Singapore
Account channel
Service specification
Type | Description |
Direct to Bank method | Direct 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 availability | Singapore nationwide |
Validation / Verification | No system validation on account available. |
Amount received | Beneficiary received net amount as specified by Sender. |
Transaction Limit | Maximum per Transaction SGD 1,000,000.00 Minimum per Transaction SGD 1.00 Compliance accumulated limit SGD 65,000.00 per day per Beneficiary |
Maximum Beneficiary | No restriction |
Service Charge | Transaction 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 Process | Cancellation is on best effort basis. |
Remarks | |
Do_Transfer bAccType Value | 1 |
Supported bank
No | Name | Issuer Code |
1 | Deutsche Bank | 6500018 |
2 | ANZ Bank | 6500014 |
3 | BANGKOK BANK PUBLIC COMPANY LIMITED | 6500024 |
4 | BANK OF AMERICA, NATIONAL ASSOCIATION | 6500025 |
5 | Bank of China | 6500011 |
6 | BANK OF EAST ASIA LTD | 6500026 |
7 | BANK OF INDIA | 6500027 |
8 | Bank of Singapore | 6500005 |
9 | BNP Paribas | 6500016 |
10 | CHINATRUST COMMERCIAL BANK CO LTD | 6500028 |
11 | CIMB Bank | 6500017 |
12 | Citibank | 6500013 |
13 | COMMERZBANK AKTIENGESELLSCHAFT | 6500029 |
14 | CréDIT AGRICOLE CORPORATE AND INVESTMENT BANK | 6500030 |
15 | DBS Bank | 6500001 |
16 | DnB BANK ASA | 6500031 |
17 | Far Eastern Bank | 6500019 |
18 | FIRST COMMERCIAL BANK | 6500032 |
19 | HL Bank | 6500020 |
20 | HSBC Bank | 6500006 |
21 | INDIAN BANK | 6500033 |
22 | INDIAN OVERSEAS BANK | 6500034 |
23 | INTESA SANPAOLO S.p.A. | 6500035 |
24 | KOREA EXCHANGE BANK | 6500036 |
25 | Malayan Banking (Maybank) | 6500008 |
26 | Mizuho Bank | 6500021 |
27 | NATIONAL AUSTRALIA BANK LTD | 6500037 |
28 | NORDEA BANK FINLAND PLC | 6500038 |
29 | OCBC Bank | 6500002 |
30 | POSB Bank | 6500004 |
31 | PT BANK NEGARA INDONESIA (PERSERO) TBK | 6500039 |
32 | Qatar National Bank SAQ | 6500045 |
33 | RHB Bank | 6500022 |
34 | SKANDINAVISKA ENSKILDA BANKEN AB | 6500040 |
35 | SOCIETE GENERALE | 6500041 |
36 | Standard Chartered Bank | 6500007 |
37 | State Bank of India | 6500009 |
38 | Sumitomo Mitsui Banking Corporation | 6500023 |
39 | SVENSKA HANDELSBANKEN AB | 6500042 |
40 | The Bank of Tokyo-Mitsubishi UFJ | 6500015 |
41 | UBS AG | 6500043 |
42 | UCO BANK | 6500044 |
43 | UOB BANK | 6500003 |
Real time transfer
Service specification
Type | Description |
Cash-out Method | Direct 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 availability | Singapore 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 received | Beneficiary received net amount as specified by Sender. |
Transaction Limit | Maximum per Transaction SGD 200,000.00 Minimum per Transaction SGD 1.00 Compliance accumulated limit SGD 65,000.00 per day per Beneficiary |
Maximum Beneficiary | No restriction |
Service Charge | Transaction 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 Process | Cancellation is on best effort basis. |
Remarks | |
Do_Transfer bAccType Value | 10 |
Supported bank
No | Name | Issuer Code |
1 | DBS Bank | 6500001 |
2 | OCBC Bank | 6500002 |
3 | UOB Bank | 6500003 |
4 | POSB Bank | 6500004 |
5 | Standard Chartered Bank | 6500007 |
6 | Bank of China | 6500011 |
7 | BNP Paribas | 6500016 |
8 | CIMB Bank | 6500017 |
9 | CréDIT AGRICOLE CORPORATE AND INVESTMENT BANK | 6500030 |
10 | Mizuho Bank | 6500021 |
11 | Sumitomo Mitsui Banking Corporation | 6500023 |