OCBC FRANK Account
- Key Features
- Reviews (216)
- Discussions (0)
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4.7
216 reviews
Claimed
This product is managed by OCBC Bank.
Summary
OCBC FRANK Savings Account Review 2024
OCBC FRANK is a simple "stash-and-park" type of Savings Account, suitable for students or individuals with no income.
Product Page Transparency
- Claimed in October 2020
Account Features & Details
1) Key Features
- Earn up to 0.30% p.a interest rateÂ
- Instant sign-up when you apply online with MyInfo
- 60 funky OCBC Frank Debit Card designs to choose from
- Earn up to 1.00% cashback on selected merchants for fast food, online shopping, convenience stores, and transportationÂ
2) Interest Rate
- Base interest rate: 0.05% p.a
- Maximum interest rate: 0.30% p.a
- First S$25,000: 0.10% p.a
- Next S$25,000: 0.20% p.a
- Above S$50,000: 0.05% p.a
3) Eligibility
- Age: 16 to 26 years old
- Citizenship: Singaporeans, PRs, and Foreigners
- No minimum initial depositÂ
4) Fees
- Initial deposit: S$0
- Minimum average monthly balance: S$0
- Fall below fee: S$0
- Monthly service fees: S$0
5) Application Process
How to apply?
- Apply online through OCBC’s website
- For Singaporeans and PRs, you may apply through SingPassÂ
- For Foreigners or customers who do not have SingPass, complete an online form to apply
Supporting documents
- Singaporeans or PRs
- NRIC
- Documents that prove residential address: Phone bills/ Utilities bills/ Bank statement/ Income Tax Notice of Assessment - Foreigners
- Passport with 6 months validity
- Employment Pass, S Pass, or Student Pass
- Documents that prove residential address or valid government correspondence showing your residential address from last 3 months
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Summary
OCBC FRANK Savings Account Review 2024
OCBC FRANK is a simple "stash-and-park" type of Savings Account, suitable for students or individuals with no income.
Product Page Transparency
- Claimed in October 2020
Account Features & Details
1) Key Features
- Earn up to 0.30% p.a interest rateÂ
- Instant sign-up when you apply online with MyInfo
- 60 funky OCBC Frank Debit Card designs to choose from
- Earn up to 1.00% cashback on selected merchants for fast food, online shopping, convenience stores, and transportationÂ
2) Interest Rate
- Base interest rate: 0.05% p.a
- Maximum interest rate: 0.30% p.a
- First S$25,000: 0.10% p.a
- Next S$25,000: 0.20% p.a
- Above S$50,000: 0.05% p.a
3) Eligibility
- Age: 16 to 26 years old
- Citizenship: Singaporeans, PRs, and Foreigners
- No minimum initial depositÂ
4) Fees
- Initial deposit: S$0
- Minimum average monthly balance: S$0
- Fall below fee: S$0
- Monthly service fees: S$0
5) Application Process
How to apply?
- Apply online through OCBC’s website
- For Singaporeans and PRs, you may apply through SingPassÂ
- For Foreigners or customers who do not have SingPass, complete an online form to apply
Supporting documents
- Singaporeans or PRs
- NRIC
- Documents that prove residential address: Phone bills/ Utilities bills/ Bank statement/ Income Tax Notice of Assessment - Foreigners
- Passport with 6 months validity
- Employment Pass, S Pass, or Student Pass
- Documents that prove residential address or valid government correspondence showing your residential address from last 3 months
OCBC FRANK Account
OCBC FRANK Account
Up to 0.2% p.a.
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$0
MIN. AVG DAILY BALANCE
Reviews (216)
4.7
216 Reviews
5
167
4
34
3
14
2
0
1
1
Service Rating
Customer Support
4.6
Ease of online banking
4.8
High to Low
06 Jun 2021
Purchased
OCBC FRANK Account
The revised rules for cashback rebates is great! I've been receiving $40-$50 on my spendings. To maximise the rebates, I will keep track of my online spending to make sure that I don't exceed $416, due to the cap of $25 (6%). Anything above that, it's only 0.3%. Then I will switch to other cards e.g. Amex True Cashback for 1.5%0
What are your thoughts?Posted 2d ago
Purchased
OCBC FRANK Account
Hello everyone, I am only doing this now because this was exactly how I saw a recommendation post about Mrs Maria Renee and decided to risk it again. She has been fantastic with her trading and she has so far been able to help me recover my previous lost, i and my family are forever grateful to her, thanks for your help and will keep praising and recommending you. Anyone interested in Cryptocurrency trading should dm her or send her a message on her WhatsApp to get started, Her WhatsApp number+1 443-561-45980
What are your thoughts?Posted 3d ago
Purchased
OCBC FRANK Account
Woww!!!... i can not keep this great joy in my heart anymore I am still looking at my bank account with amazement. I traded with $1000 and got my withdrawal of $9600 in binary trading and mrs Maria Renee is my trading expert. she's a legit broker and đź’Ż trusted. Her platform is legit and secured. I never believed receiving my profit until it hit my bank account. I must say she is the first expert to pay me profit. I will forever be grateful to you ma because you stood to your words. Contact her via. WhatsApp: +1 443-561-45980
What are your thoughts?Posted 6d ago
Purchased
OCBC FRANK Account
Mrs Maria Renee made the impossible possible! Recovering $377,582 seemed like a distant dream, but her expertise turned that dream into reality and always helping me on my trade I made good profit. I highly recommend her service inbox privately on ‎whatsapp+1 443-561-45980
What are your thoughts?Posted 02 Jan 2025
Purchased
OCBC FRANK Account
Yesterday, I confirmed the recovery of my scammed coins.. I just want to put this out there that this is possible and not a miracle.. I was scammed of $35,000 btc and I was blocked off the account.. It was a problem for me, not being able to access my money and my account regardless of speaking to the help service SCHWARTZ RECOVERY HACKERS. Thanks to schwartzsoftwarehackingprogram at gmail dot com or +44 77 41 26 48 51 WhatsApp. Today being 2nd January 2025 am a happy man for having all my funds back in my position SCHWARTZ RECOVERY HACKERS keep to there words and handle the situation with a good technology0
What are your thoughts?Posted 30 Dec 2023
[Others] So I just need a loan of 1000$ is there any chance your bank will me toh get it can you contact me ASAP0
What are your thoughts?Posted 02 Jun 2023
Purchased
OCBC FRANK Account
[Customer Service] Very friendly and kind, always looking out for anyone in need [Fuss Free] Nothing to worry about [Application Process] Overall a smooth process0
What are your thoughts?Posted 28 Mar 2023
Purchased
OCBC FRANK Account
This has worked for me really well i think it's a very good website tbh it's a very good website tbh0
What are your thoughts?Posted 20 Feb 2023
Purchased
OCBC FRANK Account
[Fuss Free] No frills account. Much better than a usual ocbc account as it is expected to maintain at least $1000.0
What are your thoughts?Posted 06 Mar 2022
Purchased
OCBC FRANK Account
[Fuss Free] Have been using this card since I was a polytechnic student. Had not much issues and works just like any other debit card. [Salary Crediting] No issues here as well. Am using this card/account for salary crediting for almost 4 years now. [Interest] Not the best but I don't pay close attention to this either way.0
What are your thoughts?
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Change of Interest Rates for OCBC FRANK Savings Account
OCBC will be charging its revised rates for OCBC FRANK Savings Account from 2 May 2020. This change will affect the range of total account balance and interest rates for the highest tier balance amount.
OCBC FRANK Newest Interest Rates for 2021
- First S$25,000: 0.10% p.a.
- Next S$25,000: 0.20% p.a.
- Above S$50,000: 0.05% p.a.
All these changes are illustrated in the table below
Account Balance | FRANK Account Interest Rates |
|---|---|
First S$10,000 | 0.10% p.a. |
Next S$25,000 | 0.20% p.a. |
Amount above S$50,000 | 0.05% p.a. |
How to maximise the interest rate for OCBC Frank Account?
- Get 0.10%p.a. for the first S$25,000
- Get 0.20% p.a. for the next S$25,000
- Get 0.05% if your total account balance is above S$50,000
- To enjoy the best interest rates offered, it will be ideal to keep your account balance within S$50,000
Other Features of OCBC FRANK:
- Best Suited for Students who has yet to have an income
- FRANK is an all-in-one card that can multitask as your debit card, transport card and ATM card.
- Additional Promotion: Enjoy 1.0% rebate when you spend on shopping, food or transport with the OCBC FRANK Debit Card
- 120 unique card designs for 120 different personalities
- Contactless payment using mobile payments and Visa PayWave
Want to know how OCBC FRANK compares with other savings accounts? Here's a compilation of The Best Savings Accounts in 2020.
Terms and fees for OCBC FRANK Account
- Initial deposit: none
- Annual fees: waived
- Minimum Income: none
- Monthly Service Fee: Free if you are below 26 years old; S$2 per month if average daily balance for the month falls below S$1,000, if your are 26 years old and above
Eligibility: who can apply for OCBC Frank?
- Citizenship status: Singaporeans, PRs and Foreigners
- Minimum age to open an account: 16 years old
How to apply for OCBC Frank?
- Apply Online via OCBC FRANK's website or Visit OCBC branches
- For Singaporeans or PR, Prepare relevant documents of NRIC. For foreigners, documents like passport, and Employment Pass/ Special Pass / Student Pass.
Contact us at [email protected] should you require any assistance or spot any inaccuracies.
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