What is ANEXT Flash?
ANEXT Flash is a cross-border transfer service that allows businesses to send USD and EUR to selected countries within 1 working day. Payments are routed via secure local rails in the US, Hong Kong, and Europe, so your recipient receives the full amount* you send. *Subject to respective local market charging practices. Selected beneficiary […]
Which currencies and countries are supported with ANEXT Flash?
ANEXT Flash currently supports: USD: to Hong Kong, the United States and MYBANK EUR: to Hong Kong and European Economic Area (EEA) countries CNH: to MYBANK in China For transfers to unsupported currencies or countries, SWIFT remains available as an alternative.
How is ANEXT Flash different from SWIFT?
Payout Rails ANEXT Flash SWIFT Speed 0-1 working day 1-5 working days Cost Lower.Single flat fee. Variable by charge option Full Amount Delivered Yes* Requires OUR option (additional fee) Coverage USD/EUR to US/HK/EEAUSD/CNH to MYBANK 10 currencies, broader country reach Proof of Payment Yes(Except Beneficiary Bank is MYBANK) Yes Business Hour Cut-off schedule at currency-destination […]
What are the cut-off times for same-day transfers for ANEXT Flash?
Transfers initiated before the cut-off are delivered within the same or next working day. Transfers after the cut-off are processed the following working day. Payout Currency Destination ANEXT Flash Cut-off Time (Local) EUR/USD HK 17:45 GMT+8 EUR EEA 15:15 GMT+1 USD US 15:00 GMT-5 CNH/USD MYBANK 24*7
Is FX supported via ANEXT Flash?
You may perform spot FX conversion from supported ANEXT Business Account currencies (SGD, USD, EUR, CNH) into eligible payout currencies and remit the converted amount via ANEXT Flash.
What is the ABA routing number and when do i need it ?
An ABA Routing Number is a 9-digit code that identifies a US bank. It is required only when sending USD to a US-based recipient via ANEXT Flash, as funds may be routed through the Automated Clearing House (ACH) network. You do not need one for transfers to Hong Kong or EEA countries. Check with your […]
What are the fees for ANEXT Flash?
ANEXT Flash charges a single flat fee with no hidden deductions. Please refer to the ANEXT Fee Schedule for the latest rates.
How do I repay my ANEXT CreditNow business loan?
CreditNow is a revolving credit facility. You only start making repayments after you draw down from your approved credit limit. Each drawdown has a maximum repayment tenure of 12 months, which includes both principal and interest. If you make multiple drawdowns, the repayments will be aligned to a single monthly payment date, based on the […]
Who is eligible to apply for ANEXT CreditNow?
CreditNow is available to Singapore-incorporated businesses (including sole proprietorships) that have minimally past 6 months of activities with ANEXT, subject to ANEXT Bank’s credit assessment and approval.
What is the repayment period for ANEXT CreditNow?
Each drawdown is repaid through equal monthly instalments over a 12-month period.