1. What is PayNow? What are the advantages of depositing funds through PayNow?
PayNow only supports deposits in Singapore dollars (SGD) at present. Therefore, please ensure that you transfer SGD.
Transfer limits and rules may vary between banks. We recommend consulting with your bank before initiating a transfer.
There are no fees for deposits made using PayNow.
Deposits made through PayNow are typically processed in real-time, so the funds may be credited to your account very quickly.
2. How do I initiate a deposit via PayNow in Tiger Trade APP?
Go to "Trade > Deposit > SGD > PayNow" in your Tiger Trade App
Initiate a PayNow transfer in your bank app, PayNow offers two transfer methods, and you can choose one of them based on your needs:
a. Scan the QR code via your bank app
b. Enter the UEN (tap the black computer icon in the top right-hand of the QR code to switch)
Then enter the transfer amount.
Once the transfer is successful, your funds will usually be credited to your Tiger account in 3 minutes.
*Note: If additional verification steps are required, it may take longer for the funds to arrive.