What does OCBC mean in BANKING
Overseas Chinese Banking Corporation Limited (OCBC) or 外洋中華銀行, is one of the largest financial services groups in Southeast Asia with total assets of more than S$619 billion. OCBC has made its mark as a leading international bank and has its presence in 18 countries and territories around the world, including Singapore, Malaysia, Indonesia, Hong Kong, China and Australia. As a global leader in financial services and products, it offers banking products such as deposits, loans, cards, wealth management solutions and insurance to individuals and businesses.
OCBC meaning in Banking in Business
OCBC mostly used in an acronym Banking in Category Business that means Oversea Chinese Banking Corp
Shorthand: OCBC,
Full Form: Oversea Chinese Banking Corp
For more information of "Oversea Chinese Banking Corp", see the section below.
What Does OCBC Stand for?
OCBC stands for Overseas Chinese Banking Corporation Limited. It is a public company that operates as an investment holding company with operations across the Asian region through its subsidiaries. With over 80 years of history since 1932 in Singapore when it was established by Tan Sri Khoo Teck Puat from Malaysia and Mr Lee Kong Chian from Singapore.
What Does OCBC Offer?
OCBC offers a wide range of banking products such as deposits, loans, cards (credit/debit/prepaid), wealth management solutions and insurance for both individuals as well as business clients in 18 countries and territories around the world. Additionally, it provides trade finance solutions like cross-border transactions (import/export), supply chain financing which includes supplier finance solutions as well as foreign exchange services. Furthermore, it also offers corporate advisory services if needed.
Essential Questions and Answers on Oversea Chinese Banking Corp in "BUSINESS»BANKING"
What is OCBC Bank?
OCBC Bank is one of Singapore’s oldest and largest financial institutions. It provides banking products and services such as savings accounts, loans, investment products, credit cards, insurance, wealth management services, and more.
What are the advantages of banking with OCBC?
Banking with OCBC offers customers a range of advantages such as competitive interest rates on deposits, attractive privileges with selected credit cards, low cost insurance products, comprehensive wealth management solutions and convenient internet and mobile banking platforms.
What types of savings accounts does OCBC offer?
OCBC offers several types of savings accounts including the OCBC 360 Account which pays bonus interest when customers meet certain criteria; the FRANK Savings Account which charges no monthly fees; the Payroll Account which offers lower minimum deposit requirements; and the Insignia Account which comes with complimentary travel insurance.
How do I open an account with OCBC?
Opening an account at OCBC is easy. You can either apply online or visit a local branch to complete an application form. You will need to bring along your IC/passport for identity verification purposes in order to complete the process.
Does OCBC offer online/mobile banking services?
Yes, you can access your accounts anywhere anytime through the OCBC mobile app or via their website using your existing logins. These services provide 24-hour access to manage transfers between local banks, pay bills online quickly and easily as well view all your transactions at a glance.
Does OCBC offer loan facilities?
Yes, OCBC Bank offers financing facilities such as home loans, personal loans, debt consolidation plans etc. for customers who require additional funds for investments or any other purpose. The loan features competitive interest rates and flexible repayment terms tailored to each individual's needs.
How do I apply for a credit card through OCBC?
Applying for a credit card through OCBC Bank is quick and easy – simply visit their website or call them to learn more about their range of cards available and select one that suits your needs best. You will also need to fill out an application form which requires your IC/passport number & income details for approval purposes.
Is it safe to use my debit/credit card overseas?
All debit/credit cards issued by OCBC are protected by Visa Secure payment technology which ensures maximum security when used abroad – giving customers peace of mind when transacting online in other countries.
Are there any fees charged for money transfers with overseas banks?
Generally speaking there are no fees required when sending money overseas from Singapore if it falls within specific limits set by MAS (Monetary Authority of Singapore). However if you send more than this limit specified you may incur extra charges depending on the currency & destination country.
Does OCBC Bank offer business banking services?
Yes it does –OCBBank provides business owners with comprehensive solutions ranging from deposits & borrowings; trade finance & cash management services; foreign exchange & remittances solutions; leasing & hire purchase facilities as well as corporate card solutions.
Final Words:
Overseas Chinese Banking Corporation Limited (OCBC) is one of the largest financial institutions in South East Asia with operations across 18 countries all over the world offering a range of banking products ranging from deposits to loans to cards to wealth management solutions to insurance products. It aims to provide value-added services for all their customers through innovative products tailored to suit each customer’s needs while maintaining high standards of performance at all times.
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