FAST Offers Almost Instant Electronic Fund Transfer Between 14 Participating Banks


With the new launch of FAST (Fast And Secure Transfers) announced recently by ABS (The Assoication of Banks in Singapore) You can now make your payments and electronic fund transfers between different banks almost instantly, as compared to 2-3 working days previously. The only information you need to complete the transfer electronically is simply choose the bank you wish to transfer to, the full name and bank account number.

[[perfectpullquote]]Inter-Bank transfers within 30 seconds with FAST[/[perfectpullquote]]

There’s no more hassle of entering bank and branch codes. Only Singapore dollars is allowed for FAST transactions and capped at $10,000 per transfer. For more information, visit the official announcement page on ABS website. Below are the 14 participating banks that support FAST transfers:

FAST Participating Banks in Singapore
Deutsche BankFar Eastern BankHSBCOCBC
RHBRoyal Bank of ScotlandStandard CharteredSumitomo Mitsui

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