OCBC Bank (Singapore)
retail bank
OCBC (Oversea-Chinese Banking Corporation) is the second-largest Singaporean bank by assets and one of the strongest-rated banks globally (Aa1 Moody's). Standard accounts are accessible to Singapore residents via Employment Pass / S Pass / Dependant Pass with in-person opening. Non-resident account opening is restricted but OCBC Premier Banking (SGD 200,000+ AUM) and Premier Private Client (SGD 1M+) tiers do onboard non-residents with Singapore visit. Multi-currency accounts cover SGD, USD, EUR, GBP, AUD, CAD, NZD, JPY, CHF, HKD, RMB. US persons accepted with FATCA compliance. Singapore's strong banking secrecy + AEOI compliance balance and the SGD's reserve-currency stability make OCBC a leading destination for Asia-Pacific wealth management.
Details
- Headquarters
- Singapore
- Currencies
- 11
- Monthly Fee
- Free
- Non-Residents
- Accepted
- US Persons
- Accepted
- Debit Card
- Available
- Business Account
- Available
Opening Requirements
- •In-person visit to Singapore branch
- •Singapore Employment Pass / S Pass / Dependant Pass / Long-Term Visit Pass (for residents)
- •Passport + secondary photo ID for non-residents
- •Proof of address (Singapore + home country)
- •Source-of-funds documentation
- •Initial deposit (varies by account type — Premier Banking SGD 200,000+)
Restricted Nationalities
Not available to nationals of: north-korea, iran, cuba, syria
Nationality Acceptance Matrix
Who this provider will and will not onboard. Refusals are listed first. Sourced from the provider's own published terms and recent public onboarding reports — confirm with the provider before applying.
| Nationality | Accepted | Notes |
|---|---|---|
| russia | NO | Onboarding paused post-February 2022 due to international sanctions exposure concerns. |
| singapore | YES | Full domestic service for Singapore citizens and PRs. |
| us | YES | US persons accepted with FATCA W-9 declaration. Premier Banking tier typical entry point. |
| china | YES | Mainland Chinese clients onboarded subject to enhanced due diligence on source-of-funds. |
Similar Banking Options
Options matched on type and jurisdiction — not a recommendation.
Related Guides
US expat tax checklist: FBAR, FATCA, PFIC, FEIE, GILTI
A neutral walk-through of the US tax obligations that follow American citizens abroad — what they are, when they bite, and how the mainstream planning around each one actually works.
Zero and low-tax residencies: the real list
Countries with zero personal income tax, territorial-only taxation, or special expatriate regimes — and what each one actually requires from you to qualify as a resident.
Exit tax: countries that charge you to leave
Country-by-country reference of departure taxes, deemed-disposition rules, and wealth-locking regimes that trigger when tax residency ends.