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Interbank GIRO

ACH

Singapore Interbank GIRO (IBG) — batch clearing system for low-value bulk payments including direct credits and direct debits. Operated by Banking Computer Services (BCS) under ABS governance. Multilateral net settlement via MEPS+ on deferred same-day basis. 123 million transactions totalling S$672.9B in 2024.

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether Interbank GIRO is running normally.

Next

Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for Interbank GIRO.

ClearingPost holds sourced upcoming items for 10 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

Changed

Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

No substantive change recorded for Interbank GIRO in ClearingPost's change records.

The full activity log for this system, including context notes, is on the Changes page.

Sources ClearingPost reads BCS / NETS · Authoritative (T1) · 8 of 13 fields carry a source and a recorded date · latest sourced entry recorded 16 Apr 2026 · evidence details ↓

Record · Interbank GIRO

Country
Singapore (SG)
Currency
Singapore Dollar (SGD)
Operator
BCS / ABS
Type
ACH
Operating Window
00:00–10:00 UTC · Mo,Tu,We,Th,Fr,Sa
Year Established
1984
Tier?
Tier 2
ISO 20022?
Legacy
Region
Asia-Pacific
Settlement Type?
Net
Participants
40 directly connected (end-2023)
Avg Daily Transactions
~492K (2024)
Avg Daily Value
~SGD 2.7B (2024)
Notes

Submission deadline: 12:00 SGT weekdays, 09:00 SGT Saturdays. Settlement by 18:15 SGT weekdays, 14:30 SGT Saturdays. Since June 2025, governance transferred to Singapore Payments Network (SPaN). Operating hours in UTC: openH 0 = ~08:00 SGT, closeH 10 = ~18:00 SGT. eGIRO digital signup service supports 11 participating banks as of December 2025 (DBS, OCBC, UOB, Citibank, Standard Chartered, HSBC, Maybank, ICBC, Bank of China, JPMorgan Chase, MariBank); broader IBG clearing system may include additional participants.

BCS / ABS official website →
Reference Sources
BCS / NETS
Authoritative (T1)Entry recorded Mar 13, 2026
Status →Statistics →Rules →
See all ACH systems →See all systems in Singapore →ISO 20022 migration status →Payment rails by country →
Other systems in the same country or region
BOJ-NETRTGS
Japan · JPY · Bank of Japan
ZenginACH
Japan · JPY · Zengin-Net (JBA)
HVPS (CNAPS)RTGS
China · CNY · CNCC (China National Clearing Center) / PBoC
CIPSHybrid
China · CNY · CIPS Co.
BEPS (CNAPS)ACH
China · CNY · CNCC (China National Clearing Center) / PBoC
IBPSFPS
China · CNY · CNCC (China National Clearing Center) / PBoC

Operations · Interbank GIRO

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for Interbank GIRO (1)

Coverage whose headline or summary names Interbank GIRO, or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the Interbank GIRO operator or external.

AnalysisMar 24, 2026Headline names “Interbank GIRO”
Singapore's Interbank GIRO Clears SGD 2.7 Billion Daily Across 50 Banks as SPaN Assumes Governance
Singapore's batch ACH system processes approximately 492,000 transactions worth SGD 2.7 billion each day across some 50 participating banks, with governance recently transferred to the newly established Singapore Payments Network in a landmark restructuring of the city-state's payment infrastructure oversight.
External source · Association of Banks in Singapore