Coming your way: Instant access to interbank fund transfer in Singapore
Published on Feb 24, 2014 4:15 PM
Customers who want to transfer funds from one bank to another will find it easier with a new initiative by the Association of Banks in Singapore (ABS).
Under the electronic funds transfer service, customers can transfer funds from one bank to another almost immediately.
It now takes up to three working days to do so, using eGiro or other over-the-counter methods.
The new service, known as FAST or Fast And Secure Transfers, will be launched by the middle of this year.
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