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For OCBC Deposit Accounts:
Service fee of S$2 will apply if monthly average balance falls below S$1,000
OCBC Internet Banking & Phone Banking services: OCBC Credit/ Debit cardmembers can apply for this at any OCBC ATM.
Existing OCBC deposit account is applicable for single accounts and joint-name operated accounts where the account can be operated by a single account holder. Not applicable for joint-name operated accounts where both account holders need to sign to operate the account.
For Plus! Savings Account and NTUC OCBC Starter Account :
Maintain any balance with no fall below fees
Plus! Savings Account number or NTUC OCBC Starter Account number will be mailed to you upon successful Application.
To start using your Plus! and NTUC Plus! debit cards, you will need to make a deposit into the account. Simply deposit via
OCBC ATM Plus! in FairPrice outlets
Drop a cheque at any OCBC quick cheque deposit box
Transfer funds online
OCBC Bank has established two wholly-owned subsidiaries in Singapore and Malaysia to process certain selected transactions for OCBC Bank’s customers and for this purpose, customer information may be disclosed to these subsidiaries. Please be assured that customer information will continue to remain within the OCBC Group, subject to any mandatory disclosure required by the relevant regulatory authorities.
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.
Policy Owners' Protection Scheme
This plan is protected under the Policy Owners' Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact us or visit the Life Insurance Association (LIA) or SDIC websites (www.lia.org.sg or www.sdic.org.sg).