​Guide to Fast And Secure Transfers (FAST)

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25 Oct 2018 | 1 min. read

FAST lets you transfer SGD funds almost immediately to another bank account at a participating bank. Find out how it works and how to check if your bank offers FAST.

Key takeaways

  • FAST lets you transfer SGD funds between accounts of the participating banks in Singapore.
  • The transfer is secure and almost immediate, and it is available 24 hours a day, 7 days a week.

What is FAST?

FAST (Fast And Secure Transfers) is an electronic funds transfer service. It allows a secure and almost immediate transfer of Singapore dollar funds (SGD funds) between accounts of the participating banks in Singapore.

You can make interbank funds transfers of up to $200,000 per transaction, depending on your daily or monthly withdrawal limits.

FAST is available 24 hours a day, 7 days a week.

How to use FAST to transfer funds

To use FAST, you will need:

  • A savings or current account at one of the FAST participating banks. The recipient should also have an account at a participating bank.
  • The recipient's bank account number. The bank account number is mandatory, while the name is for reference only.

Log in to your bank's internet banking service and select FAST as the transfer method.

You can find out the status of your fund transfer via internet banking or the notification service offered by your bank, such as email or SMS.

Learn more: ABS' guide to FAST

If you've made a wrong funds transfer

Please contact your bank right away if you have wrongly made a funds transfer.

Participating banks

You can check if your bank offers FAST from this list.

Last updated on 02 Nov 2018