Transfer money instantly with POSB PayNow

PayNow is an electronic fund transfer service that allows you to transfer SGD funds¹ instantly to a payee, using the payee's designated mobile number or NRIC/FIN or UEN number instead of his/her bank account number.

A payee can receive funds via PayNow as long as he/she has a Singapore bank account with one of the PayNow participating banks², and has registered his mobile number, UEN or NRIC/FIN as a PayNow Proxy with the participating bank.

¹ You can transfer SGD funds via PayNow up to your maximum daily local interbank transfer limit. You can check and amend this limit via digibank. Daily transfer limit is capped at SGD200k.

² PayNow is only available for participating banks in Singapore. See question 4 for the list of participating banks.

You can register for PayNow via digibank online and digibank. During registration, you will be asked to select the DBS/POSB account that you want to link to your selected PayNow Proxy (mobile number and/or NRIC/FIN number).

Please note that you will need to register for PayNow first, before you can receive funds into your DBS/POSB bank account via PayNow.

When a sender wishes to transfer funds to you via PayNow, he/she will enter your PayNow-registered mobile or NRIC/FIN and perform a lookup. Doing so will display your PayNow name with only selected letters shown, which in turn will allow the sender to verify that he/she is indeed transferring funds to the right person.

Please note that the Bank may limit the number of times a user can perform a Lookup within a time period. In addition, the Bank may, at its discretion, suspend or withdraw the PayNow service from any user found abusing the lookup feature.

• ANEXT Bank
• ANZ
• BNP Paribas
• BOC
• CIMB
• Citibank
• DBS Bank/POSB
• Deutsche Bank
• GLDB
• GXS
• HL Bank
• HSBC
• ICBC
• JP Morgan
• MariBank
• Maybank
• OCBC
• RHB
• SBI Singapore
• SMBC
• Standard Chartered Bank
• Trust
• UOB

• Grab Financial Group
• Liquid Group
• Nium
• Singtel Dash
• Wise
• Xfers

A PayNow Proxy is a personal identifier that you can link to your bank account.

Existing customers with DBS or POSB current/savings accounts can link the following proxies to their bank account:

• NRIC or FIN number;
• A mobile number (local or foreign) that you have registered with DBS/POSB.

Please note that you can only register your bank-registered NRIC/FIN number and mobile number as PayNow Proxies, so please be sure to update your details with us.

Similar to mobile, NRIC/FIN and UEN, a VPA is a proxy that is used as an identifier, that can be uniquely mapped to an individual account. However, VPA is a proxy used only by Non-Bank Financial Institutions (NFIs), where users of participating NFIs can link to their e-wallets to receive funds via PayNow.

A VPA will always have the following format:

• Grab user: 
  +(Country Code)(mobile number)#GRAB [Consumer]
  UEN(UEN Number)#GRAB [Corporate]
  For example,
  +6591234567#GRAB
  UEN1234567#GRAB
• Liquid user:
  +(Country Code)(mobile number)#XNAP [Consumer]
  UEN(UEN Number)#XNAP [Corporate]
  For example,
  +6591234567#XNAP
  UEN1234567#XNAP
• Singtel Dash user:
  +(Country Code)(mobile number)#DASH [Consumer]
  UEN(UEN Number)#DASH [Corporate]
  For example,
  +6591234567#DASH
  UEN1234567#DASH

Note that you will only be able to link your mobile number and NRIC/FIN number to your DBS or POSB current/savings account.

Once you receive your blue NRIC, please proceed to the nearest DBS/POSB branch to update your NRIC in the bank's records. During the update process, your FIN Proxy will be de-registered from PayNow and your NRIC will become eligible for registration.

You can subsequently register your NRIC as a PayNow Proxy, via DBS digibank or your digibank App.

If you have recently changed your mobile number, you should first update your new mobile number with the bank. You can do so via DBS iBanking, or by visiting a DBS/POSB branch.

Once you have updated your mobile number with the bank, your old mobile number will automatically be de-registered from PayNow. An SMS notification will be sent to the old mobile number, to confirm the de-registration.

You can then register your new mobile number as a PayNow Proxy via DBS iBanking, iWealth or your digibank App.

This might be because you have already registered that mobile number as a PayNow Proxy with another bank, in which case you will first need to de-register your Proxy from the other bank. Please note that you cannot register the same mobile number as a PayNow Proxy with 2 different banks.

However, if you have never registered your mobile number as a PayNow Proxy with another bank, such a scenario might arise if you are using a recycled mobile number that used to belong to someone else. You can call our hotline or visit your nearest DBS/POSB branch to report this issue, and our bank officers will assist you accordingly. Please note that such issues may take up to 9 working days to be resolved.

The maximum limit for PayNow transfers is the same as of your daily local interbank transfer limit. You can manage this limit online via DBS iBanking.

The maximum transaction amount for PayNow is S$200k per transaction, which follows the industry limit and cannot be adjusted.

PayNow transfers up to a cumulative daily limit of S$1,000 can be performed without requiring your iBanking token.

For PayNow transfers above S$1,000, you will need to perform transaction signing (using your iBanking token) to add the recipient as a payee.

To change PayNow transfer limit instantly, simply follow the steps below.

For Digibank mobile:
Step 1: Log in to digibank app. Tap More
Step 2: Under Transfer Settings, tap on Local Transfer Limit
Step 3: Tap To Other Banks and change your limit accordingly

For Digibank online:
Step 1: Log in to digibank online
Step 2: Complete authentication process
Step 3: Under Transfer, select More Transfer Services
Step 4: Under Manage Recipients and Transfers, select Change Local Transfer Limit
Step 5: Select Other local bank account and change your limit accordingly.

Click here to learn more.

Prior to performing a PayNow transfer, you should check whether the PayNow-registered mobile number or NRIC/FIN you are sending funds to belongs to your intended payee.

When making a PayNow transfer, you will first enter the PayNow-registered mobile number and/or NRIC/FIN of the person you wish to pay. You will then see part of the recipient’s name. Please check the PayNow name and details before confirming the transfer.

You should call our DBS/POSB hotline immediately to report the erroneous transfer and to follow our usual procedures for such mistaken transfers. In addition, you should lodge a police report, and be responsive to police investigations.

The bank will do its best to help recover the funds for you. However, recovery is not guaranteed. To avoid this, please check the PayNow name and details before confirming the transfer.

You should call our DBS/POSB hotline immediately to report the erroneous transfer and we will take the necessary steps to reverse such transaction.

Please note that if we are informed by the sender of the funds (or an authorised representative) that a transfer was made to you erroneously, the Bank has the right to and may reverse such transaction pursuant to our Standard Terms and Conditions Governing Accounts without further reference to you. If you wish to dispute the error alleged by the sender, you may approach the sender of the funds directly.

We wish to highlight that it is a criminal offence to hold or use funds that do not belong to you.

Scan & Pay is a functionality on DBS/POSB digibank and iWealth app. It enables customers to scan the following QR code for payment:

• NETS QR
• PayNow QR
• SGQR (supporting NETS and/or PayNow)

All DBS and POSB customers who have digibank/iWealth app will be able to use Scan & Pay.

Use Scan & Pay for your payments at various merchants including hawkers, restaurants, beauty salon and more. Simply look out for the logos below which are displayed at checkout counters. Just tap on "Scan & Pay" icon on digibank/iWealth app home screen to scan.

Note: PayLah! QR code can only be scanned exclusively on DBS Paylah! App. Learn More.

Your daily limit follows your “Transfer To Other banks” daily limit. You can set and adjust the daily transaction limit by logging into digibank app and tap on More > Local Transfer Limit > To Other Banks.

From 10 March 2024, you will no longer be able to use DBS PayLah! as your source of funds when you Scan & Pay via our digibank app.

Only DBS/POSB current/saving accounts can be used as source of funds for Scan & Pay transaction. You can change the default source of funds by logging into digibank app and tap on More > Manage Scan & Pay.

You may delete the app to deactivate the service.

After registration, your child would be able to receive funds from anyone, including you, companies and government agencies via PayNow.

You can use digibot to link your child’s PayNow to an existing account. Digibot is a simple way to register for your child. Click here for the detailed steps to navigate.

*You can only register on behalf of your child via digibot if you fulfil these criteria:

1. You hold a Joint-alternate or Trust-minor account with your child, and
2. Your child is below 16 years old.

Yes, both you and your child can link PayNow to the same account, if both of you are account holders of that account. Incoming funds via PayNow to both you and your child will be credited to this account.

If your child’s PayNow is linked to a joint-account held jointly with you, you will also receive the transaction alert. Both account holders of the joint account will receive the alert via their registered mobile number and email address. However, if your child’s PayNow is linked to his own single-name account, the transaction alert will only be triggered to your child.

From 16 Feb 2020, all incoming PayNow transaction alerts will only be sent to your email address on our records. Please ensure that your email address is up to date. You can update your email address here.

No, there is no minimum age.

For the complete list of FAQs, please click here.