Overview

Payment Type	SWIFT (Priority)	Local (Regular)
Cut off time (UK Time)	2:00 pm	2:00 pm
Delivery time frame	1 day	1 day
Maximum payment size	No limit	SGD 200,000
Payment Scheme	SWIFT	FAST
Destination countries	Any (excluding sanctioned)	Singapore
Traces	Yes	No
Recalls	Yes	No
Ultimate payer displayed?	Yes	No

 

Required Details

Local (Regular) Payment

Field	Individual	Company	Permitted Data	Notes
Beneficiary Entity Type	✓	✓	‘individual’ or ‘company’ only
Beneficiary First Name	✓	✕	1-255 characters*
Beneficiary Last Name	✓	✕	1-255 characters*
Beneficiary Company Name	✕	✓	1-255 characters*
Beneficiary Address	✓	✓	1-255 characters*
Beneficiary City	✓	✓	1-255 characters*
Beneficiary Country	✓	✓	1-255 characters*
Account Number	✓	✓	6-34 alphanumeric characters	We validate that the account number provided is a valid one.  We do not currently perform checks against the account name.
BIC SWIFT	✓	✓	Valid ISO 9362 SWIFT BIC code; 8 or 11 alphanumeric characters
Payment Currency	✓	✓	3 letter ISO currency code
Payment Amount	✓	✓	Numeric amount
Payment Reference	✓	✓	1-255 alphanumeric characters	The scheme only supports 200 alphanumeric characters. The reference field will be truncated to fit this limit.
Payment Reason	✓	✓	1-255 alphanumeric characters
Payer Entity Type	✓	✓	‘individual’ or ‘company’ only
Payer First Name	✓	✕	1-255 characters*
Payer Last Name	✓	✕	1-255 characters*
Payer Company Name	✕	✓	1-255 characters*
Payer Address	✓	✓	1-255 characters*
Payer City	✓	✓	1-255 characters*
Payer Country	✓	✓	2 letter ISO country code
Payer Date of Birth	✓	✕	ISO 8601 format (YYYY-MM-DD).
Payer Identification Type	✓	✓	‘incorporation_number’, ‘passport’ or ‘drivers_license’ only	‘passport’ or ‘drivers_license’ only for payer entity types of ‘individual’. ‘incorporation_number’ only for payer entity types of ‘company’.
Payer Identification Value	✓	✓	1-255 characters*

* Please note that non ASCII characters will be transformed to ASCII equivalent or removed on a best endeavours basis in order to comply with the restrictions of the domestic payment scheme.