Singlife Account

Tony Sim

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Hi, I have a question.

How long does it take for the funds to be processed into the Singlife account? I've searched online and it seems instantaneous but when I transferred from my local bank account, it is not reflected on the Singlife app but the money is still deducted from my bank account.

Hi, I have the same issue. Did a transfer yesterday, till now my SingLife account balance is still not updated.
 

Purplestars

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How does the Singlife retrenchment benefit for the account work?

It's says the benefit is only for a year since policy start date.

It also says The Retrenchment Benefit will not be payable if You are retrenched within the first six (6) months from the
Policy Start Date.

So there is only a 6 months window for you to be retrenched in before you qualify for the benefit?

That is such a narrow impossible window
 

reddevil0728

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How does the Singlife retrenchment benefit for the account work?

It's says the benefit is only for a year since policy start date.

It also says The Retrenchment Benefit will not be payable if You are retrenched within the first six (6) months from the
Policy Start Date.

So there is only a 6 months window for you to be retrenched in before you qualify for the benefit?

That is such a narrow impossible window

Well you take it as the icing.

If not don’t put money with them to earn 2.5%/1%?
 

alex22

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Somehow I feel that reddevil is an employee or affliate to singlife... Is that okay??? Can reddevil makes your own standing if you are representative of singlife... You are way too active on this thread... Sry I had my suspicion on your activity.

Mai kumgong, he no need work one, everyday on hwz de like koizumi888 zehzeh
 

Hwsemb

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Hi, I have the same issue. Did a transfer yesterday, till now my SingLife account balance is still not updated.

Are you using UOB, OCBC etc to FAST in?

If you use DBS/POSB to fund Singlife, it will be DBS "internal transfer", hence, shld usually be more stable & faster(within 10 seconds).

However, on a side note, for transferring out of Singlife (even if it is to a DBS bank acct), it will be FAST. Hence, usually takes around 5 mins to reflect.
 

Arceptionist

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Are you using UOB, OCBC etc to FAST in?

If you use DBS/POSB to fund Singlife, it will be DBS "internal transfer", hence, shld usually be more stable & faster(within 10 seconds).

However, on a side note, for transferring out of Singlife (even if it is to a DBS bank acct), it will be FAST. Hence, usually takes around 5 mins to reflect.

I used DBS and 4 days later, funds still missing...
 

Tony Sim

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Are you using UOB, OCBC etc to FAST in?

If you use DBS/POSB to fund Singlife, it will be DBS "internal transfer", hence, shld usually be more stable & faster(within 10 seconds).

However, on a side note, for transferring out of Singlife (even if it is to a DBS bank acct), it will be FAST. Hence, usually takes around 5 mins to reflect.

I used DBS to do the transfer on Sunday. Checked with DBS, to my surprise, the transfer was not “FAST”, but a normal transfer instead. SingLife told me that “normal” funds transfer will take up to 15 days for the balance to be updated.
 

Tony Sim

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Are you using UOB, OCBC etc to FAST in?

If you use DBS/POSB to fund Singlife, it will be DBS "internal transfer", hence, shld usually be more stable & faster(within 10 seconds).

However, on a side note, for transferring out of Singlife (even if it is to a DBS bank acct), it will be FAST. Hence, usually takes around 5 mins to reflect.

I used DBS and 4 days later, funds still missing...

You may want to check if your funds transfer from DBS is “FAST” or “normal”.
 

Hwsemb

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I used DBS to do the transfer on Sunday. Checked with DBS, to my surprise, the transfer was not “FAST”, but a normal transfer instead. SingLife told me that “normal” funds transfer will take up to 15 days for the balance to be updated.

Is your DBS statement showing "ITR" transaction code? ITR is for transfers between DBS bank accounts(including Singlife's DBS account).

And, this "15 days to update" is even slower than if cheques are used to fund accounts.
 

Arceptionist

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Is your DBS statement showing "ITR" transaction code? ITR is for transfers between DBS bank accounts(including Singlife's DBS account).

And, this "15 days to update" is even slower than if cheques are used to fund accounts.

My DBS statement shows OTHR. I clicked "Transfer to other DBS/POSB Account".

Weirdly, i have another friend that is experiencing the same problem and he also transferred on the same day...
 

Hwsemb

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My DBS statement shows OTHR. I clicked "Transfer to other DBS/POSB Account".

Weirdly, i have another friend that is experiencing the same problem and he also transferred on the same day...

"Transfer Funds to Another DBS or POSB Account" is correct. Strange that your transaction code is not ITR.
 
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