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How to deposit from bank account into Card
How to deposit from bank account into Card
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Written by Jun Hao Lim
Updated over a week ago

You can now deposit SGD from any Singapore bank on the FAST network.

SGD deposits into card are done on a 1:1 exchange basis (1 SGD = 1 XSGD). Your SGD will be converted into XSGD and stored on chain within your card vault.

Guide

  1. Log in to your BasedApp account

  2. Select "Deposit" on the BasedApp card tab.

    1. Alternatively, utilize the quick access drawer on the menu modal.

  3. You will see a new deposit fund option - "Bank Transfer"

    1. (For first time users, please click on the "Create Virtual Bank Account" button, we will set up a unique account number for you to deposit funds into)

  4. Go to your favourite bank app, and enter in the recipient details as shown on your screen. Your account number is unique to you. You can save the details as a favorite payee to facilitate easy transfers in the future.

  5. You are done! You should receive an email upon your bank deposit and see your XSGD balance updated on the card within minutes.

IMPORTANT:

Only transfer funds from your a bank account that is held in your name. Any funds deposited from bank account not in your name will be rejected. Refund may take days to complete.

Things to Note:

The direct bank deposits are typically completed within minutes. However, in rare cases, there may be a delay in the direct mint process. Please allow for up to 12 hours in mint time.
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Should you have any urgent queries or concerns, reach out to us via the in-app customer support chat.

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