FAQs
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: For funds submitted before 8pm on a working day, funds will be available after 2 working days.
What is the transfer limit in Singapore bank? ›
Additional agent bank charges may apply. Transfer limit: Up to S$200,000 daily.
How long does it take to transfer money from Singapore to USA? ›
Sending money to the United States (USD) from Singapore (SGD) can take between just minutes up to 3 business days, depending on your payment method.
What is the maximum Wise transfer amount in Singapore? ›
If you're sending a SGD payment yourself, you can send up to 16,000 SGD at a time if you're using a bank card, or up to 1 million SGD from your bank. Note that can't send or spend more than 30,000 SGD or foreign currency equivalent from your Wise account balances in a fixed 12 month window.
Can I get my money back from a bank transfer in Singapore? ›
If you know the recipient, you may contact the recipient directly to request for the return of funds. If you are unable to contact the recipient, Get in Touch with Us so we can assist to reach out to the recipient on your behalf.
What is fast payment system in Singapore? ›
FAST (Fast And Secure Transfers) is a new electronic funds transfer service that enables customers of the participating banks to transfer Singapore Dollar funds from one bank to another in Singapore almost instantly.
How can I transfer a large amount of money to Singapore? ›
Bank transfers are usually the cheapest option when it comes to funding your international money transfer with Wise. Bank transfers can be slower than debit or credit cards, but they usually give you the best value for your money.
What details are needed for bank transfer in Singapore? ›
Bank transfer
You'll need: their full name. bank name. bank account number — this should be a maximum of 14 digits for a standard bank account, or up to 25 digits for the DBS virtual account.
How to transfer money to Singapore bank account? ›
- Login. Login to the participating banks' online banking or eWallet's mobile app. Select or enter the PayNow-registered mobile number or Virtual Payment Address (VPA) proxy in Singapore.
- Search. Key in amount and confirm payment details.
- Transfer. Transfer completed.
Can you transfer $10000 bank to bank internationally? ›
So, you can send an international wire of as much as you like, provided that it's within the maximum wire transfer limits set by your bank. However, you should be aware that transfers over $10,000 will automatically be reported to the IRS.
How much does a bank transfer cost in Singapore? ›
Sending a TT costs SGD 20 (online) or SGD 30 (via bank branch) in processing fees along with a commission of at least SGD 20. Transaction fees for foreign currency account TTs differ according to the currency and also invite an additional commission.
How long does it take for an international bank transfer to go through? ›
While domestic wire transfers can be completed within one business day, international transfers typically take one to five business days, and they can take longer depending on a variety of factors. In rare cases, a perfectly executed transfer can reach the recipient within a single business day.
How long does a bank transfer take between different banks? ›
Payments will generally be received the same day they were sent as banks will exchange payments throughout the day. This will occur at least every hour from 9am to midnight, every day including weekends and public holidays.
How long does it take to receive bank to bank transfer? ›
Transfers typically happen quickly. Generally, domestic bank wires are completed in three days, at most. If transfers occur between accounts at the same financial institution, they can take less than 24 hours. Wire transfers via a non-bank money transfer service may happen within minutes.
Can I transfer money to Singapore bank account? ›
Real-time overseas funds transfer
With Maybank Overseas Transfer via Maybank2u web and the MAE app you can instantly transfer money to a beneficiary within any banks in Singapore including Maybank Singapore Limited (MSL) and Malayan Banking Berhad, Singapore Branch (MBS).