Opening a dedicated banking account is one of the milestones when starting a business. Designed with SME business owners in mind, the OCBC eBiz Account helps you manage funds, process transactions, and provide a foundation for future growth and prosperity.

Today, you no longer have to endure long queues and tedious paperwork at a bank just to open an account. With the OCBC eBiz Account, if your firm has not more than 2 directors / partners or is a sole proprietorship, the process is completely online with no paperwork required, offering you a hassle-free experience from start to finish. What’s more, its low deposit requirement of just RM500 makes it accessible and affordable for more modest businesses to establish their financial foundation swiftly and effortlessly.

Advantages of the OCBC eBiz Account

The OCBC eBiz Account comes with complimentary digital tools, such as OCBC Velocity (Business Internet Banking) and OCBC Malaysia Business Mobile Banking app, allowing you to manage your account and transactions conveniently while on-the-go. Additionally, OCBC Velocity provides a set of financial management tools, including cash flow management, sales e-invoicing, and bill e-invoicing, enabling you to make insight-driven decisions and run your business more efficiently. You will also receive a Business Debit Card for your everyday business spending without any registration fee and annual fee.

Moreover, the account also offers add-on solutions to further enhance your business operations, such as contactless collection solutions with OCBC Merchant Terminal and QR collections with OCBC OneCollect. With OCBC OneCollect, you can access local transactions through DuitNow QR, and cross-border SGD transactions with PayNow QR. Account holders can also opt for FX Online to view live FX rates and book contracts instantly via OCBC Velocity.

As an all-in-one business account for SMEs, the OCBC eBiz Account empowers you to take full control of your finances, allowing you to focus on what you do best — driving your business forward. If you’re interested in setting up an account for your business, here’s a guide on how to apply in just a few easy steps.

Before you begin, you will need to prepare three things: 1) your MyKad, 2) Suruhanjaya Syarikat Malaysia (SSM) Business Registration Number and latest SSM report, and 3) an image of your signature.

Let’s Get Started

1. Submit an online form

To begin the application process, head over to the OCBC Malaysia website and click on “Apply Now”, which will lead you to an online form. You’re required to perform an OTP authentication, followed by filling in your company details including your Business Registration Number. To complete the process, you will also be required to upload an image of your signature, or you can sign digitally if you’re using a mobile device.

The estimated total time required to complete the online application form is less than 15 minutes.

2. Verify your identity via eKYC portal

After submitting the online form, you will be required to perform self- identity verification through the eKYC verification portal.

Along the process, you will be asked to scan both the front and back of your original MyKad (dual-image) and take a selfie video. The entire eKYC verification process may be completed in 3 to 5 minutes.

3. Activate your account

The final step is really simple. Just perform an online credit transfer to activate your account, and congratulations, you’re all set!

Building your business with a dedicated banking account, such as the OCBC eBiz Account, is ideal to better business financial management and you also gain complimentary benefits tailored specifically for SMEs. 

Apply for the OCBC eBiz Account today and let your business set sail with a reliable financial anchor to navigate the waves of opportunities and challenges ahead. 

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• Business Banking
• Mobile Banking
• OCBC
• OCBC eBiz Account
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