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

FAST Fact Sheet

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

Changes in Maybank banking details from 5 November 2018

Malayan Banking Berhad, Singapore Branch (MBS) will be transferring its Community Financial Services business to Maybank Singapore Limited (MSL), a subsidiary incorporated in Singapore. The transfer will include:

a) For Retail

  • Personal banking
  • Privilege wealth
  • Premier wealth
  • Private wealth

b) SME – Retail, Small Medium Enterprises (RSME) Banking and
c) Commercial Banking

Whom does this impact

Customers who have currently set up a Maybank payee belonging to the segments listed above

How this impacts you

Fund Transfers to Maybank payees with bank description name “Malayan Banking Berhad” will fail from 5 November 2018. This applies to future dated transfers set up on or before 5 November 2018 as well.

What you need to do from 5 November onwards

a) If you have successfully performed a FAST transfer to an existing Maybank Singapore Branch Account (the “Payee”) belonging to the segments listed above, between 3 November 2016 to 2 November 2018, OCBC Bank will convert the banking details of the Payee from “Malayan Banking Berhad” to “Maybank Singapore Limited”, without any action required of you. This includes changing a new BIC/Bank code.

Please note that OCBC Bank will make these changes without any further instruction from you.


b) For the remaining affected Payees that were not converted to the new banking details, please use the steps below to delete your existing payee details and add a new payee with the correct details:

FAST 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 “Add & manage payees” on the left menu

4. Select the affected Maybank retail banking accounts that you wish to delete and click on “Delete account”

5. Click on “Add account” under the category “Accounts at other banks in Singapore” and select “Maybank Singapore Limited”as the bank name.

6. Fill in the required details and a token PIN will be required to successfully add the new Maybank payee with the updated details

Recurring / Future-dated 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. Click on “Delete” for the corresponding funds transfer to the affected Maybank retail banking account

5. Select the recurring/ future transfers scheduled and click on “Delete Selected"

6. Ensure that the status is changed to “Deleted”

7. After deletion, select “Add & manage payees” on the left menu

8. Select the affected Maybank retail banking accounts that you wish to delete and click on “Delete account”

9. Click on “Add account” under the category “Accounts at other banks in Singapore” and select “Maybank Singapore Limited”as the bank name

10. Fill in the required details and a token password will be required to successfully add the new Maybank payee with the updated details

11. Select “Make a transfer” on the left menu.

12. Click on make a transfer “to another bank account in Singapore”

13. Enter the details of the transfer and click on “Submit”

Change in Maybank Banking details with effect from 5 November 2018

 

For funds transfers to

Maybank Singapore Limited

For funds transfer to

Malayan Banking Berhad,

Singapore Branch

Bank’s full name:

Maybank Singapore Limited

“MSL”

Malayan Banking Berhad,

Singapore Branch

“MBS”

Customer segment

Community Financial Services

1. For Retail

  • Personal banking
  • Privilege wealth
  • Premier wealth
  • Private wealth

2. SME - Retail, Small Medium Enterprises (RSME) Banking

3. Commercial Banking

 Global Banking

  1. Corporate banking
  2. Global markets

SWIFT Bank Identifier Code (BIC):

MBBESGS2

MBBESGSG

Bank Code:

7302

9636

FAST bank description:

Maybank Singapore Limited

Malayan Banking Berhad

Name displayed in OCBC Online Banking fund transfer screen

Maybank Singapore Limited

Malayan Banking Berhad

Short name displayed in OCBC ATM fund transfer screen

MAYBK-SG

MAYBK-BR


Please note that from Friday 2 November 2018 (4pm) till Monday 5 November 2018 (8am), FAST and PayNow service will not be available for Maybank.

For more information on the change in Maybank Banking details, please visit https://info.maybank2u.com.sg/about-us/local-incorporation.aspx

 

 

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 28 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 28 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”.