Receiving Payments & Electronic Collections | OCBC Business Banking SG

Here’s where you can collect business payments

Receiving payments in Singapore dollars

Electronic collections in Singapore dollars

(within OCBC Singapore or other banks in Singapore)

You can set up a collection arrangement to receive scheduled payments from your customers. This arrangement is possible even if your customers do not have an OCBC account.

  • Standard processing (GIRO)
  • Instant processing (FAST - Fast And Secure Transfers)
Standard processing (GIRO) Instant processing (FAST - Fast And Secure Transfers)
Overview
Suitable for
Availability
Transaction limit
Fees
Standard processing (GIRO) Instant processing (FAST - Fast And Secure Transfers)

Automated electronic collection service which takes up to 2 working days

Instantaneous SGD collections from participating banks

Non-urgent collections

Urgent collections

Working days only

Anytime – 24/7, 365 days a year

No transaction limit

Maximum of S$200,000 per transaction

S$0.50 per transaction

Receiving payments in foreign currencies

Incoming funds

(payments initiated by payer)


Provide these details to your customers to receive payments in Singapore Dollars

  • Standard processing (GIRO)
  • Instant processing (FAST - Fast And Secure Transfers)
GIRO & FAST MEPS
Bank name
SWIFT BIC code
GIRO & FAST MEPS

Oversea-Chinese Banking Corporation Limited Singapore

Oversea-Chinese Banking Corporation Limited Singapore

OCBCSGSGXXX

OCBCSGSG

In addition, to receive payments (telegraphic transfers) in USD, you may provide our intermediary bank’s SWIFT code for faster processing:

JP Morgan Chase Bank, New York, USA
SWIFT BIC code: CHASUS33

Lockbox Service

  • End-to-end collection of cheque payments from your customers via designated PO box addresses
  • Cheques are processed and credited into your OCBC account daily from Monday to Friday electronically

Learn more about Lockbox Service

Bulk Cheque Service

  • Suitable for businesses that require a single credit entry for multiple cheque deposits and have high volume of cheques.
  • Optional third-party secure courier services for delivery are also available.

Learn more about Cheque Service

Cards Acceptance

  • Enable your business to collect credit card payments via Visa & Mastercard and more
  • In-store sales through credit card terminals including contactless payments and other forms of mobile payment
  • Online sales and services through internet payment

Learn more about Card Acceptance

Cash

Business Deposit Card

  • A cash deposit card to handle your business deposit needs conveniently and securely
  • Account information is protected as the Card does not permit withdrawals, transfers or balance enquiries

Learn more about Business Deposit Card


Bulk cash service

We offer deferred counting for prompt and efficient crediting. This offers businesses with large cash deposits the flexibility of engaging third-party courier services for delivery.

Apps for you

Business mobile banking app

A simpler and more convenient way to bank on-the-go.

Learn more

A simpler and more convenient way to bank on-the-go.

Learn more

PayNow for businesses

Your business can now receive payments or make transactions easily with PayNow.

Learn more

Your business can now receive payments or make transactions easily with PayNow.

Learn more