How do I make payments via EDP or EDP+?
Step 1: On or after the effective date of payment, access your bank’s personal or
business digital banking platform to initiate EDP/EDP+ creation:
-
Input payee identifier – mobile number / bank account number / NRIC / FIN/ UEN
-
Input transfer details – amount, EDP Type (EDP or EDP+)^ and effective date of
payment*
*The effective date of payment is the earliest date on which a payee can initiate
presentment of the EDP/EDP+. For EDP+, it will be set as the next calendar day. For EDP,
it must be at least one day after the creation date, but no more than six months from
it.
^Deduct funds only when payee initiates presentment – EDP; Deduct funds
immediately on issuance – EDP+
Step 2: Receive email/digital banking app push notification/SMS on:
- Issuance of the EDP/EDP+
- Presentment of the EDP/EDP+ by payee
- Cancellation of the EDP/EDP+
- Expiration of the EDP/EDP+
An EDP/EDP+ expires six months from its effective date of payment.
-
EDP: The payer’s account is not impacted upon expiry. The payee must contact
the payer to request re-issuance.
-
EDP+: Funds from the payer’s account is deducted upfront. Upon expiry, any
refund of the funds from EDP+ to the payer’s account is subject to your
bank’s policies and processes and the payer can initiate re-issuance of the
EDP+ if needed.
For details specific to your bank’s digital banking platform, please contact your
bank directly.
How do I receive payments via EDP or EDP+?
Step 1: You will receive an email/digital banking app push notification/SMS on:
Step 2: On or after the effective date of payment, access your bank’s personal or
business digital banking platform to initiate presentment of the EDP/EDP+ received
Step 3: Receive email/digital banking app push notification/SMS upon:
- Presentment of the EDP/EDP+
- Cancellation of the EDP/EDP+
- Expiration of the EDP/EDP+
An EDP/EDP+ expires six months from its effective date of payment.
- EDP: The payer’s account is not impacted upon expiry. The payee must contact
the payer to request re-issuance.
- EDP+: Funds from the payer’s account is deducted upfront. Upon expiry, any
refund of the funds from EDP+ to the payer’s account is subject to your
bank’s policies and processes and the payer can initiate re-issuance of the
EDP+ if needed.
For details specific to your bank’s digital banking platform, please contact your
bank directly.