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FAST (Fast and Secure Transfers)

FAST (Fast and Secure Transfers)

Make fund transfers instantly with FAST, 24 x 7.

Benefits

Real-time secure transfers

Real-time secure transfers

Pay and receive transfers securely, in real-time.

Make payments anytime, anywhere

Make payments anytime, anywhere

Enjoy the convenience of making payments any time, any day, 24/7.

Instant payment confirmation

Instant payment confirmation

Receive instant confirmation on your payments for greater peace of mind.

Ready to apply?

Ready to apply?

Leave us your details and we will get in touch with you as soon as possible. Alternatively, you may like to reach out to your Relationship Manager.

Frequently asked questions

What is FAST?
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FAST (Fast and Secure Transfers) is an electronic funds transfer service that allows customers to transfer Singapore Dollar funds almost instantly and 24x7 between FAST participating banks and non-bank financial institutions.

For the latest list of participating institutions, please refer to https://www.abs.org.sg/consumer-banking/fast.

In response to the increased customer demand for more convenient and efficient funds transfer methods, PayNow was introduced to simplify the transfers without the need for senders to know the recipient's bank and account number. Businesses can now easily send funds by using the recipient's mobile number and/or Singapore NRIC/FIN for individuals, the Unique Entity Number (UEN) for corporate recipients and the Virtual Payment Address (VPA) for NFI eWallet holders.

FAST is available anytime, 24x7, 365 days.

No. The recipient's bank account number is required to use FAST. The recipient's name is for reference purposes only.

No, FAST can only be used for Singapore Dollar funds transfers between accounts held with participating banks and non-bank financial institutions in Singapore.

You will know the status of the transfer by accessing your bank account via UOB banking apps. Please contact our Corporate Call Centre at 1800 226 6121 immediately if you have made a wrong funds transfer.

Note: Please exercise caution and due care when inputting the amount and crediting account details. Funds transferred via FAST will be credited to the recipient's account almost instantly.

Businesses may use any one of the below electronic delivery channels for making FAST payments. This includes PayNow Transfers via the FAST network.

a. UOB Infinity or UOB SME app


b. Regional File Transfer Service

c. UOB API Services

Yes, each FAST transaction is subject to an industry clearing limit of SGD200,000.

Yes, FAST payments are subject to the same security standards applied to all funds transfers effected via internet banking for businesses, which require the use of the security token.

You can contact us via the following:
Email: customer.service@uobgroup.com
Phone: Corporate hotline 1800 226 6121 and select the FAST option.

You need to provide your clients the following:

a. Bank Name:
• United Overseas Bank, (SWIFT BIC UOVBSGSGXXX)

b. For current or savings account
• Your 10 digit UOB account number

c. Your Account Name (for reference only, as all crediting will be processed based on Account Number)

Additional information

Terms & Conditions
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Terms & Conditions for FAST Credit Transfer .

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