Bank Of Singapore

If you are a foreigner, you might think "Bank of Singapore" is a big bank in Singapore, or at least, it is one of the largest banks. Many banks of "country_name" are central banks of that country. While in Singapore, if you ask a person in the street what the bank of Singapore is, he or she will be lost definitely. When I downloaded a document from bankers association of Singapore, I found at surprise that there were five local banks. Besides the big three: DBS, UOB, and OCBC, there were two others: Far Eastern Bank and Bank of Singapore. Because many of UOB materials include Far Eastern Bank, I know FEB is a subsidary of UOB. But OCBC seldom talks about Bank of Singapore. Until recently the interest battle of online banking accounts shall I know that Bank of Singapore is offering attractive interest rate of 1.9% p.a.

Bank of Singapore is actually 100% owned by OCBC. Its issued Cashier's Order is in name of OCBC to give reciever more confident. I think OCBC shall advertise more on its online e-bank arm.