Name of the Organization : OCBC Bank
Type of Facility : Apply For FRANK Account
Country : Singapore
Website : http://www.frankbyocbc.com/products_account.html
Apply Online : http://www.frankbyocbc.com/frank-lightbox.html
Apply For FRANK Account :
** No initial deposit
** No monthly service fee if you are below 26 years old
Related : OCBC Bank Apply For FRANK Credit Card Singapore : www.statusin.org/7627.html
** Fast and convenient cash withdrawal at over 1,200 ATMs islandwide^
** Bank on the go via OCBC Online and Mobile Banking
Application requirements:
Eligibility:
** Applicants 16 years and above
** No minimum income is required
Required documents:
** Singaporeans & PR – Copy of NRIC (front and back)
** Foreigners – Copy of valid passport and Student Pass, S-Pass or
** Employment Pass
Why use FRANK Account over others?
No minimum deposit, no minimum balance :
** You can open an account right now without having to put money in. You get higher interest rates of 0.2% to 0.4% per year on your savings. Regular savings account usually pays 0.05% per year.
It comes with the coolest debit card designs :
** Express yourself with over 120 free card designs. The card isn’t just a looker. It also comes with a lifetime annual fee waiver, NETS FlashPay for MRT and bus rides, or movie tickets, quick bites and more!
The simplest online and mobile banking experience :
** Keep track of your spending by categories, as well as set budgets and alerts via SMS / email. Set up sub accounts for your saving goals. You can also keep your spending in check by seeing how other people like you manage their money.
Interest earned based on your account balance :
** First S$10,000FRANK ACCOUNT – FRANK rates 0.20% per annum
** S$10,001 – S$100,000FRANK ACCOUNT – FRANK rates 0.30% per annum
** S$100,001 – S$500,000*FRANK ACCOUNT – FRANK rates 0.40% per annum
** Regular Savings Account – Starts from 0.05% per annum
** For balances above S$500,000, there will be no interest given because we believe that your money can work harder with other higher-yielding OCBC Accounts!
Fees and charges :
** No initial deposit is needed.
** No monthly service fees if you are below 26 years old.
** If you are 26 years old and above, there is a monthly service fee of S$2 if your average daily balance for the month is less than S$1,000.
Am I eligible for this FRANK Account?
** You need to be 16 years old and above.
** No minimum income is required.
What documents do I need to open an account?
For Singaporean/ Singapore PR :
If Existing OCBC customer :
** NRIC only
If not existing OCBC customer :
** NRIC
** (Only If mailing in application form)original Singapore phone bill/bank statement/utilities bill within the last 3 months showing residential address OR Income tax notice of assessment.
** If applying in person at branch, the proof of address is not required
For Foreigner residing in Singapore :
If Existing OCBC customer
** Passport with 6 month validity
** Valid student/long term/ employment pass
If not existing OCBC customer :
** Passport with 6 month validity
** Valid student/long term/ employment pass
** Last 3 months documents showing residential address OR Income tax notice of assessment
Sign up for a FRANK Debit Card & Account:
You can sign up for a FRANK Account and Debit Card at the following locations:
Online:
You can download the application form from the apply button above. Print, complete and mail it back to us with the required documents.
Frank Store:
Please visit any FRANK Store
OCBC Bank Branches:
You can now apply at any of our 52 OCBC Bank branches too!
More questions to ask? Please email to contactus AT ocbc.com or call 1800 363 3333