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Frank Account + Debit Card

FRANK Account & Frank Debit Card

Simple, thoughtful and stylish – deposit account and debit card suited for students! Save when you spend on things you already love.

  • *NEW* - Receive and use your digital card instantly when you apply via MyInfo
  • Enjoy an interest rate of up to 0.3% per year
  • Choose from our selected stylish card designs and earn 1% rebate when you shop, eat and ride
APPLY NOW

The 1st stop for your money

Perfect for students

Let your FRANK Account keep your money growing while you focus on those grades.

  • Up to 4x more interest than regular savings accounts
  • No hidden fees
  • Opened with a FRANK Debit Card - over 60 designs to choose from!

For SMU Students: Get S$20 cash reward when you apply for a FRANK Account and Debit Card.

Find out more

  • S$0
    initial deposit

    Open the account with no initial deposit

  • S$0
    fall below fees

    For youths below 26 years old

  • 4x
    higher interest

    As compared to regular savings accounts

instant sign-up

Get your account and digital debit card instantly when you apply online via Myinfo

Easy to save

Set Savings Goals to save for your wish list using your mobile banking app

Learn more

How it works

An account that earns you up to 4x more than regular savings accounts

When it comes to saving, it's time to glo up from your regular savings account with more interest.

FRANK Account + Debit Card

Complement your account with the FRANK Debit Card

  • S$0
    Annual fees

    Only pay for the things you buy and nothing else

  • 60+
    card designs

    Choose a style you vibe with in our collection

  • 1%
    cashback

    Save when you shop at ASOS, Lazada and more

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SEE ALL CARD DESIGNS
Before you apply

  • Eligibility

    Min. age

    16 years old

  • Fees for FRANK account

    Initial deposit

    S$0

    Monthly service fees

    S$0

  • Fees for FRANK Debit Card

    Annual fees

    S$0

    Card design fees

    S$0

    Card replacement fees

    Waived for first 2 replacements within 12 months from the first card replacement

  • what to prepare

    Singaporeans or Singapore PR

    NRIC and an image of your signature
    Documents for new OCBC customer

    Foreigners

    Passport with 6 months' validity
    Employment Pass, Special Pass or Student Pass
    Documents for new OCBC customer

  • Letters

    You will receive electronic versions of Letters for all your relationships/accounts.

EXCLUSIVELY FOR SMU STUDENTS

CLAIM YOUR S$20 CASH REWARD!

Get S$20 cash reward when you apply for a FRANK Account and Debit Card by 31 March 2024. Limited to first 1,000 eligible customers per month.

Terms and conditions apply.

Get your account running instantly

No Singpass account? Let us guide you through the application process from start to finish.

FAQ

See all FAQ

  • Can I open a FRANK Account in Joint Name?

    No. FRANK Accounts are not available under joint account holdings.

  • What happens when I turn 26 years old?

    Once you turn 26 years old, there is a service fee of S$2 if the average daily balance for the month is less than S$1,000.

  • Why is there a hold amount & breakdown of amounts?

    If you've used your debit card recently, there will a difference between your Account Balance and Available Balance – when you do a transaction on you debit card, it may take up to 7 days to reflect that transaction on the card account. After which, the transaction amount is deducted accordingly.

  • I don't have an existing SingPass can I still open a FRANK Account?

    Yes, if you do not have an existing SingPass, you may apply via the following link.

    Alternatively, you may apply via our online form and get your account in 5 working days.

  • I am a foreign student with a valid student pass. Can I open a FRANK Account?

    Yes. Foreigner with a valid pass will be able to open a FRANK Account:

    • Dependent pass
    • Employment pass
    • Student pass
    • Long term visit pass, or
    • Diplomatic pass

    You are required to have your passport (with a minimum 6 months validity), a valid pass, and a proof of your residential address.
    Your proof of residential address may be one of the following documents:
    Latest month Telco/Utility Bill OR Latest bank statement/credit card bill statement OR Tenancy Agreement OR Income Tax Notice of Assessment OR a letter from your school indicating your valid residential address.

    If you have an original Faculty/Hall of Residence Letter issued by your school, please submit all your documents at any OCBC Branches or on designated days at the FRANK Stores.

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Am I eligible?

Here's who can apply:
  • Anyone 16 years old and above
  • Singaporeans and Singapore PR
  • Foreigners with a valid pass
FRANK Account interest rates
account balance interest rates
First S$25,000 0.1% a year
Next S$25,000 0.2% a year
Above S$50,000 0.05% a year
Monthly service fees

If you are above 26 years old, there will be a monthly service fee of S$2 should your daily average balance fall below S$1,000.

Card replacement fees

No fee will be charged when you replace your card for the first time. The fee for your second and third replacements will also be waived if they are made within 12 months of your first one. A card replacement fee of S$32.70 (including GST) will apply thereafter.

Singaporean or Singapore PR

Any of these documents that show your residential address:

  • Phone bill
  • Utilities bill
  • Bank statement
or

Income tax Notice of Assessment

Foreigners

Valid government correspondence or notice that show your residential address from last 3 months

or

Submit original Faculty/Hall Residence Letter issued by school with valid residential address at any OCBC Branches or on designated days at the FRANK Stores.

What you need to apply without a Singpass Account

Once your online application has been received, a physical application form will be mailed to you. Upon receipt, please submit the form along with these documents to the bank.

Singaporeans or Singapore PR

  • NRIC
  • Any of these documents that show your residential address: Telco bill / Utilities Bill / Bank Statement OR Income Tax Notice of assessment

Foreigners

  • Passport with 6 months validity
  • Student Pass, Special Pass or Employment Pass
  • Any of these documents that show your residential address:
    • Telco bill
    • Utilities bill
    • Bank Statement
    • Income Tax Notice of assessment
    • Tenancy Agreement with Stamp Duty
    • Faculty/Hall of Residence Letter from your school*
    • Letter from Employer*

*For these documents, please head down to a FRANK Store on designated days to submit.

Removal of NETS FlashPay feature on FRANK Debit Cards

FRANK Debit Cards that are replaced on renewed from 24 June 2019 onwards will not have the NETS FlashPay feature. If you are still holding on to an existing FRANK Debit Card with NETS FlashPay, you may continue to use it.

See FAQ

Terms and Conditions Governing Card Replacement
  • I agree that the card design fee paid by me will not be refunded nor be used to pay for a similar or different card design selected by me when I replace my card for any reason whatsoever.
  • I accept that my existing card will be terminated by OCBC Bank if I change or replace the card design on my card to or with another design. I agree to surrender my existing card to OCBC Bank for cancellation when I submit my application to change or replace the card design.

I hereby irrevocably and unconditionally:

  • confirm that I have read, understood and agreed to be bound by the terms and conditions set out in this application form;
  • represent and warrant that all information provided by me in this application is true and complete and undertake to notify OCBC Bank immediately of any change in such information;
  • confirm that I am not an undischarged bankrupt and there has been no statutory demand served on me;
  • authorise OCBC Bank to verify information given in this application with any party (including, without limitation, with any credit bureau or any other organisation or corporation set up for the purpose of collecting and providing information relating to the credit standing of persons) without reference to me;
  • consent for OCBC Bank to disclose any information whatsoever relating to me as OCBC Bank shall consider appropriate to any person to whom disclosure is permitted or required by any applicable law or to any other person wherever situated for any purpose. Without prejudice to the foregoing, I consent to such disclosure to any credit bureau or any other organisation or corporation set up for the purpose of collecting and providing information relating to the credit standing of persons, and to the disclosure by such credit bureau or other organisation or corporation to any member thereof, for the purposes of assessing my creditworthiness or for other purpose whatsoever; and
  • agree that OCBC Bank has the absolute discretion to decline my application for a FRANK Debit Card and/or FRANK Account without giving any reason and to retain the documents submitted as property of OCBC Bank.