Electronic Deferred Payment (EDP)

Electronic Deferred Payment (EDP)

A digital alternative for deferred payments.

What is EDP?

What is EDP?

The EDP and EDP+ are two new e-payment solutions for making deferred payments electronically. Both solutions are introduced to complement existing digital payment modes such as PayNow and FAST. No sign-up is required.

Individual customers may continue to issue cheques to, or deposit cheques from, other individuals after 31 December 2026, while cheques from corporates will no longer be processed for payment after 31 December 2026.

We encourage you to go digital for a more secure and faster payment method.

Refer to ABS’ media release here

How it works

Payer issues an EDP/EDP+Payer issues an EDP/EDP+
Payer issues an EDP/EDP+

EDP/EDP+ must be created through UOB TMRW. When a payer creates an EDP+, the full value of the EDP+ will be deducted immediately from the payer’s account. The EDP/EDP+ created by the payer will only be valid for 6 months.

Payee is notified by his/her bankPayee is notified by his/her bank
Payee is notified by his/her bank

Payee will be notified of the EDP/EDP+ issuance. Payee must submit the payment collection request through the payee’s bank to receive the EDP/EDP+ within the 6-month validity period.

Payer is notified by his/her bankPayer is notified by his/her bank
Payer is notified by his/her bank

Once the payee has submitted his/her payment collection request, the payer will be notified by the payer’s bank.

Payment to payeePayment to payee
Payment to payee

Payment to the payee bank is processed by the payer bank within 2 working days from the date of the payee submitting the payment collection request. For EDP, funds will now be deducted from the payer’s account for payment to the payee’s bank.

How to use EDP/EDP+

How to send an EDP/EDP+

Planning to send funds? Follow these steps to issue an EDP/EDP+ correctly.

How to cancel an EDP

Made a mistake? Follow these steps to cancel an EDP.

How to collect an EDP/EDP+

Received an EDP/EDP+? Here’s how to collect your funds securely.

How to reject an EDP/EDP+

Reject an EDP/EDP+ with these steps.

How to send an EDP/EDP+

Planning to send funds? Follow these steps to issue an EDP/EDP+ correctly.

How to cancel an EDP

Made a mistake? Follow these steps to cancel an EDP.

How to collect an EDP/EDP+

Received an EDP/EDP+? Here’s how to collect your funds securely.

How to reject an EDP/EDP+

Reject an EDP/EDP+ with these steps.

Frequently asked questions

At launch, namely Citibank, DBS, HSBC, OCBC, Maybank, Standard Chartered and UOB, will offer EDP and EDP+.

Note: Citibank only supports EDP for retail customers.

 

EDP and EDP+ will be available on UOB TMRW.

 

There is no need to sign up for EDP and EDP+ as both services will be available to customers via the digital banking platforms at launch.

If a customer does not have UOB TMRW, he needs to sign up for UOB TMRW to send or receive EDP and EDP+.

 

There are no fees applied when using EDP and EDP+.

 

Only SGD payment is supported by EDP and EDP+.

 

As a payer, you can cancel an EDP on UOB TMRW app. For EDP+, you will have to head over to a UOB branch.

 

Other payment modes

  • Digital payment options (Click to learn more)
  • Description
Digital payment options (Click to learn more) Description
PayNow For instant, 24/7 funds transfer of up to S$200k via mobile number, NRIC/FIN, UEN or VPA.
Funds transfer Same-day SGD fund transfers for accountholders of participating banks including UOB.
Bill payment Pay bills of up to S$200k for close to 200 billing organisations easily and securely.
EDP A digital payment method to make deferred payments where funds will only be deducted from the payer’s account after the payee’s payment collection request has been successfully processed.
EDP+ A digital payment method to make deferred payments where funds will be deducted from the payer’s account immediately upon creation of the EDP+ instruction by the payer.
Digital payment options (Click to learn more)
PayNow
Funds transfer
Bill payment
EDP
EDP+

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