How to Deposit SGD
How do I deposit SGD?
Our bank account for SGD is held in Singapore and is eligible to receive SGD transfers via domestic bank transfer (e.g. FAST) or international bank transfer (SWIFT). If your bank account is held with a local Singapore bank they will usually process SGD transfers as a domestic local transfer while clients with bank accounts outside of Singapore will use an international bank transfer (SWIFT).
Local SGD Transfer
To access the available funding methods for SGD, login to the Client Portal and navigate to Transfer & Pay → Transfer Funds → Deposit Funds, before selecting "Singapore Dollars (SGD)."
Local Singapore bank transfers under SGD 200K can be made from participating Singapore banks using either the PayNow or eGIRO deposit method:
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eGIRO - Following a one-time setup, clients can instruct their bank to initiate deposits without leaving their account with us. eGIRO also enables clients the convenience of scheduling reoccurring deposits to their investment accounts. For more details see our eGIRO FAQs.
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PayNow - enables instructing a deposit from your bank account to your account with us by scanning a QR code with your mobile banking application or providing our Singapore's Unique Entity Identifier ("UEN") to instruct your bank. For more details see our PayNow FAQs.
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Bank Transfer - instruct your bank to make a FAST transfer using the routing details we provide upon you creating a deposit notification to notify us of your intent to send money from your local bank account.
Local Singapore bank transfers over SGD 200K need to be made using the Bank Transfer deposit method. We will provide you with the routing details to instruct your bank upon you creating a deposit notification to notify us of your intent to send money from your local bank account.
International SGD Transfer
If transferring from a bank account held outside of Singapore, you will need to use the Bank Transfer deposit method. We will provide you with the routing details, including SWIFT code, to instruct your bank upon you creating a deposit notification to notify us of your intent to send money from your offshore bank account.
How long will it take for my SGD transfer to arrive?
The timing for SGD deposits may vary based on the payment method selected or the payment network selected by your sending institution.
| Payment Type | Timing* | Approximate Cost* |
|---|---|---|
| Instant local transfer via PayNow | Immediate to 1 business day | No fees charged by us |
| Instant local transfer via eGIRO | Immediate to 1 business day | No fees charged by us |
| Bank Transfer (Local) | 1 business day usually | No fees charged by us |
| Bank Transfer (International) | 1 to 4 business days usually | No fees charged by us |
*The above table is for reference only. Consult with the sending institution/your bank about the related cost(s) to process your payment as this may vary by financial institution. We do not charge fees for SGD deposits.
Note
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We credit funds real-time upon receipt under normal circumstances.
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We do not have influence on the speed of transfer. You may consult with the sending institution regarding their processing times and cut off times. Transfers that are subject to additional review may take longer to credit.