What is Monthly Funds Transfer?
Monthly Funds Transfer schedules funds to be automatically transferred from a designated account to the assigned account every month.
Who are eligible for Monthly Funds Transfer (MFT)?
All Plus! Savings/ NTUC-OCBC Starter Account customers are eligible for MFT. Plus! Savings Account is bundled with the Plus! Visa Card. NTUC-OCBC Starter Account is bundled with the NTUC Plus! Visa Card. If you hold a Plus! Visa Card/ NTUC Plus! Visa Card you can set up your MFT.
Am I allowed to choose a preferred contribution date?
Yes, you are allowed to select your preferred contribution date.
Am I allowed to change the contribution amount and/or debiting bank?
Yes. You are allowed to change your contribution amount and debiting bank. All you need to do is to fill upchange / termination of monthly funds transfer instruction form.
Will my Monthly Funds Transfer automatically terminate when my Plus! Savings/ NTUC-OCBC Starter Account is closed?
Yes. Monthly Funds Transfer will automatically be terminated when your Plus! Savings/ NTUC-OCBC Starter Account is closed.
How can I terminate my Monthly Funds Transfer?
You can terminate your Monthly Funds Transfer by filling inchange/termination of monthly funds transfer form.