FAST Payment

24/7 near real time SGD funds transfer

At a Glance
Make instant Singapore dollar (SGD) interbank funds transfer any time, any day
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Save time

Your beneficiary will receive the funds within 5 minutes

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Convenient

Simple and secure SGD funds transfer of up to S$200,000

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Real-time alerts

Pay any time via DBS IDEAL and receive alerts on your payment status

How it Works

Step 1: Send payment via DBS IDEAL.

Step 2: Beneficiary receives it within 5 minutes.

Step 3: Beneficiary gets an email alert.

Eligibility

You must have a DBS SGD Business Account and remit to beneficiaries of these FAST participating banks:

  • DBS Bank
  • Australia and New Zealand Banking Group
  • Bank of China
  • The Bank of Tokyo-Mitsubishi UFJ
  • BNP Paribas
  • CIMB Bank
  • Citibank
  • Deutsche Bank
  • Far Eastern Bank
  • HL Bank
  • Hong Kong and Shanghai Banking Corporation
  • Maybank
  • Mizuho Bank
  • OCBC Bank
  • The Royal Bank of Scotland
  • RHB Bank
  • Standard Chartered Bank
  • Sumitomo Mitsui Banking Corporation
  • United Overseas Bank Limited

How to Apply

Speak to your Relationship Manager.
Call us at 1800 222 2200 for more information. 


Not a DBS SME Banking customer? 
Apply online now. Enjoy free DBS IDEAL access and fee waivers. T&Cs apply.

FAQs
What information do I need to make a FAST payment?

You’ll need your:

  • Beneficiary’s name
  • Beneficiary’s bank account number
  • Purpose code
  • Beneficiary’s bank name
  • Amount to transfer
Do I have to pay to use FAST?

Yes, please refer to the Pricing Guide.

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