What is Transfer within iFAST Group?

Among the remittance methods of iFAST Global Bank, there is a function called “Transfer within iFAST Group", which allows everyone to achieve convenient and fast cross-border remittance in multiple countries and regions, and it's also free. However, many people may not know how to use it, so today's article will briefly introduce this function.

Why does this function exist?

This brings us to iFAST Group, which iFAST Global Bank belongs to. iFAST Group (Stock Code: SGX: AIY) is a global wealth management platform established in 2000. As of the fourth quarter of 2023, iFAST Group's assets under administration amounted to SGD 19.083 billion, with over 21,000 investment products on the platform. Its business covers Singapore, Malaysia, the United Kingdom, mainland China, and Hong Kong, providing services including online discretionary portfolio management, retirement planning, research and investment training, financial technology solutions, banking services, investment management, and trading services. The emergence of iFAST Global Bank bridges the connections between iFAST Group's platforms in various countries and regions.

What are the benefits of using Transfer within iFAST Group?

iFAST Global Bank belongs to the banking sector of iFAST Group's financial ecosystem. Through iFAST Global Bank, it is convenient, fast, and free to connect our funds to various investment accounts within iFAST Group. For example, you can use " Transfer within iFAST Group" to transfer funds from iFAST Global Bank to investment accounts like iGM or FSM one in Hong Kong or Singapore.

How do I link my iFAST Global Bank account to my iFAST investment account?

First, you need to have an iFAST investment account on the iFAST Group platform. Then log in to iFAST Global Bank and click on " Transfer within iFAST Group" to link your existing iFAST investment account. If you encounter any linking issues, you can contact us via email at clienthelp@ifastgb.com or click on "Help" and find "Start Conversation" to directly contact online customer service. After the linkage is completed, you can use the " Transfer within iFAST Group" function.

How long does it take to receive funds through iFAST Group platform internal transfer?

Transfers from iFAST Global Bank to iFAST investment accounts generally take 1-2 days to be credited. Transfers from iFAST investment accounts to iFAST Global Bank are usually credited immediately. If you submit the application before 3 pm (Singapore/Hong Kong/Malaysia time), your funds will arrive in your iFAST Global Bank account within the fastest 30 minutes after 5 pm (daylight saving time) or 6 pm (standard time), or at the latest within 24 hours on working days. If you submit the application after 3 pm (Singapore/Hong Kong/Malaysia time), your funds will arrive on the next working day at the earliest.