OCBC Group | Home | Login | SiteMap | Contact Us

Personal

Small and Medium Businesses

Corporate & Institutional

OCBC Al-Amin

Payments - Velocity@ocbc

Velocity@ocbc simplifies online payments. It can be used for a variety of day-to-day payment transactions listed below. Velocity@ocbc provides a user-friendly interface for data input, convenient lookup tables for reference, in-built check to ensure completion of mandatory i nformation fields and pre-designed templates to help with repetitive transactions.
Our bulk payment feature is a remittance instrument based payments solution to simplify the handling of regular payments made by your company. By subscribing to the bulk payment feature via Velocity@ocbc, it allows you to send your payment instructions (with full payment details) via the internet channel to OCBC for processing.

Next Steps :

Benefits

	Single instruction for bulk payment instead of signing multiple company cheques.

	Reduce Administration Costs as you outsource the tedious administrative tasks to OCBC Bank and thus reducing your non-core activities of printing and mailing of cheques.

	Transaction Warehousing is available to facilitate situations whereby the transaction will still be effected on value date even though the authorised signatories are away for business trips.

	Monitoring of cheque status . You will have access to monitor all payments made.

Cashier's order

This type of payment transaction is created in the local currency of the subscriber. The bank issues these payments in favour of the beneficiary as per the instructions received from the ordering customer. Click here for bulk payment feature (B.1.i.a.)

Telegraphic Transfer

In telegraphic transfer, the bank transfers funds from the ordering customer's account to the beneficiary's account. This is normally used for transactions in a foreign currency and when the ordering customer and the beneficiary are located in different countries.

Demand Draft

The banks issue drafts in a foreign currency as per the instructions received from the ordering customer. This is normally used for transactions in a foreign currency and when the ordering customer and the beneficiary are located in different countries. Click here for bulk payment feature (B.1.i.a.)

Internal Fund Transfer

In Internal Fund Transfer, account transfer from one OCBC Bank account to another OCBC Bank account and transfer of funds between two parties who are holding OCBC Bank accounts can be performed.

Next Steps

Call Us