Payments & Transactions

FAST

Information

Fast And Secure Transfers (FAST) allows you to transfer funds in an instant! For more information, click here.

List of participating banks

Here is the list of FAST participating banks:

 

  • ANZ Bank
  • Bank of China
  • BNP Paribas
  • CIMB Bank
  • Citibank
  • DBS Bank
  • Deutsche Bank
  • Far Eastern Bank
  • Hong Leong Bank
  • HSBC
  • Maybank
  • Mizuho Bank
  • OCBC Bank
  • RHB Bank
  • Standard Chartered Bank
  • Sumitomo Mitsui Banking Corporation
  • The Bank of Tokyo-Mitsubishi UFJ
  • UOB Bank

FAST Fact Sheet

For the press release and fact sheet for FAST, please click here

Changes in HSBC Banking Details

Hongkong and Shanghai Banking Corporation Limited, Singapore Branch ("HSBC Singapore Branch") is subsidiarising its Retail Banking and Wealth Management business in Singapore (the "RBWM Business") whereby retail accounts of the RBWM Business of HSBC Singapore Branch (the "HSBC Singapore Branch Retails Accounts") will be automatically transferred to a locally incorporated subsidiary, HSBC Bank (Singapore) Limited (the"Subsidiary").


How it impacts you and what you need to do
If you would like to do an adhoc or future-dated/recurring fund transfer to HSBC Retail Account, please update your existing HSBC payee banking details manually by following these steps below. You may update the stored details of HSBC payee(s) manually via OCBC Online Banking from 9 May 2016 (0900hr) to prevent the FAST transfer from being rejected.

Ad-hoc FAST transfer

  1. Login to OCBC Internet Banking
  2. On the "Payment & transfer" tab of the top navigation, select "Transfer funds" in the drop down menu
  3. Select "Add & manage payees" on the left menu
  4. Select the affected HSBC personal banking accounts that you wish to delete and click on "Delete account"
  5. Click on "Add account" under the category "Accounts at the other banks in Singapore" and select "HSBC (Personal)" as the bank name
  6. Fill in the required details and a token PIN will be required to successfully add the new HSBC payee with the update details


Future-dated / Recurring transfer

  1. Login to OCBC Internet Banking
  2. On the "Payment & Transfer" tab of the top navigation, select "Transfer funds" in the dropdown menu
  3. Select “Manage future-dated and recurring transfer” on the left menu
  4. Select the affected fund transfer to HSBC personal banking account and click 'Delete". Ensure that the status is changed to "Deleted"
  5. After deletion, select 'Add & manage payees" on the left menu
  6. Select the affected HSBC personal banking accounts that you wish to delete and click on "Delete account"
  7. Click on "Add account" under the category "Accounts at other banks in Singapore" and select "HSBC(Personal)" as the bank name
  8. Fill in the required details and a token password will be required to successfully add the new HSBC payee with the updated details
  9. Select "Make a transfer" on the left menu
  10. Click on make a transfer to "another bank account in Singapore"
  11. Enter the details of the transfer and click on "Submit"

    For more information on the change in HSBC banking details, please visit http://www.hsbc.com.sg/retailbank.


HSBC banking details changes with effect from 9 May 2016

 Funds transfers to HSBC personal account
(changes with effect from 9 May 2016)
For funds transfer to HSBC corporate account
(No change)
Bank's full name: HSBC Bank (Singapore) Limited The Hongkong and Shanghai
Banking Corporation Limited, Singapore Branch
Swift Bank Identifier Code (BIC): HSBCSGS2 HSBCSGSG
Bank Code: 9548 7232
Fast Bank description: HSBC BANK (SINGAPORE) LTD HONGKONG AND SHANGHAI BANKING CORP
Name displayed in
OCBC Onling Banking fund transfer screen
HSBC (Personal) HSBC (Corporate)
Short name displayed in
OCBC ATM fund transfer screen
HSBCPERS HSBC BIZ

Termination of The Royal Bank of Scotland plc from FAST and GIRO Funds Transfer

FAQ for Termination of The Royal Bank of Scotland plc “RBS” from FAST & GIRO Funds Transfer Service

1. When will funds transfer service be terminated for RBS?

FAST and GIRO funds transfer services to The Royal Bank of Scotland plc (“RBS”) in Singapore will no longer be available from the following dates:

  • FAST payment and collection service will cease from 23 Dec 2016, 15:30hrs
  • GIRO payment and collection service will cease from 28 Dec 2016

2. What should I do if I have made funds transfer arrangements to my beneficiary’s RBS account?

If you have any funds transfer arrangements to RBS Singapore, please contact your beneficiary to make alternative arrangements for funds transfer.

 

3. What will happen to my recurring/future dated funds transfer to RBS?

The recurring or future dated funds transfer will not be successful and you will receive notification of the unsuccessful transaction on the day of the transfer. Please contact your beneficiary to make alternative arrangements for funds transfer.

 

4. How do I delete my RBS funds transfer beneficiary?

a) Login to OCBC Internet Banking
b) On the "Payment & transfer" tab of the top navigation, select "Transfer funds" in the drop down menu
c) Select "Add & manage payees" on the left menu
d) Select the affected RBS banking accounts that you wish to delete and click on "Delete account"

 

5. How do I delete my recurring/future dated funds transfer to RBS?

a) Login to OCBC Internet Banking
b) On the "Payment & Transfer" tab of the top navigation, select "Transfer funds" in the dropdown menu
c) Select “Manage future-dated and recurring transfer” on the left menu
d) Select the affected fund transfer to RBS account and click on “Delete". Ensure that the status is changed to "Deleted"

Termination of FAST and GIRO Funds Transfer Services for Far Eastern Bank Limited "FEB"

1. When will the funds transfer service to FEB be terminated?

  • FAST funds transfer service to Far Eastern Bank Ltd (“FEB”) will be terminated from 29 September 2017, 16:00hr.
  • GIRO funds transfer service to Far Eastern Bank Ltd (“FEB”) will be terminated from 30 March 2018, 00:00hr.
2. What will happen to my recurring/future dated FAST funds transfer to FEB?

From 29 September 2017, 16:00 hr, any recurring or future dated FAST funds transfer to FEB will not be successful and you will receive SMS notification of the unsuccessful transaction on the day of the transfer.

3. What will happen to my recurring/future dated GIRO funds transfer to FEB?

From 30 March 2018, 00:00hr, any recurring or future dated GIRO funds transfer to FEB will not be successful and you will receive SMS notification of the unsuccessful transaction on the day of the transfer.

4. What should I do if I have made funds transfer arrangements to my beneficiary’s FEB account?

Please contact your beneficiary to make alternative arrangements for funds transfer.

5. How do I delete my FEB funds transfer beneficiary?

  • Login to OCBC Internet Banking with your Access Code and PIN.
  • At the top navigation menu, select "Payments & transfers" > "Transfer funds"
  • Enter a One-Time-Password (OTP).
  • On the left menu, click on "Add & manage payees".
  • Select the affected FEB banking account(s) that you wish to delete and click on "Delete account".
  • Click on “Yes” to confirm the deletion. You will receive SMS notification when the beneficiary is successfully deleted.

6. How do I delete my recurring/future dated funds transfer to FEB?

  • Login to OCBC Internet Banking with your Access Code and PIN.
  • In the top navigation menu, go to "Payment & Transfer" > "Transfer funds".
  • Select “Manage future-dated and recurring transfer” on the left menu
  • Select the affected fund transfer to FEB banking account and click on “Delete". Please ensure that the status is changed to "Deleted".
7. If you received an SMS from OCBC on the termination of FAST Funds Transfer for FEB, please do the following steps:
  1. Contact your beneficiary to make alternative arrangements for funds transfer.
  1. Delete existing FEB beneficiary and future-dated / recurring funds transfer.
  • Please refer to steps in point 5 and 6 above.
  1. Add new Payee if required
  • Select “Add & manage payees” on the left menu.
  • Select “Accounts at other banks in Singapore” > “Add account”
  • Select bank and click on “Next”.
  • Enter the required details and click on “Next”.
  • Enter hardware token password.
  1. Set-up future-dated / recurring funds transfer to new payee
  • Select “Make a transfer” > “to another bank account in Singapore” on the left menu.
  • Enter the required details and click on “Next”.