Ocbc Card Activation: Fill & Download for Free

The millionaires and the billionaires of the world hold some pretty fancy cards. Also, these cards are more like status symbol and mostly “By-Invite” only.Let us look at some of the top-end cards across the world, held by the “1% of the 1%” !Disclaimer: Most card companies / banks offering these cards maintain silence around the features and benefits. Hence, I have tried to collate from various sources and updated it here. There is a possibility that features may have changed or will change.Following are some of the most-premium cards in the world which I have covered in detail below:Sberbank Visa Infinite Gold Card (Fee = $100,000 )American Express Centurion Card (Also called “Black” card)Dubai First Royale MastercardCoutts World Silk Card (Coutts is the Bank to the Royals of UK)JPMC Reserve Card (earlier called JPMC Palladium Card)Stratus Rewards Visa CardCiti Chairman CardFurther, there are certain other cards that also cater to the Ultra-HNIs but ma be with slightly less premium features like:DBS Insignia Visa Infinite CardEurasian Diamond Card Visa InfiniteCitibank Ultima CardBank of Singapore Visa InfiniteUOB Reserve CardRoyal Bank of Canada Private Bank Visa InfiniteSantander Unlimited Black CardNatWest Black MasterCardOCBC Elite World CardHowever, I have not covered them in much detail here in the post.Sberbank Visa Infinite Gold Card (World’s Most Expensive Card)This card, made with pure gold, diamonds and mother of pearl, costs $100,000 and is considered the most expensive card in the world.The production of the credit card costs about $65,000 while the remaining $35,000 is charged as an annual fee.The card is made of gold and has 26 diamonds.The Sberbank Visa Infinite Card is issued by the Kazakh branch of Sberbank.It is believed that only 100 of Russia’s richest millionaires own this credit card.It does not even have a magnetic strip.In addition to the golden credit card status, credit card holders also benefit from:A Life insurance policy with $ 250,000 in insurance,Exclusive 24X7 concierge serviceVIP access to the world’s top golf clubsLuxury & Exotic travelFaster airport check-inAmerican Express Centurion Card (Amex Black Card)I had already written about this card before for India here. Arguably the card that started it all and known to be the epitome of status symbol.Let me try to mention some key features here:It is a considered a truly no-limit card, with no defined upper limit for spending on this card.However, as someone pointed out in an earlier post lets not expect someone to buy something which may be more than the company’s worth.However, there has been known single swipe of more than $175m on this card, so quite a limit you can use.The card is made of Titanium. It is pretty heavy and looks really classy.FEESIt has a joining fee of $5,000 and annual fee of $2,500.However, there have been instances where the fee has been reduced or varied.Dedicated 24x7 Anytime-Anywhere-Anything Concierge and travel agent.Funfact: Rumour has it that Amex got one its agent to go down to the Black sea to bag a handful of sand, only because one of its customer in UK demanded it for his son’s school project. Quite remarkable ;-) !!These ultra HNI cardholders get complimentary memberships to numerous airport clubs and other chains like:Hilton Hotels Diamond membershipAccor Hotels Platinum membershipShangri La Inner Circle Gold membershipBritish Airways Gold Membership, andEtihad Airways Gold membershipElite Status at Delta AirlinesCar Rental Elite statusMost of these can keep changing with newer partners being added and can be known only when one holds that card.Complimentary upgrade to first-class seats on booking business class seats (mostly) in most flights along with Meet & Greet service is another known benefit.Complimentary travel tickets for companions & unlimited lounge accesses across the globeFree nights at select hotelsComplimentary add-on Amex Platinum cards and access to invite-only eventsComplimentary golf / spa sessionsIt is also said that Amex Concierge can arrange a table for you at some of the best restaurants even at the last minute, if you are a Amex Black Card holder.Dubai First Royale MastercardUndoubtedly it can be considered as one of the most desirable and prestigious cards in the world. The Dubai First Royale MasterCard is trimmed in real goldwith a 0.235-carat diamond embedded in its center.Features:According to the bank, the card gets you a “dedicated relationship manager” who provides “royal lifestyle management”. You name it, they get it !!The card is rumored to have no credit limit and zero restrictions.As per one of the bank’s representative - “Whatever he or she wants to swipe it on, the transaction must go through. If the client likes a yacht on holiday, he or she should be able to buy it”.The joining fee is undisclosed. However, it is touted to be around 7,000 Dirhams (around $2,000) and you need to be a Ultra-HNI from UAE or someone from royal family to be invited.To be invited, you need to have a $1,000,000,000 in your account. Isn’t that an obscene amount to have?Not much is known in terms of offers on this card though !!Coutts World Silk CardCoutts Bank is known to be the Bank to the Royal Family in UK. Hence, Coutts World Silk Card is therefore suitably exclusive and rare.The exclusivity of the bank can be identified from the fact you need at least £500,000 in cash or £ 5,000,000 in assets, just to open a Coutts account.Features:You need to maintain $1,000,000 in your Coutts account to be eligible for Invitation.It is a charge card24x7 Concierge service, in over 20 languagesExtensive worldwide travel insuranceLoungeKey Lounge Access Program (ACCESS IS NOT FREE)Lounge access to more than 700 exclusive airport lounges connected to LoungeKey.However, the surprising bit is flat rate of £15 per visit is applicable for cardholder as well as any guest. So Lounge access is NOT FREE !!Exclusive offers from well known retailers (across the globe) through Coutts Travel Rewards0% non-Sterling Transaction FeesThe 2.75% Non-Sterling Transaction Fee applicable to transactions in currencies other than sterling is waived off on the Silk Card.‘Thank You from Coutts’, the rewards programmeWhile this is a card in UK, the ultra-HNIs in US and across the globe have accounts in Coutts and hold this card.JP Morgan Chase Reserve Card (earlier know as JPMC Palladium Visa Credit Card)If you hold a AUM of $10 million or more with JP Morgan Chase Bank, you are eligible for the card, which has been touted as the “card for 1% of the 1%”.Features:One of the first U.S. credit cards to adopt EMV smart chip technology.Card is made of actual palladium, brass and gold.The card weighs approximately 1 ounce or 28.35 grams, five times the weight of a conventional plastic credit cardFEESIt had a joining fee of $595 which was revised to $450 in 2016 post re-branding.However, there have been instances where the fee has been reduced or varied.Complimentary Airport lounge membershipsVisa Infinite Platform, the highest Visa level available, along with Visa Infinite benefits like:24/7 concierge servicesHotel and car rental upgradesPriority Pass access, andA $100 Global Entry fee creditThere is no preset limit on this cardAlso operates as a hidden trade line where client usage activity is not reported to any credit reporting bureau. Some may feel this is to be a little tricky but that’s how it is.No fees for foreign transactions, late payments, returned payments, cash advances etc. However, you ought not to make that late payment into a default.High-quality travel protections and insurance on the cardStratus Rewards Visa CardWhile most exclusive cards are called ‘Black’ cards, Stratus defied tradition and launched its own White Card, though with similar high-end offerings.This “white card” is for the ultra-rich people who really aren’t fond of just special airport traveler lounges and flight upgrades on commercial airlines but those who prefer to only go by private jets. Gulp, too much money in the world !!Features:By invitation onlyTo get the Stratus Rewards, you have to be invited either by existing members or recommended by their merchant partners.It is rumored that you must spend at least $1,00,000 an year at the merchant partners to nab an invite.Some of the rumored partners are:Marquis JetZino PlatinumVivreMarco Polo Club from Abercombie & KentNota BeneGotham MagazineElite TravelerLA Confidential etc.Automatic enrollment in Club 360 rewards of StratusAnnual Fee of $1,500, which allows one the opportunity to earn points redeemable for private jet travel via MarquisJetEven a secondary / Add-on Card is chargeable at $500 per year.Another interesting feature / rumor is that you can pool your pointswith friends, meaning you could all chip in on a private jet ride together. (Well you sure are to have such friends when you can afford this card)Citi Chairman CardThis card is only by-invite again and for Citigroup private bank customers only. It is a pitch black card, beautifully designed.Some of the known features are:Annual fee is pretty low at $500, as compared to other Ultra HNI cards.Complimentary Airport lounge membershipsApproximate limit of $300,000Access to member-only events24-hour concierge serviceTravel upgrades etc.Funfact: Citi also launched an Exclusive Credit Card, New Citi Chairman American Express Card in 2007, exclusively for Smith Barney and Citi Private Bank Clients. Reference news link here.WHAT MAKES THESE CARDS EXCLUSIVE?High Cost (Annual / Joining Fee)Exclusivity (Most cards are By-Invite Only)Unprecedented credit limitsConstructed of Rare Materials like Titanium, Gold, Diamond or Palladium24X7 Dedicated Concierge ServiceUnseen and unadvertised perksConclusion:If you look at the returns these cards provide, there are many many better cards available. However, these cards are status symbols, to prove that you are ‘1% of the 1%’.Most of us might not be able to get hold of one of these ultra-prestigious cards and can can only imagine the luxurious uses they get put to. However, there are some classy cards that once can hold without being a multi-millionaire which also provide good benefits.Please find the link where I have detailed the features of the various cards that I hold (in India of course) and maximize the benefits - Rahul’s CardsFeel free to connect with me for more answers and articles on Investments / credit cards here: Rahul_Jain

Living in Singapore as a student for almost a year, I would like to share a few tips.When you arrive Changi Airport,purchase a SINGTEL Prepaid SIM Card from Changi Recommends or STARHUB SIM Card from UOB Currency Exchange Counters located at arrival hall of all 3 terminals. Alternatively you may wish to purchase from 7–11 stores,Cheers or authorised SINGTEL and STARHUB shops.The MRT (Train) and Bus in Singapore are exceptionally well planned. It is economical,convenient and you can time yourself. An EZ link card would be required to use public transport and the same can be purchased from Changi Recommends at Changi airport arrival hall of all 3 terminals or from transit link ticket office of any MRT station.Download the ‘Citymapper Singapore’ and ‘SG Buses’ app that are very useful for public transport.If you would like to use a cab, I suggest to download UBER and GRAB apps and use UBER pool and GRAB share that allow you to carpool with another party heading in same direction. The local taxi ‘Comfort Delgro’ does not feature sharing of rides.Open a zero balance savings account in DBS or OCBC Bank with the help of your student pass.Buy groceries from NTUC FairPrice, ShengSiong and Giant.They are the best.Eat in Hawker Centers like Lau Pa Sat, that offers meals as low as 4 SGD. List of 5 best hawker centers in Singapore - The 5 Best Hawker Centres in SingaporeIn Golden Village cinemas, avail discounts with your student pass for movies before 6 pm from Monday to Thursday.Visit East Coast Park, there are myriad sporting activities such as beach volleyball, cycling as well as a Xtreme SkatePark. You can rent a cycle for 2 hours from Monday to Friday by paying only 6 SGD.You can enjoy your evening by renting a BBQ pit at ECP for approx 20 SGD.Watch ‘Wonder Full’ - Light and Water Show at Marina Bay Sands, Garden Rhapsody Light and Sound Show at Gardens by the Bay. Both are free of charge.If you are a nature lover, you should not miss the Southern Ridges Walk.It is one of the best spots in Singapore to catch panoramic views of the city, harbour and the Southern IslandsSource: Southern RidgesIf you like hiking and kayaking, explore the ‘MacRitchie Nature Trail & Reservoir Park’Source: MacRitchie Nature Trail & Reservoir Park, Kayaks and Paddles at MacRitchie Reservoir - Little Day OutWith the city skyline in background,you will enjoy kayaking at Kallang River.Source: Boat Rental | Singapore Sports HubSpend a day at Universal Studios at least once.If you are going to Sentosa Island, visit the Palawan, Siliso and Tanjong Beach.Drinking in Singapore is expensive but a few bars have great offers during their Happy Hours! There is really no better place to go and be at the heart of Singapore nightlife than the famous Clarke Quay. Drinking in public places is banned from 10.30 pm to 7 am.Visit Singapore Botanic Gardens - Singapore’s first UNESCO World Heritage Site - Entry is free.Marina Bay Waterfront Promenade is perfect for a walk or a jog during early mornings or sunset.Thank you for reading.Image Source: Google Images, Websites of respective attractions/places.

The ACRA requires that businesses in Singapore set up a bank account. It can get a little confusing given that there are so many options to choose from. We've ranked the top four banks in Singapore: DBS, Maybank, OCBC, and UOB as well as a great new solution: Transferwise. Jul 1, 2019So I have included below how to go about opening a corporate bank account, and then which banks are the best banks in Singapore. I hope this works for you. Thanks for your questionOpening a Corporate Bank Account in Singapore[Singapore companies have plenty of options when it comes to opening a corporate bank account. Most of the banks in Singapore offer attractive features such as multi-currency accounts, internet banking, credit cards, trade financing, freedom to move funds across countries, and more. Opening a corporate bank account in Singapore is a relatively simple and straightforward procedure. However, it is important to compare the corporate account's features of the various banks in order to select the bank that comes closest to meeting the particular needs of your company.The purpose of this guide is to provide an overview of the requirements for opening an account and will assist you in choosing a bank that best matches the banking needs of your company. The focus of this guide is on the banking needs of small to mid-size companies.Note that the information presented here is for general guidance only. Once you have narrowed down your choice to a few banks, you should confirm the account features with the respective bank(s) directly, to ensure you are aware of their latest policies and offerings. Banks operate in a very competitive environment and are periodically adjusting their offerings to remain competitive.Singapore Account Opening RequirementsIn general, most banks have the following requirements for opening a corporate bank account in Singapore:1) Many banks require that the account signatories and majority directors be physically present in Singapore for paperwork signing at the time of opening the company bank account. Some banks may accept the signing of documents at one of their overseas branches or in front of a Notary Public.2) Typically, the banks would require the documents listed below. Additional documents may be required by the bank on a case-by-case basis.Completed Corporate Account Opening Forms (signed by authorized signatories as per the board resolution)Board of Directors Resolution sanctioning the opening of the account and the signatories to the account (to be prepared by your company secretary)Certified True Copy of Resolution sanctioning the opening of the account and the signatories to the account (most of the banks have their own format and you just need to sign it)Certified True Copy of Certificate of Incorporation (must be certified by the company secretary or one of the directors)Certified True Copy of Company’s Business Profile from Company Registrar (must be certified by the company secretary or one of the directors)Certified True Copy of Company’s Memorandum and Articles of Association (MAA) (must be certified by the company secretary or one of the directors)Certified True Copies of Passport (or Singapore IC) and Residential Address Proof of the Directors, Signatories, and Ultimate Beneficiary Owners. If you are in Singapore, just bring the originals and the bank will make a copy.Local Banks in SingaporeFeatureFeatureDBSOCBCCan the account be opened without being physically present in Singapore?** Physical presence is strongly recommended for all the banks to avoid delays.No. The executive director and authorized signatory must be present, for a face-to-face meeting. However, some exceptions may be made on a case by case basis subject to the bank’s discretion.DBS Bank offers online applications where you can potentially skip the branch visit and save time – account verification can be done over Facetime/Skype or a phone call, subject to the bank’s conditions.No. The executive director and authorized signatory must be present, for a face-to-face meeting. However, some exceptions may be made on a case by case basis subject to the bank’s discretion.Singapore Dollar Current AccountSetup feeNoneNone. However, there is an account fee of S$38 per month (waived for 1st 3 months)Deposit requiredS$1,000 to S$3,000S$3,000Minimum balance requiredDBS Digital Business Account has no minimum balance requirement.DBS Business Account requires an average monthly balance of S$10,000, or S$35 monthly fee will apply.Average monthly balance of S$5,000 (waived for 1st 6 months). Thereafter, S$35 per month if monthly average balance falls below S$5,000.Debit cardYes, no annual fees. Earn 0.3% cash rebate on all charges.Yes, with S$5,000 daily cash withdrawal limit and with S$10,000 daily debit card transaction limit.Cheque bookS$25/book for DBS Digital Business Account.Free-of-charge with DBS Business Account.YesCredit cardYes, subject to approval**For local entities.No. Debit card available linked to SGD account.Internet bankingYes, free access. Inquiries, local payments, overseas payments. No max transaction amount limit (unless set by the customer). Full transactional capabilities on desktop and mobile app versions.Yes. Inquiries, local payments, overseas payments. No max transaction amount limit (unless set by the customer).Foreign Currency AccountForeign currency account availabilityBoth current account and fixed deposit account available in major currencies.Both current account and fixed deposit account available in major currencies.Initial deposit requiredVaries based on currency (For example, USD1,000 and EUR8,00).Varies based on currency (For example, USD1,000 and EUR1,000).Minimum balanceVaries based on currency (For example, USD1,000 and EUR800).Depends on the currency type, normally equivalent to US$500/EUR500.Cheque bookYes, for certain currencies.Yes, for USD.Debit CardYes.No.Internet bankingYes, free access. Inquiries, local payments, overseas payments. No max transaction amount limit (unless set by the customer). Full transactional capabilities on desktop and mobile app versions including DealOnline FX platform.Yes. Inquiries, local payments, overseas payments. No max transaction amount limit (unless set by the customer).Credit CardYes, subject to approval.No.Related ServicesBusiness InsuranceYesYesTreasury Services: FX Spots, Bonds, IR Swaps, FX Options, Futures, Forwards, etc.YesYesBusiness Loans**Generally the entity must have been in operation for a minimum of 1-3 yearsYes. The loan amount depends on factors such as company history, number of employees, local shareholding, etc.Yes. The loan amount depends on factors such as company history, number of employees, local shareholding, etc.Accounts Payable Services: cashier’s order, DD, TT, interbank GIRO payment, internal fund transfer, cheque issuance servicesYesYesAccounts Receivable Services: incoming TT, bill payment services, GIRO CollectionsYesYesLiquidity Management ServicesYesYesTrade Finance Services: Import Products, Export Products, Bank GuaranteesYesYesInternational Banks in SingaporeFeatureMaybank (FlexiBiz)Standard CharteredCitiBank (CitiBusiness)Can the account be opened without being physically present in Singapore?** Physical presence is strongly recommended for all the banks to avoid delays.We require face to face meeting for all authorized signatories in account opening as part of our due diligence process. However, in exceptional cases where one of the directors (not major shareholder nor authorized signatory) is unable to come to Singapore, we can arrange for the client to visit one of our overseas branches (London, New York, Hong Kong, China, Malaysia, Indonesia, Philippines, Cambodia, Vietnam, Laos & Myanmar) where they will assist to verify the documents and signature before sending back to Singapore for processing.No. The executive director and authorized signatory must be present, for the due diligence meeting with the bank officer. However, some exceptions may be made subject to the bank’s discretion – e.g. existing customers can go to the bank’s branch or appointed agent worldwide, for identification verification and due diligence teleconference.No. The executive director and authorized signatory must be present, for a face-to-face meeting. However, some exceptions may be made on a case by case basis subject to the bank’s discretion.Singapore Dollar Current AccountSetup feeNilNoneNilInitial deposit requiredS$1,000S$30,000S$100,000 or equivalent (USD equivalent for USD account).Minimum balance requiredNil.Average monthly balance of S$30,000; or S$50 monthly fee will apply.S$50,000 or S$100 monthly fee will apply (same applies for both SGD and USD account).*Minimum balance is based on total relationship balance rather than per account.ATM cardNo.No.Nil.Cheque bookYes.Yes.Yes.Credit cardYes^No. Debit card available (only linked to SGD).Corporate commercial cards available.Internet bankingYes.Yes. One-off setup fee of S$50 will apply.Foreign Currency AccountForeign currency account availabilityUSD, GBP, EUR, CAD, AUD, NZD, HKDBoth current account and fixed deposit account available in major currencies.Both current account and fixed deposit account available in major currencies.Initial deposit$1,000 (in respective currencies, except for HKD $10,000).US$30,000 (Varies based on currency).S$100,000 or equivalent (USD equivalent for USD account).Minimum balance$1,000 (in respective currencies, except for HKD $10,000).Varies based on currency.Average monthly balance of US$200,000 or S$200 monthly fee will apply*Minimum balance is based on total relationship balance rather than per account.Cheque bookFor USD only.For USD only.Yes.ATM CardNo.No.Nil.Internet bankingYes.Yes. One-off setup fee of S$50 will apply.Yes.Related ServicesBusiness InsuranceYes.Yes.No.Treasury Services: FX Spots, Bonds, IR Swaps, FX Options, Futures, Forwards, etc.Yes.Yes, depending on business activities.Yes.Business LoansYes. Generally, the entity must have been in operation for a minimum of 1-3 years.Yes. The loan amount depends on factors such as company history, number of employees, local shareholding, etc. Minimum 3 years of financial statements required.Yes. Subject to the bank’s assessment.Accounts Payable Services: cashier’s order, DD, TT, interbank GIRO payment, internal fund transfer, cheque issuance servicesYes.Yes.Yes.Accounts Receivable Services: incoming TT, bill payment services, GIRO CollectionsYes.Yes.Yes.Liquidity Management ServicesYes.Info not available.Yes.Trade Finance Services: Import Products, Export Products, Bank GuaranteesYes.Yes.Yes.^ Maybank provides a business credit card with the following criteria:Director(s) must be aged between 21 and 60; Company must be registered in Singapore (ACRA) with at least one local Director (Singaporean or Singapore PR); Company must be in operation for at least 2 years, with an annual sales turnover of at least S$200,000; If newly incorporated, alternative option is to apply for a business credit card fully secured via time deposit with the bank (Min S$10K limit).In SummaryAlmost all major banks of the world have their presence in Singapore. Banks are generally happy to open a corporate bank account for any company (whether Singapore or offshore) as long as the necessary paperwork is submitted and the banks are satisfied with the information provided for purposes of their internal due diligence.Need help to open a Singapore bank account?Hawksford offers unparalleled subject-matter expertise and comprehensive end-to-end support for all manner of establishing and managing a business in Singapore.FIND OUT HOW HAWKSFORD CAN HELPBest Business Bank Accounts in Singapore: DBS, OCBC, or UOB?BY: GORDON NG May 31, 2017Apart from its strict laws and multicultural society, Singapore is well known for its established and diverse financial sector. Ranked one of the most competitive financial centers in the world, the island republic is set to become even more attractive to businesses as it eagerly welcomes the digital age. While the Singapore government pushes the boundaries with its Smart Nation initiative, banks are taking the cue and becoming more innovative with their processes. This has resulted in the rapid growth of the FinTech industry, meaning that setting up a business entity in Singapore is now just a few clicks away.First things first: The sign-upWhere the general experience with opening an account is concerned, DBS wins hands-down. It takes 5 minutes to apply for a DBS Business Account from the DBS site, as opposed to waiting hours in a queue at OCBC and UOB. Applying for a DBS Business Account has been one of my favorite banking experiences and it shows DBS’ commitment to being the best digital bank in the world.Between OCBC and UOB, I prefer OCBC, as you can arrange for a meeting with your assigned Relationship Manager (RM) to get your documents done. Nonetheless, both OCBC and UOB require you to be present to sign thick stacks of documents. With DBS on the other hand, everything is done online and the paperwork is minimal. Even better, it’s system can connect to ACRA and retrieve your company’s information to autofill some of the fields. How useful!Look through the slides for a general feel of DBS and OCBC’s digital platformsUser-friendlinessComing from an HR tech company, I naturally paid attention to the user interface and user experience (UI/UX) of the different platforms as well.In my opinion, OCBC Velocity has the best UI/UX, followed by DBS IDEAL and lastly, UOB BIB Plus. OCBC’s previous design had too many unnecessary steps on their platform, and after a revamp around 2014, the whole experience has become very pleasant. The system takes you from A to B within a few clicks, whether you’re transferring funds or disbursing salaries. DBS IDEAL hasn’t changed much since it was launched, but I must applaud their new digital token product, which you can access on your mobile phone. That has saved me the hassle of carrying a token everywhere I go. As for UOB BIB Plus, the system was not intuitive enough, and that meant having to fill in many fields and select from many drop-down menus to get my work done.How the DBS IDEAL digital token worksCost comparison of digital business accountsIn an effort to streamline their operations and cut down on manual work, the banks have implemented a new generation of business accounts. DBS started a fully online digital business account called DBS Digital Business, which eliminates any manual transactions. OCBC and UOB followed with their own versions of digital accounts shortly after:Making the best choice for yourselfHaving tried out all three platforms, I’d say DBS and OCBC have the best UI/UX and setup processes, with DBS edging out the rest thanks to their speedy setup time and digital mobile token. I also had a pleasant experience with the customer service representative at DBS when I opened a business bank account with them. What has your experience been like so far, fellow entrepreneurs?