Limited Purpose Bank Account | Help and Support | OCBC Singapore

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Accounts - Limited Purpose Bank Account

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Frequently asked questions

  • What is a Limited Purpose Bank Account?

    A Limited Purpose Bank Account is a Passbook savings account that can only be used by an individual for personal basic banking needs, and to receive funds from the following approved sources:

    • Salary from employers
    • Government disbursements
    • Insurance payouts
    • Other approved payouts approved by the Bank

    View the Terms and conditions governing Limited Purpose Bank Accounts.

    Invited customers will receive a letter with instructions on how to apply. Password to download the forms will be provided separately.

    View the forms:

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