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What are the fees associated with local SGD transfers?

  • Updated

Local SGD transfers can be made through PayNow, FAST and MEPS+:

  • Transactions under 200,000 SGD can be made via PayNow, and there are no fees associated.
  • Transactions under 200,000 SGD with only bank details can be made via FAST, a fixed fee of $0.50 will be charged per transaction made in SGD.
  • Transactions above 200,000 SGD are to be made via Wire Transfer (i.e SWIFT, MEPS+), a fixed fee of 20 SGD will be charged per transaction made in SGD.
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