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COVID-19: OCBC Bank To Close 22 S’pore Branches From April 9 To May 4


Following the federal government’s “circuit-breaker” measures to curb the unfold of Covid-19, OCBC Financial institution will probably be quickly closing 22 of its Singapore branches from April 9 to Might Four because it foresees diminished site visitors.

The branches that will probably be closed are: Bishan, Bukit Batok, Bukit Panjang, Metropolis Sq. Mall, Holland Village, Hougang, Jurong West, Kallang Wave Premier, Marina Bay Monetary Centre, North, NTU, NUS, Parkway Parade Premier, Paya Lebar Sq., Serangoon Backyard, SMU, Solar Plaza, Suntec Metropolis, Ubi, United Sq., White Sands and Woodlands.

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Regardless of the closure, the financial institution’s community of 1,200 ATMs — which incorporates the shared ATM community with UOB Financial institution — in addition to its digital banking options reminiscent of digital funds, will proceed to be totally operational.

OCBC Financial institution’s next-generation ATMs, which have been rolled out in 2018 and are actually obtainable at 23 branches, are in a position to operate as “mini branches” and might carry out 80 per cent of the most-frequently requested over-the-counter providers reminiscent of money deposits, money withdrawals above day by day limits, updating prospects’ private particulars in addition to account- and card-related requests.

From March 2020, OCBC Financial institution money cheques can be immediately encashed at these ATMs. This caters largely to the wants of SMEs.

Record Of OCBC Branches That Will Stay Open

To make sure that there will probably be not less than one department open within the proximity of each neighbourhood city centre, 24 branches will stay open, together with all 19 branches that supply Sunday Banking providers.

Picture Credit score: OCBC

All of its 5 branches with Protected Deposit Bins – Centre Department, Thomson Department, Sixth Avenue Department, Ang Mo Kio Department and Bedok North Department – can even stay open to permit prospects to entry their private gadgets and paperwork stored in these packing containers.

The Commerce Service Centres at OCBC Centre South and OCBC Tampines Centre 2 can even stay open.

The total vary of banking providers will proceed to be obtainable on the 24 branches which might be open, and there’s additionally no change within the department banking hours.

“Our prospects could be assured that, even with the short-term closure of those branches, we are going to make sure that we’re in a position to meet our prospects’ wants,” mentioned Sunny Quek, OCBC Financial institution’s Head of Shopper Monetary Companies, Singapore.

“We encourage our prospects to utilize our digital options to minimise their want to return into our branches. With out even needing to return to our branches, prospects can simply handle their money, entry wealth administration merchandise, apply for bank card functions, dwelling loans and private loans.”

Featured Picture Credit score: CapitaLand


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