SME BUSINESS ACCOUNT

Open an SME Business Account in as fast as 1 working day¹

• Why you will love this
• Who can apply

$0 account opening fee and monthly maintenance fees

No minimum balance required

Online application with no documents required²

Competitive real-time FX rates³

• Hong Kong (HK) registered companies with single layer

• Business owner and connected parties⁴ with HK permanent resident ID cards

• Sole-proprietor; Partnership or Limited Company (up to 2 connected parties⁴)

Headquartered in Singapore and recognised as the best SME bank in Asia Pacific, let OCBC be your partner in starting and running your business securely and boldly in Hong Kong.

We have a strong interconnected network that provides SMEs like yours with unparalleled access to ASEAN and Greater China. And our award-winning mobile banking app and business internet platform can help you save while you earn through various business banking tools. Enjoy all this and more when you open an OCBC SME Business Account – an integrated account designed to help startups and established SMEs sustain their growth across borders.

Ready to take the first step? Apply for an SME Business Account easily online now.

Exclusively for SMEs, open an OCBC SME Business Account in as fast as 1 working day¹, at zero cost. Plus, enjoy these exclusive welcome offers, available for a limited time only. Terms and Conditions apply.

Zero

Open an account at zero cost:

• No account opening fee
• No monthly maintenance fee
• No minimum balance
• No company search fee

• No account opening fee
• No monthly maintenance fee
• No minimum balance
• No company search fee

Free-of-charge

Internet and mobile banking platforms

No fees when you use both OCBC Velocity and the OCBC Business Mobile Banking app to run your business anytime, anywhere.

Preferential

time deposit rates

Enjoy attractive time deposit rates with different currencies:

Free

Business Debit Card

No annual fees for the first year

Say goodbye to lengthy paperwork and long waits at branches.

Easily apply for a business account online and simply verify your identity via the OCBC Business Mobile Banking app.

15 minutes to complete your online application

As fast as 1 working day to get your account¹

No fees and minimum account balance

• Consolidate your current, statement savings and time deposits into one account
• Convert and hold up to 15 major currencies to transact without borders

• Spend securely with debit cards that you can control
• Track in-store and online payments
• Spend like a local worldwide with attractive FX rates

• View foreign exchange rates in real-time on OCBC Velocity³
• Secure and instant currency conversions

• Gain access to funds the same day
• Easy reconciliation with real-time notifications and end-of-day transaction reports
• Access a larger base of customers by enabling mobile collections
• Reduced processing fees associated with handling cash and cheques

Get your documents ready. It only takes 3 steps to open an OCBC SME Business Account.

1

Complete the online application form.

2

Authenticate your identity and upload your signature specimen via the Business Mobile Banking app.

3

Open your account in as fast as 1 working day¹!

Already started your application for the OCBC SME Business Account? Resume your application.

¹ The actual turnaround time may vary depending on the circumstances of each individual application.

² Subject to the bank internal review for account opening.

³ Access to the service on OCBC Velocity is only available on a Business Day and during the Bank’s business hours, subject to the relevant Terms and Conditions.

⁴ It refers to All Partners/Directors, Beneficial Owner and All Authorised Signatory of the company.

E-commerce

“The hassle-free process and excellent service provided was unbelievable… I will recommend OCBC to my business friends for their banking needs in Hong Kong. It will be the first bank on my list.“

Consultancy

“The entire account opening process was efficient, the online banking is easy to use, and the staff was patient.“

Skincare retail

“OCBC is an exemplary bank… offering the fastest account opening process and exceptional risk management. We can rely on OCBC for stable and reliable financial services.“

E-sport

“Speedy account opening, good service, customer centric, praise worthy.“

Open your business account in as fast as 1 working day¹.

Terms and conditions

Common questions

A business account is a bank account opened in the company’s name that is used for processing day-to-day business receipts, payments to suppliers, payroll for employees and other business expenses like office rents and utility payments. Any records of income and expenses processed through a company’s business account will be used for filing tax returns.

To apply for an OCBC SME Business Account, your business must meet the following requirements:

• Is a Hong Kong (HK) registered company
• Business owner must have a HK permanent resident ID card
• Have a sole proprietor; Partners or up to 2 directors; single layer ownership
• Incorporated with a local UBO (Ultimate Beneficial Owner)

Please refer to the Online Business Account Opening guide to identify the documents required.

The OCBC SME Business Account is also your Multi-Currency Account, offering you the ability to store up to 15 currencies in one account. It also lets you access business banking services, such as bulk payroll, accounting, business loans, business insurance, business debit cards and more. With an OCBC SME Business Account, you can easily file tax returns with existing business transaction records. It will help avoid confusion with income and expenses from your personal account and make organising business expenses easier.

There are no charges to open an OCBC SME Business Account from now till 30 September 2024. Please refer to the Terms and Conditions Governing the SME Business Account Welcome Offer. This offer is exclusively available to customers who utilise digital banking services.

For other fees and charges, please refer to our Business Account Pricing Guide and Business Account Terms and Conditions for more details.

Once you have opened your SME Business Account successfully, you may access our business internet banking platform, OCBC Velocity, with no extra charges.

You will get your OCBC SME Business Account in as fast as 1 working day¹.

The Bank will send out a welcome email using the Bank’s email account (noreply-hkbiznotifications@ocbc.com) to the company email address provided in the application form. For security reasons, the email will be encrypted. You are recommended to open the email on a computer to ensure smooth access.