Last updated on June 6th, 2021

If you’ve applied for a FRANK education loan, you may have been asked to create an OCBC FRANK account as well. So you may ask, should you be opening this bank account? Here’s how this bank account works and whether you should use it:

What is the OCBC FRANK account?

The FRANK account is provided by OCBC bank. This account is mainly targeted at students who are preparing to enter into university and the workforce. When you apply for the FRANK education loan, you will be asked if you wish to create a FRANK account. Moreover, you will be given a complimentary FRANK debit card when you create your account.

Is OCBC FRANK a savings or current account?

You may be wondering if OCBC FRANK is considered as a savings or current account. A current...