Receiving Payments

Electronic Collections

You can set up a collection arrangement to receive scheduled payments from your customers. This arrangement is possible even if your customers do not have an OCBC account.

 

Receiving Payments in Singapore Dollars (within OCBC Singapore or other banks in Singapore)

Standard processing

(GIRO)

Instant processing

(FAST - Fast And Secure Transfers)
For non-urgent transfers which takes up to 2 working days For urgent transfers which is almost immediate, to any of the 14 participating banks
Available on working days only Available anytime
(24x7, 365 days)
No transaction limit Limited to a maximum of S$50,000 per transaction
  • S$5 per transaction
Available via Velocity@ocbc
(business internet banking) only
Available via Velocity@ocbc
(business internet banking) only

 

Incoming Funds (payments initiated by payer)

Provide these details to your customers to receive payments for

GIRO & FAST:

MEPS & Telegraphic Transfers:

Oversea-Chinese Banking Corporation Limited

Singapore

SWIFT BIC code:
OCBCSGSGXXX

Oversea-Chinese Banking Corporation Limited

Singapore

SWIFT BIC code:
OCBCSGSG


In addition, to receive payments (telegraphic transfers) in USD, you may provide our intermediary
bank’s SWIFT code for faster processing:


JP Morgan Chase Bank, New York, USA

SWIFT BIC code: CHASUS33





Cheques

Single cheque

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.

More about bulk cheque service

 

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.

More about lockbox service





Card Payments

Visa and MasterCard

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.





Cash

Bulk cash service

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.





Find out how OCBC can help your business

 

Call us at

(65) 6538 1111

 

Monday - Friday, 8.30am to 6pm (excluding public holidays)