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Anonymous

05 Mar 2020

Saving Hacks

How long does it usually take for salary to show on my bank account?

My colleagues has received their salary a few days ago except me. Could it be the bank that I am using?

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MY PAYDAY IS ON 24 COMPANY BANK IS DBS MINE IS OCBC BUT TILL 24 MAY I HAVE NOT RECEIVED ANY MONEY ASK HR THEY SAY BE PATIENT

If salary is paid into your account and the amount paid is too high for your account to receive the money, what then happened to the money

Ernest Yeam Wee Leong

05 Mar 2020

Content Creator at www.youtube.com/c/JustBeingErnest

Most likely is the bank that you use.

You can ask your colleagues what bank they using and change to theirs to get it earlier too.
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That depends on a number of factors, including how your company transferred, and which bank you bank with.

For example, if your salary crediting account is the corporate bank account of your company, you should expect that the funds are credited on the same day that it's disbursed.

These days, many companies use corporate FAST transfers to credit funds - if so you should expect that it's on the same day (only if your bank account is one of the FAST banks) as well. Else, if its through GIRO it can be up to 3 days.

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Rais M

02 Mar 2020

Accountant at SME

This is tricky. Differnet banks might have different cut off dates. You might also want to find out ...

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