What is a linked bank account in Singapore and how does it work?

Linked bank account is a payment method available via the Instarem app in Singapore. It operates through the eGIRO payment system, which authorises Instarem to debit funds from your linked bank account.

Linking your bank account to your Instarem account is a one-time process. When you choose ‘linked bank account’ as the payment method, you authorise us to debit the funds directly from your linked account to fund your transfer. You won’t need to leave the Instarem app and log into your bank’s portal to make a payment. It is faster and more convenient than other payment methods.