Change MySavings/SAYE Account Instruction

Amend the monthly savings arrangement of your personal or joint-alternate MySavings or SAYE Account via digibank online.

Part of: Guides > Your Guide to digibank online

Important information

  • Ensure that you have enough funds in your debiting account by 7pm, one day before the debiting date.
  • Fund Transfer/GIRO/SI directly to MySavings Account are not considered as successful contribution.
  • Upon the first failed deduction of the monthly savings amount, a reminder letter will be generated the next calendar day to be mailed to your mailing address. This also serves as a closure notice as the MSA/SAYE will be automatically closed by the Bank if there are 3 consecutive failed deductions.
  • Upon auto-closure by the Bank, the funds in the MSA/SAYE will be auto credited to your debiting account by the 2nd day of the month.

How to change MySavings/SAYE account instruction

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1
Step 1
Log in to digibank online with your User ID & PIN.
2
Step 2
Complete the Authentication Process.
3
Step 3
Under Home, click on Deposits, and select your MySaving/ POSB SAYE account.
4
Step 4
Click on Manage at the top and under More select Savings Instructions.
5
Step 5
Enter the details and click Next.
  • Monthly savings: Enter a Monthly Savings Amount in multiples of SGD10.
  • From: Account you wish to make contribution from.
  • Monthly Savings Date: Select the monthly savings date for your contribution. You can only choose between 1st to 25th of the month.
6
Step 6
Verify your details and click Confirm to change your saving instructions.
7
Step 7
Your new saving instructions is submitted successfully.
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More information

  • It takes 2 working days for us to process the change of your monthly savings arrangement.
  • If your new monthly savings date is within the next 2 days of your request, the changes will only take effect next month.
  • If your monthly savings amount is debited from a 3rd party account, visit any branch with the 3rd party account holder to amend the arrangement.
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