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.
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.
Was this information useful?