Overview
Payment Type | SWIFT (Priority) | Local (Regular) |
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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 |
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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.