Basic Bank Account - Banking

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Basic Bank Account

Basic Bank Account operates just like a Passbook Savings Account

Next Steps :

Benefits

Interest bearing account if monthly average balance is at least S$1

Available as a single or joint account.

Withdraw or deposit cash with your Easi-Card at our ATMs and Automated Deposit Machines at all OCBC Bank Branches and Fastlanes

Update your passbook anytime via our Quick Update machines

24-Hour account access through OCBC Internet Banking and OCBC Phone Banking

Deposit cash into your account using our new non-card deposit facility

Eligibility

Individuals aged 15 years old and above

Must be a Singapore Citizen or Permanent Resident

Minimum initial deposit of S$1

Monthly income of less than S$2,000

No existing Basic Banking Account with OCBC Bank, including both single or joint name accounts

Fees and Charges

Service fee of S$2 only if monthly average balance falls below S$500

Click here for Pricing Guide

Apply Now!

Visit any OCBC Bank Branch today with your identity card / passport and the minimum initial deposit to open the account.

Deposit Insurance Scheme

Singapore dollar deposits held by or for an individual or a charity in accounts listed in OCBC Bank’s Insured Deposit Register (available at www.ocbc.com/policies) will be insured in accordance with and for up to the limits specified in the Deposit Insurance Act.