Loans

EasiCredit

Modes of payment and cut-off times

  1. Cheque payment
    Cut-off time of 3.30pm from Monday to Friday for next working day clearing.

  2. AXS machines
    Payment via AXS terminals after 5pm or on a Sunday or public holiday will be credited on the next working day.

  3. Cash deposit machines
    Cut-off time of 9pm from Monday to Saturday. Deposits on a Sunday or public holiday will be considered Monday’s deposit.

  4. Payment at branches

  5. Funds transfer
    Online fund transfers to other banks generally take 2 - 3 business days to clear whereas it is immediate if the transfers are between OCBC accounts.

 

Handling of excess credit balance

Please arrange a refund with us if any of your Credit Card/EasiCredit accounts exceeds $50,000.

Please check if the credit balance in any of your Credit Card/EasiCredit accounts exceeds $50,000*.

If so, please contact us to arrange for a refund of your excess credit balance, which can be performed either via funds transfer to a current/savings account, or via a Cashier’s Order.

Alternatively, you may use your entire excess credit balance balance.

This is so that the credit balance in your each of your accounts do not exceed $50,000* for more than 30 consecutive days.

Why refund the excess credit balance if any of my Credit Card/EasiCredit account(s) exceed(s) $50,000*?

We have recently revised our relevant Credit Cardmembers Agreements and the Terms and Conditions Governing Personal Line of Credit (collectively, the Relevant Terms) on 1 January 2017.

Therefore, we have the discretion to refund any amount of credit balance in your credit card/EasiCredit account(s)via such mode as set out in the Relevant Terms.

We thank you for your understanding, and apologise for any inconvenience caused.  

* This amount may change in future

Nothing stated above shall prejudice OCBC’s rights under the relevant terms and conditions and/or agreements governing the credit card/Easicredit accounts.

Payment due date

The due date for EasiCredit payment is on the 28th day of every month. If the 28th falls on a weekend or public holiday, the due date will then be 1 business day before the 28th.

Current due dateNew due date
28th falls on a Saturday 27th of the month
(assuming it is a business day)
28th falls on a Sunday 26th of the month
(assuming it is a business day)
28th falls on a Monday and is a public holiday 25th of the month
(assuming it is a business day)