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Will Syfe automatically debit funds from my bank account?

Eliezer
  • Updated

We will never automatically debit funds from clients' bank accounts. For us to receive client funds, clients must either do a manual transfer using PayNow or FAST, or set up a standing instruction directly with their bank. 

Because standing instructions are set up by you directly through your banking platform, making a full withdrawal of your Syfe account does not automatically cancel the standing instruction you created.

Furthermore, we do not have the authorization to make any changes to our clients' standing instructions, given the fact that these were set up through our clients' respective banking platforms. 

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Pronounced as
Sounds like life

Why the name Syfe?
In Japanese, the word Saifu means wallet and to be closely associated with our most important attribute - which is the word safe

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