Open a Singapore Bank Account Online | Banking in Singapore | OCBC

Singapore Bank Account

New account, new experiences

Why you will love this

Open a Singapore account remotely within minutes

Get a bundled account comprising a Statement Savings Account and Global Savings Account

Access to major currencies

Who can apply

Individuals above 18 years old who hold e-passports from Hong Kong, Malaysia, Indonesia or mainland China

 

Stand to win S$5,000 and earn referral cash rewards when you refer overseas friendsFind out more

Read in

Need a Singapore bank account for your work, study or housing needs? Open your account remotely with us today.

GET STARTED ON YOUR BANKING JOURNEY

Whether you’re visiting Singapore for short-term work opportunities or planning on establishing more long-term roots, it’s essential to be equipped with the right resources. With a bank account, you can effectively manage your finances to achieve your needs and goals.

Make your time in Singapore hassle-free. Open an OCBC account with ease from wherever you are – there is no need to visit a branch!

Open your bank account remotely in minutes before you arrive in singapore

Need a Singapore bank account for your Singapore needs? Via the OCBC app, OCBC is the first Singapore bank to enable a fully digital account opening service with access of up to 10 major currencies for consumers in its key markets who are relocating to Singapore. Let us settle your banking needs, so you can focus on settling in.

Promotion: Get up to S$15 as a welcome reward and up to S$210 when you refer overseas friends to OCBC. Help them prep before their arrival to Singapore.

T&Cs apply. SGD deposits are insured up to S$100k by SDIC.

PRESS RELEASE
OCBC is the first Singapore bank to enable fully digital account opening for foreigners

22 Jun 2023

Consumers from OCBC’s key markets who are relocating to Singapore can open an account remotely via the OCBC app.

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ABOUT US
 

We are the longest established Singapore bank, formed in 1932 from the merger of three local banks. We are now the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 by Moody’s and an AA-by both Fitch and S&P.

We are consistently ranked among the World’s Top 50 Safest Banks by Global Finance and have been named Best Managed Bank in Singapore by The Asian Banker. Our key markets are Singapore, Malaysia, Indonesia and Greater China.

Find out more

Account Opening Promotion
S$15 Welcome Reward

Get S$15 in cash when you deposit* at least S$1,000 in fresh funds into either of your new accounts (Statement Savings Account or USD Global Savings Account) within 30 days of successful account opening.

Terms and conditions apply.

*Fresh funds deposited must be from another account in your name.

Promotion
Be one of 2 winners to win S$5,000 each in our referral lucky draw

 Get 1 lucky draw chance when you make your first successful referral  

 Get 3 additional chances for every 5 successful referrals  

You will automatically be enrolled into the lucky draw upon making a successful referral during the promotion period from 15 July to 31 October 2024.

Terms and conditions apply.

REFERRAL PROMOTION
Refer overseas friends & get S$210 or more

On top of the lucky draw grand prize, we’re also rewarding you with referral cash rewards!

Refer your overseas friends who are relocating to Singapore to OCBC using your unique referral code on OCBC app. You and your friend both receive S$15 for every successful referral*.

From now till 31 Dec 2024, earn additional bonus of S$10, S$20 and S$30 for your 1st, 5th and 10th referral. See how you can earn up to S$210 and 7 lucky draw chances when you refer at least 10 overseas friends!

Terms and conditions apply.

*Account applicant has make a minimum deposit of S$1,000 in fresh funds into their new account within 30 days from account opening date, and maintain it in their account for at least 30 days. Fresh funds deposited must be from another bank account under the applicant’s name.

Exclusive interview with our lucky draw winner

Congratulations to Mr. Du for winning the grand prize in our Dragon Year Referral Lucky Draw, which includes a S$8,888 cash reward and an omakase dinner for two at Sushi Moka worth S$536.

From a satisfied customer to an advocator, find out more about why he chose OCBC Bank, his experience with OCBC’s digital account opening service, and his reaction to winning the lucky draw in our exclusive interview.

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what you will get

Global Savings Account (USD)

  • Exchange for major currencies – AUD, CAD,CNH, EUR, GBP, HKD, JPY, NZD and USD
  • Lock in desired FX rates with Rate Alerts and Auto-execute orders

Find out more

Statement Savings Account (SGD)

Save and make transactions, and keep track of your spending with monthly electronic statements

Find out more

BANKING FEATURES THAT COME WITH YOUR ACCOUNT
Seamless cross-border payments

Seamless cross-border payments

Scan and pay with your app at over 40 destinations worldwide, including China, Hong Kong, Malaysia, Indonesia, Thailand and Japan.

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Cardless cash withdrawals

Cardless cash withdrawals

Make cardless cash withdrawals using the OCBC app at any OCBC ATM.

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More ways to access your money

More ways to access your money

Bank at our 33 branches and over 1,000 OCBC and UOB ATMs islandwide.

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Bank safely and securely

Bank safely and securely

Prevent unauthorised transfers with Money Lock, our latest anti-scam security feature designed to help you better protect your funds.

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before you apply

Eligibility requirements

Minimum age

18 years old

Passport type

Hong Kong, Malaysia, Indonesia or mainland China

Documents required

e-passport and ID card
(An e-passport has a small gold camera symbol on its front cover to signify that it contains biometric data.)


Deposit requirement

Minimum balance for Statement Savings Account (Non-Resident)

S$1,000


Fee

Fall below fee

S$10 – Waived for first 12 months




Deposit 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$100,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$100,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

 


Download OCBC app

Open a Singapore account remotely

Available on the Apple App Store, Google Play Store and HuaWei AppGallery.

Download now

Available on the Apple App Store, Google Play Store and HuaWei AppGallery.

Download now

Available on the Apple App Store, Google Play Store and HuaWei AppGallery.

Download now

Available on the Apple App Store, Google Play Store and HuaWei AppGallery.

Download now

FAQs
Common Questions
See all questions
As a foreigner, am I eligible to apply for an account via this channel?

If you hold a biometric chip passport from Hong Kong, Malaysia, Indonesia, or Mainland China and in Singapore or plan to come to Singapore soon for work, study, medical or to buy a property, you will be able to begin the account application and onboarding process via the OCBC app.

 

What are the benefits of using OCBC app to open accounts?

Convenience
There is no need to visit any OCBC branch. The entire application can be done via your phone.

Ease of Application
For applications via this channel, your ID/passport details will be populated into the application form after scanning them. You are only required to verify your personal information and complete the account application by filling a few additional details after that.

Instant
Upon successful completion and approval of your account application, you will receive your account numbers immediately. If we need to perform additional checks for your application, you will receive your account numbers within 3 working days (upon approval of your application).

Which languages are available for onboarding via this channel?

You can choose to be onboarded via English or Chinese by choosing your preferred language at the start of the journey. In the event of inconsistency between the English and Chinese versions, the English version will be used.

When and where will the Dragon Year Referral Lucky Draw be held?

The draw will be conducted at 5pm on 21 May 2024 at OCBC Centre, 63 Chulia Street #22-00, Singapore 049514 (or such other date, time or location as OCBC Bank may determine at its own discretion without prior notice). The result will be determined randomly through electronic means.

How and when do I claim my prize for the Dragon Year Referral Lucky Draw?

You will receive an email (sent to the email you registered previously with OCBC Bank). The email will state what prize you are entitled to. The cash reward of S$8,888 will be credited to your OCBC Current Account Savings Account by 31 July 2024.

The redemption details for the e-voucher for the Omakase Dinner experience for two people* at Sushi Moka (worth S$536 and inclusive of all taxes and service charges) will be emailed to the winner. The merchant’s terms and conditions apply.

OCBC Bank reserves the right to replace the prize with another item of similar value without giving any reason or prior notice or assuming any liability to any person.

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