Expanding your business into Asia carries immense profit potential. For companies registered in Hong Kong, Singapore, China, or looking to establish operations in these dynamic markets, our firm connects you with a unique banking opportunity—opening a corporate account with OCBC Bank.

About OCBC Bank

As one of Singapore's largest financial institutions and Southeast Asia's second-largest bank, OCBC Bank boasts an extensive regional footprint. Its network includes 13 subsidiaries and over 20 branches in various Chinese provinces and other Asian countries like Macao, Malaysia, and Indonesia.

Key benefits of an OCBC Bank account include:

  • Convenient 24/7 internet banking for account access and transactions
  • Credit, insurance, and robust trade financing services
  • Corporate accounts available for HK firms (debit, current, investment)
  • Banking support for other financial institutions

Account pricing

Opening a multiple currency corporate account with OCBC carries these fee structures:

  • Initial deposit: $0
  • Account opening time: 10–15 days including token delivery
  • Monthly limit: $2,000,000
  • Outgoing T/T fee per transfer: $25
  • Outgoing payment processing: 0.001% (min $15, max $150)
  • Monthly service charge: $50, waived if balance above $5,000
  • Internet banking: $12 per month
  • Application fee: $150

Required documentation

To open an OCBC Bank account as an HK registered business, submit copies of:

  • Business Registration Certificate
  • 3-6 months company bank statements
  • Invoices, contracts, bill of lading (if applicable)
  • Latest Annual Return, Business Registration
  • Memorandum of Association
  • Director/Shareholder passports
  • Director/Shareholder address verification

Account opening process

Follow this streamlined process:

  1. Email documents for initial review and approval (1-3 days).
  2. Schedule interview appointment and trip to Shenzhen branch (1-3 days).
  3. Pay €950.
  4. Interview with a translator and obtain a local SIM/token for access (1 day).
  5. Wait approximately 2 weeks for tokens; pay remaining €6,550 upon receipt.

In summary, whether opening an account for your existing HK firm or registering a new HK company alongside a banking relationship, OCBC Bank offers a convenient gateway to the Asian market. Contact our team for complete details.

Account opening requirements for China-based companies

When applying to open a Chinese corporate bank account, applicants should meet several key criteria, including:

  • Director has industry experience.
  • Proof of director's financial solvency.
  • Evidence of trading activity (for foreign director-managed firms).

Our specialists can advise on additional specifics. Notably, registering a Chinese business entity strengthens the chance of account approval with local banks.

Would it be possible to open an account remotely?

Yes, remote account opening is available for China-registered companies. Banks providing this facility include:

  • OCBC Bank
  • HSBC
  • Bank of East Asia
  • Standard Chartered Bank

What is OCBC Bank's account documentation?

To open a corporate account with OCBC Bank of Singapore, applicants must furnish copies of:

  • Business Registration Certificate
  • 3-6 months company bank statements
  • Contracts, invoices, bill of lading (if applicable)
  • Director and shareholder passports
  • Proof of director and shareholder addresses

In summary, by meeting account opening requirements and preparing the necessary documentation, overseas enterprises can access China’s banking system and lucrative Asian markets. Contact our specialists for personalized guidance.