FAST (Fast & Secure Transfers) is an electronic funds transfer service that addresses the increasing demand from consumers and businesses for a quicker funds transfer service, compared to current electronic funds transfer, cash or cheque.
ANZ customers with Current, Savings and MoneyLine accounts can transfer funds instantly to and from their ANZ accounts with Fast and Secured Transfer (FAST) through ANZ Personal Internet Banking.
With FAST, ANZ Personal Internet Banking lets you manage your finances safer, easier and faster, wherever you are.
Frequently Asked Questions on FAST
1. Which are the participating banks of FAST?
FAST will be offered by 14 banks - ANZ Bank, CIMB Bank, Citibank, DBS Bank/POSB, Deutsche Bank, Far Eastern Bank, HSBC, Maybank, OCBC Bank, RHB Bank, The Royal Bank of Scotland, Standard Chartered Bank, Sumitomo Mitsui Banking Corporation and United Overseas Bank. Additional banks will be joining at a later date.
2. Are there minimum and maximum transaction limits for using FAST?
You can transfer funds up to S$50,000 per transaction subject to your daily or monthly transfer limits.
3. How do I use FAST to transfer funds?
You can access FAST via Personal Internet Banking using devices such as tablet, smart phone or personal computer.
- Add a payee that belongs to one of the participating banks, if it’s a new payee.
- Choose “Funds Transfer”, “To Another Bank”, “One-Time Transfer” and “Transfer Via Fast”.
- Enter the recipient’s name and bank account number. The recipient’s name is for reference only.
- Enter a description and select purpose of payment.
- Enter a One-Time Password from your ANZ Security Device to complete the transfer.
4. Can I use FAST if I do not have an ANZ Personal Internet Banking Account?
Customers will require an ANZ Personal Internet Banking Account in order to use FAST transfer. Simply apply for the complimentary service.
5. Are FAST transfers secure?
FAST is secure and adopts the same security standards established by the banking industry in Singapore for funds transfer.
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