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  • Receiving money
  • How do I use my SGD account details?

How do I use my SGD account details?

What are SGD account details?

These are your very own account details to receive Singapore dollars (SGD) with zero fees.

This isn’t a bank account, but the account number we give you works in the same way when receiving money. Share your account name and account number with your friends, company or customers and they can send you SGD from any Singapore bank account. And no one pays fees.

Get your SGD account details and share your details with the person who wants to pay you.

Receiving SGD for my personal Wise account

Receive money through FAST (Fast And Secure Transfers). You won’t be able to receive using GIRO, MEPS, PayNow, international wire, SWIFT, or by cash deposits.

Your SGD account details can only receive up to 200,000 SGD per transfer , but there’s no limit on how many transfers you can receive per day.

If your Wise account address is in Singapore, you cannot hold more than the equivalent of 5,000 SGD in your personal Wise account. This is because we are regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act.

Receiving SGD for my Wise Business account

You have 2 sets of account details for different purposes.

  1. Receive money instantly through FAST

  • That’s the most popular payment network in Singapore ─ instant payments 24/7.

  • There’s a transfer limit of 200,000 SGD per transfer. Payments over this amount will be refunded to the sender. But there’s no limit on how many transfers you can receive per day.

  • When your sender enters your account details in their banks’ system, they may see Wise Asia-Pacific Pte. Ltd. (Formerly TransferWise) as the bank. This is because Wise is a Non-Bank Financial Institution directly connected to the Fast and Secure Transfers (FAST) network.

2. Receive money from platforms like Google or Stripe through GIRO and MEPS 

  • To receive salary payments

  • There’s no limit to how much money you can receive per transfer

  • Payments can take 1-3 working days to arrive to your account.

  • When your sender enters your account details in their banks’ system, they may see DBS as the bank. This is our partner bank and we hold accounts with them. Although we are partnered with them, make sure to reach out to us if you have any questions about incoming payments. If they need a branch code, use 003.

You won’t be able to receive using other payment methods, like PayNow, international wire, SWIFT, or cash deposits.

Things you should know 

  • Your account details are unique to you, please ensure to share them to your senders without mistakes

  • You cannot receive payments from outside Singapore or in currencies other than SGD.

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Wise is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011, Firm Reference 900507, for the issuing of electronic money.