Datasets
Personal Banking and PayNow Anchors
Dated FAST transaction limits, PayNow launch and Gen 2 milestones, DBS/POSB fall-below fee illustration, and NETS contactless PIN threshold for retail banking.
Personal Banking and PayNow Anchors
Dated retail-payment and account-fee anchors verified 9 August 2026. Bank-specific minimum balances vary by account tier and opening date — the DBS/POSB row is an illustration only. Narrative context lives in banking and paynow.
FAST and PayNow infrastructure
| Anchor | Value | Applicability | As of |
|---|---|---|---|
| FAST launch | March 2014 | SGD instant transfers 24/7 among participating banks | Mar 2014 |
| FAST standard transaction limit | S$200,000 | Per transfer unless bank sets lower | 2026 |
| PayNow launch | 10 July 2017 | P2P/P2M proxy addressing on FAST rail | 10 Jul 2017 |
| PayNow retail fee | Free | Retail customers | 2026 |
| PayNow nickname feature | Ceased | No longer available from 6 June 2026 | From 6 Jun 2026 |
| PayNow Gen 2 announced | 25 June 2026 | NETS QR interoperability pilot by end 2026; deep-linking within a year | 25 Jun 2026 |
Sources: ABS PayNow; ABS PayNow Fact Sheet 2026; MAS PayNow Gen 2, accessed 14 August 2026.
Account fees — DBS/POSB illustration
| Anchor | Value | Account / condition | As of |
|---|---|---|---|
| Fall-below fee (DBS/POSB) | S$2.00/month | When average daily balance below minimum | 2026 |
| Minimum average daily balance — POSB basic | S$500 | Illustrative tier | 2026 |
| Minimum average daily balance — DBS | S$500–S$1,000 | Varies by account opening date | 2026 |
Source: DBS fall-below fee page, accessed 9 August 2026. Other banks publish separate schedules.
NETS contactless retail
| Anchor | Value | Applicability | Effective |
|---|---|---|---|
| NETS contactless — no PIN | Up to S$200 per transaction | NETS bank cards | From 16 Jul 2025 |
Source: NETS bank card, accessed 9 August 2026.
Record details
- Also known as
- ["FAST limit","PayNow launch date","fall-below fee","NETS contactless limit"]
- Jurisdiction
- SG
- What each row represents
- one dated FAST/PayNow limit, account-fee, or NETS contactless threshold anchor
- Update cadence
- after ABS/MAS instant-payment releases or major bank fee schedule changes
- Source format
- markdown
Dates describe this record’s own period and applicability. A verification date does not mean a rule is currently in force.
Sources
- ABS — PayNow Singapore Accessed 2026-08-14
- ABS — PayNow Fact Sheet 2026 Accessed 2026-08-14
- MAS — PayNow Generation 2 Study Accessed 2026-08-14
- DBS — Deposit Account Fall-below Fee Accessed 2026-08-14
- NETS — NETS Bank Card Accessed 2026-08-14
Collection as of 2026-10-07 · An expanding collection. Published counts show available knowledge, not complete coverage of Singapore.