How to transfer using PayNow?

Transfer using PayNow

You can use the button above to perform an Instant Local Transfer via PayNow to credit your IBKR account.

Alternatively, follow these steps below:

  1. Log in to Client Portal
  2. From the Transfer & Pay menu, select Transfer Funds and then Deposit Funds
  1. Select SGD as the Currency for the deposit from the drop down menu
  2. Select the "Instant Local Transfer via PayNow" deposit method
  1. Select your eligible bank and input your bank account number
  2. Select Get Instructions to generate the Transfer Instructions
  3. Scan the generated QR code with your mobile banking application or instruct your bank to make a transfer using IBKR's Unique Entity Identifier ("UEN"). 
  1. Ensure your IBKR Account ID is input in the Bill Reference No./Message to Payee field.  Failure to do so may result in delays to your funds being credited to your account or may cause them to be returned.
  1. Select Finish after you successfully instruct your bank to make the transfer.

Notes:

  • Before instructing a PayNow deposit from your bank, ensure to first create a deposit notification to get up-to-date transfer instructions.
  • Most banks will process your PayNow transfer request within minutes but may do so by the end of the business day.
  • Transfer limit is up to SGD 200,000 per transaction, subject to limits set by your bank.
  • If your bank code is not auto-filled after selecting your bank, please manually input the bank code.

Additional Information:

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