For corporate service buyers using OCBC accounts, is there still a need to set up a Direct Debit Authorisation arrangement with OCBC to facilitate the deduction of service fee for bank mode payments?

Question

Accepted Answer

You’ll need to sign up for GIRO with OCBC to authorise OCBC to deduct the full service fees from your agency’s bank accounts for the purpose of Contribute As You Earn.

For corporate service buyers using OCBC accounts, is there still a need to set up a Direct Debit Authorisation arrangement with OCBC to facilitate the deduction of service fee for bank mode payments?

Related questions

For corporate service buyers who currently do not have an account with OCBC, are they required to open an account with the appointed bank, OCBC, if they wish to opt for bank mode payments?

Would payments made via the Contribute As You Earn (CAYE) online submission mode be debited from the corporate service buyers' bank account?

How do I set up a GIRO account to pay work pass administrative fees?

How can corporate service buyers using the bank mode check the breakdown of the Contribute As You Earn (CAYE) contributions and net service fee to the self-employed person?