Fast And Secure Transfers

FAST (Fast And Secure Transfers) is an electronic funds transfer service that enables customers to transfer SGD funds almost immediately from one participating bank to another in Singapore. 

FAST is offered by the following banks - ANZ Bank, Bank of China Limited, BNP Paribas, CIMB Bank, Citibank, DBS Bank / POSB, Deutsche Bank, HL Bank, HSBC, HSBC Bank (Singapore) Limited, ICICI Bank Limited, Industrial and Commercial Bank of China Limited, Maybank Singapore Limited, Malayan Banking Berhad, Singapore Branch, Mizuho Bank Limited, OCBC Bank, RHB Bank, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd and United Overseas Bank.

And the following non-banking financial institutions – Grab, Liquid, MatchMove Pay, Singtel Dash and TransferWise.

Existing payment types can take up to three working days for customers to transfer money from one banking account to another across banks. FAST is introduced in response to the increasing demand from consumers and businesses for faster funds transfer services. 

• FAST enables almost immediate receipt of funds. You will know the status of the transfer by accessing your bank account via internet banking or via notification service offered by the participating bank.
• FAST is available anytime, 24x7, 365 days
  

FAST is secure and adopts the same security standards established by the banking industry in Singapore for funds transfer. 

Most participating banks offer FAST 24x7, 365 days. 

• Illustration: For incoming FAST transfers made on a Saturday after 5pm, though funds will be reflected in the beneficiary accounts on the same day, value date¹ of the deposit will commence on Monday or the next business day. (if Monday is a Public Holiday)
• For outgoing FAST, please check with the receiving bank on the value date of your FAST, as this may be subject to their respective cut-off time or business days.

No, the payee's bank account number is required for FAST transfers. 

The status of your funds transfer is available via your internet banking or via notification service offered by the participating bank. 

No, FAST only enables funds transfer between accounts of the participating banks in Singapore. Funds between a participating and a non-participating bank could be transferred through other modes such as MAS Electronic Payment System (MEPS) / eGIRO. 

No, FAST can only be used for SGD fund transfers between bank customer accounts of the participating banks in Singapore. 

FAST can be accessed using electronic devices such as tablet, smart phone or personal computer.

¹Value date here refers to the date in which we will start to accrue interest calculation on the FAST transfer incoming funds, as determined by the cutoff timing of Inward FAST transaction