In May, Gemini just improved their fiat bank transfer capability. Now each Gemini.com user gets their own unique bank account number. This allows us to transfer SGD into Gemini in a quick and simple way, no more mix up as the account number belongs to you as an individual.
Here’s a snippet from their email
Starting from 4th of May 2021, a unique recipient bank account number will be assigned to your Gemini account, this is to be used for SGD deposits after the implementation date. You can find the unique recipient bank account number within the “View Your Deposit
Instructions” page.
We have introduced SGD Direct Deposits to simplify the process of depositing SGD into your Gemini account, eliminating the need for creating a deposit request with Gemini prior to transferring SGD. The new process will significantly improve the settlement time for deposits to be reflected in your Gemini wallet.
What I like about this is the direct deposit capability plus, it uses the normal FAST transfer in Singapore banks which you get to fund your Gemini account almost instantly. So now you can just do your normal bank transfer and the amount gets credited quick and simple. Thanks for this feature CIMB bank.
Here’s how to make a FAST transfer to Gemini
To initiate a FAST payments transfer, please navigate to the Deposit Page here and follow the steps below:
- Go to “Account” > “Deposit into Gemini”
- Select “SGD” > Enter Amount Enter the deposit amount, then click “Continue”
- Select Funding Source > Click “Review”
- Click “Got It” after reviewing the FAST payments instructions (You will receive an automated email from us with further transfer details/information)
- Initiate a FAST payments transfer in the amount specified, using the provided details
Note: The limit of $20,000 per transaction still exist. So dont over transfer :). If you are looking to get started with some crypto trading, you can check out Gemini or checkout my Singaporean cryptocurrency investing 101
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