You can set up an interbank GIRO collection arrangement to receive scheduled payments from your customers. GIRO collection is possible even if your customers do not have an OCBC account.
Set up GIRO collection arrangement via Velocity@ocbc (business internet banking)
Incoming telegraphic transfer or MEPS (MAS Electronic Payment System)
Provide these details to your customers to receive payments via telegraphic transfers or MEPS:
Oversea-Chinese Banking Corporation Limited
In addition, to receive payments in USD, you may provide our intermediary
bank’s SWIFT code for faster processing:
JP Morgan Chase Bank, New York, USA
You can deposit single cheques received from your customers into your OCBC acocunt.
Bulk cheque service
Suitable for businesses that require a single credit entry for multiple cheque deposits and have high volume of cheques. Optional third-party secure courier services for delivery are also available.
Let OCBC receive and process your cheques
Save time and effort with a dedicated lockbox for your customers to send cheques to. OCBC will receive and process the cheques in your lockbox daily.
Increase sales by accepting Visa and MasterCard payments. Our comprehensive range of merchant services includes competitive service fees and quick payment services, amongst other benefits.
We offer deferred counting for prompt and efficient crediting. This is suitable for businesses with large cash deposits with the flexibility of engaging third-party courier services for delivery.