Payables Management

Where you are:

Commercial Banking
Cash Management

UOB offers a comprehensive range of payment solutions to meet your business needs. Our end-to-end payables management solutions allow you to automate your processes, improve efficiency and enhance your working capital management. You can initiate your payment instructions via UOB Business Internet Banking or UOB Electronic Bulk Service (our secure Host-to-Host Link solution).

You’ll also enjoy improved efficiency by value dating your instructions for better cash flow management.

UOB Fund Transfers
- An economical and convenient way to perform local fund transfers electronically from your UOB accounts to any payee who maintains an account with UOB or another bank
  - Inter-bank Transfer
    Transferring funds from your UOB accounts to another bank
  - Inter-account Transfer
UOB Telegraphic Transfer Services
- A secure and prompt solution for the electronic transfer of funds within and out of Singapore:
  - SGD same day transfers to another bank in Singapore via MEPS
  - International Funds Transfer via SWIFT. For more information, please read our FAQ (Outward Remittances)
Cashier’s Order and Demand Draft Services
- You may purchase a Cashier’s Order or Demand Draft which can be mailed to your beneficiary by the Bank on your behalf:
  - A Cashier’s Order is a SGD cheque issued by the Bank to your payee
  - A Demand Draft is a written order issued by UOB for payment to your beneficiary overseas. Our overseas agent will pay your beneficiary when the demand draft is deposited and cleared by the beneficiary’s bank
UOB Bulk Payments
- An economical and efficient solution for issuing multiple payments through a single instruction to the Bank. Payment instructions can be sent to us via UOB Business Internet Banking or UOB Electronic Bulk Service, our host-to-host link solution. UOB offers the following Bulk Payment Services:
  - Bulk Payment (for supplier and vendor payments via GIRO, Cashier’s Order or Cheques)
  - Bulk Payroll (for salary crediting via GIRO)
  - GIRO with Beneficiary Advice (email notification to your suppliers of successful payments made to them)

More Information

Contact your Relationship Manager
Call us at +65 6539 8704
Contact Us

Useful Information

Uniplus Account Rates

Savings Amount	Rates
First S$3,000	0.2500
Next S$47,000	0.2750
Next S$50,000	0.3750
Remaining Balance Above S$100,000	0.4750

Commercial Banking

Payables Management

More Information

Useful Information

Uniplus Account Rates