How do I make withdrawals from my Singlife Account policy?

As long as you have a Singlife Account policy with an initial premium of S$500, you may use FAST at any time to transfer funds to your personal bank account(s).

On your Singlife App:

Step 1: Tap on ‘Withdraw’ in your Singlife Account dashboard.

Singlife Account FAQ 61 Singlife App Step 1

Step 2(a): Select your bank account for the withdrawal amount to be credited to.

Singlife Account FAQ 61 Singlife App Step 2(a)

Step 2(b): Or add a new bank account for the withdrawal amount to be credited to.

Singlife Account FAQ 61 Singlife App Step 2(b)

Step 3: Indicate the amount you would like to withdraw.

Singlife Account FAQ 61 Singlife App Step 3

Step 4: Enter your OTP received via SMS to verify the transaction.

Singlife Account FAQ 61 Singlife App Step 4

Step 5: Swipe right to confirm the withdrawal.

Singlife Account FAQ 61 Singlife App Step 5

Step 6: And your withdrawal is complete!

Singlife Account FAQ 61 Singlife App Step 6

How long does it take to make a withdrawal from my Singlife Account policy?

Withdrawals may be made instantly through FAST. Please note that it may take up to three hours for withdrawn funds to show up in your designated bank account(s).

Is there a limit to my daily withdrawals?

The daily withdrawal limit from the Singlife Account is S$20,000.

What happens to my Singlife Account insurance benefits after I make a withdrawal?

Your insurance cover is based on your up-to-date account value. As such, a withdrawal will reduce your insurance benefits.

When can I withdraw funds from my Singlife Account?

You may withdraw funds from your available account balance at any time.

Can I make a FAST transfer from my Singlife Account to a friend’s or family member’s account?

No, you can only withdraw funds from your Singlife Account into your own personal bank account to prevent any potential scam. 

Can I withdraw cash with the Singlife Visa Debit Card at an ATM?

No, but you can pay for your purchases with the Singlife Visa Debit Card. 

This webpage is published for information only and Singapore Life Ltd. accepts no liability whatsoever with respect to its use or its contents. 

The information contained here is accurate as at 16 Aug 2022.