How to Set Up eGiro With Your Bank?
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Set up direct debit to stay on track with your financial plans.
Direct debiting with eGiro is a fast, secure, and automated way to stick to your long-term financial plan. By investing regularly, you’ll be able to reduce the amount of volatility in your investment portfolio. Plus, it’s a proven way to build long term wealth, and often beats trying to time the markets!
Want to set it and forget it? Just follow our guide below for your respective bank. It’ll only take a few minutes!
- Set up eGiro on StashAway with DBS
- Set up eGiro on StashAway with OCBC
- Set up eGiro on StashAway with UOB
These following instructions are current as of January 2023 and are subject to change based on any design or operational changes that the respective bank might implement.
Set up eGiro with DBS
1. Log into your StashAway app.
2. Select "Transfer", and then "Put money in".
3. Chose the account you wish to deposit from. Under the “eGIRO” tab, select “Set up eGIRO”.
4. Key in your bank account details. Then, select “Continue to Bank Authentication”.
5. Select “Got it” on the screen, and wait for the app to redirect you to your bank.
6. Log into your bank account and fill in the required information under “Setup Arrangement”
On your DBS app, “security limit” refers to the maximum amount that you allow StashAway to withdraw from your DBS bank account. This isn’t the same amount as the transfer limit.
Let’s say you plan to deposit $500 SGD dollars into your General Investing portfolio every month for 6 months. Afterwards, you intend to increase your deposits to $700 SGD for another 6 months, and potentially increase it even more after a year. In this case, you could set your DBS security limit to $1500 SGD to account for the changes you might make on your deposit plan in the future.
7. Review the information, and select “Submit”. Continue to authenticate the request by following the instructions provided by your bank.
8. Select “Approve” to add StashAway (Asia Wealth Platform Pte Ltd) as a recipient for eGIRO. Then, select “Done” after successfully authorising the transaction.
9. Wait until your request has loaded. This might take a while, but make sure to stay on your DBS app. Once submitted, select “Log out” to complete the setup process.
10. You’ll automatically be brought back to the StashAway app. Make sure to stay on the app during this step. Then, continue to set up a new deposit plan with your newly connected bank account by clicking “Set Up a Deposit Plan”.
11. Select either a one-time or recurring deposit.
12. Select the eGIRO bank account, and choose the portfolio you want to make a deposit into.
13. Schedule a deposit by selecting a date and a desired amount. Continue by reviewing your deposit information, and select “Confirm” on the following screen.
14. That’s it! Your bank will send us the exact deposit amount on your chosen date. Once we receive the funds, we’ll allocate them into your investment portfolio.
With your new eGiro setup, you'll now be able to deposit directly and easily from your bank account any time, all from the StashAway app!
Set up eGiro with OCBC
1. Log into your StashAway app.
2. Select "Transfer", and then "Put money in".
3. Chose the account you wish to deposit from. Under the eGIRO tab, select “Set up eGIRO”.
4. Key in your bank account details. Then, select “Continue to Bank Authentication”.
5. Wait to be redirected to your bank and log in.
6. Select “Confirm” and authorise the login via OCBC verification.
7. Once the transaction has been authorised, log in to your OCBC account again.
8. On the eGIRO details page, set up eGIRO by inputting the details like security limit and expiry date (both are optional).
On your OCBC app, “security limit” refers to the maximum amount that you allow StashAway to withdraw from your OCBC bank account. This isn’t the same amount as the transfer limit.
Let’s say you plan to deposit $500 SGD dollars into your General Investing portfolio every month for 6 months. Afterwards, you intend to increase your deposits to $700 SGD for another 6 months, and potentially increase it even more after a year. In this case, you could set your OCBC security limit to $1500 SGD to account for the changes you might make on your deposit plan in the future.
9. Select “Submit”.
10. Authorise the transaction by selecting “Confirm”
11. You’ll automatically be brought back to the StashAway app. Make sure to stay on the app during this step. Then, continue to set up a new deposit plan with your newly-connected bank account by clicking “Set Up a Deposit Plan”.
12. Select either a one-time or recurring deposit.
13. Select the eGIRO bank account, and choose the portfolio you want to make a deposit into.
14. Schedule a deposit by selecting a date and a desired amount. Continue by reviewing your deposit information, and select “Confirm” on the following screen.
15. That’s it! Your bank will send us the exact deposit amount on your chosen date. Once we receive the funds, we’ll allocate them into your investment portfolio.
With your new eGiro setup, you'll now be able to deposit directly and easily from your bank account any time, all from the StashAway app!
Set up eGIRO with UOB
- Login to your StashAway App.
2. Select "Transfer", and then "Put money in".
3. Chose the account you wish to deposit from. Under the eGIRO tab, select “Set up eGIRO”.
4. Key in your bank account details. Then, select “Continue to Bank Authentication”.
5. You will be redirected to the UOB’s app. Log into your UOB account.
6. Choose which account you would like to transfer funds from, input the security limit (optional), and select “Continue”.
On your UOB app, “security limit” refers to the maximum amount that you allow StashAway to withdraw from your UOB bank account. This isn’t the same amount as the transfer limit.
Let’s say you plan to deposit $500 SGD dollars into your General Investing portfolio every month for 6 months. Afterwards, you intend to increase your deposits to $700 SGD for another 6 months, and potentially increase it even more after a year. In this case, you could set your UOB security limit to $1500 SGD to account for the changes you might make on your deposit plan in the future.
7. Review the information, and select “Yes”.
8. Enter the digital token code to log into your UOB app and and click “Ok”.
9. Switch back to your StashAway app and set up a deposit plan. Make sure to stay on the app during this step. Then, continue to set up a new deposit plan with your newly connected bank account by clicking “Set Up a Deposit Plan”.
10. Select either a one-time or recurring deposit.
11. Select the eGIRO bank account, and choose the portfolio you want to make a deposit into.
12. Schedule a deposit by selecting a date and a desired amount. Continue by reviewing your deposit information, and select “Confirm” on the following screen.
13. That’s it! Your bank will send us the exact deposit amount on your chosen date. Once we receive the funds, we’ll allocate them into your investment portfolio.
With your new eGiro setup, you'll now be able to deposit directly and easily from your bank account any time, all from the StashAway app!
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