OCBC Bank (Singapore), the second-largest bank in Singapore, has ranked among the "World's Safest Banks" top three for consecutive years. It operates 36 branches in Singapore, 15 of which are also open on Sundays (11:00-19:00). Additionally, OCBC shares an ATM network with UOB, providing easy access to deposits, withdrawals, and transfers through over 1,000 ATMs nationwide. This article will detail OCBC's account types, eligibility criteria, required documents, funding requirements, and online account opening process to help you open an account smoothly.

I. Types of OCBC Accounts in Singapore

OCBC offers everyday accounts, savings accounts, and foreign currency accounts. Most accounts earn deposit interest, and higher interest rates can be unlocked by completing specified savings and spending tasks. Below are details of 4 popular accounts, including their features and fees:

II. Eligibility Criteria for OCBC Account Opening

• 360 Account: Aged 18 or above; Minimum initial deposit of SGD 1,000.
• FRANK Account: Aged 16 or above; No minimum deposit requirement.
• Bonus+ Savings Account: Aged 16 or above; Minimum initial deposit of SGD 5,000 (must be new funds).
• Global Savings Account: Aged 18 or above; Minimum initial deposit of 5,000 AUD/CAD/CNY/CHF/EUR/GBP/NZD/USD/HKD, or 500,000 JPY.

III. Required Documents for OCBC Account Opening

• Singapore Citizens or Permanent Residents: National Registration Identity Card (NRIC); Photo with signature.
• Foreigners: Passport; Residence permit (e.g., Employment Pass, Student Pass); Proof of residential address (e.g., phone bill, bank statement, CPF statement).

IV. Funding Requirements for OCBC Account Opening

V. OCBC Online Account Opening Process

If you hold a passport from Hong Kong, Indonesia, Malaysia, or Mainland China, and are currently in Singapore or planning to travel there, you can open an account remotely via the OCBC Digital app without visiting a branch. However, this method only allows opening a statement savings account (SGD) and a global savings account (USD), with a minimum deposit of SGD 20,000. After becoming a customer, you can open other accounts via online or mobile banking.

Note: To comply with regulatory requirements, you need to prove your plan to reside in Singapore when opening an account. The bank may reject your application if you cannot provide local address proof or relevant proof of residency plans.

Steps to open an account via mobile app:

1. Download and open the OCBC Digital app, click "Register — Foreigner with e-Passport";
2. Prepare your e-passport and ID card to complete identity verification;
3. Fill in additional personal details and submit the account opening application;
4. Once approved, you will receive an activated account number within 3 working days;
5. Fund the account via FAST transfer or overseas telegraphic transfer;
6. After successful account opening, apply for a debit card via online banking.

To apply for accounts with lower deposit requirements or no initial deposit (e.g., 360 Account, FRANK Account), you need to visit a branch in person unless you are a Singapore citizen or permanent resident with Singpass.

Summary

OCBC offers a wide range of account types. You can choose the right account based on your financial situation and usage needs. By preparing documents according to the process, you can open an account smoothly and handle daily financial affairs conveniently.

The above is detailed information about opening an account with OCBC Bank (Singapore). If you have questions about any part or want to learn more about a specific account type, feel free to let me know.