A foreigner can open an account in OCBC by visiting a branch in person and providing the required documents, such as a valid passport, proof of address, and employment details. They may also need to fulfill additional eligibility criteria set by OCBC for foreign applicants.
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Opening a bank account as a foreigner can sometimes be a complex process, but OCBC (Oversea-Chinese Banking Corporation Limited) has made the procedure relatively straightforward. As one of the leading financial institutions in Singapore, OCBC offers a range of services catering to both locals and foreigners. Here is a detailed guide on how a foreigner can open an account with OCBC.
To open an account with OCBC, the first step is to visit a branch in person. This allows you to have direct interaction with the bank staff and clarify any queries you may have during the process. Additionally, it allows the bank to verify your identity and establish a personal rapport. OCBC has a wide network of branches across Singapore, making it convenient to find one near you.
Upon visiting the branch, you will be required to provide certain documents to complete the account opening process. The typical documents requested by OCBC include a valid passport, proof of address, and employment details. Proof of address can be in the form of utility bills, rental agreements, or official government correspondence that displays your residential address. The employment details required usually involve providing information about your occupation, employer, and income.
It is important to note that OCBC may also have additional eligibility criteria for foreign applicants. This varies based on factors such as the type of account you wish to open and the purpose of the account. Some possible requirements may include minimum deposit amounts, maintenance fees, or specific documentation for certain types of accounts like corporate accounts or expatriate accounts.
To demonstrate the simplicity of OCBC’s account opening process for foreigners, let’s take a quote from renowned entrepreneur and investor, Richard Branson: “Complexity is your enemy. Any fool can make something complicated. It is hard to keep things simple.” OCBC understands this philosophy and strives to simplify the account opening experience for foreign individuals, ensuring it is accessible and hassle-free.
Interesting facts about OCBC and account opening for foreigners:
- OCBC is one of the largest banks in Southeast Asia, with a strong presence in Singapore, Malaysia, Indonesia, and Greater China.
- The bank was founded in 1932 through a merger between three local banks.
- OCBC offers a wide array of banking services, ranging from consumer banking to wealth management and investment banking.
- The institution is consistently recognized for its commitment to innovation and customer satisfaction.
- OCBC has a reputation for providing quality service to foreign customers, making it a popular choice for expatriates and non-residents in Singapore.
To provide a concise overview, here is a table summarizing the steps to open an account with OCBC as a foreigner:
| Step | Action |
|---|---|
| Step 1 | Visit an OCBC branch in person |
| Step 2 | Provide necessary documents such as a valid passport, proof of address, and employment details |
| Step 3 | Fulfill additional eligibility criteria set by OCBC, if applicable |
| Step 4 | Complete the account opening process with assistance from the bank staff |
| Step 5 | Receive your account details and banking information upon successful application |
Related video
The video tutorial provides a step-by-step guide on how to register for OCBC Bank’s online banking service. Users need their ATM debit or credit card number and pin to register, but a form can be downloaded if they don’t have a card. The tutorial then guides users through entering their card information, identification type, identification number, date of birth, and solving a captcha. By following these instructions, users can successfully register for OCBC Bank’s online banking service.
Here are some other answers to your question
To open a Singapore bank account with OCBC, you can follow these steps:
- Download the OCBC Digital app.
- Tap on "Sign up" and select "Foreigner with e-passport."
- Prepare your e-passport and ID card for identity verification.
- Open your account remotely in minutes.
Step 1: Open OCBC Digital app > Tap on ‘Sign up’ > ‘Foreigner with e-passport’ Step 2: Have passport and ID card ready for digital verification on the app. Thereafter, the account will be opened in minutes and customers can immediately access the digital, financial and lifestyle services on the OCBC Digital app.
OCBC has launched a digital account-opening service for overseas customers relocating to Singapore, the bank said on Thursday (Jun 22). The service targets customers from Malaysia, Indonesia, mainland China and Hong Kong. It enables them to open Singapore dollar and multi-currency accounts on the OCBC Digital app “within minutes”, the bank said.
OCBC has launched a fully digital account opening service for consumers in its key markets who are relocating to Singapore. These individuals from Malaysia, Indonesia, mainland China and Hong Kong SAR will be able to open Singapore dollar and multicurrency accounts on the OCBC Digital app remotely, within minutes.
Opening a Singaporean Bank Account as a foreigner at OCBC OCBC asks that foreigners bring either a EP/S-Pass employment pass/work permit or student pass and passport to one of their local branches to initiate opening an account.