How do I place fixed deposits?
You will need to first open an ANEXT Business Account followed by an ANEXT Fixed Deposit Account before you can make placements. Each business can open only one ANEXT Fixed Deposit Account but multiple placements can be made under the same ANEXT Fixed Deposit account. If you have an ANEXT Business Account Step 1: Log […]
What are the available placement currencies?
You can place multiple fixed deposits in EUR, SGD and/or USD with a minimum amount of EUR 5,000, SGD 250,000 or USD 5,000 respectively. However, each placement must not exceed a maximum of $10,000,000 in its respective currency. You can choose from a placement tenure of 1, 3, 6, 9, 12 months. During the fixed […]
How can I set or change fixed deposit maturity instructions?
You can set your maturity instructions when you place the fixed deposit. There are 3 options which you can choose from: Renew principal – The principal amount will be used to create a new fixed deposit placement for the same tenure as your original placement. Renew principal and interest – The entire balance (your […]
Can I withdraw a fixed deposit placement before maturity (i.e., early withdrawal)?
Yes, you can withdraw a fixed deposit placement up to 1 working day before maturity. E.g. If the maturity date is 30 June, the last date you can make an early withdrawal is on 29 June. However if the maturity date falls on a Sunday, the last day that you can make a withdrawal is […]
Can my business take up multiple loans with ANEXT Bank?
No, a business can only apply and maintain one ANEXT Business Loan at the moment.
What happens if I receive funds in unsupported currencies?
The accepted currencies for non-SGD/USD/CNH/EUR transfers are GBP, HKD, JPY, KRW, MYR and THB. If the sender remits a currency we do not support, the transfer may be rejected/returned by the receiving or intermediary bank, or delayed while processing/verification checks are completed. Funds may not be credited to your account. Intermediary/sender bank fees may […]
How can my business receive payments?
You can receive SGD via PayNow/FAST/MEPS/GIRO. ANEXT does not charge an additional fee for incoming SGD transfers, subject to applicable limits. For PayNow, log in to Online Banking, navigate to PayNow Settings > My QR > Download to provide your PayNow ID or unique QR. For FAST, MEPS or GIRO, here are the information that […]
How can I use PayNow to receive payments?
To set up your PayNow ID: Step 1: Log in to Online Banking and navigate to PayNow > PayNow Settings > Click the ‘Register New’ button on the top right-hand corner. Step 2: Your UEN will be your PayNow ID by default. If you’ve linked your PayNow ID to another bank account, simply select […]
Can I schedule a transfer?
Scheduled transfers are available via payment channels FAST, GIRO and MEPS and will be submitted at 00:00 of the indicated scheduled date. Credit timing depends on the channel. Do note that if you’re selecting the MEPS channel, you can only schedule the transfer on a working day in Singapore.
Can I transfer funds between different currencies in my account?
Yes you can. Log in to Online Banking and navigate to Send > New Transfer. First select the currency you’d like to convert from, then navigate to ‘My Account(s)’ and select the currency you wish to convert to. FX conversions are done at the rate shown at the point of conversion. We do not charge […]