Home / Bank Account Opening / Offshore Bank Account Opening / Set Up an Offshore Bank Account with OCBC Malaysia

Set Up an Offshore Bank Account with OCBC Malaysia

OCBC bank is a financial solutions provider that deals in consumer banking, international banking, investment management, and global treasury transactions. In addition, the OCBC group has various subsidiaries that handle insurance, regional stockbroking, financial futures, hotel and property management portfolios, and custodian services. The firm also has vast knowledge regarding financial markets operating in different geographical regions.

Availability:
Quantity:
  • Offshore Bank Account with OCBC
  • HeeJoe

OCBC bank is a financial solutions provider that deals in consumer banking, international banking, investment management, and global treasury transactions. In addition, the OCBC group has various subsidiaries that handle insurance, regional stockbroking, financial futures, hotel and property management portfolios, and custodian services. The firm also has vast knowledge regarding financial markets operating in different geographical regions.

 

1. OCBC Bank Malaysia

After being incorporated in 1994, OCBC Bank Malaysia has grown to become one of the country's largest foreign banks. It has a total network size of 46 branches, 33 of which are regular, while the other 13 are Islamic ones.

 

OCBC Bank Malaysia offers corporate and commercial banking services such as insurance, personal and business account opening, global treasury, and regional stockbroking, to name a few.


ocbc bank logo

 

2. Benefits of opening an offshore OCBC bank account

Opening an offshore OCBC business bank account will allow you to enjoy the following benefits:

  • Have an integrated account with access to over 15 currencies,      fixed deposit capabilities, and various tax-saving avenues.

  • The account also allows customers to review their portfolios      remotely, which helps manage and monitor cash flow and other financial      aspects associated with the account.

  • The accounts provide free alerts to customers regarding      incoming and outgoing funds and inward and outward remittances of      different amounts. The alerts also help customers to feel more secure      since they provide real-time updates on what is going on with their      accounts.

 

3. Documents required for opening an offshore OCBC bank account

Before opening an offshore OCBC business bank account, you will need to provide proof of ID, proof of address, and legal entity documentation. You will also have to describe your business regarding assets, revenue generation, and other such details so that the bank can verify the nature and legality of your firm before they can open an offshore account for you.

 

4. Costs associated with opening an offshore OCBC business bank account

An OCBC offshore business bank account offers a comprehensive convenience package to all its holders. It helps them to handle their international financial transactions easily. Also, it provides them with the opportunity to grow their investment portfolios through various avenues afforded to them by the bank.

 

The standard account charges associated with an offshore OCBC business bank account are RM250, 000, which is the initial deposit for the business signature, and RM50, 000, for business access. A further RM20 is charged as a monthly fee for account maintenance. One should note these charges apply to small and medium-sized enterprises.

 

5. The process of opening an offshore OCBC business bank account

In response to the outbreak of the COVID-19 virus, OCBC banks adopted the use of an online process when it came to opening accounts to make it easier for clients and corporations to bank with them on a global scale.

 

As a result, customers wishing to open an offshore business bank account can do using contact-free OCBC banking services via digital means such as submitting online applications and participating in video conferencing calls. In addition, various other transactions can also be done online, including submitting any documents required for account opening.

 

6. FAQs

Q1. Can you open an OCBC offshore banking account remotely?

Yes, you can. With the current COVID-19 situation, OCBC Bank Malaysia has made it possible for customers to submit their account opening applications online. Video conferencing can also be utilized when necessary depending on the situation. There is also a call center for the bank where customers can call in case of questions or difficulties setting up their accounts.

 

Q2. How long does it take to set up an offshore OCBC business bank account?

The duration period of opening such an account depends on how quickly you can submit your documents and pay the required fees.

 

Q3. What are the charges for opening an offshore OCBC business bank account?

Once you start the application process, OCBC Bank Malaysia will inform you how much you need to pay for your account to become active. In most cases, the prices will vary depending on what sort of account you want and if you wish to include any additional classes.

 

Q4. Can I use different currencies with by OCBC offshore bank account?

Yes, you can. Once you open the account and it is active, you will have access to over 15 currencies.

 


Subsribe Now     Get Email Updates about HeeJoe Company Incorporation Services

Social Links

Contact Us

 Skype: inquiry@heejoegroup.com 
 WhatsApp: +86-15920008484 
 WeChat: +86-15920008484 
 Add: Unit 2, 22/F., Richmond Comm. Bldg., 109 Argyle Street, Mongkok, Kowloon, Hong Kong

About HEEJOE

Our Services

CONTACT US
Copyright  2011 - 2021 HeeJoe Group. All Rights Reserved.  Sitemap