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MoneyPlus Fund Transfer


 

 

Smarter Way to Extra Cash!

BOC MoneyPlus Fund Transfer is the smarter way to realise your dreams and desire.

Make the smarter choice by signing up today and enjoy 0% interest rate for 3, 6 or 12 months MoneyPlus Fund Transfer which bring you up to 79% savings!

You can transfer funds from your BOC MoneyPlus account to your choice of ANY bank's credit card, credit line, savings or current account upon approval of application.

BOC MoneyPlus Fund Transfer Rates and Tenures

Tenures Interest Rate Processing Fee Effective Interest Rate (EIR)
3 months 0% 1.8% 7.49%
6 months 0% 3% 6.38%
12 months 0% 5% 5.60%

Illustration on the savings that you get to enjoy with BOC MoneyPlus Fund Transfer:

MoneyPlus Fund Transfer amount of S$10,000 3 months 6 months 12 months
Interest charged from other banks at 24% per annum S$600 S$1,200 S$2,400
Interest charged at BOC at 0% per annum S$0 S$0 S$0
One time processing fee for BOC MoneyPlus Fund Transfer S$180 S$300 S$500
Your Savings S$420
(70% savings)
S$900
(75% savings)
S$1,900
(79% savings)

Figures are simplified for illustration purposes.

How to Apply

  1. You can download the application form and mail/fax (6532 6318) it back to us.
  2. Alternatively, SMS BOCMP<space>FT<space>Name<space>NRIC to 79777.

By mail/fax or SMS to BOC, you authorise to BOC to contact you with regards to BOC MoneyPlus Fund Transfer.

For more information, please call our 24-hour Customer Service hotline at 1800 338 5335.

Please click here for latest promotions.

Apply Now

(existing customer)

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(new customer)

 

BOC MoneyPlus Fund Transfer Terms and Conditions

  • The Fund Transfer is available to BOC MoneyPlus account holder with an annual income of at least S$30,000 at the time of the Fund Transfer application.
  • The minimum transfer sum under the Fund Transfer is S$1,000 or such other amounts as determined by BOC at its discretion. No cancellation or change of the transfer amount will be allowed after submission of the Fund Transfer application.
  • BOC shall, on its approval of each Fund Transfer application, charge a non-refundable processing fee on the transfer amount to the eligible applicant’s BOC MoneyPlus account.
  • The Fund Transfer is applicable to (i) any current/saving account(s) held with BOC, and/or (ii) any credit card/credit line/bank account(s) held with any other bank or financial institution in Singapore, (the “Receiving Account(s)”). The Receiving Account(s) to be credited must be in the name of the applicant. BOC will not accept any Fund Transfer application in a foreign currency.
  • Each Fund Transfer application is subject to the applicant’s BOC MoneyPlus account being in good standing, as determined by BOC at its sole discretion. If BOC determines at any time that the applicant’s BOC MoneyPlus account is not in good standing, BOC reserves the right to adjust the processing fee and/or interest rate (where applicable) to be applied to the Fund Transfer. Should the transfer amount requested exceed the applicant’s approved credit limit on the applicant’s BOC MoneyPlus account at the time of the application, BOC will determine at its sole discretion the final approved amount to be transferred and BOC’s decision shall be final and binding on the applicant.
  • The applicant shall continue to make payment to the Receiving Account(s) which the Fund Transfer relates, until such Receiving Account(s) have been credited with funds by BOC. BOC bears no responsibility for any overdue payment or interest incurred arising from any delay in the said Fund Transfer. In addition, any charges, fees, interest or losses incurred by BOC in connection with the applicant’s Fund Transfer, including without limitation, any fees and charges whatsoever and howsoever imposed by the bank or financial institution of the Receiving Account(s), shall be borne solely by the applicant.
  • 0% interest rate is applicable only to the amount approved and transferred and not to existing outstanding balances or amount(s) subsequently incurred on the applicant’s BOC MoneyPlus account. 0% interest rate will expire on the last day of the promotional fund transfer tenure or when the approval amount is fully paid, whichever is earlier. Thereafter, BOC MoneyPlus prevailing interest rate or such other rates as BOC may stipulate from time to time, shall apply on all outstanding amounts. BOC reserves the right to vary the interest rate chargeable and the basis of interest calculation at any time.
  • By making this Fund Transfer application, the applicant agrees to be liable for the total transfer amount and processing fee.
  • BOC reserves the right to reject any Fund Transfer application and/or approve only part of the transfer amount requested without assigning any reason or whatsoever.
  • The terms and conditions contained herein are in addition to the terms and conditions in the BOC MoneyPlus Terms and Conditions (“BOC MoneyPlus Terms and Conditions”), which shall continue to apply in full force and effect. In the event of any inconsistency between these terms and conditions and BOC MoneyPlus Terms and Conditions, these terms and conditions shall prevail.
  • BOC’s decision on all matters relating to this Fund Transfer shall be at its absolute discretion and shall be final and binding on the applicant.
  • BOC is entitled to end this Fund Transfer and add or vary any terms and conditions at any time and at its absolute discretion without the giving of notice.
  • All information is correct at the point of publishing.
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