How to Deposit SGD via FAST, MEPS, and International Wire Transfer

Singapore users can deposit SGD through local bank transfers (FAST/MEPS) or international wire transfers. Follow this step-by-step guide to complete your deposit seamlessly.

How to Deposit SGD

Via Web

1. Log in to your OKX account and navigate to Assets > Deposit.
2. Select Cash and choose SGD as your deposit currency.

3. Choose your transfer method:

   • Bank transfer (FAST/MEPS)
   • International wire transfer

4. Review deposit instructions:

   • Your unique account details are generated within seconds (max 24 hours).
   • You’ll receive an email and in-app notification once ready.

5. Initiate the transfer:

   • Use your banking app or online banking to send funds to the provided account.
   • Funds sent to this account will reflect in your OKX balance.

👉 Need help with FAST transfers?

Via Mobile App

1. Open the OKX app, tap Deposit on the homepage, and select Deposit Cash.
2. Under SGD, choose Bank transfer and proceed.
3. Follow the deposit instructions (same as the web process).
4. Complete the transfer via your bank.

Key Notes

• Account Name Match: Deposits must come from a bank account under the same name as your OKX registration.

• FAST vs. MEPS:

  • FAST: Instant, fee-free, and ideal for transfers under 200,000 SGD.
  • MEPS: Processes in 1 business day, with higher per-transaction limits.
• International Wire: Fees apply (2 SGD per deposit), and processing takes up to 5 business days.

Deposit Limits & Fees

| Method | Fee | Min Amount | Daily Limit | Max per Transaction | Processing Time |
|--------------------------|---------|----------------|------------------|--------------------------|---------------------|
| FAST Transfer | 0 SGD | 0.01 SGD | 1,000,000 SGD | 200,000 SGD | Instant |
| MEPS Transfer | 0 SGD | 0.01 SGD | 1,000,000 SGD | 1,000,000 SGD | 1 business day |
| International Wire | 2 SGD | 5 SGD | 1,000,000 SGD | 1,000,000 SGD | Up to 5 days |

FAQs

1. Why can’t I see the "Deposit Cash" option?

• Cash deposits are region-specific due to local regulations. Your account may not be eligible.

2. Why are certain payment methods unavailable?

• Available methods depend on your verified identity and regional compliance.

3. What does "Cash deposit unavailable" mean?

• Fiat deposits are not supported in your region.

4. Why is identity verification required?

• To comply with regulations, enhance security, and determine suitable payment methods.

5. How do I check deposit history?

• Web: Assets > Deposit > All deposits.
• App: Portfolio > Transactions > Filter by "Cash deposit."

👉 Learn more about deposit limits

Pro Tip: For transfers under 200,000 SGD, FAST is the fastest and cheapest option. For larger amounts, consider MEPS or international wire.