OCBC Wing Hang Bank Account Type

OCBC Wing Hang Bank offers various types of accounts tailored to meet the needs of both individual and corporate clients. The primary account types include:

• Personal Accounts: Designed for individual customers, these accounts provide basic banking services such as deposits, withdrawals, and online banking access.
• Corporate Accounts: Aimed at businesses, these accounts support a range of corporate banking services, including cash management, trade finance, and international payments.
• Savings Accounts: These accounts offer interest on deposits, allowing customers to save while maintaining access to their funds.

The minimum balance required for opening a personal account is €1,500, while corporate accounts may require higher initial deposits depending on the specific banking package chosen.

OCBC Wing Hang Bank Broker Account Opening Process

Opening a broker account with OCBC Wing Hang Bank involves several steps:

• Documentation Preparation: Gather the necessary documents, including corporate documents for business accounts and a copy of the passport for individual accounts.
• Initial Deposit: For corporate accounts, an initial deposit of €20,000 is required, while personal accounts may start from €990.
• Application Submission: Submit the completed application form along with the required documents to the bank.
• Verification Process: The bank will review the application and documents, which typically takes around 10 business days.
• Account Activation: Once approved, the account will be activated, and clients can access their accounts through internet banking, mobile banking, or in person.

The account opening process is designed to be straightforward, but clients are encouraged to consult with bank representatives for any specific requirements or additional assistance.