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BANK PROFILE · Singapore

Bank of Singapore

Bank of Singapore Limited

Bank of Singapore Limited is OCBC's private-banking arm, a full Singapore bank whose services are dedicated to clients with over USD 5 million in investable assets. It is incorporated in Singapore under registration number 197700866R at 63 Chulia Street in OCBC Centre East, and operates under a full bank licence granted by the Monetary Authority of Singapore. It is a member of the Singapore deposit insurance scheme, which covers Singapore-dollar deposits up to SGD 100,000 per depositor per member and excludes foreign-currency deposits, structured deposits and investment products — a real limit at a bank that publishes its schedule in US dollars. That schedule is unusually complete for a private bank: an account service fee of USD 5,000 every six months where average month-end assets over the preceding six months fall below USD 5 million, custody at up to 0.25% a year subject to a USD 50 quarterly minimum, discretionary and advisory portfolio management at up to 2.0% a year, exchange-traded commissions at up to 1% with a USD 200 minimum, and published ceilings on the spread the bank may earn on bonds, structured notes, foreign exchange and precious metals. Investment services run from Discretionary Portfolio Management through Advisory Portfolio Management, which the bank reserves for family offices and ultra-high-net-worth clients, to self-directed trading in its Digital Services app. Financing covers marketable securities, real estate and insurance premiums; trust work sits with the wholly-owned BOS Trustee Limited; and a dedicated Independent Asset Manager model serves external asset managers, financial advisers and multi-family offices. The bank publishes no rating of its own — the Aa1 from Moody's and AA- from Fitch and S&P that it cites belong to OCBC.

Jurisdiction
Singapore
Regulator
Monetary Authority of Singapore (MAS)
Founded
2010
Headquarters
Singapore

01 · AT A GLANCE

OCBC's Singapore private bank, published for clients with over USD 5 million in investable assets

  • Full bank licence from the Monetary Authority of Singapore; incorporated in Singapore under registration number 197700866R
  • Services published as dedicated to clients with over USD 5 million in investable assets
  • Account service fee of USD 5,000 semi-annually where six-month average month-end assets fall below USD 5 million
  • Deposit insurance covers Singapore-dollar deposits up to SGD 100,000 per depositor, and excludes foreign-currency deposits and investment products
  • Custody up to 0.25% a year with a USD 50 quarterly minimum; discretionary and advisory management up to 2.0% a year
  • Dedicated Independent Asset Manager model for external asset managers, financial advisers and multi-family offices
  • No rating of the bank itself is published; the Aa1 and AA- grades it cites belong to parent OCBC
Minimum deposit

From USD 5,000,000The lowest documented entry amount among the bank's account and mandate products: Private banking relationship. Other products may require more.

Client segments

Private banking, Ultra high net worth, Institutional

Service languages

English, Chinese

02 · ACCOUNTS AND PRODUCTS

Documented accounts and products.

Custody account

Private banking relationship

The banking and custody relationship itself, with a relationship manager supported by investment specialists. The bank publishes its services as dedicated to clients with over USD 5 million in investable assets. No account-currency list is published.

Entry from
USD 5,000,000
Segment
Private banking
Discretionary mandate

Discretionary Portfolio Management

Portfolio management delegated to the bank, with a dedicated discretionary portfolio manager and flagship mandates of varying asset allocation set against the client's risk profile. No entry minimum for the mandate itself is published.

Segment
Private banking
Advisory mandate

Advisory Portfolio Management

Proactive investment recommendations under a portfolio-based asset-allocation process, with the client retaining control over implementation. The bank states it is suitable for family offices and ultra-high-net-worth individuals.

Segment
Ultra high net worth
Execution only

Self-directed trading

Trading in which the bank acts as the client's agent for exchange-traded securities, unit trusts and interests in mutual, private equity and hedge funds. Watchlists and orders across key exchanges are available in the Digital Services app.

Segment
Private banking
Other

Investment products

Exchange-traded securities, bonds, foreign exchange, structured products, derivatives, mutual funds and alternative investments, offered through investment specialists working with the relationship manager.

Segment
Private banking
Fund services

Alternative investments

Institutional access to private equity, private credit, hedge funds, real assets and co-investments through an open-architecture platform, selected under the bank's own due-diligence process.

Segment
Private banking
Lombard loan

Marketable securities financing

Lending against marketable securities to fund new investment opportunities or maintain portfolio diversification. Individual lending terms are not published.

Segment
Private banking
Mortgage

Real estate financing

Financing for new property purchases, refinancing, and equity release on unencumbered property across different locations. No loan minimum, rate or country list is published.

Segment
Private banking
Other

Insurance premium financing

Financing published for single-premium and fully paid-up insurance policies held by the bank's clients.

Segment
Private banking
Trust or foundation service

Trust services

Legacy and succession planning supported by BOS Trustee Limited, the bank's wholly-owned trust company. The trustee is a separate legal entity, so this establishes the group offering rather than trusteeship by the bank itself.

Segment
Private banking
Other

Family office advisory and governance

Guidance on setting up a family office, including structure, governance and succession components, alongside wealth planning for the family as a whole.

Segment
Ultra high net worth
Other

Independent Asset Manager model

Custody and execution for independent asset managers, external financial advisers and multi-family offices, who keep the investment advice and portfolio management for their own clients. The bank publishes a dedicated intermediary team, data feed, e-banking and online trading platform.

Segment
Institutional
Other

Physical gold

Physical gold bought and held for the client, priced through a spread on the transaction and an annual custody charge on market value. Withdrawal carries third-party custodian fees disclosed at the time of request.

Segment
Private banking

03 · WHAT IT COSTS

Published pricing.

ChargeAmountWhen it applies
Account service feeBelow-minimum charge
  • USD 5,000 per half-year
Applies when average balance falls below USD 5,000,000 over 6 months. Charged across the whole banking relationship, not per service. Charged where the average month-end assets under management over the six months preceding the end of the semi-annual cycle are below USD 5 million. Assets under management exclude derivatives contracts and property charged or mortgaged to the bank, and the bank may aggregate related accounts when testing the threshold..Schedule of fees and charges
Account closing feeAccount closure
  • USD 250
Charged once on closing the account..Schedule of fees and charges
Custody feeCustody
  • 0.25% p.a., min. USD 50
A ceiling rather than a standard rate, charged quarterly on the aggregate month-end value of securities from each month of the quarter, subject to a minimum of USD 50 (USD 54.50 including GST) per quarter. It continues to apply to securities lent to the bank, and a fixed custody arrangement agreed with a client supersedes it..Schedule of fees and charges
Unallocated precious metals custody feeCustody
  • 0.05% p.a., min. USD 10
A ceiling, equal to 0.0545% including GST, calculated on the daily market value held in the account plus custodian charges, subject to a minimum of USD 10 (USD 10.90 including GST) per type of precious metal..Schedule of fees and charges
Physical gold custody feeCustody
  • 0.6% p.a.
A ceiling on the market value of the physical gold held in the account. Withdrawal carries third-party custodian fees and other charges disclosed when the request is made..Schedule of fees and charges
Discretionary and advisory management feePortfolio management
  • 2% p.a.
A ceiling for both Discretionary Portfolio Management and Advisory Portfolio Management, equal to 2.18% including GST, payable quarterly on the value of investments as defined in the mandate. Transaction charges inside the mandate may apply in addition..Schedule of fees and charges
Primary market and IPO commissionTrading commission
  • 1%, min. USD 200 per transaction
A ceiling, equal to 1.09% including GST, subject to a minimum of USD 200 (USD 218 including GST). Third-party subscription or placement fees are charged separately and disclosed together as a single commission on the contract note..Schedule of fees and charges
Secondary market commissionTrading commission
  • 1%, min. USD 200 per transaction
A ceiling for exchange-traded products other than exchange-traded options, equal to 1.09% including GST, subject to a minimum of USD 200 (USD 218 including GST). Exchange, clearing and tax charges are passed on in addition..Schedule of fees and charges
Exchange-traded option commissionTrading commission
  • 2.4%, min. USD 250 per transaction
A ceiling on the gross premium of USD-denominated exchange-traded options, equal to 2.616% including GST, subject to a minimum of USD 250 (USD 272.50 including GST)..Schedule of fees and charges
Mutual and hedge fund subscriptionTrading commission
  • 2%, min. USD 375 per transaction
A ceiling, equal to 2.18% including GST, subject to a minimum of USD 375 (USD 408.75 including GST), and excluding any subscription fee the fund house charges. The bank may separately receive a trailer fee of up to 2.5% a year from the fund house..Schedule of fees and charges
Mutual and hedge fund redemptionTrading commission
  • 2% per transaction
A ceiling, equal to 2.18% including GST, excluding any redemption fee the fund house charges..Schedule of fees and charges
Private market fund placement feeTrading commission
  • 3%
A ceiling on the capital committed, equal to 3.27% including GST. The bank may also receive placement agent fees from the investment manager which it states are not quantifiable at the time of the transaction..Schedule of fees and charges
Withdrawal or transfer of securitiesOther
  • USD 100 per item
Administrative charge per counter, equal to USD 109 including GST, with third-party charges passed on in addition..Schedule of fees and charges
Fund servicing feeOther
  • 0.5% p.a.
A ceiling on the market value of the investment, equal to 0.545% including GST, charged in addition to subscription and redemption..Schedule of fees and charges
Private market fund servicing feeOther
  • 1% p.a.
A ceiling on the capital committed, equal to 1.09% including GST, charged each year in addition to the placement fee..Schedule of fees and charges
Primary market bond spreadOther
  • 1% per transaction
A ceiling on the mark-up the bank may earn on the notional amount when it deals as principal. For non-structured bonds the bank states it does not retain price improvement beyond this unless separately agreed, and it may receive an issuer rebate of up to 1% on non-SGD and 0.25% on SGD primary bonds..Schedule of fees and charges
Secondary market bond spreadOther
  • 2% per transaction
A ceiling on the mark-up the bank may earn on the notional amount when it deals as principal in the secondary market. Structured notes are priced separately..Schedule of fees and charges
Structured note spread, tenor up to two yearsOther
  • 2%
Ceiling on the one-time monetary benefit the bank may earn on the notional amount, for structured notes and structured warrants with a tenor of up to two years..Schedule of fees and charges
Structured note spread, tenor above two yearsOther
  • 5%
Ceiling on the one-time monetary benefit for a tenor above two years. A recurring benefit of up to 1.5% a year of notional or net asset value may also apply throughout the investment term..Schedule of fees and charges
Precious metals spreadOther
  • 1% per transaction
Ceiling on the mark-up the bank may earn on the notional amount of a non-physical precious metals transaction. Physical gold carries the same 1% ceiling on the transaction amount..Schedule of fees and charges
Premature termination of a fixed-term loan or time depositOther
  • USD 60
The bank notifies break costs case by case; only the published minimum charge is recorded here..Schedule of fees and charges
Foreign exchange spreadForeign exchange
  • 1% per transaction
Ceiling on the mark-up the bank may earn on the notional amount of a spot, forward or swap contract, and on non-deliverable forwards and swaps. Interest rate, cross-currency and other non-FX swaps carry up to 1% a year of notional instead..Schedule of fees and charges
Outgoing telegraphic transferOutgoing payments
  • USD 30 per transaction
Incoming telegraphic transfers are free of charge. Third-party fees are passed on where applicable..Schedule of fees and charges
Issuance of cashier's order, cheque or demand draftOutgoing payments
  • USD 30 per item
Depositing a cashier's order, cheque or demand draft carries the same USD 30 charge..Schedule of fees and charges
Non-SGD cash withdrawal over the counterCash withdrawal
  • 1% per transaction
Charged at a counter nominated by the bank. Singapore-dollar withdrawals are free of charge, and depositing cash in a non-SGD currency carries the same 1%..Schedule of fees and charges
Reprint of a past advice or statementStatements and documents
  • USD 30 per item
Per advice or statement, equal to USD 32.70 including GST. Retrieving a remittance document is USD 100 (USD 109 including GST) per document, an audit confirmation USD 50, and a bank reference letter USD 50 (USD 54.50 including GST)..Schedule of fees and charges

Figures are shown in the currency the bank publishes them in and are not converted. This is not a complete tariff — always read the full source document.

04 · SERVICES

What the bank offers.

“Not disclosed” means the bank does not state this publicly — it is not a statement that the service is unavailable.

Investment

  • Discretionary portfolio managementOffered
  • Investment advisoryOffered
  • Execution-only tradingOffered
  • Custody and safekeepingOffered
  • Private markets accessOffered

Banking

  • Multi-currency accountsOffered
  • Payment cardsNot disclosed
  • Foreign exchangeOffered

Lending

  • Lombard lendingOffered
  • Mortgages and property financeOffered

Planning

  • Wealth and estate planningOffered

Structuring

  • Trust and foundation servicesNot disclosed

Digital

  • Online bankingOffered
  • Mobile app
    • iOS
    • Android
    Offered

Card network and platform names are trademarks of their owners. They are shown to record what the bank publishes about its own products, and do not indicate any partnership, endorsement, or affiliation.

05 · SOURCES

Where these figures come from.

Only documents published or supplied by the bank are used. Nothing here is taken from brokers or comparison sites.

Next scheduled review: 11 March 2027. Bank tariffs change frequently — several institutions in this directory revised theirs twice during 2026.

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