Opening a bank account in Singapore is a necessary step for anyone who wants to live, work or study in the country. OCBC Bank, one of the largest banks in Singapore, offers an online account opening service that makes the process convenient and hassle-free. With the OCBC Digital app, you can open a Singapore bank account from anywhere in the world, without having to visit a branch in person.
To be eligible for an OCBC bank account, you need to be at least 18 years old and have a valid passport or ID card. If you are a foreigner, you will also need to provide proof of residency or employment in Singapore, such as an employment pass or student visa. Once you have all the necessary documents, you can download the OCBC Digital app and follow the simple steps to open your account.
OCBC offers a range of bank accounts to suit different needs, including savings accounts, current accounts, and multi-currency accounts. Depending on the type of account you choose, you can enjoy features such as cashback, interest on deposits, and fee waivers. With the OCBC Digital app, you can also access a wide range of banking services, including fund transfers, bill payments, and investment options.
Key Takeaways
- OCBC Bank offers an online account opening service that allows you to open a Singapore bank account from anywhere in the world.
- To be eligible, you need to be at least 18 years old and have a valid passport or ID card, as well as proof of residency or employment in Singapore if you are a foreigner.
- OCBC offers a range of bank accounts with features such as cashback, interest on deposits, and fee waivers, and you can access a wide range of banking services through the OCBC Digital app.
Eligibility and Documents Required
If you are interested in opening an OCBC bank account online in Singapore, there are certain eligibility requirements and necessary documents you need to fulfill. This section will cover everything you need to know to get started.
Criteria for Singapore Residents
If you are a Singapore resident, you must be at least 18 years old and have a valid SingPass account linked to MyInfo. Additionally, you must have a valid NRIC and proof of address, such as a utility bill or a bank statement.
Requirements for Foreigners
Foreigners who wish to open an OCBC bank account online in Singapore must be at least 18 years old and hold a valid e-passport from Hong Kong, Malaysia, Indonesia, or Mainland China. Additionally, you must have a valid pass, such as an Employment Pass (EP), a Student Pass, or an S-Pass.
Necessary Documentation
When opening an OCBC bank account online in Singapore, you will need to provide certain documents. The necessary documentation will vary depending on whether you are a Singapore resident or a foreigner.
For Singapore residents, you will need to provide your NRIC and proof of address, such as a utility bill or a bank statement.
For foreigners, you will need to provide your passport and a valid pass, such as an Employment Pass (EP), a Student Pass, or an S-Pass. Additionally, you will need to provide an image of your signature.
It’s important to note that the above information is subject to change and may vary depending on the specific circumstances of your application. It’s always a good idea to check with OCBC or consult their website for the most up-to-date information.
Opening an OCBC bank account online in Singapore is a quick and convenient process, and with the right documentation, you can get started in no time.
Account Types and Features
Opening an OCBC bank account online in Singapore is a hassle-free experience that can be completed in minutes. But before you begin, it’s important to understand the different types of accounts and features that OCBC offers.
Digital and Global Accounts
OCBC offers a range of digital and global accounts to suit your banking needs. The Digital Account is perfect for those who prefer to bank online, while the Global Account is ideal for frequent travellers or those who conduct business overseas. Both accounts allow you to access your funds anytime, anywhere, and come with a range of features such as free ATM withdrawals and online banking.
Multi-Currency and Savings Options
If you’re looking for a multi-currency account, OCBC has you covered with their Wise Multi-Currency Account. This account allows you to hold and transact in up to 13 currencies, making it perfect for those who frequently travel or conduct business overseas. OCBC also offers a range of savings options, such as the Statement Savings Account and Bonus+ Savings Account, which offer competitive interest rates and easy access to your funds.
Wealth Management and Investment Services
For those looking to grow their wealth, OCBC offers a range of wealth management and investment services. Their Business Growth Account is an all-in-one business account for SMEs, which comes with free FAST and GIRO transactions and allows you to see your business trends in the OCBC Business app. OCBC also offers trading and investment services, such as the OCBC Securities trading platform and the OCBC RoboInvest investment service.
Overall, OCBC offers a range of account types and features to suit your banking needs. Whether you’re looking for a multi-currency account, savings options, or wealth management and investment services, OCBC has you covered. So why wait? Open your OCBC bank account online in Singapore today and start banking with ease!
Application Process Online
If you’re looking to open an OCBC account online in Singapore, you’ll be pleased to know that the process is simple and straightforward. The onboarding process is designed to be user-friendly, and you can complete it from the comfort of your own home.
Using OCBC Digital App
One way to open an OCBC account online is to use the OCBC Digital app. This app is available for download on both the App Store and Google Play. Once you have downloaded the app, you can sign up as a foreigner with an e-passport. You will need to have your e-passport and ID card on hand to complete the process.
The app allows you to open a range of OCBC accounts, including savings accounts, current accounts, and fixed deposit accounts. You can also apply for credit cards and personal loans through the app. The app is intuitive and easy to use, and you can complete the entire process in just a few minutes.
Integration with MyInfo
Another way to open an OCBC account online is to use MyInfo. MyInfo is a government service that allows you to pre-fill your personal information when applying for services online. This makes the application process faster and more convenient.
To use MyInfo, you will need to have a SingPass account. Once you have logged in to your SingPass account, you can select OCBC as the service provider and authorize the sharing of your personal information. With MyInfo integration, you won’t need to provide any additional documentation, as your information will be pre-filled.
In conclusion, opening an OCBC account online in Singapore is a quick and easy process. Whether you choose to use the OCBC Digital app or MyInfo integration, you can complete the process in just a few minutes. So why not get started today and join the millions of satisfied OCBC customers?
Banking Services and Fees
If you are looking to open a bank account in Singapore, you may want to consider OCBC Bank. With OCBC, you can open a bank account online in just a few minutes. Here is a breakdown of the banking services and fees you can expect from OCBC.
Daily Banking and Payments
With an OCBC bank account, you can make payments and manage your finances easily. You can access your account online or via the OCBC Digital app, which allows you to transfer money, pay bills, and check your account balance. You can also issue cheques and manage your day-to-day transactions all in one place with an OCBC Current Account.
Fees and Charges
When it comes to fees and charges, there are a few things to keep in mind. For example, there is a minimum initial deposit of $500 for most accounts, although this fee is waived for online account opening. There is also a service fee of $2 per month if your average daily balance falls below $500.
If you are interested in foreign currency deposits, OCBC Bank offers a wide range of options. You can choose from a variety of currencies, including USD, EUR, GBP, AUD, and more. Keep in mind that there may be fees associated with foreign currency transactions, so be sure to check the current rates and fees before making any transactions.
Overall, OCBC Bank offers a range of banking services and fees that are competitive with other banks in Singapore. Whether you are looking for a simple savings account or a more complex banking solution, OCBC has something to offer.
Additional Services for Expats and Foreigners
If you are an expat or a foreigner relocating to Singapore, OCBC Bank offers additional services to make your banking experience smooth and hassle-free.
Relocating to Singapore
OCBC Bank understands that relocating to a new country can be overwhelming. That’s why they offer a range of services to help you settle down in Singapore.
For example, their Premier Banking service provides you with a dedicated Relationship Manager who can assist you with your banking needs, as well as offer advice on living in Singapore. They can also help you with your property search and connect you with reputable real estate agents.
International Services and Remittances
OCBC Bank offers a wide range of international services and remittances to make it easy for you to transfer money across borders. With their Global Transfer service, you can transfer money to over 20 countries in different currencies, including USD, EUR, GBP, AUD, and more.
In addition, their multi-currency accounts allow you to hold and manage different currencies in a single account, making it easy for you to manage your finances when travelling or doing business overseas.
If you are a student studying in Singapore, OCBC Bank also offers a range of services tailored to your needs. For example, their FRANK Account is designed specifically for students and offers features such as cashback on online purchases, no minimum balance requirement, and a debit card with exclusive designs.
Overall, OCBC Bank’s additional services for expats and foreigners make banking in Singapore a breeze. With their wide range of services and excellent customer support, you can focus on settling down and enjoying your new life in Singapore.
Frequently Asked Questions
How can I open an OCBC account online from abroad?
If you are a foreigner who wants to open an OCBC account online from abroad, you can download the OCBC Digital app and follow the instructions to open an account remotely. You will need your e-passport and ID card for identity verification.
What documents are required for a foreigner to open an OCBC account in Singapore?
To open an OCBC account in Singapore, foreigners must provide a valid passport, a work permit, or an employment pass. You may also need to provide proof of address, such as a utility bill or a rental agreement.
What are the eligibility criteria for opening an OCBC savings account?
To open an OCBC savings account, you must be at least 16 years old and have a valid Singapore identification card or passport. You must also meet the minimum deposit requirement for the type of account you want to open.
Can I set up a joint OCBC account with someone else over the internet?
Yes, you can set up a joint OCBC account with someone else over the internet. Both parties must have a valid identification card or passport, and they must both be present during the account opening process.
Are there any special online account opening services for OCBC FRANK Account?
Yes, there are special online account opening services for OCBC FRANK Account. You can download the OCBC Digital app and follow the instructions to open an account remotely. You will need your e-passport and ID card for identity verification.
What’s the simplest way to open a bank account online in Singapore without visiting a branch?
The simplest way to open a bank account online in Singapore without visiting a branch is to download the OCBC Digital app and follow the instructions to open an account remotely. You will need your e-passport and ID card for identity verification.