Singapore

Bank account

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 be refunded on best effort basis 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	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	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)	6500039
32	Qatar National Bank SAQ	6500045
33	RHB Bank	6500022
34	SKANDINAVISKA ENSKILDA BANKEN	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	MITSUBISHI UFJ Bank, Ltd	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 be refunded on best effort basis 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	Maybank Singapore Limited - 6500054 (Individual Payment) Malayan Banking Berhad - 6500008 (Corporate Payment) HSBC BANK (Singapore) Limited - 6500049 (Individual Payment) HSBC Bank - 6500006 (Corporate Payment) Citibank - 6500013 (International Wire) Citibank Singapore Limited - 6500048 (only for SGD to SGD transactions)
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	HSBC Bank	6500006
6	Standard Chartered Bank	6500007
7	Malayan Banking Berhad	6500008
8	State Bank of India	6500009
9	Bank of China	6500011
10	Citibank	6500013
11	ANZ Bank	6500014
12	MITSUBISHI UFJ Bank, Ltd.	6500015
13	BNP Paribas	6500016
14	CIMB Bank	6500017
15	Deutsche Bank	6500018
16	HL Bank	6500020
17	Mizuho Bank	6500021
18	RHB Bank	6500022
19	Sumitomo Mitsui Banking Corporation	6500023
20	UCO Bank	6500044
21	Anext Bank Pte. Ltd.	6500046
22	Citibank Singapore Limited	6500048
23	HSBC BANK (Singapore) Limited	6500049
24	ICICI Bank Ltd	6500050
25	Industrial & Commercial Bank of China Limited	6500051
26	JPMorgan Chase Bank, N.A.	6500052
27	Maybank Singapore Limited	6500054
28	Green Link Digital Bank Pte Ltd	6500057
29	GXS Bank Pte Ltd	6500058
30	ManiBank Singapore Private Limited	6500059
31	Sing Investments & Finance Limited	6500060
32	Trust Bank Singapore Limited	6500061