OCBC Bank
Caproasia.com | The leading source of data, research, information & resource for investment managers, professional investors, UHNW & HNW investors, and advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more

Contact Us / Sign Up: Click here
Visit: Caproasia.com | Caproasia Access | 2022 Events | TFC - Find Services | Grow Business | Sign Up

For Media, Events, Networking, Roundtable, Membership - Contact Us
Grow Your Clients, Business & AUM. Start in 24 hours.
List Services: HNW | Private Wealth | Family Office | Investment

This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.








The first mobile banking in Singapore

The first mobile banking in Singapore was introduced by OCBC Bank in 1958.

Introducing the bank on wheels

OCBC Bank converted a bus into a bank with banking services for deposits, withdrawals, remittances, travellers’ cheques. The “bank on wheels” was scheduled to suburban areas: Tampines, Balestier, Jurong, Bukit Panjang, Alexandar and Telok Blangah.

The bus was divided into 2 sections, banking lobby and the bank.

Visit our growing list of trivial.

 

News Article Original

Credits: 

National Library Board
The Straits Times, 16 August 1958, Page 4
INTRODUCTION THE BANK ON WHEELS

Full Text

The convenience of having a bank just up the road or round the corner will be brought to out-of-town people in Singapore for the first time on Monday by the Oversea Chinese Banking Corporation’s new mobile service.

The service will go three times a week to six suburban centres.

The bank on wheels, equipped to transaction normal banking business, will travel to two centres in Tampenis and Balestier on Mondays, two in Jurong and Bukit Panjang on Wednesdays, and two at Alexandra Circus and Telok Blangah on Fridays.

It will be at one centre in the morning and the second in the afternoon. It will park at a petrol kiosk at each centre and be easy to find.

The mobile bank’s staff, which includes a woman, will receive deposits, pay out withdrawals, accept remittances and buy and sell traveller’s cheques.

Security Precautions

“All a customer has to do is to step into the coach and tell the clerk at the counter what he wants,” said the manager, Mr. Yeo Tiam Siew, yesterday. “Be it to start a savings account, make a remittance or pay in a cheque our staff will provide efficient and courteous service.”

The coach, complete with security precautions, is divided into two parts by the counter running across the width of the vehicle.

On one side of the counter is the bank and the other side the customer’s lobby.

In the lobby are red-cushioned settees for the customers and desks with pens.

“In bringing this service to the customer,” said Mr. Yeo,”we are saving him both time and the chesty of having to carry large sums of cash to and from the bank in the city many miles away.”

 












For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +

Sign Up / Contact Us


    Free TrialBasic $120Professional $380Executive $2,000MembershipTeam / Corporate


    Private WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights










    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014


    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia.com | The leading financial website for investment managers, professional investors, UHNW & HNW investors and advisors to institutions, billionaires, UHNWs & HNWs.  Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?

    Caproasia is a financial information technology co. founded in 2014. We have 4 businesses in Media, Information, Services and Technology. We created 3 solutions: Membership, Events & Platforms to drive investment decisions in Asia through information, services, technology & people, that impact economies, societies & people. Our Mission: Driving the future of Asia

    For 2022 Investment Day: mail@caproasia.com
    For Family Office, Professional Investor, HNW Investor Events: mail@caproasia.com
    For Membership, Events, Networking, Roundtable, Summits: mail@caproasia.com
    For Investment Relations Network: mail@caproasia.com
    For Platforms, Media Kit, Advertising, Campaigns, Partnerships: angel@caproasia.com
    For press release: press@caproasia.com
    For all other enquiries: mail@caproasia.com

    2022 Upcoming Events
    Join Events in Hong Kong & Singapore. Investments, Alternatives, Private Markets
    Hedge Funds, Private Equity, Private Wealth, Family Office & more.
    View: 2022 Upcoming Events | Register here

    Join as Delegate, Speaker, Moderator, Host, Sponsor & Partner
    Contact: events@caproasia.com or mail@caproasia.com




    Caproasia Users
    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs
    • Learn More | Caproasia Users
    Caproasia Platforms | Join 10,000 Investors & Advisors Monthly Networking & Roundtables: Membership | Join a Powerful Network: Family Office Programs: Caproasia Summits: Special Coverage


    Previous articleLegendary Advisor: Peter Lim
    Next article12 Top Quotes from Warren Buffett
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia