Go cashless everywhere with the OCBC nuon Debit Card’s contactless functionality. Wave at more than 400,000 merchants nationwide. And if you really, really need cash. This deposit is an eligible deposit insured by Malaysian Deposit Insurance Corporation (PIDM). PIDM insures eligible deposits for up to RM250,000 per depositor per bank. The RM250,000 limit includes both the principal amount of a deposit and the interest/ return. These services include cash deposits, cash withdrawals above the daily ATM withdrawal limits, simultaneous cash and coin deposits, updating of customers’ personal details, and account- and card-related requests. With all these time-saving upgrades, OCBC Bank customers can look forward to spending less time queueing at the bank. You do not have an account or product with OCBC. You may instantly apply for a deposit account here, or get a credit card here. You do not have a NRIC or FIN record with OCBC. You can only use SingPass login if we have a record of your NRIC or FIN. OCBC Securities Private Limited. Customer A, who provides a cash deposit of S$50,000, purchases up to S$175,000 worth of securities as shown in the table below.
Today, OCBC Bank announced that it will now let customers withdraw cash at ATMs by scanning a QR code using the OCBC Pay Anyone app.
In the press release, OCBC Bank reported that while mobile banking usage has tripled, there are still 3 million cash withdrawals being made each month at OCBC Bank’s ATMs – a figure unchanged from last year.
With the new initiative, the process of cash withdrawals will be also reduced from 80 seconds to under 45 seconds.
Customers will also need to authenticate the transaction via fingerprint, ‘faceprint’, or mobile banking login credentials, “a more robust security feature than a PIN number that can be revealed or stolen”.
Mr Aditya Gupta, Head of Digital Business, Singapore and Malaysia, OCBC Bank said: “We believe this completely reimagines a core service for which customers engage with the banks and will move the needle in making QR code payments mainstream in Singapore.”
To make a QR code cash withdrawal, customers will need to:
Step 1: Click on “Withdraw cash with OCBC Pay Anyone” on ATM screen
Step 2: Log into OCBC Pay Anyone app
Step 3: Scan the QR code on the ATM screen
Step 4: Select the amount to withdraw or key in your preferred amount
Ocbc Cash Deposit Machine In Singapore
Step 5: Cash is dispensed from ATM
Ocbc Cash Deposit Bugis
The service is now available on all OCBC Bank ATMs except 22 new ATMs which accept both coin and cash deposits.