Singapore
Overview
| Transfer method | Local | Local | Local | SWIFT |
|---|---|---|---|---|
| Local clearing system | FAST (The default LOCAL payout option when local_clearing_system is not specified) | GIRO | RTGS | |
| Supported currency(ies) | SGD | SGD | SGD | AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR |
| Payment scheme | FAST | GIRO | MEPS | |
| Flight time (business days) | 0-1 | 1-2 | 0-1 | 0-3 |
| Maximum transaction limit | 200,000 SGD | No limit | No limit | No limit |
| Ultimate payer displayed | Yes | Yes |
Please refer to the sections below for the key required bank details and other considerations for each supported transfer method.
Local FAST payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | Should be SGD |
account_name | 2-200 characters | Account holder name of the recipient’s bank account |
account_number | 7-17 alphanumeric characters | |
swift_code | 8-11 alphanumeric characters | Should be a valid and supported BIC-8 or BIC-11 code |
bank_country_code | 2-letter ISO 3166-2 country code | Should be SG |
Local GIRO payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | Should be SGD |
account_name | 2-200 characters | Account holder name of the recipient’s bank account |
account_number | 7-17 alphanumeric characters | |
swift_code | 8-11 alphanumeric characters | Should be a valid and supported BIC-8 or BIC-11 code |
bank_country_code | 2-letter ISO 3166-2 country code | Should be SG |
Local RTGS payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | Should be SGD |
account_name | 2-200 characters | Account holder name of the recipient’s bank account |
account_number | 6-23 alphanumeric characters | |
swift_code | 8-11 alphanumeric characters | Should be a valid and supported BIC-8 or BIC-11 code |
bank_country_code | 2-letter ISO 3166-2 country code | Should be SG |
SWIFT payout
| Required fields | Permitted Data | Notes |
|---|---|---|
account_currency | 3-letter ISO 4217 currency code | One of AUD, CAD, CHF, CNY, CZK, DKK, EUR, GBP, HKD, HUF, ILS, JPY, NOK, NZD, PLN, RON, SEK, SGD, THB, TRY, USD, ZAR |
account_name | 2-200 characters | Account holder name of the recipient’s bank account |
account_number | 6-23 alphanumeric characters | |
swift_code | 8-11 alphanumeric characters | Should be a valid and supported BIC-8 or BIC-11 code |
bank_country_code | 2-letter ISO 3166-2 country code | Should be SG |