RTGS (Real Time Gross Settlement) is a funds transfer system that allows you to move money from your account in one bank to another on a “real time” and on “gross” basis. Settlement in “real time” means transactions are settled as soon as they are processed and not subjected to any waiting period. “Gross settlement” means the transaction is settled on one-to-one basis without bundling or netting with any other transaction.
You can easily, conveniently and securely effect transfers either using our upgraded Internet Banking platform at no charge, or by giving us transaction instruction via email. Your transactions are completed the same day, meaning your beneficiaries receive it on the same day, as long as it was sent before the midday cut-off time.
