How to Deposit into Moomoo via Bank Transfer in Singapore

Looking for a seamless way to fund your investment account in the Singapore stock market? Depositing via bank transfer on Moomoo SG is your answer. This guide will walk you through everything you need to know, from the basics of Moomoo Singapore and the benefits of bank transfers to step-by-step instructions for various banks and answers to frequently asked questions. Get ready to start investing with ease on moomoo.

What is the Bank Transfer Process for Moomoo SG

Moomoo, the overseas independent brand of Futu Holdings Group, is emerging as a preferred investment platform for investors in an increasing number of countries, supporting their investment journeys. Born in Silicon Valley, USA, in 2018, moomoo provides local investors with professional yet user-friendly investment tools. Moomoo redefines fintech by merging institutional-grade tools with a user-friendly design, making it the preferred choice for investors seeking to navigate global markets efficiently.

As of 2025, Moomoo Singapore serves over 1 million Singapore residents, accounting for nearly 30% of Singapore's adult population.

Key Features and Benefits

Moomoo stands out with a range of key features and benefits that cater to the diverse needs of its users:

Secure Transfers: Moomoo employs advanced security measures to ensure that all transfers are protected.

Fast and Efficient Transfers: The platform enables users to transfer funds quickly and efficiently, whether they are making local transfers or sending money overseas. This speed and efficiency are crucial for timely financial management and investment opportunities.

Easy Account Management: Moomoo offers a user-friendly interface that simplifies account management. Users can easily view their account balances, transaction history, and payment details, making it straightforward to keep track of their finances.

Bank Transfer vs Other Deposit Methods on Moomoo

This comparison aims to elucidate the key advantages of bank transfers, especially in terms of regulatory assurance, uninterrupted accessibility, and cost-effective multi-currency management, setting the stage for a more informed decision-making process.

Deposit Options by Account Type

Understanding the different deposit methods can help you make a more convenient choice for your financial transactions. Here’s a detailed breakdown of the deposit options based on account type.

The following banks support these deposit methods, ensuring a wide range of options for users. Additionally, you can also deposit funds via PayNow.

For Singapore Bank Account Holders:

1. Instant Deposit via DDA

Direct Debit Authorization (DDA) enables real-time fund transfers from linked local bank accounts.

2. Deposit via Bank Transfer

Traditional interbank transfer through SG FAST/MEPS+ system.

For Non-Singapore Bank Accounts:

1. Deposit via International Bank Transfer

SWIFT/Telegraphic transfers from overseas banks.

2. Deposit via Payment Platforms

Wise (Multi-currency transfers); BigPay (SEA regional transfers)

A Beginner's Guide to Depositing via Bank Transfer on Moomoo

If you're new to Moomoo SG and looking to fund your account seamlessly, this guide will walk you through the universal process of depositing via bank transfer. It’s important to note that Moomoo SG strictly accepts transfers from your personal bank's account or joint accounts where your full name is included.

Understanding the Basics

Before initiating a fund transfer, ensure you have your personal bank account set up and ready. This guide will outline the universal steps applicable across all banks, making the deposit process straightforward and hassle-free.

Accessing Beneficiary Account Number Details

It's important to double-check the beneficiary details before initiating the funds transfer service. Any incorrect information, such as a wrong account number or an inaccurate SWIFT code, can lead to transfer failures or delays.

1. Navigate to the Deposit Section: Log in to your Moomoo SG account. Go to ‘Accounts‘ > ‘Transfers‘ > ‘Deposit‘.

2. Select Currency and Bank: Choose the currency you wish to deposit. If prompted, select your bank from the available options.

3. View Beneficiary Details: After selecting ‘Bank Transfer’ as your deposit method, you’ll be able to view Moomoo SG’s beneficiary bank account details. This includes essential information such as the bank name, account number, and SWIFT code (for international transfers).

Bank Transfer Tips

1. Individual Beneficiary Account Number: Moomoo SG assigns a unique beneficiary account number to every customer. Make sure to send your funds to your designated account. If not, your deposit might be delayed or returned.

2. Indicate Currency Choice: When transferring USD or HKD, clearly state the currency you intend to deposit. If not specified, some banks may convert your transfer to SGD automatically.

3. Choose Proper Transfer Method: For USD/HKD transfers through DBS/POSB Bank, please use the 'Overseas Transfer'or 'DBS Remit' option to start the transaction.

Ensure that all transfers submitted are done before the bank's cut-off time to avoid delays.

Initiating the Bank Transfer

Familiarize yourself with your bank’s transfer restrictions to ensure a smooth and successful deposit process. Additionally, keep in mind that different banks may have varying processing times for transfers, so plan your deposit accordingly if you have time-sensitive trading needs.

1. Log in to Your Bank's Online Banking Platform

Use your bank’s app or website to log in securely. To initiate the transfer money process, begin by securely logging in to your bank’s online banking platform.

2. Set Up a New Transfer

Navigate to the transfer section and select ‘New Transfer‘ or ‘Add Beneficiary‘.

3. Input Beneficiary Details and Specify Transfer Details

Enter the beneficiary details from Moomoo SG accurately, including the name, account number, and other required information. Double-check for errors to avoid delays or issues. Also, specify the deposit amount and confirm the currency matches Moomoo SG’s requirements to ensure correct and prompt transfer.

DBS Bank Transfer to Moomoo SG

If you're a Moomoo user looking to send money through DBS Bank, you're in the right place. This section will walk you through the seamless process of transferring funds from your DBS Bank account to your Moomoo SG account, ensuring a smooth and efficient transaction experience. It is worth noting that there are DDA, bank transfer and PayNow for depositing into moomoo account from DBS bank.

Initiate DDA Authorisation

For first-time users, you must bind your DBS bank account to the Moomoo APP:

1. Navigate to the moomoo APP and select Account> Transfer> Deposit Funds> SGD.

2. Choose Singapore Bank and then DDA Real-Time Transfer.

3. Follow the prompts to authorize DBS for direct debit.

Bank Transfer via DBS Digital Banking

1. Log in and Navigate to the Transfer Section: First, log in to the DBS/POSB Digibank app, then navigate to "Pay & Transfer" > "Other Local Transfers" to initiate the transfer process.

2. Enter Moomoo SG's Bank Details and Reference: During the transfer, input the following bank details: Bank Name as DBS Bank Ltd., and Account Number as per Moomoo SG's deposit instructions for the virtual corporate account. Also, add your moomoo account ID as a reference/remark to ensure the transfer is correctly identified.

3. Submit Transfer and Upload Receipt: After completing the transfer, make sure to retain the transaction receipt. Then, upload the receipt via the moomoo APP under "Deposit History" to expedite the processing of your funds.

UOB Bank Transfer to Moomoo SG

This guide outlines the necessary steps and requirements to ensure a successful and timely transfer from your UOB account to your Moomoo account. With UOB’s FAST transfer capabilities, you can enjoy quick and secure transactions, making it easier to manage your investments on the moomoo platform. In addition, it is worth noting that there are DDA, bank transfer and PayNow for depositing into Moomoo SG account from UOB bank. It is worth noting that there are DDA, bank transfer, PayNow and TT transfer functions for depositing into Moomoo SG account from UOB bank.

Key Requirements

Ensure your UOB account supports FAST transfers or other payment types (like TT/MEPS) to utilize the funds transfer service. Only in Singapore dollars.

UOB Bank Transfer Process

1. Log in to the UOB Mighty App, which supports transfers to various financial institutions (FIs) and non-financial institutions (NFIs).

2. Navigate to Transfer > Other Bank (FAST). Input Moomoo SG’s bank details:

3. Bank Code: 7375 (Moomoo SG's receiving bank code; confirm via Moomoo support)

4. Account Number: Moomoo’s designated corporate account (e.g., 072-XXXXXX). Or you can transfer to the unique beneficiary number directly.

5. Reference: Include your moomoo account ID.

6. Review the details and authorize the transfer. FAST transfers typically arrive within 1 business day.

OCBC Bank Transfer to Moomoo Singapore

This section will navigate you through the process, whether you choose the swift PayNow Corporate option or the traditional manual bank transfer method. OCBC also supports transfers to non-bank financial institutions, providing a wide range of options for users. It is worth noting that there are DDA and bank transfer functions for depositing into Moomoo SG account from OCBC bank.

Via PayNow Corporate

1. Open OCBC Digital Banking. Select Pay & Transfer > PayNow to initiate the fund transfer.

2. Enter moomoo SG’s UEN (Unique Entity Number) required for corporate PayNow transfers (e.g., 2019XXXXX).

3. Add a Payment Reference with your Moomoo account ID. Input the deposit amount and confirm.

Manual Bank Transfer

1. Use OCBC Online Banking.

2. Navigate to Funds Transfer > New Transfer. Enter moomoo’s account details:

1. Bank Name: DBS Bank Ltd (Moomoo SG's receiving bank)

2. Account Number: Provided by Moomoo SG. (Or you can transfer to the unique beneficiary number directly.)

3. Include your moomoo account ID in the remarks. After the transfer, notify moomoo via the APP and upload the transaction slip.

Understanding Your Bank Transfer Fees to Moomoo SG

In this section, we delve into the intricate details of transfer fees and processing times associated with moomoo, empowering you with the necessary information to navigate your money transfers with confidence. Below is an expanded breakdown of essential details for various types of transfers:

Ensure that all transfers submitted are done before the cut-off time to avoid delays.

1. Domestic SGD Transfers

Domestic SGD transfers on Moomoo SG are designed for ultimate convenience and efficiency. Whether you're transferring funds between your own accounts or to another local bank, the process is streamlined to ensure swift transactions. (only for below SGD 200,000 transfer)

Processing Time: Funds are typically transferred and available within a remarkable 5 minutes during regular business hours. This rapid turnaround allows for seamless management of your finances.

Fees: Moomoo SG does not impose any charges for domestic SGD transfers, making it a cost-effective option for your local financial transactions.

2. Domestic HKD/USD Transfers

For those dealing in Hong Kong Dollars (HKD) or US Dollars (USD) within Singapore, Moomoo SG offers a reliable domestic transfer service. However, it’s important to be aware of the processing times and potential fees involved.

Processing Duration: Transfers generally take between 1 to 3 business days to complete. This timeframe allows for the necessary clearing and settlement procedures to be carried out by the participating banks.

Potential Costs: Moomoo SG doesn't charge for transfers, but third-party banks may impose fees. Check with your bank for details.

3. International Transfers (SGD/HKD/USD)

For international transfers in SGD, HKD, or USD, Moomoo SG offers efficient service. Be mindful of timelines and potential fees due to cross-border complexities.

Timeline: Funds usually take 1-3 business days to reach the destination, including processing and clearing by all involved banks.

Fee Note: International transfers may have varying service charges from multiple banks. Consult your bank for fee details and total transfer cost.

Is Moomoo SG Legal & Secure?

Depositing to Moomoo SG via a funds transfer service in Singapore is legal and safe. Moomoo Singapore, regulated and part of the SGX Group, offers Singpass security, SIPC protection, and is backed by a NASDAQ-listed company, ensuring transaction legitimacy and safety. Here are key points to address any concerns:

Regulatory Compliance and SGX Group Membership

Moomoo SG is regulated by the Monetary Authority of Singapore (MAS) for compliance and transparency. Its SGX Group membership enhances credibility and commitment to high integrity standards.

Singpass Security and SIPC Protection

Moomoo Singapore uses Singpass for secure authentication and offers SIPC protection for eligible US securities to safeguard funds and investments in case of insolvency.

Subsidiary of a NASDAQ-Listed Company

Moomoo SG is backed by Futu, a NASDAQ-listed company, ensuring a safe environment and adhering to high financial stability and governance standards.

Moomoo SG Bank Transfer FAQs

This section provides detailed answers to the most frequently asked questions about moomoo bank transfers, ensuring you have all the information you need to send money and manage your bank transfers with ease and confidence.

How to Deposit via Bank Transfer Using A Joint Account?

When depositing funds via bank transfer using a joint account on Moomoo SG, you’ll need to provide additional documentation to verify the transfer from your bank's account. Here’s a step-by-step guide to help you through the process:

1. Initiate Transfer & Access Submission Page:

2. Log into your joint bank account and transfer funds to Moomoo SG's beneficiary details. In the moomoo app, navigate to “Accounts“> “Transfers“> “Deposit“, select currency and bank, then access the beneficiary details page and tap “Contact Us“ or “Send a Message“.

3. Provide Transfer Details & Documents: 1) Bank statement (shows bank name/logo, full bank account number, and full account holder name). 2) Transaction details should show this transfer with the full bank account number shown, as well as the currency and the transacted amount.

4. Indicate that you're using a joint account. Enter the transfer amount, currency, and date. Upload 'Proof of Bank Transfer' and 'Proof of Bank Account'.

5. Submit & Await Confirmation: Submit your request, and Moomoo SG will review and process your deposit as soon as possible.

What to Do After Initiating A Bank Transfer to Moomoo SG?

Moomoo SG only accepts transfers from accounts in your name. If you’ve initiated a bank transfer to Moomoo SG from other banks, here’s what you need to do:

1. Deposit to Payer's Moomoo Account:

To deposit funds to the payer's Moomoo SG account, follow the initial steps and then select “Deposit to the payer's moomoo account“. Enter the transfer details, proof of payment, and the payer’s Moomoo ID, then submit your request. Funds will be deposited within 1-2 business days after verification.

2. Request a Refund:

To request a refund, navigate to Trade> Accounts> Transfers> Deposit Bank Transfer, then contact Moomoo support using the “drop us a message” feature. Select “Someone else’s bank account“ and choose “Return to the payer's bank account“. Provide the transfer details, proof of payment, and the payer’s bank account information, then submit your request. Refunds will be processed within 30 days.

FAST transactions or SGD 200k and below refund will be completed within 3-5 business days. For SGD 200k and above, GIRO, credit card, TT return fund is 2-4 working weeks.

What is A Proof of Bank Transfer or Bank Account?

Proof of Bank Transfer is a photo or screenshot from your bank confirming a successful transfer, which should include remitting bank details, beneficiary bank details, transfer amount & currency, and transaction date. Proof of Bank Account, on the other hand, is any document proving your ownership of the bank account, such as monthly bank statements or account opening confirmation. Proof of Bank Transfer is also required for payments to billing organizations to ensure timely bill settlement.

Why Choose Moomoo SG for Depositing via Bank Transfer

Moomoo SG offers a combination of low costs, global trading capabilities, and powerful tools, making it an excellent choice for investors looking to deposit funds via bank transfer. With moomoo, you can grow your investments with ease and efficiency, all while enjoying the convenience of a single, integrated platform.

Low Costs, 0 Commission Trading*

Moomoo SG offers a cost-effective solution for investors, with low costs and commission-free fund transfer. This means you can invest more of your money without worrying about expensive fees eating into your profits.

One App to Trade Globally

With moomoo, you can trade stocks from multiple markets around the world, all from one convenient app. Whether you’re interested in US, Singapore, Japan, or Hong Kong stocks, moomoo’s integrated platform makes it easy to access a wide range of investment opportunities.

Integrated Platforms and Tools

Moomoo Singapore provides a suite of integrated platforms and tools to help you find and analyze your favorite stocks. From advanced search filters to real-time market data, moomoo equips you with the information you need to make informed investment decisions.

Conclusion: Seamless Bank Transfers with Moomoo SG

In conclusion, depositing via a funds transfer service on Moomoo SG is a straightforward and efficient way to fund your investment account. Through this guide, we've explored what Moomoo SG is, compared bank transfers to other deposit methods, and provided a step-by-step beginner's guide to depositing via bank transfer. We’ve also delved into specific instructions for DBS, UOB, and OCBC bank transfers, as well as discussed Moomoo SG's bank transfer fees and limits.

With this comprehensive guide, you're now equipped with the knowledge and instructions to start depositing via bank transfer with Moomoo SG and take advantage of these benefits. So, why wait? Begin your investment journey with Moomoo Singapore today!