Receive payout via PayNow
Great Eastern policyholders can now choose to receive payouts via PayNow for selected transactions.
PayNow is an electronic fund transfer that allows you to receive funds conveniently using your NRIC or UEN without the need for bank account details or documents.
You can register for PayNow via internet banking with any of the PayNow participating banks. At registration, you are required to link your NRIC number to your bank account. Please note that you must have already registered for PayNow before you can receive funds by providing your NRIC to Great Eastern.
The transfer limit is up to SGD 200,000 per transaction / request submitted.
A SMS/letter will be sent to your mobile number registered with Great Eastern on the completion of the PayNow funds transfer.
Payouts are only made to NRIC linked PayNow account.
Cheque will be issued to you in replacement of the failed PayNow transaction.
You may indicate your preferred mode in your written request. Other modes of payment that Great Eastern provides are:
- Direct Credit into your bank account – you would need to provide us a copy of your bank statement.
- Telegraphic transfer – for policyholders who do not have any bank account in Singapore.
In Great Eastern, PayNow is only available for Great Eastern policyholders who have their NRIC linked with the participating banks.
Only Singapore Dollar fund transfer is available for PayNow.
- A convenient way to receive funds
- No requirement for policyholder to submit bank account details and/or required documents.
The PayNow service is offered by Great Eastern free-of-charge to our policyholders.
By submitting your written request to receive funds via PayNow, you agree to Great Eastern’s privacy statement. Our privacy statement is available here.
At present, PayNow is being operated by a third-party service provider appointed by the industry-wide scheme owner for PayNow. Adequate measures have been implemented to ensure the integrity, security and confidentiality of this data.