OCBC Bank The full English name of Oversea-Chinese Banking Corporation Limited (OCBC), OCBC Bank was formed by the merger of three banks in 1932: Huashang Bank, founded in 1912, Hefeng Bank, founded in 1917, and the old OCBC Bank, founded in 1919. By 1985, OCBC had 21 branches and 44 subsidiaries in mainland China and 44 branches abroad, mainly distributed in Malaysia , mainland China and Hong Kong, the United States, France, the United Kingdom, Japan and other places.
(Pictures are from the Internet)
Singapore OCBC advantages
1, Singapore has a sound financial system and perfect financial facilities;
2. Diversified market entities, high density of financial institutions, high degree of diversification of services, ranking among the forefront of the world;
3. Online banking is convenient to operate, and the use region is not restricted;
4. No foreign exchange control, funds can be entered and exit freely, and the source of funds is simple. ;
5. Through the Singapore Bank account, various currencies can be exchanged freely;
6. Multi-currency accounts, US dollar, SGD , New Zealand dollar , Australian dollar, Japanese yen, Hong Kong dollar, euro, British pound, etc. can be opened;
7. Singapore OCBC Bank is one of the safest banks in the world;
8. No need to log in, you can operate transfers, collections or consumption services offshore;
9. Convenient use, and it is very convenient to operate multiple channels of counter, cash withdrawal, card swipe, online banking, and wire transfer.
Singapore OCBC personal account opening conditions
1, valid identity proof document;
2, personal address proof (such as: water bill, online bill, phone bill, etc., one of them is enough);
3, fill in the KYC form.
(Pictures are from the Internet)
Related fees for individual Singaporean overseas Chinese account
Minimum deposit amount: .2 million SGD or equivalent currency, it needs to be recorded within two months after the account is established, and the deposit will be maintained permanently. The account opened is a VIP account and there is no management fee;
Domestic ATM withdrawal fee: Overseas withdrawal will charge a 2% fee, with a minimum fee of $5 and a maximum charge of $60;
Online banking limit: 200,000 SGD/day;
Management fee: None;
Local transfer: free;
wire transfer new currency account: 1/8% SGD, minimum 10 SGD, maximum 100 SGD;
wire transfer foreign currency account : 1/8% SGD, minimum 10 SGD, maximum 120 SGD.
Singapore OCBC personal account is suitable for the population
1. Business people with cross-border trade and capital flow needs;
2. Investors who conduct global cross-border investment and asset planning;
3. People who live, work and study abroad or around the world;
4. People who conduct asset planning reasonably to ensure the security of funds;
5. Immigrants who have immigration plans and make cross-border investment transfers.
