Velocity Basic or Premium service package (mandatory)
Waiver of up to 10 token(s)
Additional token at S$20 each
SecuredLinks@ocbc (mandatory)
Waived up to 5 recipient email addresses
eAlerts@ocbc (optional)
First 3 months free; thereafter S$25 per month
Min OVERDRAFT (OD) Interest
Without OVERDRAFT (OD) Facilities - minimum S$30 or Prime +4.75% p.a (whichever is higher) on the excess amount
All fees and charges should be charged to nominated office (operating) account. Conveyancing fees and Cashier Order fees will be accumulated & debited once a month.

Value-added service

Law firms to apply for either:

Basic service package
Premium service package for office account viewing & transaction capability
SecuredLinks@ocbc (mandatory signup)
Secured email service for delivery of conveyancing reports
SMS/email updates for pay-ins and pay-outs

Ready to apply?

Open your conveyancing account with us

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.