• Revision to interest rates for the following products from 2 May 2020 and updates to requirement for bonus interest and Terms and Conditions Governing the OCBC 360 Account from 2 May 2020

    We wish to notify you that with effect from 2 May 2020, we will be revising the interest rates that we pay for our 360, Bonus+ Savings, Mighty Savers®, Monthly Savings, FRANK, Bonus Savers, Child Development, Global Savings, Premier Dividend+ Savings, Premier Easisave, Premier Statement Savings, Private Easisave, Private Statement Savings, Premier Global Savings and Private Global Savings Accounts. Please refer to the below tables for the revised interest rates.

    Updates to 360 Account

    1. Here are the changes for 360 Account’s bonus interest rates and requirements:

     

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    Salary Bonus

    Up to 2.0%

    Up to 2.4%

    To qualify, credit your salary of at least S$1,800 (previously S$2,000) through GIRO.

    Spend Bonus

    Up to 0.6%

    Up to 0.4%

    Step-up Bonus

    Up to 0.6%

    Up to 0.4%

    Grow Bonus

    1.0%

    0.8%

    Boost Bonus

    1.0%

    No longer offered

    Wealth Bonus

    Up to 1.2%

    Up to 1.2%

     

    The following illustration shows how the 360 Account will work from 2 May 2020:

     
    Earn bonus interest (a year) on the first S$70,000 of your account balance:
     

    SALARY

    Credit your salary of at least S$1,800 through GIRO.

     

     SPEND

    Spend at least S$500 on OCBC Credit Cards.

      

    STEP-UP

    Increase your account balance by S$500 compared to the previous month.

    WEALTH

    Insure or invest with OCBC Bank and earn this bonus interest for 12 months.

    First S$35,000

    1.2%
    _______________
    0.2%
    _______________
    0.2%
    _______________
    0.6%
    _______________
    Next S$35,000
    2.4%

    0.4% 0.4% 1.2%
     
      GROW

    Earn this extra bonus on the first S$70,000 if your account balance is S$200,000 and above.

    0.8%

     
    You will earn a base interest of 0.05% a year on your entire account balance


    2. Please note clause 2.2 in the Terms and Conditions Governing the OCBC 360 Account will be revised and clause 3.6 will be removed.


    Updates to the remaining accounts

    Bonus+ Savings Account

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    Monthly Save and No Withdrawal Bonus interest rate

    0.7%
    (14x base interest)

    0.5%
    (10x base interest)

    Monthly No Withdrawal Bonus interest rate

    0.7%
    (14x base interest)

    0.45%
    (9x base interest)

    Base interest rate

    0.05%

    0.05%



    Mighty Savers® Account

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    CDA Advantage Bonus interest rate

    0.35%

    0.15%

    Monthly Save and No Withdrawal Bonus interest rate

    0.2%

    0.1%

    Base interest rate

    0.05%

    0.05%



    Monthly Savings Account

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    CDA Advantage Bonus interest rate

    0.35%

    0.15%

    Monthly Save and No Withdrawal Bonus interest rate

    0.2%

    0.1%

    Base interest rate

    0.05%

    0.05%



    FRANK Account

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    First $10,000

    Next $15,000

    Next $25,000

    Next $50,000

    Next $400,000

    Above $500,000

    0.2%

    0.3%

    0.3%

    0.3%

    0.4%

    0.0%

    0.2%

    0.2%

    0.3%

    0.05%

    0.05%

    0.05%



    Bonus Savers Account

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    Monthly No Withdrawal Bonus interest rate


    0.48%
    (2.4x base interest)

    0.25%
    (5x base interest)

    Base interest rate

    0.2%

    0.05%



    Child Development Account

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    First $20,000

    Next $16,000

    Above $36,000

    2.0%

    2.0%

    0.05%

    1.0%

    2.0%

    2.0%



    Premier Dividend+ Savings Account

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    Monthly Save and No Withdrawal Bonus interest rate


    0.8%
    (16x base interest)

    0.55%
    (11x base interest)

    Monthly No Withdrawal Bonus interest rate


    0.8%
    (16x base interest)

    0.5%
    (10x base interest)

    Base interest rate

    0.05%

    0.05%



    Premier Easisave and Premier Statement Savings, Private Easisave (personal) and Private Statement Savings (personal) Accounts

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    First $100,000

    Next $250,000

    Next $650,000

    Above $1,000,000

    0.1%

    0.2%

    0.2%

    0.25%

    0.05%

    0.075%

    0.125%

    0.15%



    Private Easisave (corporate) and Private Statement Savings (corporate) Accounts

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    First $100,000

    Next $150,000

    Next $100,000

    Next $650,000

    Next $1,000,000

    Above $2,000,000

    0.15%

    0.15%

    0.225%

    0.225%

    0.25%

    0.3%

    0.05%

    0.075%

    0.075%

    0.125%

    0.15%

    0.15%



    Global Savings Account

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    Australian Dollar (AUD)

    First $100,000

    Next $250,000

    Next $650,000

    Above $1,000,000

     

    0.03%

    0.03%

    0.10%

    0.15%

     

    0.03%

    0.03%

    0.05%

    0.08%

    New Zealand Dollar (NZD)

    First $100,000

    Next $250,000

    Next $650,000

    Above $1,000,000

     

    0.03%

    0.03%

    0.10%

    0.15%

     

    0.03%

    0.03%

    0.05%

    0.08%

    Chinese Yuan Offshore (CNH)

    First $500,000

    Next $1,500,000

    Next $3,000,000

    Above $5,000,000

     

    0.20%

    0.20%

    0.25%

    0.50%

     

    0.10%

    0.15%

    0.20%

    0.25%

    Sterling Pound (GBP)

    All balances

     

    0.05%

     

    0.00%



    Premier Global Savings Account

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    Australian Dollar (AUD)

    First $100,000

    Next $250,000

    Next $650,000

    Above $1,000,000

     

    0.10%

    0.10%

    0.30%

    0.50%

     

    0.03%

    0.03%

    0.08%

    0.10%

    New Zealand Dollar (NZD)

    First $100,000

    Next $250,000

    Next $650,000

    Above $1,000,000

     

    0.05%

    0.05%

    0.10%

    0.30%

     

    0.03%

    0.03%

    0.08%

    0.10%

    Chinese Yuan Offshore (CNH)

    First $500,000

    Next $1,500,000

    Next $3,000,000

    Above $5,000,000

     

    0.20%

    0.20%

    0.40%

    0.50%

     

    0.10%

    0.15%

    0.25%

    0.30%

    Sterling Pound (GBP)

    All balances

     

    0.05%

     

    0.00%

    Canadian Dollar (CAD)

    All balances

     

    0.05%

     

    0.00%




    Private Global Savings Account

    Prevailing rates (a year)

    Rates from 2 May 2020 (a year)

    Australian Dollar (AUD)

    First $100,000

    Next $250,000

    Next $650,000

    Above $1,000,000

     

    0.10%

    0.10%

    0.40%

    0.60%

     

    0.03%

    0.03%

    0.08%

    0.10%

    New Zealand Dollar (NZD)

    First $100,000

    Next $250,000

    Next $650,000

    Above $1,000,000

     

    0.05%

    0.05%

    0.30%

    0.60%

     

    0.03%

    0.03%

    0.08%

    0.10%

    Canadian Dollar (CAD)

    All balances

     

    0.10%

     

    0.00%

    Sterling Pound (GBP)

    All balances

     

    0.05%

     

    0.00%

    Hong Kong Dollar (HKD)

    All balances

     

    0.05%

     

    0.00%

31 March 2020

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  • Temporary disabling of the Easy Q service with immediate effect

    In line with the Government’s move to encourage safe distancing, we have implemented precautionary measures in our branches, including temperature screening, health declaration and limiting the number of customers in the branch.

    With the new measures in place, customers using the Easy Q service will not be able to directly access the branch anymore. Hence, we are temporarily disabling the Easy Q service with immediate effect. As we practise safe distancing during this period, we have a variety of digital solutions which allow you to bank on the go or from the comforts of your own home. You can pay bills, transfer funds and check account balance on the OCBC Mobile Banking app. To find out more, click here.

    Thank you for your understanding and apologies for the inconvenience caused.

26 March 2020

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  • NETS transaction advices will be discontinued
    From 4 May 2020, we will stop sending NETS transaction advices to customers who have linked their OCBC accounts with NETS POS terminals. They may view NETS transactions via Online Banking, account statement or passbook.

17 February 2020

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  • Toa Payoh Central Branch Business Banking Desk will be temporarily closed from 17 February 2020 until further notice

    We wish to inform you that the Toa Payoh Central Business Banking Desk will be temporarily closed from 17 February 2020 until further notice.

    You may contact our Business Banking Contact Centre at +65 6538 1111 or visit the following branches for assistance:

    • OCBC Centre Branch: 65 Chulia Street, #01-11, OCBC Centre, Singapore 049513
    • Ubi Business Banking Centre: Block 302 Ubi Avenue 1, #01-59/63, Singapore 400302

7 February 2020

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  • We have put in place precautionary measures to protect the health and well-being of our customers and colleagues while ensuring the continuity in our services and operations

    The health and well-being of our customers and colleagues are of paramount importance to us. With the evolving situation regarding 2019-nCov, we have put in place precautionary measures at our offices and branches as we continue our services and operations. These measures include:

    • Temperature screening will be rolled out progressively at our offices and branches.
    • Visitors to our offices will be required to declare their travel history.
    • Hand sanitizers have been placed in offices and branches. Cleaning frequency in common areas such as branch lobbies, lifts, corridors and toilets have been increased.
    • Face masks have been distributed to all frontline colleagues and non-frontline colleagues where necessary.
    • Teams will be split to different locations.
    • Colleagues who have returned from Mainland China on and from 14 January 2020 are required to stay at home for 14 calendar days. They are to seek medical attention promptly if feeling unwell.

    We encourage customers or visitors who suspect they may have been exposed to the virus or who are feeling unwell to seek medical care promptly.

    We will continue to monitor the situation closely and act accordingly in the best interests of our customers and employees.

1 February 2020

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  • New revisions to the terms and conditions governing FRANK Debit Card Rebates Programme (The "Programme")

    Effective 1 Feb 2020, there will be revisions to the terms and conditions governing OCBC FRANK Debit Card Rebates Programme (The "Programme"). Under Clause 1(b), it will be revised to expand on the list of excluded transactions, along with their Merchant Category Code and Description:

    MCC

    Excluded Organisation

    4829

    Wire Transfer Money Orders (WTMOs)

    5199

    Nondurable Goods (Not Elsewhere Classified)

    6012

    Member Financial Institution - Merchandise and Services

    6051

    Quasi Cash- Merchant (Non-Financial Institutions- Foreign Currency, Non-Fiat Currency, Cryptocurrency

    6211

    Securities - Brokers and Dealers

    6300

    Insurance Sales, Underwriting and Premiums

    5960

    Direct Marketing Insurance Services

    6513

    Real Estate Agents and Managers

    6540

    Non-Financial Institutions - Stored Value Card Purchase/Load

    7349

    Cleaning, Maintenance and Janitorial Services

    7523

    Automobile Parking Lots and Garages

    7995

    Gambling- Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, and Wagers at Race Tracks

    8211

    Schools, Elementary and Secondary

    8220

    Colleges, Universities, Professional Schools and Junior Colleges

    8241

    Schools, Correspondence

    8244

    Schools, Business and Secretarial

    8249

    Schools, Trade and Vocational

    8299

    Schools And Educational Services- Not Elsewhere Classified

    8398

    Charitable/Religious Organizations

    8661

    Charitable/Religious Organizations

    8651

    Political Organizations

    9211

    Court Costs Including Alimony and Child Support

    9222

    Fines

    9223

    Bail and Bond Payments

    9311

    Tax Payments

    9399

    Government Services- Not Elsewhere Classified

    9402

    Postal Services- Government Only

    9405

    Intra-Government Purchases- Government Only

  • New revisions to the terms and conditions governing OCBC YES! Debit Card Rebates Programme (The "Programme")

    Effective 1 Feb 2020, there will be revisions to the terms and conditions governing OCBC YES! Debit Card Rebates Programme (The "Programme"). Under Clause 1(b), it will be revised to expand on the list of excluded transactions, along with their Merchant Category Code and Description:

    MCC

    Excluded Organisation

    4829

    Wire Transfer Money Orders (WTMOs)

    5199

    Nondurable Goods (Not Elsewhere Classified)

    6012

    Member Financial Institution - Merchandise and Services

    6051

    Quasi Cash- Merchant (Non-Financial Institutions- Foreign Currency, Non-Fiat Currency, Cryptocurrency

    6211

    Securities - Brokers and Dealers

    6300

    Insurance Sales, Underwriting and Premiums

    5960

    Direct Marketing Insurance Services

    6513

    Real Estate Agents and Managers

    6540

    Non-Financial Institutions - Stored Value Card Purchase/Load

    7349

    Cleaning, Maintenance and Janitorial Services

    7523

    Automobile Parking Lots and Garages

    7995

    Gambling- Betting, including Lottery Tickets, Casino Gaming Chips, Off-Track Betting, and Wagers at Race Tracks

    8211

    Schools, Elementary and Secondary

    8220

    Colleges, Universities, Professional Schools and Junior Colleges

    8241

    Schools, Correspondence

    8244

    Schools, Business and Secretarial

    8249

    Schools, Trade and Vocational

    8299

    Schools And Educational Services- Not Elsewhere Classified

    8398

    Charitable/Religious Organizations

    8661

    Charitable/Religious Organizations

    8651

    Political Organizations

    9211

    Court Costs Including Alimony and Child Support

    9222

    Fines

    9223

    Bail and Bond Payments

    9311

    Tax Payments

    9399

    Government Services- Not Elsewhere Classified

    9402

    Postal Services- Government Only

    9405

    Intra-Government Purchases- Government Only

     

24 January 2020

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  • We will be closing early on 24 January 2020 (Friday) for Chinese New Year

    Our branches will be closing early at the respective timings below on 24 January 2020. All branches will be closed on 25, 26 & 27 January 2020 for Chinese New Year. Normal operating hours will resume on 28 January 2020 (Tuesday).

    Branches closing at 11.30am

    Ang Mo Kio

    Marina Bay Financial Centre

    Serangoon Garden

    Bedok North

    North

    Sixth Avenue

    Bukit Batok

    NTU (FRANK Store)

    SMU (FRANK Store)

    Bukit Panjang

    NUS (FRANK Store)

    Thomson

    Hougang

    OCBC Centre

    Woodlands

    Jurong West

     

     

    Branches closing at 1.30pm

    Ang Mo Kio Central

    Hougang Mall

    Paya Lebar Square

    Bedok

    Ion Orchard

    Sun Plaza

    Bishan

    Jurong East

    Suntec City

    Causeway Point

    Jurong Point

    Tampines

    Choa Chu Kang

    Kallang Wave

    Tiong Bahru Plaza

    City Square Mall

    Marine Parade

    Toa Payoh Central

    Clementi

    Nex

    United Square

    Compass One

    Northpoint

    Waterway Point

    Harbourfront

    Orchardgateway

    White Sands

    Holland Village

    Parkway Parade Premier Centre

     

    Business Banking Centre closing at 12.30pm

    Ubi Business Banking Centre

     

     

21 January 2020

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  • Updates to the terms and conditions governing OCBC RoboInvest

    From 21 Jan 2020, clause 7.2 under section 2 has been revised. Please click here to view the revised terms and conditions.

17 January 2020

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  • All our branches will be closing at 4.30pm on 17 January 2020 (Friday) for a company event

    Normal operating hours will resume on 18 January 2020 (Saturday).

16 January 2020

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  • Revision to Great Eastern Cashflo Credit Card benefits
    Effective 16 Jan 2020, there will be a revision in the Great Eastern Cashflo Credit Card benefits. For the complete list of card benefits, please visit www.ocbc.com/personal-banking/cards/great-eastern-cashflo-credit-card.page or click here for the new T&Cs.
  • New revision on 5% cash rebate for OCBC Robinsons Group Credit Card

    Effective 16 Jan 2020, the 5% cash rebate awarding for transactions spent on OCBC Robinsons Group Credit Card will be limited to Robinsons and Mark & Spencer only. Other transactions will be awarded with Robs$ instead, click here to find out more on Robs$.

9 January 2020

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  • Updates to the terms and conditions for PayNow service

    From 9 Jan 2020, clause 25 will be revised to provide more clarification on the registration of PayNow service (from a PDPA perspective). Please click here to view the revised terms and conditions.

1 January 2020

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  • Cessation of 3% rebate for all Singapore Sports Hub transactions made using OCBC Credit Cards

    Effective 1 January 2020, all Singapore Sports Hub transactions will not be eligible for 3% rebate. This includes ticket purchases to shows, concerts and sporting events, entrance fees and facilities booking fees for all Sportshub locations including OCBC Aquatic Centre, OCBC Arena, National Stadium, Singapore Indoor Stadium or Water Sports Centre.

16 December 2019

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  • Integration of the OCBC OneWealth™ app into OCBC Mobile Banking app

    The OCBC OneWealth™ app investment features are now fully integrated into the OCBC Mobile Banking app. With this move, the OCBC OneWealth™ app will be discontinued from 16 Dec 2019.

3 December 2019

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  • Revision of credit card foreign currency transaction fee

    All foreign currency transactions are subjected to currency conversion charge imposed by the respective card associations and bank administrative fee of the foreign transaction amount.

    From 3 December 2019, the bank administrative fee for foreign transactions on OCBC Credit Cards (except for NTUC Plus! Visa Credit Card and OCBC Plus! Visa Credit Card) will be revised from 2% to 2.25% of the foreign currency transaction amount.

  • Revision of Cash Advance fee

    Effective 3 December 2019, the Cash Advance fee will be revised from 6% to 8% (except that there will be no change to the fee for NTUC/OCBC Plus! Visa Credit Cards) of the amount withdrawn, subject to a minimum fee of S$15.

  • Late Fee Revision for EasiCredit and Personal Credit Line

    For Annual Income S$30,000 and above
    Effective 3 December 2019, the late fee for your EasiCredit account and Personal Credit Line account will be revised from 25% of the amount past due (minimum charge of S$85 and maximum charge of S$125) to a fixed amount of $120.

    For Annual Income S$20,000 to S$29,999
    Effective 3 December 2019, the late fee for your EasiCredit account will be revised from S$80 to S$120.

  • Annual Fee Revision for EasiCredit and Personal Credit Line

    Effective 3 December 2019, the annual fee for your EasiCredit account and Personal Credit Line account will be revised from $80 to $120.

2 December 2019

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  • Revision to interest rates for Mighty Savers®, Monthly Savings, Bonus+ Savings and Premier Dividend+ Savings Accounts from 2 December 2019

    Dear Customers

    We wish to notify you that with effect from 2 December 2019, we will be revising the interest rates that we pay on our Mighty Savers®, Monthly Savings, Bonus+ Savings and Premier Dividend+ Savings Accounts. Please refer to the below table for the revised interest rates.

    For Mighty Savers® Account

     

    Prevailing rates

    Rates from 2 December 2019

    CDA Advantage Bonus interest rate

    0.40% a year

    0.35% a year

    Monthly Save and No Withdrawal Bonus interest rate

    0.35% a year

    0.20% a year

    Base interest rate

    0.05% a year

    0.05% a year

     

    For Monthly Savings Account

     

    Prevailing rates

    Rates from 2 December 2019

    CDA Advantage Bonus interest rate

    *not applicable to accounts opened from 1 May 2018 onwards

    0.40% a year

    0.35% a year

    Monthly Save and No Withdrawal Bonus interest rate

    0.35% a year

    0.20% a year

    Base interest rate

    0.05% a year

    0.05% a year

     

    For Bonus+ Savings Account

     

    Prevailing rates

    Rates from 2 December 2019

    Monthly Save and No Withdrawal Bonus interest rate

    0.4% a year

    (8x base interest)

    0.7% a year

    (14x base interest)

    Monthly No Withdrawal Bonus interest rate

    1.0% a year

    (20x base interest)

    0.7% a year

    (14x base interest)

    Base interest rate

    0.05% a year

    0.05% a year

     

    For Premier Dividend+ Savings Account

     

    Prevailing rates

    Rates from 2 December 2019

    Monthly Save and No Withdrawal Bonus interest rate

    0.5% a year

    (10x base interest)

    0.8% a year

    (16x base interest)

    Monthly No Withdrawal Bonus interest rate

    1.1% a year

    (22x base interest)

    0.8% a year

    (16x base interest)

    Base interest rate

    0.05% a year

    0.05% a year

    Thank you for banking with us.