Singapore

Account Channel

Service Specification

TypeDescription
Cash-out MethodDirect credit to bank account in Singapore Dollar (SGD).
Supported beneficiary account type – individual and company
Supported sender type - individual and company
Transaction Turnaround Time· T+1 Singapore Banking day for transaction processed and credited before 5.00pm (Mon-Fri) GMT +8
· Up to T+2 Singapore Banking days for transaction processed and credited after 5.00pm (Mon- Fri) GMT +8
· Transaction final status received T+2 (before cutoff) or T+3 (after Cutoff) Singapore Banking day (subject to bank systems). For e.g. a transaction is processed at 11am GMT +8 on Day 1, and transactions is credited on next day (Day 2). However, Tranglo system will only transmit the final status on the following business day(s) (Day 2 or 3) where applicable
· Transaction sent on Saturday or Sunday or Public Holiday will be processed on next Singapore Banking day
Area availabilitySingapore nationwide
Validation / VerificationNo system validation on account available.
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction SGD 1,000,000.00
Minimum per Transaction SGD 1.00
Compliance accumulated limit SGD 15,000.00
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will not be refunded once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
Remarks
Do_Transfer bAccType Value1

Supported Bank

NoNameIssuer Code
1Deutsche Bank6500018
2ANZ Bank6500014
3BANGKOK BANK PUBLIC COMPANY LIMITED6500024
4BANK OF AMERICA, NATIONAL ASSOCIATION6500025
5Bank of China6500011
6BANK OF EAST ASIA LTD6500026
7BANK OF INDIA6500027
8Bank of Singapore6500005
9BNP Paribas6500016
10CHINATRUST COMMERCIAL BANK CO LTD6500028
11CIMB Bank6500017
12Citibank6500013
13COMMERZBANK AKTIENGESELLSCHAFT6500029
14CréDIT AGRICOLE CORPORATE AND INVESTMENT BANK6500030
15DBS Bank6500001
16DnB BANK ASA6500031
17Far Eastern Bank6500019
18FIRST COMMERCIAL BANK6500032
19HL Bank6500020
20HSBC Bank6500006
21INDIAN BANK6500033
22INDIAN OVERSEAS BANK6500034
23INTESA SANPAOLO S.p.A.6500035
24KOREA EXCHANGE BANK6500036
25Malayan Banking (Maybank)6500008
26Mizuho Bank6500021
27NATIONAL AUSTRALIA BANK LTD6500037
28NORDEA BANK FINLAND PLC6500038
29OCBC Bank6500002
30POSB Bank6500004
31PT BANK NEGARA INDONESIA (PERSERO) TBK6500039
32Qatar National Bank SAQ6500045
33RHB Bank6500022
34SKANDINAVISKA ENSKILDA BANKEN AB6500040
35SOCIETE GENERALE6500041
36Standard Chartered Bank6500007
37State Bank of India6500009
38Sumitomo Mitsui Banking Corporation6500023
39SVENSKA HANDELSBANKEN AB6500042
40The Bank of Tokyo-Mitsubishi UFJ6500015
41UBS AG6500043
42UCO BANK6500044
43UOB BANK6500003

Real Time Transfer

Service Specification

TypeDescription
Cash-out MethodDirect credit to bank account in Singapore Dollar (SGD).
Supported beneficiary account type – individual and company
Transaction Turnaround Time· Real-time: 24x7 (within 10 minutes)
Area availabilitySingapore nationwide
Validation / Verification· Real-time credit to account only check account number, name is ignored Amount received Beneficiary received net amount as specified by Sender
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction SGD 200,000.00
Minimum per Transaction SGD 1.00
Compliance accumulated limit SGD 15,000.00
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will not be refunded once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
Remarks
Do_Transfer bAccType Value10

Supported Bank

NoNameIssuer Code
1DBS Bank6500001
2OCBC Bank6500002
3UOB Bank6500003
4POSB Bank6500004
5HSBC Bank6500006
6Standard Chartered Bank6500007
7Malayan Banking (Maybank)6500008
8Bank of China6500011
9Citibank6500013
10ANZ Bank6500014
11The Bank of Tokyo-Mitsubishi UFJ6500015
12BNP Paribas6500016
13CIMB Bank6500017
14CréDIT AGRICOLE CORPORATE AND INVESTMENT BANK6500030
15HL bank6500020
16Mizuho Bank6500021
17RHB Bank6500022
18Sumitomo Mitsui Banking Corporation6500023