FAST (Fast And Secure Transfers)

Make interbank transfers instantly with FAST

With FAST, you can now transfer or collect SGD funds to any of the
19 participating banks anytime.

 

 


Most affordable service for urgent transfer or receiving of funds

FAST Payment
Make payments of up to S$50,000 to any of the
19 participating banks.

Charges:
S$5 per transaction

 

FAST Collection
Receive payments of up to S$50,000 from any of
the 19 participating banks.

Charges:
S$5 per transaction

Fastest & Easiest way to make a transfer or collection!

Available on Velocity@ocbc (business internet banking), you can make payments or schedule collections 24x7, 365days

Funds will be received almost immediately.

How to make a FAST payment

How to make a FAST collection



More questions?

 

You need to have a Singapore dollar account for Business and a Velocity@ocbc (business internet banking) account.

Your Velocity@ocbc account must be able to perform transactions in order to perform a FAST transaction.

 

Same-day payments above S$50,000 will be processed under MEPS.

Standard charge of S$20 per MEPS transaction applies.

 

You can break the collection into multiple transactions; each transaction must be below S$50,000.

 

Yes, you can still make urgent transfers to other banks. However, these transfers will be processed as a MEPS transaction.

The funds will reach your payee's bank within the same working day, provided that submission is made before 4.30pm via Velocity@ocbc.

Standard charge of S$20 per MEPS transaction applies.

 

No. Collection from a bank that is not in the list of participating banks will be processed as a GIRO Collection. The funds will take up to 2 working days to reach you.

Standard charge of S$0.20 per GIRO transaction applies.

 

No, FAST is only available via Velocity@ocbc (business internet banking) for business banking customers.

Here is how you can perform a FAST payment via Velocity@ocbc (business internet banking).

 

For a FAST single transaction that is future-dated, you can perform a Stop Payment via Velocity@ocbc.

For a FAST single transaction that is same value date (as the day you wish to stop payment) with a future value time, please submit the FAST Stop Payment/Delete Batch Request Form to any OCBC branch.

For a FAST Batch submission or File upload,  please submit the FAST Stop Payment/Delete Batch Request Form to any OCBC branch.

Forms submitted to the branch on weekdays before 3pm (excluding public holidays) will be processed on the same working day.

Forms submitted to the branch after 3pm on weekdays or on weekends and public holiday will be processed on the next working day.

 

If the payee's bank is OCBC Bank, HSBC or State Bank of India, please enter the full account number, including the branch code.

This should either be a 10 or 12 digit account number for OCBC Bank, a 12 digit account number for HSBC, or a 14 digit account number for Bank State of India.

Here's an example of an OCBC Bank account number: 501123956001



 

 

 

Learn more about

FAST for Personal Banking