Remitting from OCBC to BlockFi

This post will guide you on using OCBC remit to send SGD to a USD account via OCBC

1. Preparation

  • OCBC linked mobile phone or OTP token
  • ID documents if you do not already have a BlockFi account

2. Setting up your BlockFi account

Head over to BlockFi or type if you don’t want to use my referral link.
Using my referral link will give you $10 in BTC.

Click Sign Up if you don’t already have an account, else login with your credentials.

Note: You would have to go through identity verification before you will be able to use the platform.
Do follow the steps and provide the requested documents

Click Deposit and select USD (wire transfer) from the dropdown menu.

Leave this window aside and open a new tab/window.

3. Access OCBC and setup overseas remittance

In the new tab, head to ocbc internet banking and sign in with your credentials

Hover over Payments & transfers tab and click Transfer funds

Click Add & manage payees scroll down to the table with header Bank accounts overseas (including overseas OCBC accounts) and click Add account on the bottom right of the last table row

Enter the details in the popup form as follows. You may copy and paste them from your already open BlockFi window.

  • Add New Beneficiary
    • Country: United States of America
    • Payee Name (in bank’s account): BlockFi Trading LLC
    • Account or IBAN no: 5090018523
    • Payee Address:
      • 201 Montgomery St
      • Apt 263
      • Jersey City, NJ 07302
    • Swift Code: SIVGUS66XXX

Click Next and confirm the details and authorize adding the payee on your 2fa device.

4. Making the transfer

Hover over Payments & transfers and click Transfer funds

Then follow the following steps:

  • Click to a bank account overseas (including overseas OCBC accounts)
  • Select the account to transfer from
  • Select BlockFi in the radio buttons
  • Input the amount you want to send
  • Select you for charges paid by
  • Select transfer time
  • Enter your BlockFi Memo


This step is important
Do remember to enter your BlockFi memo
This is for BlockFi can tag the incoming transfer correctly to your BlockFi account.
Your memo will be different from mine.
The transaction memo can be found here.

blockfi memo

ocbc memo

Click Next and verify the details before clicking Submit

You will have to reconfim your submission on your 2fa device.

5. Conclusion and FAQ

You’re all done, now just sit back and wait for the transfer to reflect in your BlockFi account

Frequently Asked Questions:
How long does the transfer take?
The transfer typically takes 1 working day to clear. First time transfers may take longer.
Do note that the transfer will be sent by SCB in Singapore working hours and processed by Silvergate in US working hours.

What happens if I forget to include the memo?
Do not worry, remittances have a tracking number and SCB will contact you to resolve the error. Note that this might take some time as Silvergate has to manually trace the origin and contact a representive in SCB.

Is it possible to contact BlockFi?
Yes, you can contact BlockFi support here or chatting with an agent here

Do consider using one of my referral links or leaving me a tip if you find this useful.
Any contribution is greatly appreciated and motivates me to continue this project.

BTC: 3BTskuSQzF3PZfqFj4sUdp9tSiLMdDGLXj
ETH or ERC20: 0x65a20cDbA50b81E5fA600f4F0655907E5A87C2F5