FRANK Account

Saving before spending is a way of life

Manage your account on-the-go and save in style with the coolest card designs. No minimum deposit, no minimum balance.

Show me how to apply

Why use FRANK Account over others?

No minimum deposit, no minimum balance

You can open an account right now without having to put money in. You get higher interest rates of 0.2% to 0.4% per year on your savings. Regular savings account usually pays 0.05% per year.

It comes with the coolest debit card designs

Express yourself with over 120 free card designs. The card isn’t just a looker. It also comes with a lifetime annual fee waiver, NETS FlashPay for MRT and bus rides, or movie tickets, quick bites and more!

The simplest online and mobile banking experience

Keep track of your spending by categories, as well as set budgets and alerts via SMS / email. Set up sub accounts for your saving goals. You can also keep your spending in check by seeing how other people like you manage their money.



For customers below 30 years old. Terms and Conditions apply.

Use your fingerprint to check your bank balances with OCBC OneTouch on our Mobile Banking App.

Set saving goals that make automatic savings each month, and track your progress towards each goal.

Set up your Savings Goals online with your own pictures. Cash placed in your Savings Goals are locked in. You can release that cash anytime via Online Banking.

Set budgets and get alerts through SMS or email. Budgets are easy to stick to with SMS and email reminders. Every dollar counts when it comes to achieving your dreams.

Save for your dreams with the Frank Savings Goals. You are more likely to overspend, if you don't develop a habit of setting aside a specific amount of money as savings. Always pay yourself first.

People who write down their goals are 42% more likely to achieve them as compared to those who do not, according to a study conducted at Dominican University in California.

Find out how much people like you are spending and saving, and see where others like you put their money.

It does all the hard work of organising and categorising your spending, leaving you free to do the things you really want to do.

It gives you a big picture of all your assets and liabilities on one page.

Money In$ights automatically shows exactly where your money is going.

Manage your money on the go with Mobile Banking. Scan and pay bills immediately anywhere. Available on iPhone and Android.

Transfer funds and send money to anyone easily. Available on iPhone and Android.

Go paperless with e-statements. Download and store your e-Statements easily on your computer. You can retrieve your e-statements on Online Banking anytime, anywhere.


Let your personality shine with 120 unique card designs

Interest earned based on your account balance


FRANK rates 0.20%

per annum

S$10,001 - S$100,000FRANK ACCOUNT

FRANK rates 0.30%

per annum

S$100,001 - S$500,000*FRANK ACCOUNT

FRANK rates 0.40%

per annum

Regular Savings

Starts from 0.05%

per annum

*For balances above S$500,000, there will be no interest given because we believe that your money can work harder with other higher-yielding OCBC Accounts!

Fees and charges

No initial deposit is needed.
No monthly service fees if you are below 26 years old.

If you are 26 years old and above, there is a monthly service fee of S$2 if your average daily balance for the month is less than S$1,000.

Am I eligible for this FRANK Account?

You need to be 16 years old and above.
No minimum income is required.

What documents do I need to open an account?

For Singaporean/ Singapore PR:

  • If Existing OCBC customer
    1. NRIC only
  • If not existing OCBC customer
    1. NRIC
    2. (Only If mailing in application form)original Singapore phone bill/bank statement/utilities bill within the last 3 months showing residential address OR Income tax notice of assessment.
    3. If applying in person at branch, the proof of address is not required

For Foreigner residing in Singapore:

  • If Existing OCBC customer
    1. Passport with 6 month validity
    2. Valid student/long term/ employment pass
  • If not existing OCBC customer
    1. Passport with 6 month validity
    2. Valid student/long term/ employment pass
    3. Last 3 months documents showing residential address OR Income tax notice of assessment

How to apply

Apply Online

Sign up for your account online. You will be asked to choose your new debit card design.
Apply online now

Apply by Mail

Download the PDF form. Print and mail in the completed form with the required documents.
Download PDF Form

Visit a Frank Store

Visit any FRANK store and let our ambassadors guide you through the sign up process.
Frank store locations

More details about FRANK Account

Terms and Conditions
Automatic Standing Instruction
Online Banking
Insured Deposits Register
Fees & Charges
Deposit Insurance Scheme

Terms & Conditions

*Promotional interest rates are subject to change without prior notice.

^Based on a shared ATM network with UOB Bank.

Terms and Conditions for Salary Credit Promotion

S$50 Cash Reward will be credited to your salary crediting FRANK Account within 2 months after your first monthly salary is credited to your FRANK Account. A minimum monthly salary of S$1,400 nett per crediting transaction via GIRO is required to be eligible for the S$50 Cash Reward. S$50 Cash Reward will be awarded to the first 3,000 qualifying customers who do not have an existing salary crediting arrangement with OCBC Bank from 26 May to 31 December 2015. OCBC Bank reserves the right to claw back the Cash Reward in full if your salary credit is terminated within 6 months from the first salary credit transaction. Each customer is only entitled to receive one Cash Reward for salary credit. The eligibility of each customer to receive the Cash Reward shall be determined at the absolute discretion of OCBC Bank. The Cash Reward is not transferrable or exchangeable for other items. OCBC Bank reserves the right to replace the Cash Reward with any item of similar value. OCBC Bank reserves the right to waive/vary/amend any of these terms and conditions without notice. The decision of OCBC Bank on all matters relating to the promotion shall be final and binding on all participants.

Deposit Insurance Scheme

Singapore dollar deposits of non-bank depositors and monies and deposits denominated in Singapore dollars under the Supplementary Retirement Scheme are insured by the Singapore Deposit Insurance Corporation, for up to S$50,000 in aggregate per depositor per Scheme member by law. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.

Terms and Conditions for FRANK Debit Card Design Fee Waiver

  • Promotion is only applicable for new FRANK Debit Card sign-ups. Customer needs to fund his/her new FRANK Account/other account with at least S$20 cash to be entitled for the free card design & complete at least 1 transaction within the first two months from receiving the card.
  • Not valid for customers who closed their FRANK/OCBC Account within the past 6 months.
  • OCBC reserves the right at its sole and absolute discretion to replace any card design without prior notice.
  • OCBC Bank reserves the right to vary/amend any of these terms and conditions without prior notice. The decision of OCBC Bank on all matters relating to this offer shall be final and binding.