RHB

BENEFITS
  • Ad-hoc transfer or payment of funds can be carried out within accounts of the 14 participating banks; payments can be received almost instantaneously
  • Know almost instantly whether the transfer or payment is done successfully
  • Know the status of the transfer by accessing your bank account via internet banking service or via notification service offered by your bank

Comparison on number of days taken to receive payments:

Payment Type Receipt of Payments
FAST Almost Immediate, 24x7 basis
Cheque Up to 2 working days
eGIRO Up to 3 working days
FAQ
You can access FAST via RHB Now Internet Banking’s Fund Transfer service, and by selecting the “FAST” option before confirming the transaction.
FAST is available 24x7, 365 days for all participating retail banks.
At this moment, RHB Bank is offering the FAST service to our customers at no cost.
As FAST is a feature in RHB internet banking, it utilises the existing 2-factor authentication and transaction signing system to ensure a secure transaction, using the OneKey Token. FAST will continue to leverage on the established GIRO payment system as the clearing infrastructure.
As compared to the current electronic fund transfer system which takes 3 to 5 working days to process, FAST transactions will complete almost instantaneously, with users knowing within 5 minutes of a successful transaction.
For a start, FAST will be offered by 14 banks, including RHB Bank. The other banks are ANZ Bank, CIMB Bank, Citibank, DBS Bank/POSB, Deutsche Bank, Far Eastern Bank, HSBC, Maybank, OCBC Bank, Royal Bank of Scotland, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and UOB Bank.
Other banks may come on board at a later date and the public will be informed of new participating banks
If you were to make a fund transfer from a FAST participating bank to another bank which does not offer FAST, it will still take 2 to3 business days for the payment or transfer to be effected.
Customers should exercise due care when keying in the amount and bank account number, similar to using current electronic funds transfer services via ATM or internet banking. Funds transferred via FAST will be credited to the recipient’s bank account almost instantly.

Please contact us immediately if you have made a wrong fund transfer.
No, FAST can only be used for Singapore Dollar funds transfers between the 14 participating banks in Singapore.
FAST is an added value service to our customers. You may also still choose to use the existing GIRO payment method (which takes between 2 to 3 days).
Your existing GIRO arrangements will not be affected. FAST will serve as a supplemental option for you to conduct payments or fund transfers with 24 x 7 capabilities, and a faster turnaround time. Should there be any impact to your existing GIRO arrangements; the Bank will keep you informed.

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