Singapore Gulf Bank Expands 24/7 Dollar Payments With BNY
- Published
Singapore Gulf Bank expanded its U.S. dollar payment services through BNY’s 24/7 transfer network on Oct. 12. Eligible transfers can settle during weekends and U.S. banking holidays through participating accounts, and the bank is also developing additional payment channels for corporate treasury and institutional digital asset clients. The service now reaches eligible corporate and retail clients for qualifying transfers outside normal banking hours.
Key claims & sources
What it means
Corporate treasury teams and institutional digital asset clients are among the groups that will notice this change because Singapore Gulf Bank is developing multiple payment channels for them. Those clients now have a path for dollar transfers outside the usual weekday window through the BNY network.
In practice, the main change is that qualifying dollar transfers can now settle during weekends and U.S. banking or public holidays through participating accounts. What remains the same is that the service applies only to eligible transfers and participating accounts, rather than every transfer automatically.
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