Transfer Funds to Other Bank's Account
Transfer funds easily to other Bank's account via digibank.
Part of: Guides > Your Guide to digibank
Important information
- Always check and ensure that you’re entering the correct account number.
- The recipient's name you enter only serves as reference for you.
- The transfer of funds is processed based on the account number (not recipient’s name) provided.
Modes of Local Funds Transfer in SGD (FAST, Interbank Funds Transfer, PayNow)
There are various methods to transfer funds to other Bank’s account via digibank. Here are the key differences:
Mode of Transfer | Information Required | Receipt of Payments |
---|---|---|
FAST (Fast And Secure Transfers) FAST is an electronic service that allows you transfer SGD funds almost instantly between participating banks and non-bank financial institutions (NFIs). |
|
Almost Instant |
Interbank Funds Transfer For banks not participating in FAST, fund transfers in SGD will not be immediate and will be completed within 2-3 business days:
|
|
2-3 business days |
PayNow PayNow is an electronic fund transfer service that allows you to transfer SGD funds instantly to a payee, using the payee's designated mobile number or NRIC/FIN number instead of his/her bank account number. Learn more. |
|
Almost Instant |
- The transfer limit is up to S$200,000 daily. Learn more about how to change local funds transfer limits.
- If you are transferring funds to the following banks and non-financial institutions (NFIs), please be advised that you can do so via ' Transfer to Other Bank Account (FAST)' or via PayNow. Other methods of transfers are not accepted by these banks and NFIs.
- GREEN LINK DIGITAL BANK PTE PTD
- GPAY NETWORK (S) PTE LTD
- GXS BANK PTE LTD
- LIQUID GROUP PTE LTD
- MARIBANK SINGAPORE PRIVATE LIMITED
- MATCHMOVE PAY PTE LTD
- NIUM PTE LTD
- SINGCASH PTE LTD
- WISE ASIA-PACIFIC PTE. LTD.
- XFERS PTE LTD
- Refer to the complete list of participating banks and non-bank financial institutions (NFIs) and account types for funds transfer (FAST).
List of Banks and NFIs
How to Transfer Funds to Other Bank's Account
There are various channels which you may Transfer Funds to Other Bank's Account. The most convenient method would be via digibank mobile.
digibank mobile
digibank online
How to Transfer in Foreign Currencies to Other Local Banks
You can perform a funds transfer in foreign currencies to another local bank through Telegraphic Transfer, where agent fees will apply. There are various channels available and the most convenient method would be via digibank mobile.
digibank mobile
digibank online
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