(Oversea-Chinese Banking Corporation)
OCBC is a public listed Bank with its head office in Singapore. It was formed from the merge of three local banks, the oldest among them which was founded in 1912. According to Bloomberg, OCBC was recognized as a number one of World's 10 strongest $100 billion assets banks for 2011 and 2012. OCBC offers a comprehensive range of financial and wealth management services, including corporate and enterprise banking, cash management, international trade financing, investment banking, private banking, treasury, stockbroking, insurance and asset management. It has branches in 15 countries, among them China, Hong Kong, Japan, Australia, the UK and US.
|Country of Registration:||Singapore|
|Year of foundation:||1932|
|Languages supported:||Chinese, English|
|Currencies supported:||Separate account for each currency: USD, SGD, EUR, NZD, CAD, AUD, HKD, CHF, GBP, JPY|
|Type of account:||Commercial banking account
|Documents required for the account opening:||Commercial banking account: Original copies of corporate documents, passports, proof of residence, and detailed proof of business.
Personal account: passport.
|Personal appearance of beneficiaries:||The visit of all directors and signatories is required.|
|Restrictions on the account opening:||Account opening is available for Singapore, Hong Kong, and offshore registered companies.|
|Processing time of the account opening:||1-2 weeks, with all required documents provided.|
|Minimum deposit required:||SGD 30,000 or equivalent in other currencies (not frozen)|
|Minimum balance required:||SGD 30,000 otherwise monthly charge of SGD 100 applies|
|Debit / ATM cards:||Available (MasterCard)|
|Personal banker:||Not provided, unless there is a deposit of SGD 5,000,000.|
|Fee charged by the Bank for account opening:||SGD 250|
|Maintenance fee:||SGD 100 per month, if the balance is lower than SGD 30,000|
|Charge for incoming funds:||SGD 10|
|Charge for outgoing funds:||USD 43|