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2023 10 23 Fast Fact Sheet

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0% found this document useful (0 votes)
22 views

2023 10 23 Fast Fact Sheet

Uploaded by

1290535253
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 5

FAST AND SECURE TRANSFERS – FACT SHEET

NEW ELECTRONIC FUNDS TRANSFER SERVICE, “FAST”

FAST (Fast And Secure Transfers) is an electronic funds transfer service that allows customers to transfer SGD
funds almost immediately between accounts of the participating banks and non-financial institutions (NFI) in
Singapore. FAST was originally launched on 17 March 2014 and included only bank participants. FAST has
included NFI participants since 8 February 2021.

FAST enables almost immediate receipt of money. 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 or NFI. FAST is available
anytime, 24x7, 365 days.

Payment Type Receipt of Payments


FAST Almost Immediate, 24x7 basis
Cheque Up to 2 business days
eGIRO Up to 3 business days

For enquiries on FAST, please email FAST helpdesk at [email protected], or call your bank for
specific service detail.

Types of accounts that you can use to transfer funds via FAST
(Updated on 23 Oct 2023)

FAST can be used to transfer funds between customer savings accounts, current accounts or e-wallet accounts.
For some banks, the service can also be used for other account types (see table below).

Other Account types that you can useto transfer


funds via FAST
FAST Participating Bank
Transfer from(Pay) Transfer to (Receive)
1 Anext Bank Pte Ltd - Current Account

2 ANZ Bank - Virtual Account

3 Bank of China Credit Card MoneyPlus Credit Card MoneyPlus

4 BNP Paribas - -

5 CIMB Bank - -

6 Citibank NA - -

7 Citibank Singapore Limited Citibank Ready Credit Credit Card


Citibank Ready Credit
8 DBS Bank/POSB Credit CardCashline Credit CardCashline
9 Deutsche Bank - -

10 Green Link Digital Bank Pte Ltd - -

11 GXS Bank Pte Ltd - -

12 HL Bank - -

13 HSBC - Credit Card


14 HSBC Bank (Singapore) Limited - -

15 ICICI Bank Limited Singapore - -

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FAST AND SECURE TRANSFERS – FACT SHEET

16 Industrial and Commercial Bank of China Limited Debit Card Debit Card
Credit Card
17 JPMorgan Chase Bank, N.A. - -

18 MariBank Singapore Private Limited - Mari Credit

19 Maybank Singapore Limited CreditAble CreditAble

20 Malayan Banking Berhad - -

21 Mizuho Bank - -

22 MUFG Bank, Ltd - -

23 OCBC Bank EasiCredit Credit Card


EasiCredit
24 RHB Bank - -
25 Standard Chartered Bank (Singapore) Limited Credit Card Credit Card
CashOne
Debt Consolidation Plan
26 Sing Investments & Finance Limited - -

27 State Bank of India - -


28 Sumitomo Mitsui Banking Corporation - -
29 Trust Bank Singapore Limited - -
30 United Overseas Bank CashPlus Credit Card
CashPlus
Virtual Account Service

(Updated on 22 Jun 2023)

Account Type and Number of Digits in Account Number


FAST Participant NFIs (Please input numbers only, no dash or space accepted)

Savings Current Others


1 GPay Network (S) Pte Ltd - - Wallet Account No.: 5 digits
Max length: 15 Digits

2 Liquid Group Pte Ltd - - Wallet Account No.: 25 digits


Max length: 34 Digits

3 MatchMove Pay Pte Ltd - - Wallet Account No.: 8 digits


Max length: 32 Digits

4 NIUM Pte Ltd - - Virtual Accounts

5 SingCash Pte Ltd - - Wallet Account No.: 10 digits


Max length: 15 Digits

6 Wise Asia-Pacific Pte. Ltd. - - Wallet Account No.: 7 digits


Max length: 15 Digits

7 Xfers Pte Ltd - - Wallet min length: 10 digits


Wallet max length: 20 digits

Bank Account Types and Structures for Receiving FAST

Page 2 of 5 Confidential Last Updated: 23 Oct 2023


FAST AND SECURE TRANSFERS – FACT SHEET

(Updated on 22 Jun 2023)

Account Type and Number of Digits in Account


Number
FAST Participating Bank
(Please input numbers only, no dash or space accepted)
Savings Current Others
1 Anext Bank Pte Ltd - 11 digits -
2 ANZ Bank - Corporate: 11digits Virtual Account: 20 digits
3 Bank of China 15 digits 15 digits Credit Card: 16 digits
MoneyPlus: 16 digits
4 BNP Paribas - 11 digits -
5 CIMB Bank 10 digits 10 digits -
Starts with“1” Starts with “2”
6 Citibank Na Note 1 - - -
7 Citibank Singapore Limited 10 digits 10 digits Credit Card: 15/16 digits
Ready Credit: 10 digits
8 DBS Bank/POSB POSB: 9 POSB: 9 digits Credit Card: 15/16 digits
digits DBS: 10 DBS:10 digits Cashline: 10 digits
digits
9 Deutsche Bank not 10 digits -
applicable
10 Green Link Digital Bank Pte Ltd - 11 digits -
11 GXS Bank Pte Ltd 10 digits - -
12 HL Bank 18 digits 18 digits
13 The Hongkong and Shanghai Banking 12 digits 12 digits Virtual Account: 7 to 18 digits
Corporation, Singapore Branch Credit Card: 16 digits
14 HSBC Bank (Singapore) Limited 12 digits 12 digits
15 ICICI Bank Limited Singapore not 11 digits
applicable
16 Industrial and Commercial Bank of China not applicable 19 digits Credit Card: 19 digits Union
Limited Note 2 Pay Debit Card: 19 digits
Visa Debit Card: 16 digits
17 JPMorgan Chase Bank, N.A. - 9 or 10 digits -
18 MariBank Singapore Private Limited Retail: 9 digits Corporate: 9 digits -
19 Maybank Singapore Limited 11 digits 11 digits CreditAble: 11 digits
20 Malayan Banking Berhad 11 digits
21 Mizuho Bank - 11 digits
22 MUFG Bank, Ltd 6 digits 6 digits -
23 OCBC Bank Note 3 10 digits 12 digits Credit Card: 16 digits
EasiCredit: 12 digits
Virtual Account Service: 10 to
19 digits
24 RHB Bank 11 digits 11 digits -
25 Standard Chartered Bank (Singapore) 10 digits 10 digits Credit Card: 16 digits
Limited CashOne: 16 digits (starting

Page 3 of 5 Confidential Last Updated: 23 Oct 2023


FAST AND SECURE TRANSFERS – FACT SHEET

with 9)
Debt Consolidation Plan: 16
digits (starting with 9)
26 State Bank of India 14 digits 14 digits -
27 Sing Investments & Finance Limited 10 digits 10 digits
28 Sumitomo Mitsui Banking Corporation 7 to 9 digits 7 to 9 digits -
29 Trust Bank Singapore Limited 10 digits - -
30 United Overseas Bank 10 digits 10 digits Credit Card: 15/16 digits
CashPlus: 10 digits Virtual
Account Service:
7/9/11/12/13/14/17/18 digits

(Updated on 22 Jun 2023)

Account Type and Number of Digits in Account Number


FAST Participant NFIs
(Please input numbers only, no dash or space accepted)

Savings Current Others


1 GPay Network (S) Pte Ltd - - Wallet Account No.:
Max length: 15 Digits
Min length: 5 Digits

2 Liquid Group Pte Ltd - - Wallet Account No.:


Min length: 16 digits
Max length: 34 Digits

3 MatchMove Pay Pte Ltd - - Wallet Account No.: 8 digits


Max length: 32 Digits
4 NIUM Pte Ltd - - Virtual Account: 15 digits

5 SingCash Pte Ltd - - Wallet Account No.: 10 digits


(e.g: 65XXXXXXXX)
Max length: 15 Digits

6 Wise Asia-Pacific Pte. Ltd. - - Wallet Account No.: 7 digits


Max length: 15 Digits
7 Xfers Pte Ltd - - Wallet min length: 10 digits
Wallet max length: 20 digits

Page 4 of 5 Confidential Last Updated: 23 Oct 2023


FAST AND SECURE TRANSFERS – FACT SHEET

Notes

1. Citibank

Savings Account The 10-digit account number does not include Bank Code and Branch Code.
Current Account
The 10-digit account number does not include Bank Code and Branch Code.
(Consumer)
The 10-digit account number does not include Bank Code and Branch Code. If the
Current Account 10-digit account number includes leading zeroes, they must be retained in the
(Corporate) account number.

2. Industrial and Commercial Bank of China Limited

Credit Card: The 19 digits account number includes the 16-digits credit card number and 3-digits
currency sub-account code.

The currency account code is:


a. 018 for Singapore Dollars sub-account
b. 001 for Renminbi sub-account, and
c. 014 for US Dollars sub-account.

Please enter the full account number to ensure that the fund is transferred to the correct credit card sub-
account.

An example of an ICBC Credit Card account number: 6259178888888888001, where


6259178888888888 is the credit card number and 001 is the currency code for the Renminbi sub-
account.

3. OCBC Bank (updated 14 Nov 2022)

The first three numbers of an OCBC account number are branch codes. Please enter the full account
number, including branch code. This should be a 10 to 19 digits account number for OCBC Bank.
An example of an OCBC Bank Account number: 501123456001 where 501 is the branch code.

For enquiries on FAST, please email FAST helpdesk at [email protected],


or call your bank for specific service detail.

Page 5 of 5 Confidential Last Updated: 23 Oct 2023

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