OFour stars: protected deposits and public ownership.
OCBC earns four stars. Remediation of past findings has been verified by the regulator. What a family should weigh: a significant regulatory finding stands on the record in the last ten years. Not yet documented: how the law protects custody assets in this centre and whether external asset managers have a dedicated desk. The rating counts only what is on file.
Noam Cohen, Editor, Bank IntelligenceReviewed 6 November 2026, Q4 2026 edition. The rating weighs the public record together with what clients and their advisers tell us in confidence; retail products, branches and apps play no part.
The rating expresses the opinion of PPLI.com on the date shown. It is not a statement of fact about the bank, not a credit rating, not a forecast of failure and not investment advice.
What regulators, prosecutors and courts have decided, recorded against the legal entity they named, with the status, the amounts as published and a link to the original document. Claims and investigations still under way are marked as open.
MAS imposed a S$600,000 composition penalty on OCBC for breaches between June 2015 and January 2016 involving one corporate customer, identified in examinations after the Wirecard AG irregularities. MAS said OCBC failed to inquire into certain transactions and to examine the customer's ownership structure.
MAS has imposed a composition penalty of S$600,000 on OCBC
Supervisory measure, not a penalty. MAS required OCBC to apply a 1.3 times multiplier to its operational risk RWA, about S$330 million of additional regulatory capital, citing gaps in risk mitigation, transaction controls, incident management and complaints handling during the December 2021 phishing scams. MAS said it would review the requirement once the deficiencies were addressed.
OCBC is required to apply a multiplier of 1.3 times to its risk-weighted assets for operational risk.
MAS lifted the requirement on 26 October 2023, after the bank remedied the deficiencies, according to OCBC's offering documents filed on SGX.
The Securities Commission Malaysia imposed a penalty of MYR 1,000 on 23 January 2024 on OCBC Bank (Malaysia) Berhad, a subsidiary of Oversea-Chinese Banking Corporation Limited, for submitting a monthly post-issuance report for a structured product programme one business day late. The action was taken under the Guidelines on Unlisted Capital Market Products.
Shown for context only: the decision concerns OCBC Bank (Malaysia) Berhad, not Oversea-Chinese Banking Corporation Limited, and does not count towards this rating.
What clients meet at OCBC, read from complaint registers, ombudsman decisions and court records, independent reporting and what clients and their advisers tell PPLI.com in confidence. Announcements by the bank, awards and marketing material are left out.
Trustpilot's profile for OCBC Bank scores 1.5 out of 5 from 27 reviews and covers the bank as a whole, not its private banking. The main client-money incident is the wave of SMS phishing scams of December 2021, after which MAS required the bank to hold about SGD 330 million of additional capital for deficiencies in its response; MAS lifted the requirement on 26 October 2023, once the bank had remedied them. In the two Singapore judgments of 2024 and 2025 in which a customer or counterparty opposed the bank, the courts ruled for the bank, awarded it costs and made no finding against its conduct.
| Agency | Rating | Outlook | As of | Rated company |
|---|---|---|---|---|
| Moody's | Aa1 | Not stated | August 2026 | Oversea-Chinese Banking Corporation Limited |
| S&P | AA- | Not stated | August 2026 | Oversea-Chinese Banking Corporation Limited |
| Fitch | AA- | Not stated | August 2026 | Oversea-Chinese Banking Corporation Limited |
finews.asia reported that MAS required OCBC to hold about SGD 330 million of additional capital over deficiencies in its response to the December 2021 phishing scams.
OCBC does not publish a private banking tariff; the only schedule on its site is written for retail accounts. Its figures are shown below as read on 6 November 2026, so a family knows what the bank puts in public, but they are not compared with the private banking schedules of other banks and earn no fee stars. Private clients of OCBC are priced individually.
| Fee | OCBC | Other banks | Against the others |
|---|---|---|---|
| Third party fund subscriptionfee on a USD 250,000 subscription | 5.00%stated as a maximum Source | Retail schedule, shown as published and not compared with private banking terms | |
| Outgoing international transferper transfer, standard | USD 15SGD 20 Source | Retail schedule, shown as published and not compared with private banking terms | |
| Transfer of securities to another bankper position | USD 77SGD 100 Source | Retail schedule, shown as published and not compared with private banking terms | |
| Closing the accountone off | USD 23SGD 30 Source | Retail schedule, shown as published and not compared with private banking terms |
Not in the published schedule: custody and safekeeping, discretionary mandate, advisory mandate, equity trade, bond trade, currency conversion, account maintenance, minimum annual fee, lombard loan margin.
Third party payments. The schedule states: “the Bank is entitled to retain such commissions, fees, rebates and non-monetary benefits”
Sources.
How the comparison works: USD 25 million booked with the bank: half under a discretionary balanced mandate, half in custody with advice; 24 equity trades of USD 250,000 and 8 bond trades of USD 500,000 a year; 6 currency conversions of USD 1 million; 24 outgoing international transfers. Tiered fees are applied to those amounts tranche by tranche, stated minimums are applied, and amounts are converted at indicative rates of 2026-11-06. Read how we compare fees.
Ownership is shown as published, with its date. It describes who owns the bank; it does not, by itself, suggest any wrongdoing by the bank or its owners.
Offered at this booking centreOffered by the group, not confirmed hereNot located, which does not mean unavailable
Checked on the bank's own pages, 2 November 2026.
If you bank with OCBC or advise clients who do, your experience forms part of its PPLI.com rating. Every response is read by the editor and treated in strict confidence.
All 14 documents cited on this page, by subject.
Before we publish a significant negative finding that is not already public, we give the bank the facts and time to comment, on the same timetable for every bank. Decisions of regulators and courts are shown as they were published. Corrections we verify are published with the date of the change. Write to [email protected] quoting reference BK-SG-OCBC-413916.
Families and their advisers read this file before they open an account. It can only be as complete as the documents we can find, and much of what sets a private bank apart, from its custody terms to the way a client team works, is rarely published.
If you represent OCBC, one of our Bank Intelligence analysts can go through the file with you: correct anything that is out of date, add terms and documents that are not yet public, and set out what has improved since our last edition. The review is a paid engagement for the analyst's time and research.
The rating itself stays with our editor and follows what the documents show, so we cannot promise a particular result. When a review changes the file, this page notes that the bank took part, with the date and what was added.
Researched by the PPLI.com research desk from the public sources listed. The rating is our editorial opinion; read how we rate.
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