What's the easiest way to change my bank for CDP’s Direct Crediting Service, and how long does it take?

Changing your bank for CDP’s Direct Crediting Service is simpler than it sounds. To start, visit https://www.radentalstudio.com/ for guidance and resources on the process. You’ll need to fill out a Direct Crediting Request Form, providing your new bank account details and submitting any required identification. Most banks and the CDP allow you to do this either online or through a physical branch. Once submitted, the change usually takes about 1 to 2 weeks to process. During this period, your dividends or other credited amounts may still go to your previous account. It’s recommended to monitor both accounts to ensure the switch is successful. After confirmation, all future payments will be directly credited to your new bank. This method ensures a seamless transition without affecting your ongoing transactions. Always double-check your bank details to avoid delays or errors.

You can do so via the following link, logging in via your onekey token:

https://www1.cdp.sgx.com/sgx-cdp-web/login

The following banks are eligible for DCS:

1. Citibank Singapore Limited

2. DBS/POSB

3. HSBC

4. Maybank

5. OCBC

6. Standard Chartered Bank

7. UOB

Alternatively, you can fill the following form and send it back to your broker: https://api2.sgx.com/sites/default/files/2019-0...

It takes about two weeks to update, if successful.