The content of this guide will compass about OCBC Savings account requirements and other information relevant to Oversea-Chinese Banking Corporation savings account requirements.
The Oversea-Chinese Banking Corporation (OCBC) has become a preferred banking destination for many individuals.
Its branches serve customers with various account products like (savings, current, or investment accounts) for personal and business purposes.
All you need is to find out what the OCBC account requirements are.
Let’s now proceed to the OCBC savings account requirements.
OCBC Savings Account Requirements
Below are the OCBC savings account requirements:
- Applicants must have a minimum age of 16 years
- Singaporeans and Singapore PRs must submit an NRIC as proof of identity.
- Proof of identity with a Passport or a valid pass (e.g., Employment Pass (EP) or S-Pass or Student Pass) for foreigners.
- Proof of residence. You can use any of these documents; mobile phone or internet bill, half-yearly CPF statement, or bank statement from any bank.
- Complete the account opening form
- Minimum initial deposit
What Is The Minimum Balance Requirement For OCBC Savings Account
The minimum daily balance requirement for an OCBC Savings account is S$500.
This means account-holders must have this balance in their account alongside other factors to yield interest on the savings account.
This minimum balance is not fixed. It is subject to change depending on the financial market.
How Much Can Savings Account Can Hold
The OCBC savings account can hold as much as an account-holder can deposit. This means it has no deposit limit.
However, there are two main ways by which individuals can deposit funds into this account; either they schedule recurring deposit instructions (with a specified amount and date) every month or deposit the minimum balance requirement into the account monthly.
Account-holders are spoilt with options when it comes to making deposits. They can set up an automatic standing order, transfer from external sources to their account, and use cheques.
For more information, reach OCBC at +6563633333 or via https://www.ocbc.com/twcontactus.
Use any of their social media handles https://www.facebook.com/ocbcbank (Facebook), @OCBCBank (Twitter)
This is where we will end on OCBC Savings account requirements.
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