P2P Funding Options and Start Dates

Bank Payment Instructions

Click/tap on the flag representing the currency (SGD, USD, or EUR) of the P2P account you would like to fund.

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Disclaimer: Depending on the method used, wire transfers can take anywhere from several hours to several days (4-5 business days). To prevent delays and late fees, please initiate a transfer several days before a due date especially for international wire transfer (SWIFT). Eventual transfer fees, whether to or from your account, will be charged to your P2P account.

Funding by cash or cheque should be deposited directly to your nearest DBS branch or cash/cheque deposit machine.

1) International Wire Transfer (SWIFT)

Can be done from anywhere. Involves multiple bank charges, including a 5.00 SGD receipt charge by DBS.

SGD – Singapore Dollar

Bank Name DBS Bank
Branch Address 12 Marina Boulevard,
Marina Bay Financial Centre Tower 3
Singapore 018982
SWIFT Code DBSSSGSG or DBSSSGSGXXX
Account Name Silver Bullion P2P Client Account
Account Number 003-928756-9
Reference S.T.A.R. ID or Name

2) Singapore Domestic Wire Transfer

SGD GIRO can take 3 business days. SGD FAST is immediate but limited to 200K SGD, chargeable. SGD MEPS, latest next business day, chargeable. Intra DBS Bank transfers are free and immediate.

SGD – Singapore Dollar

Transfer Method FAST, MEPS, GIRO, DBS/POSB Intra-bank, TT
Bank Name DBS Bank
Bank Code 7171
Branch MBFC or Shenton Way
Branch Code 003
Account Name Silver Bullion P2P Client Account
Account Number 003-928756-9
Reference S.T.A.R. ID or Name

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Download as a PDF

Disclaimer: Depending on the method used, wire transfers can take anywhere from several hours to several days (4-5 business days). To prevent delays and late fees, please initiate a transfer several days before a due date especially for international wire transfer (SWIFT) and U.S. domestic wire transfer (Fedwire). Eventual transfer fees, whether to or from your account, will be charged to your P2P account.

Funding by cash or cheque should be deposited directly to your nearest DBS branch or cash/cheque deposit machine.

1) International Wire Transfer (SWIFT)

Can be done from anywhere. Involves multiple bank charges, including a 5.00 SGD (or USD equivalent) receipt charge by DBS.

USD – United States Dollar

Bank Name DBS Bank
Branch Address 12 Marina Boulevard,
Marina Bay Financial Centre Tower 3
Singapore 018982
SWIFT Code DBSSSGSG or DBSSSGSGXXX
Account Name Silver Bullion P2P Client Account
Account Number 0003-022482-01-3
Reference S.T.A.R. ID or Name

If your bank requires additional wiring details:

Correspondent Bank JPMorgan Chase Bank, N.A.
SWIFT CHASUS33

2) U.S. Domestic Wire Transfer (Fedwire) – USD only

If you are transferring funds from a U.S. based USD account, this option allows you to fund your P2P balance via a bank-to-bank domestic transfer in the United States. providing a simple, reliable and less expensive way of initiating payments electronically.

Advantages:

  • International wire transfer is a tedious and time consuming process and has to be done during the bank's business hours and sometimes even require your physical presence at the bank. A domestic interbank transfer can be easily made using your bank's mobile/internet banking services.
  • International wire transfers are costly due to high banking fees. The domestic interbank transfer will cost a small fraction of an international SWIFT transfer.
  • The transfer is easier for bank staff to process and therefore more reliable.

USD – United States Dollar

Bank Name Citibank
Bank Address 111 Wall Street, New York, NY 10005, USA
SWIFT/BIC Code CITIUS33
ABA Routing Number 031100209
USD Account Number 77722200928821079
Account Name Silver Bullion Pte Ltd
Add Reference S.T.A.R. ID as reference/comment

Note*** We cannot accept Billpay, cash, checks or cashiers checks. CHIPS UID if required is 239822*.

Please advise us through e-mail or secure notification that the transfer is to be credited to your P2P account.

3) Singapore Domestic Wire Transfer

TT, chargeable. Intra DBS Bank transfers are free and immediate.

USD – United States Dollar

Transfer Method TT, DBS/POSB Intra-bank
Bank Name DBS Bank
Bank Code 7171
Branch MBFC or Shenton Way
Branch Code 003
Account Name Silver Bullion P2P Client Account
Account Number 0003-022482-01-3
Reference S.T.A.R. ID or Name

Permalink

Download as a PDF

Disclaimer: Depending on the method used, wire transfers can take anywhere from several hours to several days (4-5 business days). To prevent delays and late fees, please initiate a transfer several days before a due date especially for international wire transfer (SWIFT). Eventual transfer fees, whether to or from your account, will be charged to your P2P account.

International Wire Transfer (SWIFT)

Can be done from anywhere. Involves multiple bank charges, including a 5.00 SGD (or EUR equivalent) receipt charge by DBS.

EUR – Euro

Bank Name DBS Bank
Branch Address 12 Marina Boulevard,
Marina Bay Financial Centre Tower 3
Singapore 018982
SWIFT Code DBSSSGSG or DBSSSGSGXXX
Account Name Silver Bullion P2P Client Account
Account Number 0072-003051-01-3
Reference S.T.A.R. ID or Name

P2P Start Dates

During the Bidding Period lenders and borrowers publish their respective offers / requests and create loan contracts if they agree to each other’s terms. This is followed by the contract Loan Start when funds are credited / debited to the parties respective P2P accounts.

All dates and times are on Singapore Time (SGT) as follows:

Bidding Period Loan Start / Payout
22 - 30 Apr 2021 Saturday, 01 May 2021
01 - 07 May 2021 Saturday, 08 May 2021
08 - 14 May 2021 Saturday, 15 May 2021
15 - 21 May 2021 Saturday, 22 May 2021
22 - 31 May 2021 Tuesday, 01 Jun 2021
01 - 07 Jun 2021 Tuesday, 08 Jun 2021
08 - 14 Jun 2021 Tuesday, 15 Jun 2021
15 - 21 Jun 2021 Tuesday, 22 Jun 2021
22 - 30 Jun 2021 Thursday, 01 Jul 2021
01 - 07 Jul 2021 Thursday, 08 Jul 2021
08 - 14 Jul 2021 Thursday, 15 Jul 2021
15 - 21 Jul 2021 Thursday, 22 Jul 2021
22 - 31 Jul 2021 Sunday, 01 Aug 2021
01 - 07 Aug 2021 Sunday, 08 Aug 2021
08 - 14 Aug 2021 Sunday, 15 Aug 2021
15 - 21 Aug 2021 Sunday, 22 Aug 2021
22 - 31 Aug 2021 Wednesday, 01 Sep 2021
01 - 07 Sep 2021 Wednesday, 08 Sep 2021
08 - 14 Sep 2021 Wednesday, 15 Sep 2021
15 - 21 Sep 2021 Wednesday, 22 Sep 2021
22 - 30 Sep 2021 Friday, 01 Oct 2021
01 - 07 Oct 2021 Friday, 08 Oct 2021
08 - 14 Oct 2021 Friday, 15 Oct 2021
15 - 21 Oct 2021 Friday, 22 Oct 2021

NOTE

  • Bidding closes at 23:00 hours SGT the day before Loan Start. There will be a 1 hour non-bidding period before bidding for the next Loan Start begins.
  • Funds must be in your account by 12:01 AM SGT on the Loan Maturity Date. You must have enough funds in your P2P Account to cover your payment / repayment commitments for the current Loan Start. Because a Loan Maturity Date can fall on a bank holiday(s) and international bank transfers are often delayed, please fund your P2P account early.
  • As an alternative to sending funds, or if you unable to do so in time, you can "roll-over" a loan, pending availability, by obtaining a new loan from a lender based on offered terms. Loans can be obtained up to 1 hour before Loan Start date.
  • Should funds in your P2P account be insufficient to cover your loan commitments by 12:01 AM SGT on the Loan Maturity Date, you will be charged a late fee of 1.0% of the outstanding balance at payment due date and for every loan period thereafter. In such a case the Sweeper Fund will, pending funds availability, provide you with an intra-day loan to cover your payment commitments and prevent a contract breach.
  • If you require funds immediately and have an upcoming valid loan contract, a loan advance can be arranged.