If you do not have a Singapore bank account, you may transfer funds via wire/Telegraphic Transfer as well.
Please ensure that the remitting bank sends MT103 to the beneficiary bank so that we can apply funds to your account. For information on our bank account details, kindly refer to the 'Transfer Funds' page on our platforms. You will need to state your Portfolio ID in the reference or remarks column as well.
Name of Beneficiary Bank: DBS Bank
A/C Number: 0720110196
Account Name: Syfe Pte Ltd Clients AC
Bank Code: 7171
SWIFT/ BIC Code: DBSSSGSG
Please note that there is a minimum amount of USD10,000 per deposit for USD fund transfers.
Following your transfer, please email a copy of your bank transaction report to firstname.lastname@example.org for our record. The proof of transaction must contain the following information to avoid unnecessary delays in depositing funds to your account:
- Your Bank Name and Logo
- Your Bank Account Number
- Beneficiary Bank Account Number
- Date of Transfer
I would like to fund my account in USD. Should I use MEPS as a mode of transfer?
To transfer funds in USD, please only select Telegraphic Transfer as the transfer method. MEPS (MAS Electronic Payment System) is a real-time gross settlement system operated by the Monetary Authority of Singapore (MAS). When MEPS is used, all currencies will automatically be converted to SGD before the transfer. DBS Bank, as the receiving party of all fund transfers to Syfe, will then receive the funds in SGD. To avoid incurring unnecessary currency conversion charges, please select Telegraphic Transfer if you wish to transfer funds in USD.