Octopus App for Business Promotions
Waiver of Bank Account Transfer Fee
Upon successful account opening¹, merchants can enjoy a waiver of the Bank Account Fund Transfer Fee for the first 6 months² . Additionally, the Bank Account Fund Transfer Fee for the first $10,000 in transactions each month thereafter will be permanently waived³. Taxi drivers can enjoy a waiver of the Bank Account Fund Transfer Fee until 31 December 2025.
Receive an Octopus Mobile POS for free
Retail merchants and taxi drivers may receive an Octopus Mobile POS for free upon successful account opening (price: $228). Terms and conditions apply⁴.
Notes:
¹ All existing Octopus merchants* are not eligible to apply for a Business Account.
² The “waiver for the Bank Account Fund Transfer Fee for the first six months” is applicable to new merchants upon successful account opening of Business Account. This offer is not applicable to existing Octopus merchants*.
³ The “waiver for the Bank Account Fund Transfer Fee for the first $10,000 in transactions each month” is not available to existing Octopus merchants*, other than Business Account merchants.
* Existing Octopus merchants are defined as those who have held a payment account with Octopus within the past six months.
⁴ Taxi drivers may be eligible to receive an Octopus Mobile POS for free upon successfully opening an account. Retail merchants may be eligible to receive an Octopus Mobile POS for free by (i) Uploading a recent photo of the retail store showing the merchant name and storefront (within one month) and (ii) Successfully opening an account. This offer is valid from now until further notice. Limited availability; while stocks last.
Video Tutorial
View a Business Account application procedure and the key functions of the Octopus App for Business.