Which deposit methods are available? (OANDA Asia Pacific)
What should I keep in mind before depositing funds?
As we may sometimes need to contact you about your deposits, we encourage you to closely monitor your email inbox (including your junk folder). Before proceeding, please note the following OANDA policies:
- OANDA cannot accept payments from third parties except for joint accounts. Ensure that the name on the originating account matches those on your OANDA account.
- OANDA cannot accept payments from other Broker Accounts. Ensure that your wire transfers are sent from a bank account in your name.
DBS bill pay (SGD accounts only): what should I know?
| Minimum deposit | Maximum deposit | Average processing time | Fees |
|---|---|---|---|
| None | None | One to two business days | None |
- Provide your OANDA v20 account number as bill reference.
- We do not accept deposits via PayLah or GooglePay. Any deposits received by these methods will be returned. Documents such as proof of transfer and bank statements will be needed for our verification purpose.
PayNow/QR Pay (SGD accounts only): what should I know?
| Minimum deposit | Maximum deposit | Average processing time | Fees |
|---|---|---|---|
| None | None | One to two business days | None |
We
do not
accept deposits via PayLah. Any deposits received by this method will be returned to the depositor's bank account. Documents such as proof of transfer and bank statements will be needed for our verification purpose.
PayNow deposits can be accepted from participating banks. Refer to this guide for more information.
FAST payments: what should I know?
It takes one to two business days to process SGD deposits made via FAST to OANDA Asia Pacific DBS accounts.
Bank transfer: what should I know?
| Minimum deposit | Maximum deposit | Average processing time | Fees |
|---|---|---|---|
| None | None | One to three business days for local wire transfers. Up to five days for international wire transfers. | Your bank may charge you a fee |
We accept payments in nine different currencies via a range of bank transfer options. The processing times for these methods vary and typically range between one and three business days.
Cheques (SGD only)
| Minimum deposit | Maximum deposit | Average processing time | Fees | Notes |
|---|---|---|---|---|
| None | None | Once received, cheques are processed within five business days. | None | SGD and USD cheques must be drawn from a Singapore bank. |
The cheques must be drawn from a Singapore bank.