New merchants are able to deposit into their Fazz SGD Cash Account by using three different possible methods:
1. Bank transfer
2. PayNow via Virtual Payment Address (VPA)
3. PayNow via QR Code
*Transaction amounts are limited to SGD 200,000 per transaction.
1. Depositing via Bank Transfer
Step 1: Click on “Account Number: XXXXXXXXXXXXX” to assess your SGD Cash Account on the Dashboard.
Step 2: Your specific Account Details will be displayed on screen, which can be copied for you to initiate bank transfers via FAST to deposit into your Fazz SGD Cash Account.
Step 3: Within your banking app, you can either Add Local Recipient or do a One-time transfer.
Step 4: Select “Bank Account” and select “To Other Bank”.
Step 5: Input the bank account details that were copied from the Fazz SGD Cash Account details.
The recipient’s name should be the Account Holder Name found in the Fazz SGD Account details.
Select “XFERS PTE LTD” as the bank which can be found from the drop down menu.
Step 6: Select which bank account you will be transferring the funds from and input the amount to be transferred.
2. Depositing via PayNow with Virtual Payment Address (VPA)
Alternatively, you can expand the details to display your Fazz SGD Cash Account’s respective VPA by clicking “PayNow”.
Step 1: Within your banking app, select “PayNow”.
Step 2: Select “PayNow to VPA”.
Step 3: Paste the VPA number that was copied from the Fazz SGD Cash Account details.
Step 4: Select which bank account you will be transferring the funds from and input the amount to be transferred.
3. Depositing via PayNow with QR Code
Step 1: Within your banking app, select “Scan and Pay”.
Step 2: Select which bank account you will be transferring the funds from and input the amount to be transferred.