Which deposit methods are available? (OANDA Asia Pacific)
What should you 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, take a note of our following policies:
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We do not accept payments from third parties.
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Ensure that the name on the originating account matches the one on your OANDA account.
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We do not accept payments from other broker accounts.
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Ensure that your wire transfers are sent from a bank account registered in Singapore under your name.
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We do not accept deposits via PayLah, GrabPay, Google Pay, and Apple Pay. Any deposits received by these methods will be returned to the depositor's bank account. Documents such as proof of transfer, proof of a wallet top-up, and bank statements will be needed for our verification purposes. If we receive all the required documentation, we will return the funds within 1 to 2 business days. If we don’t receive the required documentation, we will conduct a manual funds return process, which typically takes between 2 to 6 weeks.
DBS bill pay (SGD accounts only)
| Minimum deposit | Maximum deposit | Average processing time | Fees |
|---|---|---|---|
| None | None | 1 to 2 business days | None |
Provide your OANDA v20 account number as the bill reference for speedier crediting of your funds.
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Settlement frequency: Bill payment settlements are processed daily except Monday.
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Sunday and Monday transactions: Transactions initiated on both Sunday and Monday will settle together on Tuesday.
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Public holiday:
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If Monday is a public holiday, Sunday, Monday, and Tuesday transactions will all settle on Wednesday.
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If Tuesday is a public holiday, Sunday and Monday transactions will settle on Tuesday. Tuesday’s transactions will be deferred to settle on Thursday alongside Wednesday's transactions.
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PayNow/QR Pay (SGD accounts only)
| Minimum deposit | Maximum deposit | Average processing time | Fees |
|---|---|---|---|
| None | None | 1 to 2 business days | None |
PayNow deposits can be accepted from participating banks. Refer to this guide for more information. We do not need a transaction screenshot, unless further transaction verification is required.
FAST payments (SGD accounts only)
| Minimum deposit | Maximum deposit | Average processing time | Fees |
|---|---|---|---|
| None | None | 1 to 2 business days | None |
Provide your OANDA v20 account number as the bill reference for speedier crediting of your funds.
Bank transfer
| Minimum deposit | Maximum deposit | Average processing time | Fees |
|---|---|---|---|
| None | None | 1 to 3 business days for local wire transfers. | Your bank may charge you a fee |
We accept payments in 9 different currencies via a range of bank transfer options. The processing times for these methods vary and typically range between 1 and 3 business days.