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

digibank online
  • Log in to digibank online with your User ID & PIN.
  • Complete the Authentication Process.
  • Under My Accounts, select Deposits.
  • Select the MySavings/SAYE Account that you wish to amend.
  • Select the Manage tab and under Options, click on Change savings instructions.
  • Enter the details and click Next.
    • From Account: Account you wish to make contribution from.
    • Amount: Enter a Monthly Savings Amount in multiples of SGD10.
    • My Monthly Savings Date: Select the monthly savings date for your contribution.
      Choose between 1st and 25th of the month. If your existing monthly savings date is within the next 2 days, your new instruction may be effective the following month.
  • Verify your details and click Confirm to change your saving instructions.

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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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