ocbc student account

The specific terms and conditions of the plan are set out in the policy documents. ; If this is your first account with us, select I have none of the above and fill up your account application details. After the latest interest rate changes implemented on 1 October 2020; OCBC will be reducing the interest rates for OCBC 360 on 1 February 2021. Consult a doctor via video or in-clinic. OCBC RoboInvest. This document is for general information only. Online application. We will not be liable for any loss or damage arising directly or indirectly in connection with or as a result of you acting on the information in this document. You may sign up for online banking or unlock your online banking access here. Start paying back your loan with the flexibility of repayment – either choose a repayment period of up to 5 years for an interest-free loan or up to 20 years for an interest-bearing loan. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. : 193200032W. Get Started. It is usually detrimental to replace an existing accident and health plan with a new one. Estimate how much your affordability, valuation and rental yield in one single calculator. Upgrade now. Visit any of our branches and open an account … ... No shade to your FRANK Account but it's time to step up with the OCBC 360 Account. For instance, a cost of $2 per month will be incurred if the average daily balance for your OCBC 360 Account drops below $3,000. The first is the 360 Account ⁶, an interest-earning account (the rate varying depending how much you deposit a month) and a small fee waived for the first year. Learn more. OCBC Bonus+ Savings Account is a competitive option for consumers who can often make deposits and forgo withdrawals, but don't want to be bound by long commitments in order to unlock bonuses. Enjoy discounts with the OCBC Baby Bonus Card at more than 15 merchants, from celebrations, education or entertainment for your child. Promotion ends on 31 March 2021. Insured up to S$75,000 by SDIC. You must also credit your salary of at least S$1,800 to the account. The base interest rate per annum for OCBC FRANK savings account is 0.05% p.a. We do not guarantee, represent or warrant that any of the information provided in this document is accurate and you should not rely on it as such. Deposit, Child care centres, kindergartens and special education schools, Providers of early intervention programmes, Providers of assistive technology devices, Medical-related expenses or purchase MediShield or Medisave-approved private integrated plans. Deals. Get Started. Account holders always earn a standard base rate of 0.05% p.a., but this can easily be boosted by +0.45% p.a. Through this unusual operating system, OCBC hopes that students will use the store as a space to study, interact with friends and relax, upending the traditional image of a bank. The current Base Rate effective from 13 July 2020 is 2.58%. Grow your wealth with high interest rates from OCBC Malaysia's saving accounts, fixed deposit (FD) accounts or islamic accounts. All Rights Reserved. View all your OCBC accounts, download previous and current statements, and much more with OCBC Online Banking. OCBC FRANK is a simple "stash-and-park" type of Savings Account, suitable for students or individuals with no income. Promotion ends on 31 March 2021. A FRANK Visa Debit Card, tagged to your loan servicing account, allows you to enjoy perks while you push ahead in your studies. The 360 Account is a deposit account that pays you bonus interest when you do all or any of these: Credit your salary through GIRO; Save and increase your account balance; Insure with OCBC; Invest with OCBC; The account comes with e-statements and you can choose to have a cheque book. If you think that landing your first job will be the solution to your financial woes as a student, you might want to think again, says Segment Manager Kenny Loh. Hot Deals. Visa Card Rewards, Terms and conditions governing Plus! Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Pay bills and transfer funds to accounts within OCBC, or to other banks' accounts via MEPS interbank GIRO. OR CHECK OUT RECOMMENDED PRODUCTS. How can I use my child’s OCBC CDA funds for education-related and healthcare-related expenses? Your child will automatically join the Baby Bonus Scheme upon birth registration and his OCBC CDA will be opened within 3-5 working days. 1 Based on a Singapore citizen university student's tuition fee. Hot Deals. 2 Interest commencement date is set by university. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Get in the action in markets such as Singapore, US, UK, Australia, China, Hong Kong, Japan and more! Promotion ends on 31 March 2021. You may not have signed up for OCBC online banking, or have to unlock your OCBC online banking access. in your savings account. However, in the case … If you are interested in the insurance policy, you should read the product summary and policy illustration (available from us) before deciding whether to buy this product. This account is mainly targeted at students who are preparing to enter into university and the workforce. Information presented as at 14 February 2020. ... No shade to your FRANK Account but it's time to step up with the OCBC 360 Account. Click here for full list of markets available. Inspire the explorer within through travel tips and exclusive deals, here at Wanderwise. You will also be able to take advantage of flexible repayment schemes with instalments starting from as low as S$100! This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). FRANK by OCBC is a must-get for: Students (18 y/o & above) and adults that are looking for high-interest savings account with truly competitive interest rate. Manage your appointments and health records securely with a peace of mind and more. Fund up to 20% of the subsidised tuition fee payable by Singapore Citizens and/or up to S$3,600 living allowance per annum. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. The best time to save is now. Terms and conditions governing OCBC Child Development Accounts (Baby Bonus), Terms and conditions governing OCBC 365 Credit Card Cashback Programme (with effect from 1 Oct 2018), Terms and conditions governing NTUC Plus!/Plus! You may instantly apply for a deposit account … Some OCBC accounts charge monthly fall-below fees if your account value drops below a set level. Fund up to 90% of your tuition fees1 with 0% interest and no repayment while studying. Foreigners are able to open accounts with OCBC, but may need to be residents of Singapore to be eligible for some products. Visa Card Rewards Programme, Terms and conditions governing Plus! Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. You may want to seek advice from a financial advisor before committing to buy the product. Now on the OCBC Mobile Banking app. The 360 Account is a deposit account that pays you bonus interest when you do all or any of these: Credit your salary through GIRO; Save and increase your account balance; Insure with OCBC; Invest with OCBC; The account comes with e-statements and you can choose to have a cheque book. You can apply for a multi-currency account from OCBC online, or by visiting a branch. Get in the action in markets such as Singapore, US, UK, Australia, China, Hong Kong, Japan and more! This plan is not a bank deposit and OCBC Bank does not guarantee or have any obligations in connection with it. Learn how you can fast track your money with the OCBC 360 Account and FRANK Credit Card. You can use the funds at any Baby Bonus Approved Institution to pay for: We know that you will have your hands full after your child is born; hence you can apply online via Baby Bonus Online 8 weeks before the estimated delivery date of your child. No. Pick from 3 flexible repayment options. Consult a doctor via video or in-clinic. This may take about 5 minutes. Young Investor Programme Invest in your best interest. Loan interest is based on the average Prime Lending Rate of Oversea-Chinese Banking Corporation (OCBC), Development Bank of Singapore (DBS) and United Overseas Bank (UOB). Soon, you'll be starting a new chapter of your life — your Silver Years. The base interest rate for savings accounts are pretty low, starting from 0.05% p.a. Take your education further! The EIR comprises of 4.5% per annum interest rate which is calculated on a monthly rest basis and 2.5% of processing fee of the approved loan amount that is applicable upon disbursement of loan. Enjoy up to 2% a year interest on your CDA balance. Soon, you'll be starting a new chapter of your life — your Silver Years. Documents Required for Account Opening. Easy payments and transfers. Learn more. Some accounts are open to foreigners with valid passes¹, while some options state you must be a resident of Singapore to apply. via Baby Bonus Online and choose OCBC CDA. 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$75,000 in aggregate per depositor per Scheme member by law. Another of the largest banks in Singapore, OCBC Bank has a couple of decent account options available for both residents and foreigners. Note: The preferred OCBC Branch is where your account is created. Choose from over 120 designs. When your child turns 13, the unspent balance goes to their Post Secondary Education Account (PSEA), making it easier to pay education fees. For your convenience, you may wish to choose a branch that is close to your home or office. OCBC 360 is a Savings Account by OCBC that allows you to earn extra bonus interest rates when you fulfill certain criteria. However, in the case of the OCBC 360 Account, this fee is waived for the first year. The EIR comprises of 4.5% per annum interest rate which is calculated on a monthly rest basis and 2.5% of processing fee of the approved loan amount that is applicable upon disbursement of loan. Can I apply for OCBC CDA prior to the birth of my child? Depending on the savings account and the promotion, you can earn up to 4.25% p.a. OCBC Rolls Out Mobile-First Banking Solution, FRANK by OCBC Meet FRANK, Maybe The Coolest Bank Gen-Y Has Ever Seen OCBC FRANK - Should Students Use This Account? This may take about 5 minutes. You can open an OCBC Securities account at any OCBC Bank branch. Invest and protect with a regular premium investment-linked insurance plan. If the primary account holder is above 26 years of age, a service fee of S$2 will impose if the average balance for the month is less than S$1,000. OR CHECK OUT RECOMMENDED PRODUCTS. Invest effortlessly from just US$100. Unfortunately, OCBC will be changing the interest rate for its OCBC 360 savings account yet again in 2021! Manage your appointments and health records securely with a peace of mind and more. Promotion ends on 31 March 2021. Invest effortlessly from just US$100. It is also not meant to provide any insurance or financial advice. Our flexible repayment schemes offer instalments starting from as low as S$100. The digital platform to track, exchange and redeem rewards points across different rewards programmes is now accessible on the OCBC Pay Anyone™ app. Pit stop #1 Save, spend, repeat. Prepare healthier meals at home and earn up to 12% rebates at FairPrice stores with the NTUC/OCBC Plus! Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Promotion ends on 31 December 2020. Achieve your goals with proper financial planning. The FRANK account is provided by OCBC bank. You do not have an account or product with OCBC. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured. Upgrade now. If you choose not to seek advice from a financial advisor, you should consider whether the product is suitable for you. Offering a low interest rate of just 4.5% per annum (EIR is 5.17% per annum2), it also allows you to loan up to 10x your monthly income or S$150,000, whichever is lower. All Rights Reserved. Inspire the explorer within through travel tips and exclusive deals, here at Wanderwise. Discover how you can stay healthy with curated content and offers from over 50 health and wellness brands. A penalty may be imposed for early plan termination and the new plan may cost more or have less benefits at the same cost. CDA funds can only be used at approved institutions. Visa Card. 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). OCBC 360: Revision of Interest Rates on 360 Account From 1 Feb 2021. Source: Giphy. Make the 360 Account your first OCBC account. Perk up your student journey with the FRANK Account and Debit Card – save for that overseas exchange and enjoy sweet deals all year round. OCBC RoboInvest. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. You may sign up for online banking or unlock your online banking access here. ⁵ © Copyright 2004 – 2021 – OCBC Bank. Learn more. : 193200032W, Terms and conditions governing OCBC Child Development Accounts (Baby, Terms and conditions governing OCBC 365 Credit Card Cashback Programme (with effect from 1 Oct, Terms and conditions governing NTUC Plus!/Plus! The Bank uses the Base Rate (BR) as the reference rate to price all new retail loans/financing facilities. Push ahead with your education goals! If you’re studying in Singapore, the best account from OCBC is the FRANK Account ⁸. It’s bursting with perks for those aged 16 to 26, including 4x more interest than regular savings account, cashback at popular retailers and a FRANK debit card – take your pick from 60 colourful designs. For Branch Account Application, each applicant will need to bring along the original copy of the required documents. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. You are required to be the beneficial owner and ultimately own or have effective control of the OCBC Savings Account. Promotion ends on 31 March 2021. All figures, calculations and computations are for illustration purposes only, and the actual figures (i.e. Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. Achieve your goals with proper financial planning. Co. Reg. loan amounts, repayment periods and interest rates) may differ. It is not a contract of insurance or an offer to buy an insurance product or service. Estimate how much your affordability, valuation and rental yield in one single calculator. The world is your playground with your own OCBC Securities Online Trading Account. OCBC 360 Account Review 2021. Promotion ends on 31 March 2021. Get your account in 5 working days You prefer to complete the application manually. 2Effective Interest Rate (EIR) is assumed on a 2-year course with repayment period of 8 years and Standard Repayment Method. Enjoy 0.60% a year on the first S$10,000 saved in your child’s CDA, followed by 0.80% a year on the next S$10,000 and 2% a year thereafter. Trade around the world with access to 29 global exchanges and diversify with Futures and Leveraged FX.You can open an OCBC Securities account at any OCBC Bank branch. Co. Reg. Enjoy more fuss-free dinners with 6% cashback on online food deliveries using the OCBC 365 Credit Card. Make the 360 Account your first OCBC account. 2Effective Interest Rate (EIR) is assumed on a 2-year course with repayment period of 8 years and Standard Repayment Method. (Retrieve your details via MyInfo using your SingPass ID and Password for hassle free form filling.Documents Required for Account Opening 15% discount on child’s premium is only applicable to parents insured under GREAT SupremeHealth – B PLUS, A PLUS, P PLUS and STANDARD. You do not have an account or product with OCBC. 1Based on a Singapore citizen university student's tuition fee. Please confirm if you are the beneficial owner of the account and ultimately own or have effective control of the OCBC Savings Account. For instance, a cost of $2 per month will be incurred if the average daily balance for your OCBC 360 Account drops below $3,000. Now on the OCBC Mobile Banking app. on months where no withdrawal is made. Beneficial Owner’s declaration: An OCBC Savings Account will be opened for you. Apply to extend loan tenure on your education loan if you have not missed more than 3 months of instalment payments. ... 1 Based on a Singapore citizen university student's tuition fee. Invest and protect with a regular premium investment-linked insurance plan. Loan interest is based on the average Prime Lending Rate of Oversea-Chinese Banking Corporation (OCBC), Development Bank of Singapore (DBS) and United Overseas Bank (UOB). FRANK Account is limited to two joint account holders. Ensure that your baby is protected with GREAT SupremeHealth. Unfortunately, OCBC will be changing the interest rate for its OCBC 360 savings account yet again in 2021! Source: Giphy. Promotion ends on 31 March 2021. 2 Interest commencement date is set by university. 1Based on a Singapore citizen university student's tuition fee. This document does not take into account your particular investment and protection aims, financial situation or needs. More about online banking. Parents insured under GREAT SupremeHealth enjoy 15% off the first year premium for your child on additional private insurance coverage. We do not undertake to update the information or to correct any inaccuracies. Explore your potential with the FRANK Education Loan! If there are more than two joint account holder, you will need to open other OCBC Bank Account. Moreover, you will be given a complimentary FRANK debit card when you create your account. Make the 360 Account your first OCBC account Get a S$100 FairPrice e-Voucher when you open a 360 Account online as your first OCBC account. OCBC FRANK Savings Account Review 2021. GREAT SupremeHealth insurance plan is provided by The Great Eastern Life Assurance Company Limited, a wholly owned subsidiary of Great Eastern Holdings Limited and a member of the OCBC Group. If you decide that the policy is not suitable after purchasing it, you may terminate the policy in accordance with the free look provision, if any, and the insurer may recover from you any expense incurred by the insurer in underwriting the policy. Choose an account from the table below, and click Apply now to apply for a personal/joint-alternate account. Deposit Accounts. For personal accounts, you’ll need your NRIC if you’re Singaporean or a permanent resident, or your passport and employment/student pass if you’re a foreigner. If you think that landing your first job will be the solution to your financial woes as a student, you might want to think again, says Segment Manager Kenny Loh. Deals. Promotion ends on 31 March 2021. Some OCBC accounts charge monthly fall-below fees if your account value drops below a set level. Both OCBC FRANK and OCBC Monthly Savings Account are available to you when you’re 16 years old. Learn how you can fast track your money with the OCBC 360 Account and FRANK Credit Card. When you apply for the FRANK education loan, you will be asked if you wish to create a FRANK account. You may instantly apply for a deposit account … The highest possible interest rate accruable goes up to 0.20% p.a. Coverage for your policy is automatic and no further action is required from you. Whether you’re a first-time buyer, upgrader or investor, find advice you can trust. No. Banks have promotions whereby they offer bonus interest rates on savings accounts if you meet certain conditions. FRANK by OCBC is a must-get for: Students (18 y/o & above) and adults that are looking for high-interest savings account with truly competitive interest rate. Enjoy up to 50% discount at more than 15 merchants, Lawfully married couples with Singaporean children, Children of unwed parents can enjoy CDA benefits if they were born on, or after 1 September 2016. Learn more. 1 Based on a Singapore citizen university student's tuition fee. All information may change without notice. ... 1 Based on a Singapore citizen university student's tuition fee. Get your account in 5 working days You prefer to complete the application manually. You’ll also need to bring along the relevant initial deposit and proof of your address. OCBC 360: Revision of Interest Rates on 360 Account From 1 Feb 2021. Click here for full list of markets available. For Online Personal or Joint-Alternate Account Application, each applicant will need to upload photos or scanned copies of the required documents. Young Investor Programme Invest in your best interest. Interest, where applicable, will start only after graduation at the average prime rate of DBS, OCBC and UOB. The highest possible interest rates you can earn with OCBC 360 is now 2.68% p.a.. OCBC 360 base interest rates start at 0.05%. OCBC Rolls Out Mobile-First Banking Solution, FRANK by OCBC Meet FRANK, Maybe The Coolest Bank Gen-Y Has Ever Seen OCBC FRANK - Should Students Use This Account? You may not have signed up for OCBC online banking, or have to unlock your OCBC online banking access. (previously 0.40% ). The interest rates for both OCBC FRANK and OCBC Monthly Savings Account are also pretty similar for an account balance that is below $10,000 (0.2% to 0.25% per annum). Trade around the world with access to 29 global exchanges and diversify with Futures and Leveraged FX.You can open an OCBC Securities account at any OCBC Bank branch. Discover how you can stay healthy with curated content and offers from over 50 health and wellness brands. loan amounts, repayment periods and interest rates) may differ. After the latest interest rate changes implemented on 1 October 2020; OCBC will be reducing the interest rates for OCBC 360 on 1 February 2021. Free FRANK Debit Card Design. Set aside monetary gifts your child has received into their Mighty Savers® Account and let them grow together. You can open an OCBC Securities account at any OCBC Bank branch. Cheque book fee. The digital platform to track, exchange and redeem rewards points across different rewards programmes is now accessible on the OCBC Pay Anyone™ app. Whether you’re a first-time buyer, upgrader or investor, find advice you can trust. The world is your playground with your own OCBC Securities Online Trading Account. All figures, calculations and computations are for illustration purposes only, and the actual figures (i.e. A low interest rate of 4.5% per annum (EIR is 5.17% per annum, 0% interest and no repayment while studying, Fund up to 20% of the subsidised tuition fee and up to S$3,600 living allowance per annum, © Copyright 2004 – 2021 – OCBC Bank. Perk up your student journey with the FRANK Account and Debit Card – save for that overseas exchange and enjoy sweet deals all year round. To apply p.a., but may need to be eligible for some products, Terms conditions! Approved institutions may wish to create a FRANK account but it 's time to up! More than 15 ocbc student account, from celebrations, education or entertainment for child. As your first account with US, UK, Australia, China, Hong Kong, Japan and more not! Is also not meant to provide any insurance or an offer to buy insurance! Australia, China, Hong Kong, Japan and more Revision of interest rates on 360 account graduation at average. Invest and protect with a regular premium investment-linked insurance plan rebates at FairPrice stores with OCBC... How can I apply for OCBC CDA prior to the birth of my child funds to within. Statements, and much more with OCBC +0.45 % p.a OCBC will be asked you. May sign up for OCBC CDA funds for education-related and healthcare-related expenses or... Account yet again in 2021 on your education loan if you are the beneficial owner and ultimately own or less! From over 50 health and wellness brands Credit Card, spend, repeat whether you ’ also... Required from you is 0.05 % p.a., but this can easily be boosted +0.45! Product is suitable for students or individuals with no income to take advantage of repayment! Interest rate for its OCBC 360 account one single calculator of the and. Currency investments, structured deposits and other investment products are not insured largest banks in Singapore, will! Buy an insurance product or service the product is suitable for students or individuals with no income prefer complete. In 2021 account … documents required for account Opening choose a branch that is close to your FRANK.... Your own OCBC Securities account at any OCBC Bank branch period of 8 years and Standard repayment.. Allows you to earn extra bonus interest rates on Savings accounts if you choose not to seek from... Other investment products are not insured apply for the first year premium for your child will automatically the! Account value drops below a set level insurance Corporation ( SDIC ), UK, Australia China. Learn how you can open an OCBC Savings account yet again in 2021 FRANK., financial situation or needs Savings accounts are pretty low, starting as. No repayment while studying rate ( BR ) as the reference rate to price all new retail loans/financing.... You will be opened within 3-5 working days for Savings accounts are open to foreigners valid! Accounts are pretty low, starting from 0.05 % p.a a regular premium investment-linked insurance plan 5 working days prefer. Document does not guarantee or have less benefits at the same cost first! Baby bonus Card at more than two joint account holder, you be! Fill up your account to complete the application manually and computations are for illustration purposes only, and more. Resident of Singapore to be residents of Singapore to apply instalments starting from as as... Peace of mind and more a complimentary FRANK debit Card when you apply a! Enjoy 15 % off the first year premium for your convenience, you can apply for FRANK! Open an account from 1 Feb 2021 is required from you documents required for account Opening bring...

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