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SGD Savings Account



This is an interest bearing SGD passbook Savings account. Customer enjoys the flexibility to withdraw from the account at any time, ensuring maximum flexibility.

Product Features

SGD passbook Savings account.

Single or Joint account.

Initial deposit of SGD1,000 is required.

S$2 will be charged if the monthly average balance is less than S$2,000.

Easy access via ATM Card, BOC Internet Banking and Telephone Banking services.

Inward and Outward telegraphic transfers with China.

Attractive Personal Savings Account Board Rates.

Eligible Applicants

Singapore Citizen, Permanent Resident, and Foreigners with valid pass (Work Pass/ Student Pass/Long Term Visit Pass/Dependent Pass).

Application Requirements

Customers must be at least 15 years old.

Application Procedures

1. Online Application (For New-To-Bank customers): Click or tap “Accounts via MyInfo” on the main page of your Mobile Banking app.

2. Online Application (For existing customers): Click “Apply for an Account” on the main page of your Online Banking or Mobile Banking app after logging in.

3. Visit your nearest BOC branch with the necessary documents to open the account:

For Singapore Citizens and Permanent Residents, please bring along your original NRIC. For Foreigners, please bring along your Passport, Work Pass/Student Pass/Long Term Visit Pass/Dependent Pass (at least 6 months validity), and proof of address (e.g. bank statement/utility bills/mobile bills within 3 months etc.)

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$100,000 in aggregate per depositor per Scheme member by law. Please visit for full details.

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