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Fast And Secure Transfers
For immediate transfers
between banks 24/7
Fast and Secure Transfers (FAST) is an electronic funds transfer service that enables instantaneous transactions between major participating banks and non-bank financial institutions (NFI) in Singapore.
Benefits
Why FAST?
Anytime
FAST transfers are instantaneous and available 24/7.
Anywhere
Convenient payments with an Internet Banking account and a computer or mobile device.
Anyone
Almost anyone can receive and send payments via FAST with the extensive network of participating banks and NFIs.
Applications
Who can use FAST?
Individuals
Customers with savings or current accounts at the participating banks or with e-wallet accounts at the NFIs can use FAST. FAST delivers immediate payments for insurance premiums, credit card bills, and school fees, among others.
Businesses
FAST allows businesses to collect immediate payments of up to S$200,000 per transaction, subject to the daily, monthly or annual transaction or any maximum allowable limits imposed by the bank or NFI.
How to Manage