The advantages of remote OCBC corporate bank account opening include a host of benefits. From enhanced convenience to tightened security and streamlined operations, businesses can efficiently manage their global financial affairs while optimizing cost-effectiveness.
As the proud Prestige Partner of OCBC Bank in Singapore, this recognition underlines our commitment to assisting corporate clients in their expansion. If your business is in need of a corporate bank account opening solution, consider us your ideal choice.
Remote OCBC Corporate Bank Account Opening in Singapore
OCBC Bank is the longest established Singapore bank, formed in 1932 from the merger of three local banks, the oldest of which was founded in 1912. It is now the second-largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with Aa1 by Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC Bank is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
Individuals Permitted to Open a Corporate Bank Account
The director(s) and any authorized signatories, if designated, possess the authority to initiate the opening of a corporate bank account. Authorized signatories, individuals appointed to manage the account’s operations, must also be explicitly listed in the company’s board resolution.
Why Banking in Singapore is the Better Alternative
Singapore’s banking industry is renowned for its stability and efficiency and is ranked as the world’s third-leading financial center. Offering multi-currency accounts and secure internet banking, major global banks and well-capitalized domestic institutions operate within the country, while digital banking options like Wise are gaining popularity due to their ease of use and lower fees.
Opening a bank account in Singapore requires adherence to regulatory compliance, with approval contingent on legitimate business activity, transparent structures, and clean stakeholder backgrounds. While fees and minimum balance requirements vary, they remain globally competitive, fostering a conducive environment for businesses with regional connections to operate seamlessly within the global financial system.
Premia TNC Singapore x OCBC corporate bank account opening
We, Premia TNC, are capable of registering your Company in Singapore and subsequently arranging a bank account opening with OCBC for your business operations REMOTELY and DIGITALLY without the relevant parties physically being in Singapore like before. (*Terms and Conditions apply).
To elaborate further, for the bank account opening, it can be done via Video Call meeting with the OCBC banker and the said arrangement can be coordinated by Premia TNC. Hence, the client does not necessarily have to visit to Singapore and it saves on travelling cost.
Kindly note that the meeting with the banker can only be conducted after the company is incorporated. This is provided that the preliminary review has been done. In addition, the director(s) and authorized signatory/signatories are required to join the meeting.
We are delighted to present you with the introduction of OCBC’s remote account opening process for considerably more convenience.
Eligibility Requirements for Businesses Registered in Singapore
Fees and charges
- Initial deposit – Not applicable
- Fall below fee – Not applicable
- GIRO and FAST transaction – Free
- Monthly service fee – S$10 (Waived for the first 2 months)
Premia TNC’s Assistance
Please do not hesitate to contact us for further information. We strive to assist you with regard to setting up a Company, opening a business bank account in Singapore as well other free consulting with much less hassle.
Frequently Asked Questions
1. What documents are needed to open a corporate bank account in Singapore?Certificate of Incorporation, Memorandum and Articles of Association or Constitution, Board resolution, directors' IDs, proof of address, and business activity details are typically required.
Certificate of Incorporation, Memorandum and Articles of Association or Constitution, Board resolution, directors' IDs, proof of address, and business activity details are typically required.
2. Is there a minimum deposit requirement?
Yes, most banks have minimum deposit requirements, which vary. Check with the specific bank for details.
3. What is the general timeframe to open an account?
It varies, usually taking a few weeks to months depending on document completeness, bank processes, and any additional checks
