What's the Difference?

DBS and OCBC are two prominent banks in Singapore, each with its own unique strengths and offerings. DBS, known as the largest bank in Southeast Asia, has a strong focus on digital banking and innovation. It has been recognized for its user-friendly mobile banking app and advanced technological solutions. On the other hand, OCBC is renowned for its extensive regional network and wealth management services. It has a strong presence in key markets such as Malaysia and Indonesia, providing customers with a wide range of financial products and services. Both banks have a solid reputation for their customer-centric approach and commitment to delivering quality banking experiences. Ultimately, the choice between DBS and OCBC depends on individual preferences and specific banking needs.


Year Established19681932
Number of Branches280+570+
Number of Employeesover 26,000over 29,000
Market CapitalizationSGD 60+ billionSGD 40+ billion
RevenueSGD 14+ billionSGD 10+ billion
Net IncomeSGD 6+ billionSGD 4+ billion
AssetsSGD 600+ billionSGD 500+ billion
ServicesBanking, Wealth Management, InsuranceBanking, Wealth Management, Insurance

Further Detail


When it comes to banking in Singapore, two prominent names that often come to mind are DBS and OCBC. Both banks have established themselves as key players in the financial industry, offering a wide range of products and services to cater to the needs of individuals and businesses. In this article, we will compare the attributes of DBS and OCBC, exploring their strengths and weaknesses in various aspects.

1. Branch Network

DBS and OCBC both have an extensive branch network across Singapore, making it convenient for customers to access their services. DBS, being the largest bank in Singapore, boasts a wider reach with over 100 branches island-wide. On the other hand, OCBC has around 60 branches, which is still a significant number. Whether you are in the heart of the city or in the suburbs, you are likely to find a branch of either bank nearby.

Moreover, both banks have embraced digitalization and offer online and mobile banking services, allowing customers to perform transactions and access their accounts anytime, anywhere. This digital presence further enhances their accessibility and convenience for customers.

2. Product Offerings

When it comes to product offerings, DBS and OCBC have a wide range of options to cater to different customer needs. Both banks provide various types of savings accounts, fixed deposits, loans, credit cards, and investment products.

DBS is known for its innovative digital banking solutions, such as the DBS Multiplier Account, which offers higher interest rates based on the number of transactions and products used by the customer. They also have a strong suite of investment products, including robo-advisory services and access to global markets.

On the other hand, OCBC is recognized for its comprehensive wealth management services, catering to high-net-worth individuals. They offer personalized investment advice, trust services, and private banking solutions. OCBC also has a range of credit cards tailored to different lifestyles, providing attractive rewards and benefits.

Overall, both banks have a diverse range of products to meet the varying needs of their customers, with DBS focusing more on digital innovation and OCBC excelling in wealth management services.

3. Customer Service

Customer service is a crucial aspect of any banking experience. DBS and OCBC both strive to provide excellent customer service, ensuring that customers' queries and concerns are addressed promptly and efficiently.

DBS has invested heavily in technology to enhance customer service, with features like virtual assistants and chatbots to provide instant support. They also have a dedicated customer service hotline and email support for more complex inquiries. DBS has received recognition for its customer-centric approach, winning multiple awards for its service quality.

Similarly, OCBC places a strong emphasis on customer service, offering a 24/7 customer service hotline and email support. They have also implemented live chat services on their website and mobile app for immediate assistance. OCBC has been commended for its personalized approach and responsiveness to customer needs.

Both banks have made significant efforts to improve their customer service, leveraging technology and adopting a customer-centric approach to ensure a positive banking experience for their customers.

4. Interest Rates and Fees

Interest rates and fees are important considerations for customers when choosing a bank. DBS and OCBC have competitive offerings in this regard, although there are some differences.

DBS offers attractive interest rates on their savings accounts, especially with their DBS Multiplier Account, which rewards customers for their banking relationship and transactions. They also have promotional rates for fixed deposits and competitive loan packages. However, it is important to note that certain services and transactions may incur fees, so customers should be aware of the specific terms and conditions.

Similarly, OCBC provides competitive interest rates on their savings accounts, with additional benefits for customers who maintain a higher average daily balance. They also have promotional rates for fixed deposits and offer various loan options. Like DBS, OCBC may charge fees for certain services, so customers should review the fee schedule before making any transactions.

Ultimately, the interest rates and fees offered by both banks are generally competitive, but it is advisable for customers to compare the specific rates and fees applicable to their desired products or services.

5. Corporate Social Responsibility

Corporate social responsibility (CSR) has become increasingly important in today's society, and both DBS and OCBC have demonstrated their commitment to making a positive impact.

DBS has been recognized for its sustainability efforts, focusing on areas such as renewable energy financing, green bonds, and sustainable supply chain financing. They have set ambitious targets to reduce their carbon footprint and promote sustainable practices. DBS has also launched initiatives to support social causes, including education, social entrepreneurship, and community development.

Similarly, OCBC has made significant strides in CSR, particularly in environmental sustainability. They have implemented green financing initiatives and are committed to reducing their environmental impact. OCBC also supports various social causes, such as education, healthcare, and community development, through their foundation and corporate giving programs.

Both banks have demonstrated their dedication to CSR, aligning their business practices with sustainable and socially responsible principles.


DBS and OCBC are two leading banks in Singapore, each with its own unique strengths and attributes. DBS excels in digital innovation, offering a wide range of digital banking solutions and investment products. On the other hand, OCBC stands out in wealth management services and personalized banking experiences.

Both banks have extensive branch networks and provide convenient online and mobile banking services. They prioritize customer service and have invested in technology to enhance the overall banking experience. Additionally, DBS and OCBC offer competitive interest rates and fees, ensuring that customers have attractive options for their financial needs.

Furthermore, both banks have demonstrated their commitment to corporate social responsibility, actively contributing to sustainable and socially responsible initiatives.

In conclusion, whether you choose DBS or OCBC, you can be assured of a reliable and comprehensive banking experience, tailored to your specific needs and preferences.

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